% of shares outstanding is not shown for DBO: this is a fund line, and we hold no cover-page share count for it at any quarter — a fund's shares outstanding move with creations and redemptions rather than with issuance and buybacks, and it is not the SEC cover-page count this percentage is defined against. The figure is withheld rather than computed against a count that does not exist. Holder share counts are shown as filed.
Crowding percentile withheld — no market cap for DBO in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | WELLS FARGO & COMPANY/MN | 1,693,8011.7M | $33M | — | ADD 17% |
| 2 | E Fund Management Co., Ltd. | 979,736979,736 | $19M | — | NEW |
| 3 | PRUDENTIAL PLC | 471,310471,310 | $9M | — | TRIM -16% |
| 4 | ENVESTNET ASSET MANAGEMENT INC | 286,764286,764 | $6M | — | ADD 41% |
| 5 | PINEBRIDGE INVESTMENTS LLC | 263,577263,577 | $5M | — | NEW |
| 6 | Quadrature Capital Ltd | 262,633262,633 | $5M | — | ADD 1451% |
| 7 | JANE STREET GROUP, LLC | 222,043222,043 | $4M | — | NEW |
| 8 | Advisory Services Network, LLC | 180,002180,002 | $4M | — | NEW |
| 9 | Narus Financial Partners, LLC | 144,284144,284 | $3M | — | ADD 9% |
| 10 | LPL Financial LLC | 118,408118,408 | $2M | — | ADD 25% |
| 11 | Mirae Asset Global Investments Co., Ltd. | 90,10090,100 | $2M | — | TRIM -32% |
| 12 | Cetera Investment Advisers | 81,28581,285 | $2M | — | ADD 85% |
| 13 | Asset Management One Co., Ltd. | 64,50064,500 | $1M | — | TRIM -43% |
| 14 | Cambridge Investment Research Advisors, Inc. | 48,07048,070 | $946,000 | — | ADD 19% |
| 15 | OSAIC HOLDINGS, INC. | 45,59545,595 | $896,941 | — | ADD 10% |
| 16 | TWO SIGMA SECURITIES, LLC | 35,12035,120 | $690,810 | — | ADD 215% |
| 17 | FLOW TRADERS U.S. LLC | 34,13734,137 | $671,000 | — | TRIM -71% |
| 18 | AMERIPRISE FINANCIAL INC | 33,27833,278 | $654,586 | — | ADD 113% |
| 19 | MORGAN STANLEY | 32,74232,742 | $644,035 | — | ADD 8% |
| 20 | ROYAL BANK OF CANADA | 32,24632,246 | $635,000 | — | — |
| 21 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 29,60929,609 | $582,409 | — | TRIM -25% |
| 22 | UBS Group AG | 23,95123,951 | $471,116 | — | — |
| 23 | Kestra Advisory Services, LLC | 21,86821,868 | $430,146 | — | TRIM -20% |
| 24 | Allegheny Financial Group | 21,18321,183 | $416,678 | — | — |
| 25 | Cynosure Group, LLC | 21,11621,116 | $415,352 | — | — |
| 26 | HighTower Advisors, LLC | 19,46919,469 | $382,960 | — | ADD 5% |
| 27 | CITADEL ADVISORS LLC | 18,40918,409 | $362,105 | — | TRIM -26% |
| 28 | GREAT VALLEY ADVISOR GROUP, INC. | 18,00018,000 | $354,060 | — | NEW |
| 29 | Private Wealth Asset Management, LLC | 16,38516,385 | $322,293 | — | — |
| 30 | StoneX Group Inc. | 15,93815,938 | $313,500 | — | NEW |
| 31 | MONETA GROUP INVESTMENT ADVISORS LLC | 14,84714,847 | $292,040 | — | NEW |
| 32 | Ashton Thomas Private Wealth, LLC | 14,62114,621 | $287,595 | — | NEW |
| 33 | B. Riley Wealth Advisors, Inc. | 13,80013,800 | $287,316 | — | — |
| 34 | SIMPLEX TRADING, LLC | 14,59214,592 | $287,024 | — | NEW |
| 35 | Cadence Wealth Management LLC | 14,32014,320 | $281,680 | — | NEW |
| 36 | Curi Capital, LLC | 14,00014,000 | $275,380 | — | NEW |
| 37 | RIK SAYLOR FINANCIAL, INC. | 12,37812,378 | $243,470 | — | — |
| 38 | Strategic Financial Concepts, LLC | 12,09212,092 | $237,841 | — | TRIM -59% |
| 39 | Forty-three Eighteen Advisors, LLC | 11,27011,270 | $221,681 | — | — |
| 40 | STIFEL FINANCIAL CORP | 11,24211,242 | $221,130 | — | NEW |
| 41 | Cornerstone Wealth Management, LLC | 10,40010,400 | $204,568 | — | NEW |
| 42 | Rockefeller Capital Management L.P. | 10,10510,105 | $198,771 | — | TRIM -3% |
| 43 | Roxbury Financial LLC | 6,2006,200 | $121,954 | — | NEW |
| 44 | AE Wealth Management LLC | 5,3605,360 | $105,431 | — | ADD 2% |
| 45 | Arax Advisory Partners | 5,0545,054 | $99,412 | — | ADD 119% |
| 46 | JPMORGAN CHASE & CO | 4,7294,729 | $98,457 | — | — |
| 47 | TD Waterhouse Canada Inc. | 4,5994,599 | $87,524 | — | TRIM -22% |
| 48 | McIlrath & Eck, LLC | 3,2003,200 | $62,944 | — | — |
| 49 | US BANCORP \DE\ | 2,5002,500 | $49,175 | — | — |
| 50 | HARBOUR INVESTMENTS, INC. | 2,0522,052 | $40,367 | — | ADD 3846% |
| 51 | Aptus Capital Advisors, LLC | 1,3351,335 | $26,264 | — | — |
| 52 | Quent Capital, LLC | 1,3281,328 | $26,112 | — | — |
| 53 | MAI Capital Management | 1,0001,000 | $19,670 | — | TRIM -9% |
| 54 | IFP Advisors, Inc | 746746 | $14,674 | — | NEW |
| 55 | BANK OF MONTREAL /CAN/ | 715715 | $14,064 | — | NEW |
| 56 | INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 700700 | $13,321 | — | TRIM -74% |
| 57 | Davis Capital Management | 450450 | $8,852 | — | — |
| 58 | Golden State Wealth Management, LLC | 245245 | $4,819 | — | NEW |
| 59 | MCF Advisors LLC | 100100 | $1,967 | — | NEW |
| 60 | Pinnacle Wealth Planning Services, Inc. | 7777 | $1,515 | — | — |
| 61 | Tower Research Capital LLC (TRC) | 2525 | $492 | — | ADD 79% |
Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| WELLS FARGO & COMPANY/MN | 1.7M | 1.7M | 1.7M | 1.6M | 1.5M | 1.7M | $33M |
| E Fund Management Co., Ltd. | — | — | 835K | — | — | 980K | $19M |
| PRUDENTIAL PLC | 554K | 554K | 544K | 547K | 564K | 471K | $9M |
| ENVESTNET ASSET MANAGEMENT INC | 172K | 193K | 195K | 195K | 204K | 287K | $6M |
| PINEBRIDGE INVESTMENTS LLC | — | — | — | — | — | 264K | $5M |
| Quadrature Capital Ltd | 13K | 257K | 196K | 59K | 17K | 263K | $5M |
| JANE STREET GROUP, LLC | 67K | 111K | 11K | 53K | — | 222K | $4M |
| Advisory Services Network, LLC | — | — | — | 1K | — | 180K | $4M |
| Narus Financial Partners, LLC | 203K | 249K | 234K | 216K | 132K | 144K | $3M |
| LPL Financial LLC | 184K | 128K | 120K | 82K | 95K | 118K | $2M |
| Mirae Asset Global Investments Co., Ltd. | 69K | 45K | 170K | 113K | 133K | 90K | $2M |
| Cetera Investment Advisers | 39K | 38K | 40K | 46K | 44K | 81K | $2M |
| Asset Management One Co., Ltd. | 126K | 126K | 126K | 126K | 113K | 65K | $1M |
| Cambridge Investment Research Advisors, Inc. | 49K | 45K | 42K | 41K | 40K | 48K | $946,000 |
| OSAIC HOLDINGS, INC. | 45K | 46K | 47K | 45K | 42K | 46K | $896,941 |
Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.
Short interest has its own tab now — open SI →
Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| E Fund Management Co., Ltd. | +979,736 | $19M | OPEN |
| PINEBRIDGE INVESTMENTS LLC | +263,577 | $5M | OPEN |
| Quadrature Capital Ltd | +245,702 | $5M | ADD |
| WELLS FARGO & COMPANY/MN | +242,774 | $5M | ADD |
| JANE STREET GROUP, LLC | +222,043 | $4M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| COMMONWEALTH EQUITY SERVICES, LLC | −133,971 | $3M | CLOSE |
| PRUDENTIAL PLC | −92,700 | $2M | TRIM |
| FLOW TRADERS U.S. LLC | −84,855 | $2M | TRIM |
| Asset Management One Co., Ltd. | −48,000 | $944,160 | TRIM |
| Mirae Asset Global Investments Co., Ltd. | −42,700 | $839,909 | TRIM |
The 2025-Q4 register is as-filed in ITS OWN share basis; every count below was rebased into the 2026-Q1 basis (no split in between, factor 1). Dollar figures value the SHARE delta at one price — the 2026-03-31 close — rather than differencing two filings' own reported values, which would mix the quarter's price move into the trade figure.
13Fs disclose LONG US-listed positions only — shorts, most derivatives, bonds and non-US listings are invisible here, and a filer's quarter-over-quarter change is not necessarily a trade (index rebalances, in-kind transfers and entity successions all read as flow).
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 61 | 5,519,641 | — | $109M |
| 2025-Q4 | 53 | 3,532,110 | — | $43M |
| 2025-Q3 | 50 | 3,823,245 | — | $51M |
| 2025-Q2 | 50 | 4,848,502 | — | $64M |
| 2025-Q1 | 56 | 4,225,296 | — | $61M |
| 2024-Q4 | 61 | 4,076,004 | — | $58M |
| 2024-Q3 | 64 | 3,802,006 | — | $53M |
| 2024-Q2 | 67 | 4,527,668 | — | $72M |
| 2024-Q1 | 75 | 4,888,146 | — | $76M |
| 2023-Q4 | 78 | 6,401,580 | — | $89M |
| 2023-Q3 | 74 | 4,771,051 | — | $84M |
| 2023-Q2 | 72 | 5,346,493 | — | $75M |
| 2023-Q1 | 66 | 6,310,514 | — | $92M |
| 2022-Q4 | 71 | 7,526,214 | — | $113M |
| 2022-Q3 | 77 | 7,510,062 | — | $114M |
| 2022-Q2 | 92 | 10,910,646 | — | $199M |
| 2022-Q1 | 85 | 11,261,100 | — | $195M |
| 2021-Q4 | 75 | 10,608,370 | — | $144M |
| 2021-Q3 | 77 | 10,453,241 | — | $143M |
| 2021-Q2 | 79 | 12,064,213 | — | $149M |
| 2021-Q1 | 74 | 14,098,713 | — | $146M |
| 2020-Q4 | 57 | 9,769,020 | — | $82M |
| 2020-Q3 | 55 | 10,463,328 | — | $67M |
| 2020-Q2 | 65 | 15,969,724 | — | $112M |
| 2020-Q1 | 47 | 11,924,323 | — | $73M |
| 2019-Q4 | 48 | 5,129,840 | — | $55M |
| 2019-Q3 | 48 | 7,184,032 | — | $68M |
| 2019-Q2 | 51 | 7,025,976 | — | $71M |
| 2019-Q1 | 49 | 7,026,595 | — | $76M |
| 2018-Q4 | 54 | 9,178,104 | — | $78M |
| 2018-Q3 | 58 | 9,596,323 | — | $129M |
| 2018-Q2 | 59 | 8,403,636 | — | $105M |
