Madison Dividend Value ETF
DIVL
5 hedge funds and large institutions have $54.5M invested in Madison Dividend Value ETF in 2025 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 0 closing their positions.
67% more funds holding
Funds holding: 3 → 5 (+2)
4% less capital invested
Capital invested by funds: $56.5M → $54.5M (-$1.98M)
2.67% less ownership
Funds ownership: 91.64% → 88.97% (-2.7%)
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$319K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$18.2K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$5.69K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Madison Asset Management
Madison,
Wisconsin
|
-$899K |
| 2 |
GS
GTS Securities
New York
|
-$553K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MAM
1
Madison Asset Management
Madison,
Wisconsin
| $53.4M | -$899K | -39,336 | -2% |
|
|
2
Citadel Advisors
Miami,
Florida
| $562K | +$18.2K | +795 | +3% |
|
|
3
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $320K | +$319K | +13,973 | New |
|
|
GS
4
GTS Securities
New York
| $281K | -$553K | -24,184 | -66% |
|
|
5
UBS Group
Zurich,
Switzerland
| $5.71K | +$5.69K | +249 | New |
|
DIVL Hedge Fund Activity: Q4 2025 in Review
5 of the 8,238 institutional investors tracked by Wall St. Rank reported a position in Madison Dividend Value ETF (DIVL) for Q4 2025, worth a combined $54.5M — down 3.5% from $56.5M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new DIVL positions and 0 closed out — a net gain of 2 holders — while 1 added to existing stakes and 2 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $319K. The largest seller was Madison Asset Management, cutting an estimated $899K.
- 5 institutional investors held Madison Dividend Value ETF (DIVL) as of Q4 2025, up from 3 in Q3 2025.
- Funds reported $54.5M of Madison Dividend Value ETF stock for Q4 2025, down 3.5% quarter-over-quarter.
- 2 funds opened new Madison Dividend Value ETF positions in Q4 2025 and 0 closed out, a net change of +2 holders.
- The largest Madison Dividend Value ETF buyer in Q4 2025 was Susquehanna International Group, an estimated $319K added.
- The largest Madison Dividend Value ETF seller in Q4 2025 was Madison Asset Management, an estimated $899K sold.
Based on aggregated 13F filings for Q4 2025.