DEM

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$52.31

-0.51 (-0.97%)

USD · as of 2026-07-29 · marketstack

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Institutional ownership· 13F filers holding DEM · 2026-Q1 methodology → sources →

348 holders

% of shares outstanding held

—

Shares held (13F)

48,869,702

Reporting holders

348

Top holders

largest 100 of 348 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	MORGAN STANLEY	9,858,2699.9M	$490M	—	ADD 10%
2	BANK OF AMERICA CORP /DE/	7,100,7317.1M	$353M	—	ADD 20%
3	WELLS FARGO & COMPANY/MN	3,226,1033.2M	$160M	—	ADD 6%
4	LPL Financial LLC	2,239,1512.2M	$111M	—	—
5	Creative Planning	2,165,3872.2M	$108M	—	ADD 2%
6	UBS Group AG	1,968,2302.0M	$98M	—	ADD 3%
7	Kestra Investment Management, LLC	1,910,6251.9M	$95M	—	ADD 58%
8	AMERIPRISE FINANCIAL INC	1,801,3211.8M	$90M	—	TRIM -17%
9	ENVESTNET ASSET MANAGEMENT INC	1,365,8451.4M	$68M	—	ADD 22%
10	MERCER GLOBAL ADVISORS INC /ADV	791,444791,444	$39M	—	ADD 5%
11	RAYMOND JAMES FINANCIAL INC	716,009716,009	$36M	—	—
12	ROYAL BANK OF CANADA	694,797694,797	$35M	—	ADD 5%
13	CWM, LLC	668,256668,256	$33M	—	—
14	JPMORGAN CHASE & CO	651,444651,444	$32M	—	TRIM -3%
15	COMMONWEALTH EQUITY SERVICES, LLC	609,392609,392	$30M	—	—
16	Cetera Investment Advisers	605,458605,458	$30M	—	—
17	Kestra Advisory Services, LLC	445,572445,572	$22M	—	ADD 39%
18	SIGNATURE ESTATE & INVESTMENT ADVISORS LLC	418,760418,760	$21M	—	ADD 2%
19	ASPIRIANT, LLC	385,140385,140	$19M	—	TRIM -7%
20	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	393,304393,304	$19M	—	TRIM -16%
21	ASSETMARK, INC	379,386379,386	$19M	—	—
22	STATE OF WISCONSIN INVESTMENT BOARD	311,419311,419	$15M	—	—
23	Rockefeller Capital Management L.P.	293,957293,957	$15M	—	ADD 12%
24	Mariner, LLC	275,762275,762	$14M	—	TRIM -27%
25	Linscomb Wealth, Inc.	273,448273,448	$14M	—	TRIM -4%
26	Baird Financial Group, Inc.	268,050268,050	$13M	—	—
27	CANANDAIGUA NATIONAL CORP	259,477259,477	$13M	—	NEW
28	STIFEL FINANCIAL CORP	252,166252,166	$13M	—	TRIM -43%
29	Valmark Advisers, Inc.	249,416249,416	$12M	—	ADD 3%
30	Baker Avenue Asset Management, LP	236,903236,903	$12M	—	ADD 6%
31	ALLIANCEBERNSTEIN L.P.	241,593241,593	$11M	—	ADD 4%
32	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	217,932217,932	$11M	—	ADD 7%
33	M&T Bank Corp	211,339211,339	$11M	—	TRIM -3%
34	D.A. DAVIDSON & CO.	185,817185,817	$9M	—	ADD 28%
35	&PARTNERS	179,098179,098	$9M	—	—
36	Private Wealth Advisors, LLC	172,169172,169	$9M	—	TRIM -28%
37	AssuredPartners Investment Advisors, LLC	170,304170,304	$8M	—	—
38	Inspire Advisors, LLC	165,874165,874	$8M	—	ADD 19%
39	TD PRIVATE CLIENT WEALTH LLC	161,038161,038	$8M	—	—
40	Janney Montgomery Scott LLC	134,898134,898	$7M	—	ADD 74%
41	ARBOR TRUST WEALTH ADVISORS, LLC	128,648128,648	$6M	—	TRIM -15%
42	Cornerstone Wealth Group, LLC	122,252122,252	$6M	—	TRIM -29%
43	Cheviot Value Management, LLC	127,426127,426	$6M	—	—
44	Cascade Financial Partners, LLC	127,333127,333	$6M	—	—
45	OLD MISSION CAPITAL LLC	125,210125,210	$6M	—	TRIM -57%
46	Empirical Financial Services, LLC d.b.a. Empirical Wealth Management	125,189125,189	$6M	—	—
47	Empowered Funds, LLC	124,826124,826	$6M	—	NEW
48	Equitable Holdings, Inc.	132,104132,104	$6M	—	ADD 11%
49	Meramec Financial Planners, LLC	106,014106,014	$6M	—	TRIM -11%
50	Orion Porfolio Solutions, LLC	97,42797,427	$5M	—	—
51	Stonebridge Wealth Management, LLC	95,61095,610	$5M	—	TRIM -3%
52	Old Port Advisors	91,99091,990	$5M	—	ADD 26%
53	FIFTH THIRD BANCORP	89,76589,765	$4M	—	NEW
54	Focus Partners Wealth	87,11287,112	$4M	—	TRIM -20%
55	Steward Partners Investment Advisory, LLC	83,49483,494	$4M	—	ADD 2%
56	Investors Research Corp	81,74581,745	$4M	—	ADD 12%
57	Koshinski Asset Management, Inc.	74,69874,698	$4M	—	ADD 8%
58	Regal Investment Advisors LLC	74,55474,554	$4M	—	TRIM -5%
59	Waverly Advisors, LLC	73,74173,741	$4M	—	—
60	OSAIC HOLDINGS, INC.	73,53173,531	$4M	—	TRIM -16%
61	Composition Wealth, LLC	72,50872,508	$4M	—	TRIM -52%
62	CAPTRUST FINANCIAL ADVISORS	72,07772,077	$4M	—	—
63	Endowment Wealth Management, Inc.	70,10770,107	$3M	—	ADD 4%
64	Vestmark Advisory Solutions, Inc.	67,94167,941	$3M	—	ADD 6%
65	Capital Analysts, LLC	64,85964,859	$3M	—	TRIM -73%
66	Beacon Pointe Advisors, LLC	64,73664,736	$3M	—	TRIM -34%
67	Corient Private Wealth LLC	63,81563,815	$3M	—	TRIM -47%
68	Moran Wealth Management, LLC	62,89062,890	$3M	—	ADD 52%
69	Freedom Day Solutions, LLC	62,23462,234	$3M	—	ADD 165%
70	J.W. COLE ADVISORS, INC.	62,00562,005	$3M	—	ADD 10%
71	Good Harbor Advisors, Inc.	60,78760,787	$3M	—	ADD 39%
72	Summit Global Investments	58,16958,169	$3M	—	TRIM -14%
73	Axis Wealth Partners, LLC	58,02558,025	$3M	—	ADD 2%
74	Apeiron RIA LLC	55,65055,650	$3M	—	TRIM -8%
75	HighTower Advisors, LLC	53,85353,853	$3M	—	ADD 3%
76	Qube Research & Technologies Ltd	53,35553,355	$3M	—	ADD 51%
77	Sanctuary Advisors, LLC	52,69352,693	$3M	—	TRIM -11%
78	FMR LLC	49,92749,927	$2M	—	TRIM -2%
79	MML INVESTORS SERVICES, LLC	49,57849,578	$2M	—	TRIM -44%
80	GFS Advisors, LLC	199,580199,580	$2M	—	ADD 323%
81	Advisory Services Network, LLC	46,13246,132	$2M	—	—
82	VIEWPOINT INVESTMENT PARTNERS CORP	61,45061,450	$2M	—	ADD 36%
83	Dynamic Advisor Solutions LLC	44,16844,168	$2M	—	ADD 3%
84	ROTHSCHILD INVESTMENT LLC	43,40143,401	$2M	—	ADD 62%
85	FFG RETIREMENT ADVISORS LLC	42,11542,115	$2M	—	ADD 4%
86	MOODY NATIONAL BANK TRUST DIVISION	39,74739,747	$2M	—	—
87	CITIGROUP INC	39,55239,552	$2M	—	TRIM -7%
88	IFP Advisors, Inc	39,17939,179	$2M	—	ADD 22%
89	EVOLVE PRIVATE WEALTH, LLC	38,66938,669	$2M	—	—
90	WealthPlan Investment Management, LLC	38,20038,200	$2M	—	ADD 11%
91	GREENLEAF TRUST	36,92036,920	$2M	—	TRIM -6%
92	Canandaigua National Trust Co of Florida	36,66936,669	$2M	—	TRIM -4%
93	Rathbones Group PLC	35,86835,868	$2M	—	ADD 74%
94	BANK OF MONTREAL /CAN/	35,82635,826	$2M	—	—
95	CX Institutional	35,19035,190	$2M	—	TRIM -6%
96	Collaborative Wealth Managment Inc.	35,13935,139	$2M	—	ADD 38%
97	NewSquare Capital LLC	34,80934,809	$2M	—	ADD 4%
98	RHUMBLINE ADVISERS	34,76734,767	$2M	—	—
99	First City Capital Management, Inc.	33,73933,739	$2M	—	ADD 2%
100	Independent Advisor Alliance	32,06932,069	$2M	—	ADD 30%

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 trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

MORGAN STANLEY

7.4M

8.0M

8.1M

8.4M

8.9M

9.9M

$490M

BANK OF AMERICA CORP /DE/

5.5M

5.7M

5.6M

5.7M

5.9M

7.1M

$353M

WELLS FARGO & COMPANY/MN

3.1M

3.0M

2.9M

3.0M

3.2M

$160M

LPL Financial LLC

2.1M

2.5M

2.6M

2.3M

2.2M

$111M

Creative Planning

2.2M

2.1M

2.2M

$108M

UBS Group AG

1.8M

1.9M

2.0M

$98M

Kestra Investment Management, LLC

1.1M

4.2M

3.3M

1.2M

1.9M

$95M

AMERIPRISE FINANCIAL INC

2.7M

2.4M

2.3M

2.4M

2.2M

1.8M

$90M

ENVESTNET ASSET MANAGEMENT INC

1.5M

1.6M

1.3M

1.1M

1.4M

$68M

MERCER GLOBAL ADVISORS INC /ADV

466K

494K

536K

660K

751K

791K

$39M

RAYMOND JAMES FINANCIAL INC

527K

538K

592K

628K

719K

716K

$36M

ROYAL BANK OF CANADA

783K

588K

1.2M

624K

663K

695K

$35M

CWM, LLC

667K

669K

653K

659K

668K

$33M

JPMORGAN CHASE & CO

651K

593K

619K

1.3M

675K

651K

$32M

COMMONWEALTH EQUITY SERVICES, LLC

680K

702K

721K

659K

616K

609K

$30M

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.

Institutional footprint by quarter

Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	348	48,869,702	—	$2.4B
2025-Q4	351	47,209,687	—	$2.2B
2025-Q3	319	47,381,719	—	$2.2B
2025-Q2	324	47,354,672	—	$2.1B
2025-Q1	304	46,475,056	—	$1.9B
2024-Q4	316	43,278,728

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.

Institutional ownership· 13F filers holding DEM · 2026-Q1 methodology → sources →

348 holders

% of shares outstanding held

—

Shares held (13F)

48,869,702

Reporting holders

348

Top holders

largest 100 of 348 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	MORGAN STANLEY	9,858,2699.9M	$490M	—	ADD 10%
2	BANK OF AMERICA CORP /DE/	7,100,7317.1M	$353M	—	ADD 20%
3	WELLS FARGO & COMPANY/MN	3,226,1033.2M	$160M	—	ADD 6%
4	LPL Financial LLC	2,239,1512.2M	$111M	—	—
5	Creative Planning	2,165,3872.2M	$108M	—	ADD 2%
6	UBS Group AG	1,968,2302.0M	$98M	—	ADD 3%
7	Kestra Investment Management, LLC	1,910,6251.9M	$95M	—	ADD 58%
8	AMERIPRISE FINANCIAL INC	1,801,3211.8M	$90M	—	TRIM -17%
9	ENVESTNET ASSET MANAGEMENT INC	1,365,8451.4M	$68M	—	ADD 22%
10	MERCER GLOBAL ADVISORS INC /ADV	791,444791,444	$39M	—	ADD 5%
11	RAYMOND JAMES FINANCIAL INC	716,009716,009	$36M	—	—
12	ROYAL BANK OF CANADA	694,797694,797	$35M	—	ADD 5%
13	CWM, LLC	668,256668,256	$33M	—	—
14	JPMORGAN CHASE & CO	651,444651,444	$32M	—	TRIM -3%
15	COMMONWEALTH EQUITY SERVICES, LLC	609,392609,392	$30M	—	—
16	Cetera Investment Advisers	605,458605,458	$30M	—	—
17	Kestra Advisory Services, LLC	445,572445,572	$22M	—	ADD 39%
18	SIGNATURE ESTATE & INVESTMENT ADVISORS LLC	418,760418,760	$21M	—	ADD 2%
19	ASPIRIANT, LLC	385,140385,140	$19M	—	TRIM -7%
20	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	393,304393,304	$19M	—	TRIM -16%
21	ASSETMARK, INC	379,386379,386	$19M	—	—
22	STATE OF WISCONSIN INVESTMENT BOARD	311,419311,419	$15M	—	—
23	Rockefeller Capital Management L.P.	293,957293,957	$15M	—	ADD 12%
24	Mariner, LLC	275,762275,762	$14M	—	TRIM -27%
25	Linscomb Wealth, Inc.	273,448273,448	$14M	—	TRIM -4%
26	Baird Financial Group, Inc.	268,050268,050	$13M	—	—
27	CANANDAIGUA NATIONAL CORP	259,477259,477	$13M	—	NEW
28	STIFEL FINANCIAL CORP	252,166252,166	$13M	—	TRIM -43%
29	Valmark Advisers, Inc.	249,416249,416	$12M	—	ADD 3%
30	Baker Avenue Asset Management, LP	236,903236,903	$12M	—	ADD 6%
31	ALLIANCEBERNSTEIN L.P.	241,593241,593	$11M	—	ADD 4%
32	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	217,932217,932	$11M	—	ADD 7%
33	M&T Bank Corp	211,339211,339	$11M	—	TRIM -3%
34	D.A. DAVIDSON & CO.	185,817185,817	$9M	—	ADD 28%
35	&PARTNERS	179,098179,098	$9M	—	—
36	Private Wealth Advisors, LLC	172,169172,169	$9M	—	TRIM -28%
37	AssuredPartners Investment Advisors, LLC	170,304170,304	$8M	—	—
38	Inspire Advisors, LLC	165,874165,874	$8M	—	ADD 19%
39	TD PRIVATE CLIENT WEALTH LLC	161,038161,038	$8M	—	—
40	Janney Montgomery Scott LLC	134,898134,898	$7M	—	ADD 74%
41	ARBOR TRUST WEALTH ADVISORS, LLC	128,648128,648	$6M	—	TRIM -15%
42	Cornerstone Wealth Group, LLC	122,252122,252	$6M	—	TRIM -29%
43	Cheviot Value Management, LLC	127,426127,426	$6M	—	—
44	Cascade Financial Partners, LLC	127,333127,333	$6M	—	—
45	OLD MISSION CAPITAL LLC	125,210125,210	$6M	—	TRIM -57%
46	Empirical Financial Services, LLC d.b.a. Empirical Wealth Management	125,189125,189	$6M	—	—
47	Empowered Funds, LLC	124,826124,826	$6M	—	NEW
48	Equitable Holdings, Inc.	132,104132,104	$6M	—	ADD 11%
49	Meramec Financial Planners, LLC	106,014106,014	$6M	—	TRIM -11%
50	Orion Porfolio Solutions, LLC	97,42797,427	$5M	—	—
51	Stonebridge Wealth Management, LLC	95,61095,610	$5M	—	TRIM -3%
52	Old Port Advisors	91,99091,990	$5M	—	ADD 26%
53	FIFTH THIRD BANCORP	89,76589,765	$4M	—	NEW
54	Focus Partners Wealth	87,11287,112	$4M	—	TRIM -20%
55	Steward Partners Investment Advisory, LLC	83,49483,494	$4M	—	ADD 2%
56	Investors Research Corp	81,74581,745	$4M	—	ADD 12%
57	Koshinski Asset Management, Inc.	74,69874,698	$4M	—	ADD 8%
58	Regal Investment Advisors LLC	74,55474,554	$4M	—	TRIM -5%
59	Waverly Advisors, LLC	73,74173,741	$4M	—	—
60	OSAIC HOLDINGS, INC.	73,53173,531	$4M	—	TRIM -16%
61	Composition Wealth, LLC	72,50872,508	$4M	—	TRIM -52%
62	CAPTRUST FINANCIAL ADVISORS	72,07772,077	$4M	—	—
63	Endowment Wealth Management, Inc.	70,10770,107	$3M	—	ADD 4%
64	Vestmark Advisory Solutions, Inc.	67,94167,941	$3M	—	ADD 6%
65	Capital Analysts, LLC	64,85964,859	$3M	—	TRIM -73%
66	Beacon Pointe Advisors, LLC	64,73664,736	$3M	—	TRIM -34%
67	Corient Private Wealth LLC	63,81563,815	$3M	—	TRIM -47%
68	Moran Wealth Management, LLC	62,89062,890	$3M	—	ADD 52%
69	Freedom Day Solutions, LLC	62,23462,234	$3M	—	ADD 165%
70	J.W. COLE ADVISORS, INC.	62,00562,005	$3M	—	ADD 10%
71	Good Harbor Advisors, Inc.	60,78760,787	$3M	—	ADD 39%
72	Summit Global Investments	58,16958,169	$3M	—	TRIM -14%
73	Axis Wealth Partners, LLC	58,02558,025	$3M	—	ADD 2%
74	Apeiron RIA LLC	55,65055,650	$3M	—	TRIM -8%
75	HighTower Advisors, LLC	53,85353,853	$3M	—	ADD 3%
76	Qube Research & Technologies Ltd	53,35553,355	$3M	—	ADD 51%
77	Sanctuary Advisors, LLC	52,69352,693	$3M	—	TRIM -11%
78	FMR LLC	49,92749,927	$2M	—	TRIM -2%
79	MML INVESTORS SERVICES, LLC	49,57849,578	$2M	—	TRIM -44%
80	GFS Advisors, LLC	199,580199,580	$2M	—	ADD 323%
81	Advisory Services Network, LLC	46,13246,132	$2M	—	—
82	VIEWPOINT INVESTMENT PARTNERS CORP	61,45061,450	$2M	—	ADD 36%
83	Dynamic Advisor Solutions LLC	44,16844,168	$2M	—	ADD 3%
84	ROTHSCHILD INVESTMENT LLC	43,40143,401	$2M	—	ADD 62%
85	FFG RETIREMENT ADVISORS LLC	42,11542,115	$2M	—	ADD 4%
86	MOODY NATIONAL BANK TRUST DIVISION	39,74739,747	$2M	—	—
87	CITIGROUP INC	39,55239,552	$2M	—	TRIM -7%
88	IFP Advisors, Inc	39,17939,179	$2M	—	ADD 22%
89	EVOLVE PRIVATE WEALTH, LLC	38,66938,669	$2M	—	—
90	WealthPlan Investment Management, LLC	38,20038,200	$2M	—	ADD 11%
91	GREENLEAF TRUST	36,92036,920	$2M	—	TRIM -6%
92	Canandaigua National Trust Co of Florida	36,66936,669	$2M	—	TRIM -4%
93	Rathbones Group PLC	35,86835,868	$2M	—	ADD 74%
94	BANK OF MONTREAL /CAN/	35,82635,826	$2M	—	—
95	CX Institutional	35,19035,190	$2M	—	TRIM -6%
96	Collaborative Wealth Managment Inc.	35,13935,139	$2M	—	ADD 38%
97	NewSquare Capital LLC	34,80934,809	$2M	—	ADD 4%
98	RHUMBLINE ADVISERS	34,76734,767	$2M	—	—
99	First City Capital Management, Inc.	33,73933,739	$2M	—	ADD 2%
100	Independent Advisor Alliance	32,06932,069	$2M	—	ADD 30%

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 trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

MORGAN STANLEY

7.4M

8.0M

8.1M

8.4M

8.9M

9.9M

$490M

BANK OF AMERICA CORP /DE/

5.5M

5.7M

5.6M

5.7M

5.9M

7.1M

$353M

WELLS FARGO & COMPANY/MN

3.1M

3.0M

2.9M

3.0M

3.2M

$160M

LPL Financial LLC

2.1M

2.5M

2.6M

2.3M

2.2M

$111M

Creative Planning

2.2M

2.1M

2.2M

$108M

UBS Group AG

1.8M

1.9M

2.0M

$98M

Kestra Investment Management, LLC

1.1M

4.2M

3.3M

1.2M

1.9M

$95M

AMERIPRISE FINANCIAL INC

2.7M

2.4M

2.3M

2.4M

2.2M

1.8M

$90M

ENVESTNET ASSET MANAGEMENT INC

1.5M

1.6M

1.3M

1.1M

1.4M

$68M

MERCER GLOBAL ADVISORS INC /ADV

466K

494K

536K

660K

751K

791K

$39M

RAYMOND JAMES FINANCIAL INC

527K

538K

592K

628K

719K

716K

$36M

ROYAL BANK OF CANADA

783K

588K

1.2M

624K

663K

695K

$35M

CWM, LLC

667K

669K

653K

659K

668K

$33M

JPMORGAN CHASE & CO

651K

593K

619K

1.3M

675K

651K

$32M

COMMONWEALTH EQUITY SERVICES, LLC

680K

702K

721K

659K

616K

609K

$30M

Institutional footprint by quarter

Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	348	48,869,702	—	$2.4B
2025-Q4	351	47,209,687	—	$2.2B
2025-Q3	319	47,381,719	—	$2.2B
2025-Q2	324	47,354,672	—	$2.1B
2025-Q1	304	46,475,056	—	$1.9B
2024-Q4	316	43,278,728

Short interest has its own tab now — open SI →

DEM☆

Institutional ownership· 13F filers holding DEM · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Institutional ownership· 13F filers holding DEM · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

DEM