% of shares outstanding is not shown for DFAI: 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 DFAI 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 | ENVESTNET ASSET MANAGEMENT INC | 25,959,91526.0M | $1.0B | — | ADD 159% |
| 2 | First Command Advisory Services, Inc. | 14,912,68814.9M | $581M | — | NEW |
| 3 | PRUDENTIAL FINANCIAL INC | 11,259,60211.3M | $439M | — | TRIM -23% |
| 4 | COLDSTREAM CAPITAL MANAGEMENT INC | 11,155,94811.2M | $435M | — | — |
| 5 | &PARTNERS | 9,105,1729.1M | $355M | — | ADD 9% |
| 6 | BANK OF AMERICA CORP /DE/ | 8,894,9198.9M | $347M | — | ADD 3% |
| 7 | NORTHERN TRUST CORP | 6,875,1756.9M | $268M | — | ADD 11% |
| 8 | SYM FINANCIAL Corp | 6,518,4686.5M | $254M | — | — |
| 9 | ROYAL BANK OF CANADA | 5,900,1235.9M | $230M | — | ADD 13% |
| 10 | Mariner, LLC | 4,279,7244.3M | $167M | — | ADD 11% |
| 11 | UBS Group AG | 4,194,9474.2M | $163M | — | ADD 5% |
| 12 | Root Financial Partners, LLC | 4,167,0294.2M | $162M | — | ADD 5% |
| 13 | LPL Financial LLC | 4,013,5814.0M | $156M | — | ADD 21% |
| 14 | Annex Advisory Services, LLC | 3,912,2603.9M | $152M | — | NEW |
| 15 | Moisand Fitzgerald Tamayo, LLC | 3,599,3223.6M | $140M | — | — |
| 16 | McKinley Carter Wealth Services, Inc. | 3,484,7183.5M | $136M | — | ADD 322% |
| 17 | Vise Technologies, Inc. | 3,408,2993.4M | $130M | — | — |
| 18 | Corient Private Wealth LLC | 3,219,0283.2M | $125M | — | TRIM -51% |
| 19 | One Capital Management, LLC | 2,955,3533.0M | $115M | — | ADD 5% |
| 20 | Pure Financial Advisors, LLC | 2,945,8422.9M | $115M | — | — |
| 21 | EVOKE WEALTH, LLC | 2,935,0912.9M | $114M | — | ADD 9% |
| 22 | LVZ, Inc. | 2,896,4212.9M | $113M | — | ADD 55% |
| 23 | OneDigital Investment Advisors LLC | 2,741,5472.7M | $107M | — | — |
| 24 | Sequoia Financial Advisors, LLC | 2,715,1792.7M | $106M | — | ADD 2% |
| 25 | Clearstead Advisors, LLC | 2,714,7342.7M | $106M | — | ADD 2% |
| 26 | FIRST NATIONAL BANK OF OMAHA | 2,536,4332.5M | $99M | — | ADD 28% |
| 27 | HighTower Advisors, LLC | 2,514,1442.5M | $98M | — | — |
| 28 | MERCER GLOBAL ADVISORS INC /ADV | 2,390,1172.4M | $93M | — | ADD 103% |
| 29 | COMMONWEALTH EQUITY SERVICES, LLC | 2,349,1542.3M | $92M | — | ADD 34% |
| 30 | Klaas Financial Asset Advisors, LLC | 2,305,2832.3M | $90M | — | ADD 11436% |
| 31 | Cetera Investment Advisers | 2,290,0752.3M | $89M | — | ADD 9% |
| 32 | Focus Partners Wealth | 2,275,7702.3M | $89M | — | — |
| 33 | MASECO LLP | 2,267,3852.3M | $88M | — | ADD 10% |
| 34 | Focus Partners Advisor Solutions, LLC | 2,223,2122.2M | $87M | — | ADD 25% |
| 35 | Marquette Asset Management, LLC | 2,216,1372.2M | $86M | — | — |
| 36 | Beacon Pointe Advisors, LLC | 2,149,1132.1M | $84M | — | ADD 9% |
| 37 | Wealthspire Advisors, LLC | 1,991,2102.0M | $78M | — | TRIM -3% |
| 38 | RAM Investment Partners, LLC | 1,909,7281.9M | $74M | — | ADD 3% |
| 39 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 1,882,8521.9M | $73M | — | ADD 9% |
| 40 | Zhang Financial LLC | 1,843,6541.8M | $72M | — | — |
| 41 | EP Wealth Advisors, LLC | 1,832,0341.8M | $71M | — | TRIM -4% |
| 42 | Berman McAleer LLC | 1,830,0091.8M | $71M | — | — |
| 43 | Kestra Investment Management, LLC | 1,806,1761.8M | $70M | — | ADD 65% |
| 44 | Financial Management Professionals, Inc. | 1,694,5691.7M | $66M | — | — |
| 45 | BRIGHTON JONES LLC | 1,584,4831.6M | $62M | — | ADD 7% |
| 46 | Apollon Wealth Management, LLC | 1,555,0061.6M | $61M | — | ADD 9% |
| 47 | Bedel Financial Consulting, Inc. | 1,528,0441.5M | $60M | — | ADD 5% |
| 48 | Bridgewater Advisors Inc. | 1,414,5821.4M | $59M | — | ADD 7% |
| 49 | First National Advisers, LLC | 1,460,4591.5M | $57M | — | ADD 15% |
| 50 | RVW Wealth, LLC | 1,456,4881.5M | $57M | — | TRIM -3% |
| 51 | WNY Asset Management, LLC | 1,442,9971.4M | $56M | — | NEW |
| 52 | Wealth Dimensions Group, Ltd. | 1,422,6911.4M | $55M | — | ADD 4% |
| 53 | Pioneer Wealth Management Group | 1,420,8041.4M | $55M | — | ADD 8% |
| 54 | McIlrath & Eck, LLC | 1,393,2011.4M | $54M | — | — |
| 55 | Cerity Partners LLC | 1,275,9941.3M | $50M | — | ADD 92% |
| 56 | HARBOUR INVESTMENTS, INC. | 1,274,6631.3M | $50M | — | ADD 13938% |
| 57 | Savant Capital, LLC | 1,264,3421.3M | $49M | — | ADD 20% |
| 58 | Great Point Wealth Advisors, LLC | 1,226,4411.2M | $48M | — | — |
| 59 | Aquire Wealth Advisors, LLC | 1,219,7561.2M | $48M | — | — |
| 60 | RAYMOND JAMES FINANCIAL INC | 1,209,6531.2M | $47M | — | ADD 49% |
| 61 | Apella Capital, LLC | 1,113,5611.1M | $46M | — | ADD 444% |
| 62 | MAI Capital Management | 1,191,9361.2M | $46M | — | ADD 13% |
| 63 | OSAIC HOLDINGS, INC. | 1,173,2131.2M | $46M | — | ADD 14% |
| 64 | Private Advisor Group, LLC | 1,155,4511.2M | $45M | — | ADD 4% |
| 65 | MATHER GROUP, LLC. | 1,154,4841.2M | $45M | — | ADD 7% |
| 66 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 1,112,8951.1M | $44M | — | TRIM -42% |
| 67 | Stadion Money Management, LLC | 1,104,0321.1M | $43M | — | ADD 28% |
| 68 | Spinnaker Investment Group, LLC | 1,089,6891.1M | $42M | — | TRIM -8% |
| 69 | HighPoint Advisor Group LLC | 1,044,5761.0M | $41M | — | ADD 7% |
| 70 | Arista Wealth Management, LLC | 1,044,0521.0M | $41M | — | TRIM -4% |
| 71 | Prudent Man Investment Management, Inc. | 1,055,5341.1M | $40M | — | — |
| 72 | Everhart Financial Group, Inc. | 1,031,8921.0M | $40M | — | ADD 22% |
| 73 | JFS WEALTH ADVISORS, LLC | 1,013,4381.0M | $39M | — | — |
| 74 | Chico Wealth RIA | 1,001,6161.0M | $39M | — | ADD 3% |
| 75 | Perigon Wealth Management, LLC | 999,431999,431 | $39M | — | ADD 5% |
| 76 | Baird Financial Group, Inc. | 970,233970,233 | $38M | — | ADD 23% |
| 77 | EARNED WEALTH ADVISORS, LLC | 968,520968,520 | $38M | — | ADD 9% |
| 78 | Smartleaf Asset Management LLC | 975,380975,380 | $37M | — | ADD 9% |
| 79 | SAX WEALTH ADVISORS, LLC | 957,467957,467 | $36M | — | — |
| 80 | SC&H Financial Advisors, Inc. | 932,172932,172 | $36M | — | ADD 4% |
| 81 | Annandale Capital, LLC | 917,085917,085 | $36M | — | TRIM -4% |
| 82 | MISSION WEALTH MANAGEMENT, LP | 916,983916,983 | $36M | — | ADD 4% |
| 83 | Crusonia Wealth Advisors LLC | 887,494887,494 | $35M | — | ADD 10% |
| 84 | Pallas Capital Advisors LLC | 860,187860,187 | $34M | — | TRIM -9% |
| 85 | Consilium Wealth Advisory, LLC | 858,597858,597 | $33M | — | ADD 34% |
| 86 | LRI Investments, LLC | 844,333844,333 | $33M | — | — |
| 87 | Amicus Financial Advisors, LLC | 841,797841,797 | $33M | — | — |
| 88 | Financial Alternatives, Inc | 829,923829,923 | $32M | — | ADD 67% |
| 89 | Trinity Financial Advisors LLC | 825,547825,547 | $32M | — | ADD 586% |
| 90 | MML INVESTORS SERVICES, LLC | 824,320824,320 | $32M | — | TRIM -3% |
| 91 | Monument Group Wealth Advisors, LLC | 812,122812,122 | $32M | — | — |
| 92 | Aptus Capital Advisors, LLC | 793,779793,779 | $31M | — | — |
| 93 | Valued Wealth Advisors LLC | 790,903790,903 | $31M | — | ADD 3% |
| 94 | Joseph Group Capital Management | 786,242786,242 | $31M | — | — |
| 95 | Allworth Financial LP | 778,415778,415 | $30M | — | ADD 9% |
| 96 | World Investment Advisors | 766,554766,554 | $30M | — | ADD 7% |
| 97 | Physician Wealth Advisors, Inc. | 763,480763,480 | $30M | — | — |
| 98 | Keyes, Stange & Wooten Wealth Management, LLC | 759,578759,578 | $30M | — | ADD 4% |
| 99 | Betterment LLC | 757,158757,158 | $29M | — | TRIM -7% |
| 100 | Pathstone Holdings, LLC | 755,946755,946 | $29M | — | — |
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 |
|---|---|---|---|---|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC | 6.0M | 7.4M | 9.2M | 10.0M | 10.0M | 26.0M | $1.0B |
| First Command Advisory Services, Inc. | — | — | — | — | — | 14.9M | $581M |
| PRUDENTIAL FINANCIAL INC | — | 18.8M | 16.1M | 16.1M | 14.7M | 11.3M | $439M |
| COLDSTREAM CAPITAL MANAGEMENT INC | — | — | 5.8M | 11.1M | 11.0M | 11.2M | $435M |
| &PARTNERS | 4.1M | 5.7M | 7.2M | 8.0M | 8.4M | 9.1M | $355M |
| BANK OF AMERICA CORP /DE/ | 6.0M | 7.0M | 7.6M | 8.2M | 8.6M | 8.9M | $347M |
| NORTHERN TRUST CORP | 3.9M | 4.9M | 5.6M | 5.7M | 6.2M | 6.9M | $268M |
| SYM FINANCIAL Corp | 6.6M | 6.7M | 6.6M | 6.7M | 6.6M | 6.5M | $254M |
| ROYAL BANK OF CANADA | 3.6M | 3.9M | 9.3M | 4.8M | 5.2M | 5.9M | $230M |
| Mariner, LLC | 2.4M | 2.9M | 3.2M | 3.5M | 3.9M | 4.3M | $167M |
| UBS Group AG | 3.2M | 3.2M | 3.3M | 3.9M | 4.0M | 4.2M | $163M |
| Root Financial Partners, LLC | 3.1M | 3.3M | 2.8M | 3.8M | 4.0M | 4.2M | $162M |
| LPL Financial LLC | 760K | 1.4M | 2.1M | 3.0M | 3.3M | 4.0M | $156M |
| Annex Advisory Services, LLC | — | — | — | — | — | 3.9M | $152M |
| Moisand Fitzgerald Tamayo, LLC | 3.6M | 3.7M | 3.6M | 3.6M | 3.6M | 3.6M | $140M |
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 | |
|---|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC | +15,930,985 | $621M | ADD |
| First Command Advisory Services, Inc. | +14,912,688 | $581M | OPEN |
| Annex Advisory Services, LLC | +3,912,260 | $152M | OPEN |
| McKinley Carter Wealth Services, Inc. | +2,659,836 | $104M | ADD |
| Klaas Financial Asset Advisors, LLC | +2,285,299 | $89M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| PRUDENTIAL FINANCIAL INC | −3,435,987 | $134M | TRIM |
| Corient Private Wealth LLC | −3,417,274 | $133M | TRIM |
| JANE STREET GROUP, LLC | −1,685,187 | $66M | TRIM |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | −812,940 | $32M | TRIM |
| NewEdge Advisors, LLC | −375,618 | $15M | 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 | 786 | 335,490,533 | — | $13.1B |
| 2025-Q4 | 738 | 284,421,693 | — | $10.8B |
| 2025-Q3 | 656 | 261,701,729 | — | $9.5B |
| 2025-Q2 | 635 | 240,631,356 | — | $8.3B |
| 2025-Q1 | 605 | 222,553,862 | — | $7.0B |
| 2024-Q4 | 577 | 219,114,522 | — | $6.4B |
| 2024-Q3 | 512 | 170,331,587 | — | $5.4B |
| 2024-Q2 | 499 | 152,775,962 | — | $4.5B |
| 2024-Q1 | 474 | 132,411,561 | — | $4.0B |
| 2023-Q4 | 454 | 119,046,167 | — | $3.4B |
| 2023-Q3 | 384 | 104,354,157 | — | $2.7B |
| 2023-Q2 | 360 | 93,881,537 | — | $2.6B |
| 2023-Q1 | 356 | 85,159,446 | — | $2.2B |
| 2022-Q4 | 322 | 68,677,074 | — | $1.7B |
| 2022-Q3 | 249 | 46,908,056 | — | $1.0B |
| 2022-Q2 | 236 | 34,277,083 | — | $821M |
| 2022-Q1 | 213 | 26,061,506 | — | $726M |
| 2021-Q4 | 181 | 18,266,122 | — | $540M |
| 2021-Q3 | 109 | 7,661,221 | — | $219M |
| 2021-Q2 | 84 | 5,824,386 | — | $169M |
| 2021-Q1 | 56 | 4,050,130 | — | $113M |
| 2020-Q4 | 28 | 1,622,212 | — | $43M |
