% of shares outstanding is not shown for DVLU: 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 DVLU 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 | Virtus Wealth Solutions LLC | 299,049299,049 | $10M | — | — |
| 2 | OSAIC HOLDINGS, INC. | 182,357182,357 | $6M | — | ADD 4% |
| 3 | RAYMOND JAMES FINANCIAL INC | 115,413115,413 | $4M | — | NEW |
| 4 | LPL Financial LLC | 63,33163,331 | $2M | — | ADD 9% |
| 5 | CITADEL ADVISORS LLC | 43,55743,557 | $1M | — | ADD 54% |
| 6 | GOLDMAN SACHS GROUP INC | 39,42639,426 | $1M | — | — |
| 7 | Cetera Investment Advisers | 31,18331,183 | $1M | — | ADD 14% |
| 8 | Cambridge Investment Research Advisors, Inc. | 26,68426,684 | $913,000 | — | ADD 4% |
| 9 | Private Advisory Group LLC | 25,19625,196 | $861,869 | — | TRIM -15% |
| 10 | COMMONWEALTH EQUITY SERVICES, LLC | 14,82814,828 | $507,203 | — | TRIM -7% |
| 11 | Accel Wealth Management | 13,40313,403 | $458,488 | — | TRIM -4% |
| 12 | Janney Montgomery Scott LLC | 9,8899,889 | $338,000 | — | ADD 4% |
| 13 | Clear Creek Financial Management, LLC | 7,1007,100 | $242,867 | — | NEW |
| 14 | Farther Finance Advisors, LLC | 4,5934,593 | $159,877 | — | TRIM -43% |
| 15 | Sound Income Strategies, LLC | 632632 | $22,000 | — | — |
| 16 | HARBOUR INVESTMENTS, INC. | 531531 | $18,164 | — | TRIM -74% |
| 17 | Spire Wealth Management | 500500 | $17,103 | — | NEW |
| 18 | Western Wealth Management, LLC | 110110 | $3,762 | — | NEW |
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 |
|---|---|---|---|---|---|---|---|
| Virtus Wealth Solutions LLC | 326K | 323K | 319K | 309K | 298K | 299K | $10M |
| OSAIC HOLDINGS, INC. | — | — | — | 158K | 176K | 182K | $6M |
| RAYMOND JAMES FINANCIAL INC | — | — | 1K | — | — | 115K | $4M |
| LPL Financial LLC | 50K | 49K | 47K | 42K | 58K | 63K | $2M |
| CITADEL ADVISORS LLC | 27K | 22K | 21K | 14K | 28K | 44K | $1M |
| GOLDMAN SACHS GROUP INC | 39K | 39K | 39K | 40K | 40K | 39K | $1M |
| Cetera Investment Advisers | 22K | 26K | 27K | 27K | 27K | 31K | $1M |
| Cambridge Investment Research Advisors, Inc. | 15K | 15K | 14K | 25K | 26K | 27K | $913,000 |
| Private Advisory Group LLC | 44K | 43K | 28K | 31K | 30K | 25K | $861,869 |
| COMMONWEALTH EQUITY SERVICES, LLC | 214K | 212K | 210K | 8K | 16K | 15K | $507,203 |
| Accel Wealth Management | 15K | 14K | 14K | 14K | 14K | 13K | $458,488 |
| Janney Montgomery Scott LLC | 12K | 11K | 10K | 10K | 10K | 10K | $338,000 |
| Clear Creek Financial Management, LLC | — | — | — | — | — | 7K | $242,867 |
| Farther Finance Advisors, LLC | 237 | 26K | 22K | 11K | 8K | 5K | $159,877 |
| Sound Income Strategies, LLC | — | — | — | — | 632 | 632 | $22,000 |
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 | |
|---|---|---|---|
| RAYMOND JAMES FINANCIAL INC | +115,413 | $4M | OPEN |
| CITADEL ADVISORS LLC | +15,212 | $520,574 | ADD |
| Clear Creek Financial Management, LLC | +7,100 | $242,971 | OPEN |
| OSAIC HOLDINGS, INC. | +6,709 | $229,591 | ADD |
| LPL Financial LLC | +4,977 | $170,319 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Equitable Holdings, Inc. | −8,824 | $301,969 | CLOSE |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | −6,867 | $234,998 | CLOSE |
| Private Advisory Group LLC | −4,475 | $153,140 | TRIM |
| Farther Finance Advisors, LLC | −3,450 | $118,063 | TRIM |
| HARBOUR INVESTMENTS, INC. | −1,494 | $51,127 | 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 | 18 | 877,782 | — | $30M |
| 2025-Q4 | 19 | 748,788 | — | $27M |
| 2025-Q3 | 17 | 743,499 | — | $25M |
| 2025-Q2 | 17 | 794,674 | — | $24M |
| 2025-Q1 | 16 | 797,508 | — | $23M |
| 2024-Q4 | 17 | 784,014 | — | $23M |
| 2024-Q3 | 16 | 542,404 | — | $17M |
| 2024-Q2 | 14 | 904,459 | — | $25M |
| 2024-Q1 | 12 | 686,010 | — | $21M |
| 2023-Q4 | 11 | 797,290 | — | $21M |
| 2023-Q3 | 10 | 764,201 | — | $17M |
| 2023-Q2 | 12 | 761,479 | — | $18M |
| 2023-Q1 | 14 | 742,917 | — | $16M |
| 2022-Q4 | 12 | 761,188 | — | $17M |
| 2022-Q3 | 11 | 725,222 | — | $15M |
| 2022-Q2 | 13 | 774,056 | — | $17M |
| 2022-Q1 | 17 | 914,448 | — | $23M |
| 2021-Q4 | 17 | 838,348 | — | $21M |
| 2021-Q3 | 20 | 936,844 | — | $22M |
| 2021-Q2 | 22 | 1,090,366 | — | $26M |
| 2021-Q1 | 15 | 803,973 | — | $18M |
| 2020-Q4 | 8 | 846,868 | — | $15M |
| 2020-Q3 | 8 | 828,477 | — | $13M |
| 2020-Q2 | 10 | 934,247 | — | $13M |
| 2020-Q1 | 11 | 914,546 | — | $11M |
| 2019-Q4 | 13 | 976,535 | — | $19M |
| 2019-Q3 | 9 | 846,136 | — | $16M |
| 2019-Q2 | 7 | 874,732 | — | $16M |
| 2019-Q1 | 8 | 822,527 | — | $15M |
| 2018-Q4 | 5 | 698,441 | — | $11M |
| 2018-Q3 | 4 | 599,124 | — | $12M |
