% of shares outstanding is not shown for DFAT: 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 DFAT 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 |
|---|---|---|---|---|---|---|---|
| Creative Planning | 14.1M | 13.9M | 14.1M | 13.9M | 13.7M | 13.5M | $844M |
| Focus Partners Wealth | 24.4M | 13.0M | 12.8M | 13.2M | 13.3M | 13.1M | $822M |
| Forum Financial Management, LP | 8.9M | 8.9M | 9.4M | 9.8M | 10.2M | 10.3M | $646M |
| Index Fund Advisors, Inc. | 7.2M | 6.3M | 6.2M | 6.5M | 6.4M | 6.4M | $399M |
| Focus Partners Advisor Solutions, LLC | 4.8M | 4.9M | 4.9M | 4.4M | 5.3M | 5.7M | $357M |
| Pure Financial Advisors, LLC | 4.0M | 4.3M | 4.6M | 5.0M | 5.3M | 5.5M | $345M |
| Savant Capital, LLC | 5.1M | 4.9M | 4.8M | 4.8M | 4.8M | 4.8M | $299M |
| EP Wealth Advisors, LLC | 2.2M | 3.0M | 3.3M | — | 4.2M | 4.3M | $269M |
| JACKSON THORNTON WEALTH MANAGEMENT, LLC | 3.0M | 2.9M | 2.9M | 2.8M | 2.8M | 2.8M | $184M |
| Corient Private Wealth LLC | 2.8M | 2.9M | 2.3M | 883K | 5.4M | 2.6M | $165M |
| Asset Dedication, LLC | 2.3M | 2.3M | 2.4M | 2.5M | 2.6M | 2.5M | $159M |
| Apella Capital, LLC | 1.7M | 1.6M | 1.7M | 1.7M | 1.6M | 2.1M | $141M |
| RAYMOND JAMES FINANCIAL INC | 1.2M | 1.4M | 1.6M | 1.7M | 1.8M | 2.0M | $128M |
| HighTower Advisors, LLC | 2.0M | 2.0M | 1.9M | 1.9M | 1.8M | 1.8M | $112M |
| Trust Co of the South | 1.8M | 1.8M | 1.8M | 1.8M | 1.8M | 1.8M | $112M |
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 | |
|---|---|---|---|
| RW Investment Management LLC | +762,703 | $48M | OPEN |
| Apella Capital, LLC | +483,687 | $30M | ADD |
| Focus Partners Advisor Solutions, LLC | +421,317 | $26M | ADD |
| Elser Financial Planning, Inc | +369,253 | $23M | OPEN |
| RAYMOND JAMES FINANCIAL INC | +269,872 | $17M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Corient Private Wealth LLC | −2,797,235 | $175M | TRIM |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | −934,455 | $58M | TRIM |
| Henrickson Nauta Wealth Advisors, Inc. | −338,051 | $21M | TRIM |
| McMill Wealth Management | −279,357 | $17M | CLOSE |
| TWO SIGMA INVESTMENTS, LP | −244,100 | $15M | CLOSE |
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 | 810 | 166,140,562 | — | $10.4B |
| 2025-Q4 | 788 | 167,117,919 | — | $10.0B |
| 2025-Q3 | 728 | 152,009,042 | — | $8.8B |
| 2025-Q2 | 715 | 157,474,853 | — | $8.5B |
| 2025-Q1 | 713 | 154,822,258 | — | $8.0B |
| 2024-Q4 | 708 | 167,457,650 | — | $9.3B |
| 2024-Q3 | 631 | 145,810,927 | — | $8.1B |
| 2024-Q2 | 616 | 146,025,228 | — | $7.6B |
| 2024-Q1 | 597 | 143,196,481 | — | $7.8B |
| 2023-Q4 | 596 | 141,524,629 | — | $7.4B |
| 2023-Q3 | 509 | 138,065,890 | — | $6.3B |
| 2023-Q2 | 505 | 127,847,693 | — | $5.9B |
| 2023-Q1 | 486 | 120,914,549 | — | $6.8B |
| 2022-Q4 | 473 | 122,239,147 | — | $5.4B |
| 2022-Q3 | 405 | 112,846,592 | — | $4.4B |
| 2022-Q2 | 398 | 106,259,194 | — | $4.3B |
| 2022-Q1 | 340 | 98,655,514 | — | $4.6B |
| 2021-Q4 | 365 | 93,914,247 | — | $4.4B |
| 2021-Q3 | 272 | 61,120,522 | — | $2.7B |
| 2021-Q2 | 243 | 54,690,401 | — | $2.4B |
| 2021-Q1 | 1 | 7,542 | — | $338,000 |
| 2020-Q4 | 1 | 7,542 | — | $338,000 |
| 2020-Q3 | 1 | 7,542 | — | $338,000 |
| 2020-Q2 | 1 | 7,542 | — | $338,000 |
| 2020-Q1 | 1 | 7,542 | — | $338,000 |
| 2019-Q4 | 1 | 7,542 | — | $338,000 |
| 2019-Q3 | 1 | 7,542 | — | $338,000 |
| 2019-Q2 | 1 | 7,542 | — | $338,000 |
| 2019-Q1 | 1 | 7,542 | — | $338,000 |
