% of shares outstanding is not shown for DES: 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 DES in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
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 |
|---|---|---|---|---|---|---|---|
| MORGAN STANLEY | 2.5M | 2.4M | 2.6M | 2.6M | 2.7M | 2.8M | $99M |
| BANK OF AMERICA CORP /DE/ | 2.2M | 1.9M | 2.3M | 2.4M | 2.4M | 2.5M | $88M |
| LPL Financial LLC | 2.2M | 1.6M | 1.7M | 1.6M | 1.5M | 1.4M | $51M |
| UBS Group AG | 1.7M | 1.7M | 1.7M | 1.6M | 1.5M | 1.4M | $50M |
| Creative Planning | 1.5M | 1.4M | 1.4M | 1.4M | 1.4M | 1.3M | $48M |
| M&T Bank Corp | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | 1.0M | $37M |
| MERCER GLOBAL ADVISORS INC /ADV | 538K | 594K | 590K | 846K | 916K | 850K | $31M |
| WELLS FARGO & COMPANY/MN | 867K | 638K | 589K | 597K | 729K | 811K | $29M |
| JONES FINANCIAL COMPANIES LLLP | 249K | 372K | 665K | 615K | 681K | 762K | $27M |
| RAYMOND JAMES FINANCIAL INC | 971K | 966K | 941K | 830K | 776K | 748K | $27M |
| KEYBANK NATIONAL ASSOCIATION/OH | 685K | 687K | 711K | 708K | 711K | 718K | $26M |
| ROYAL BANK OF CANADA | 853K | 959K | 1.6M | 777K | 764K | 682K | $24M |
| AMERIPRISE FINANCIAL INC | 827K | 627K | 577K | 504K | 408K | 418K | $15M |
| Valmark Advisers, Inc. | 265K | 303K | 323K | 329K | 333K | 349K | $13M |
| Destination Wealth Management | 312K | 309K | 325K | 331K | 332K | 329K | $12M |
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 | |
|---|---|---|---|
| TWO SIGMA INVESTMENTS, LP | +130,300 | $5M | OPEN |
| WELLS FARGO & COMPANY/MN | +82,053 | $3M | ADD |
| JONES FINANCIAL COMPANIES LLLP | +80,943 | $3M | ADD |
| VESTOR CAPITAL, LLC | +75,321 | $3M | OPEN |
| Dickmeyer Boyce Financial Management, Inc. | +74,016 | $3M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| UBS Group AG | −101,194 | $4M | TRIM |
| ROYAL BANK OF CANADA | −82,384 | $3M | TRIM |
| LPL Financial LLC | −80,661 | $3M | TRIM |
| Farmers National Bank | −74,707 | $3M | CLOSE |
| Corient Private Wealth LLC | −70,801 | $3M | 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 | 349 | 27,474,561 | — | $987M |
| 2025-Q4 | 339 | 27,279,585 | — | $913M |
| 2025-Q3 | 324 | 27,853,480 | — | $939M |
| 2025-Q2 | 323 | 28,797,099 | — | $915M |
| 2025-Q1 | 324 | 27,457,017 | — | $877M |
| 2024-Q4 | 332 | 28,879,813 | — | $992M |
| 2024-Q3 | 321 | 27,814,464 | — | $959M |
| 2024-Q2 | 325 | 27,849,237 | — | $859M |
| 2024-Q1 | 320 | 33,085,862 | — | $1.1B |
| 2023-Q4 | 310 | 30,458,924 | — | $979M |
| 2023-Q3 | 294 | 27,995,467 | — | $789M |
| 2023-Q2 | 296 | 29,650,979 | — | $823M |
| 2023-Q1 | 295 | 29,247,880 | — | $835M |
| 2022-Q4 | 294 | 28,595,243 | — | $812M |
| 2022-Q3 | 285 | 27,407,526 | — | $705M |
| 2022-Q2 | 295 | 27,639,656 | — | $782M |
| 2022-Q1 | 294 | 26,189,183 | — | $829M |
| 2021-Q4 | 298 | 25,726,624 | — | $845M |
| 2021-Q3 | 277 | 24,459,863 | — | $755M |
| 2021-Q2 | 274 | 24,857,800 | — | $792M |
| 2021-Q1 | 275 | 25,674,026 | — | $800M |
| 2020-Q4 | 266 | 25,288,060 | — | $673M |
| 2020-Q3 | 241 | 26,115,907 | — | $550M |
| 2020-Q2 | 243 | 26,993,292 | — | $572M |
| 2020-Q1 | 264 | 29,314,456 | — | $529M |
| 2019-Q4 | 293 | 30,036,136 | — | $861M |
| 2019-Q3 | 246 | 28,633,390 | — | $785M |
| 2019-Q2 | 246 | 28,916,254 | — | $784M |
| 2019-Q1 | 251 | 28,453,653 | — | $786M |
| 2018-Q4 | 244 | 26,601,392 | — | $653M |
| 2018-Q3 | 237 | 27,710,671 | — | $817M |
| 2018-Q2 | 235 | 27,168,725 | — | $777M |
| 2018-Q1 | 233 | 26,141,167 | — | $724M |
| 2017-Q4 | 225 | 26,340,714 | — | $766M |
| 2017-Q3 | 189 | 8,516,825 | — | $715M |
| 2017-Q2 | 195 | 8,677,404 | — | $699M |
| 2017-Q1 | 189 | 9,719,275 | — | $783M |
| 2016-Q4 | 175 | 10,002,322 | — | $827M |
| 2016-Q3 | 154 | 7,870,212 | — | $590M |
| 2016-Q2 | 146 | 6,982,921 | — | $501M |
| 2016-Q1 | 142 | 6,606,102 | — | $451M |
| 2015-Q4 | 146 | 6,771,819 | — | $438M |
| 2015-Q3 | 133 | 6,593,198 | — | $416M |
| 2015-Q2 | 132 | 6,381,558 | — | $449M |
| 2015-Q1 | 133 | 6,735,553 | — | $489M |
| 2014-Q4 | 130 | 5,735,540 | — | $415M |
| 2014-Q3 | 118 | 5,304,963 | — | $348M |
| 2014-Q2 | 113 | 5,494,474 | — | $385M |
| 2014-Q1 | 115 | 5,456,752 | — | $372M |
| 2013-Q4 | 109 | 5,581,687 | — | $378M |
| 2013-Q3 | 87 | 5,250,433 | — | $329M |
| 2013-Q2 | 77 | 4,748,741 | — | $277M |
| 2013-Q1 | 4 | 36,783 | — | $2M |
