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Davis Select Financial ETF

60 hedge funds and large institutions have $314M invested in Davis Select Financial ETF in 2026 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 5

100% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 11

12% more capital invested

Capital invested by funds: $280M → $314M (+$34.8M)

9% more funds holding

Funds holding: 5560 (+5)

1.16% more ownership

Funds ownership: 69.43%70.58% (+1.2%)

Holders
60
Holders Change
+5
Holders Change %
+9.09%
% of All Funds
0.74%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
12
Increased
22
Reduced
11
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
DSA
1
Davis Selected Advisers
Arizona
$95.5M +$14.4K +305 +0%
Thrivent Financial for Lutherans
2
Thrivent Financial for Lutherans
Minnesota
$63.9M +$26.7M +565,765 +66%
Morgan Stanley
3
Morgan Stanley
New York
$38.2M -$6.91M -146,461 -15%
LPL Financial
4
LPL Financial
California
$18.6M +$885K +18,755 +5%
Bank of America
5
Bank of America
North Carolina
$9.4M +$485K +10,288 +5%
Envestnet Asset Management
6
Envestnet Asset Management
Illinois
$6.36M +$6.69M +141,855 New
Truist Financial
7
Truist Financial
North Carolina
$6.23M +$6.55M +138,949 New
Northwestern Mutual Wealth Management
8
Northwestern Mutual Wealth Management
Wisconsin
$5.87M +$1.88M +39,894 +44%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$5.69M +$3.55M +75,169 +145%
HighTower Advisors
10
HighTower Advisors
Illinois
$5.69M -$93.7K -1,986 -2%
WF
11
Willow Financial
Arkansas
$5.26M +$5.54M +117,411 New
Jane Street
12
Jane Street
New York
$5.18M +$5.45M +115,498 New
UBS Group
13
UBS Group
Switzerland
$4.39M +$329K +6,967 +8%
SA
14
Sanctuary Advisors
Indiana
$4.01M +$184K +3,905 +5%
Raymond James Financial
15
Raymond James Financial
Florida
$3.72M -$121K -2,566 -3%
NLP
16
Next Level Private
New York
$3.66M
DADC
17
D.A. Davidson & Co
Montana
$3.51M -$21.6K -459 -0.6%
Citadel Advisors
18
Citadel Advisors
Florida
$3.17M +$2.54M +53,783 +320%
AFG
19
Arkansas Financial Group
Arkansas
$2.88M +$197K +4,179 +7%
IA
20
Inspire Advisors
Idaho
$2.77M +$2.91M +61,666 New
KAS
21
Kestra Advisory Services
Texas
$2.06M +$117K +2,473 +6%
Osaic Holdings
22
Osaic Holdings
Arizona
$1.29M +$43.2K +916 +3%
Janney Montgomery Scott
23
Janney Montgomery Scott
Pennsylvania
$1.12M +$188K +3,979 +19%
HH
24
Hilltop Holdings
Texas
$1.1M -$222K -4,710 -16%
Susquehanna International Group
25
Susquehanna International Group
Pennsylvania
$1.06M +$1.12M +23,652 New

DFNL Hedge Fund Activity: Q1 2026 in Review

60 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Davis Select Financial ETF (DFNL) for Q1 2026, worth a combined $314M — up 12% from $280M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new DFNL positions and 5 closed out — a net gain of 7 holders — while 22 added to existing stakes and 11 trimmed.

The largest buyer was Thrivent Financial for Lutherans, adding an estimated $26.7M. The largest seller was Morgan Stanley, cutting an estimated $6.91M.

  • 60 institutional investors held Davis Select Financial ETF (DFNL) as of Q1 2026, up from 55 in Q4 2025.
  • Funds reported $314M of Davis Select Financial ETF stock for Q1 2026, up 12% quarter-over-quarter.
  • 12 funds opened new Davis Select Financial ETF positions in Q1 2026 and 5 closed out, a net change of +7 holders.
  • The largest Davis Select Financial ETF buyer in Q1 2026 was Thrivent Financial for Lutherans, an estimated $26.7M added.
  • The largest Davis Select Financial ETF seller in Q1 2026 was Morgan Stanley, an estimated $6.91M sold.

Based on aggregated 13F filings for Q1 2026.