% of shares outstanding is not shown for DVOL: 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 DVOL 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 | Csenge Advisory Group | 680,567680,567 | $24M | — | ADD 20% |
| 2 | RAYMOND JAMES FINANCIAL INC | 146,366146,366 | $5M | — | TRIM -4% |
| 3 | LPL Financial LLC | 87,81387,813 | $3M | — | TRIM -18% |
| 4 | Baird Financial Group, Inc. | 75,87575,875 | $3M | — | — |
| 5 | GOLDMAN SACHS GROUP INC | 72,00172,001 | $2M | — | NEW |
| 6 | CWM, LLC | 49,18649,186 | $2M | — | TRIM -58% |
| 7 | MORGAN STANLEY | 42,12542,125 | $1M | — | TRIM -78% |
| 8 | Nilsine Partners, LLC | 37,49437,494 | $1M | — | TRIM -4% |
| 9 | Private Advisory Group LLC | 37,68837,688 | $1M | — | TRIM -7% |
| 10 | Balefire, LLC | 33,14233,142 | $1M | — | ADD 49% |
| 11 | Prospera Financial Services Inc | 28,78328,783 | $995,145 | — | ADD 9% |
| 12 | Sanctuary Advisors, LLC | 27,82427,824 | $961,942 | — | TRIM -6% |
| 13 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 25,71025,710 | $888,856 | — | TRIM -22% |
| 14 | JPMORGAN CHASE & CO | 21,97821,978 | $740,867 | — | NEW |
| 15 | Cetera Investment Advisers | 19,85119,851 | $686,312 | — | ADD 12% |
| 16 | Cambridge Investment Research Advisors, Inc. | 17,35217,352 | $600,000 | — | — |
| 17 | Sigma Planning Corp | 15,08215,082 | $521,421 | — | — |
| 18 | Farther Finance Advisors, LLC | 14,20014,200 | $496,338 | — | TRIM -81% |
| 19 | TWO SIGMA INVESTMENTS, LP | 12,60912,609 | $435,923 | — | NEW |
| 20 | Warner Group LLC | 12,51812,518 | $432,765 | — | TRIM -14% |
| 21 | Concurrent Investment Advisors, LLC | 10,98510,985 | $379,778 | — | — |
| 22 | MTM Investment Management, LLC | 10,53010,530 | $364,047 | — | — |
| 23 | FIFTH THIRD BANCORP | 9,8959,895 | $342,094 | — | NEW |
| 24 | Allworth Financial LP | 9,2189,218 | $318,689 | — | — |
| 25 | Park Square Financial Group, LLC | 8,7248,724 | $301,604 | — | NEW |
| 26 | Independent Advisor Alliance | 8,0138,013 | $277,030 | — | NEW |
| 27 | ENVESTNET ASSET MANAGEMENT INC | 7,1337,133 | $246,613 | — | ADD 14% |
| 28 | BANK OF AMERICA CORP /DE/ | 6,8326,832 | $236,196 | — | — |
| 29 | PRIVATE TRUST CO NA | 6,5786,578 | $227,417 | — | — |
| 30 | Mutual Advisors, LLC | 6,5636,563 | $226,899 | — | — |
| 31 | ROYAL BANK OF CANADA | 4,4554,455 | $154,000 | — | TRIM -93% |
| 32 | OSAIC HOLDINGS, INC. | 3,5593,559 | $123,049 | — | TRIM -33% |
| 33 | O'SHAUGHNESSY ASSET MANAGEMENT, LLC | 1,6131,613 | $55,765 | — | TRIM -49% |
| 34 | UBS Group AG | 589589 | $20,363 | — | ADD 1450% |
| 35 | Measured Wealth Private Client Group, LLC | 488488 | $16,871 | — | — |
| 36 | FMR LLC | 442442 | $15,266 | — | TRIM -35% |
| 37 | Hilton Head Capital Partners, LLC | 251251 | $8,678 | — | — |
| 38 | Spire Wealth Management | 150150 | $5,186 | — | — |
| 39 | WELLS FARGO & COMPANY/MN | 00 | $12 | — | EXIT |
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 |
|---|---|---|---|---|---|---|---|
| Csenge Advisory Group | — | — | — | 543K | 567K | 681K | $24M |
| RAYMOND JAMES FINANCIAL INC | 148K | 154K | 181K | 204K | 152K | 146K | $5M |
| LPL Financial LLC | 40K | 55K | 140K | 134K | 107K | 88K | $3M |
| Baird Financial Group, Inc. | 75K | 74K | 76K | 75K | 75K | 76K | $3M |
| GOLDMAN SACHS GROUP INC | — | — | — | — | — | 72K | $2M |
| CWM, LLC | 195K | 184K | 123K | 129K | 117K | 49K | $2M |
| MORGAN STANLEY | 241K | 238K | 321K | 205K | 195K | 42K | $1M |
| Nilsine Partners, LLC | — | — | 39K | 40K | 39K | 37K | $1M |
| Private Advisory Group LLC | 37K | 38K | 32K | 40K | 40K | 38K | $1M |
| Balefire, LLC | — | — | — | 15K | 22K | 33K | $1M |
| Prospera Financial Services Inc | 21K | 24K | 26K | 26K | 26K | 29K | $995,145 |
| Sanctuary Advisors, LLC | — | — | 33K | 33K | 30K | 28K | $961,942 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 12K | 10K | 22K | — | 33K | 26K | $888,856 |
| JPMORGAN CHASE & CO | — | — | — | — | — | 22K | $740,867 |
| Cetera Investment Advisers | 11K | 11K | 18K | 18K | 18K | 20K | $686,312 |
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 | |
|---|---|---|---|
| Csenge Advisory Group | +113,506 | $4M | ADD |
| GOLDMAN SACHS GROUP INC | +72,001 | $2M | OPEN |
| JPMORGAN CHASE & CO | +21,978 | $760,259 | OPEN |
| TWO SIGMA INVESTMENTS, LP | +12,609 | $436,168 | OPEN |
| Balefire, LLC | +10,840 | $374,975 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| MORGAN STANLEY | −153,091 | $5M | TRIM |
| CWM, LLC | −68,274 | $2M | TRIM |
| ROYAL BANK OF CANADA | −63,761 | $2M | TRIM |
| Farther Finance Advisors, LLC | −59,294 | $2M | TRIM |
| COMMONWEALTH EQUITY SERVICES, LLC | −38,106 | $1M | 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 | 39 | 1,554,182 | — | $54M |
| 2025-Q4 | 40 | 1,801,402 | — | $63M |
| 2025-Q3 | 41 | 2,138,535 | — | $76M |
| 2025-Q2 | 37 | 1,604,853 | — | $56M |
| 2025-Q1 | 29 | 1,228,877 | — | $44M |
| 2024-Q4 | 28 | 1,130,654 | — | $38M |
| 2024-Q3 | 23 | 800,603 | — | $27M |
| 2024-Q2 | 27 | 1,016,256 | — | $31M |
| 2024-Q1 | 24 | 1,311,258 | — | $40M |
| 2023-Q4 | 26 | 1,364,926 | — | $37M |
| 2023-Q3 | 25 | 1,681,059 | — | $42M |
| 2023-Q2 | 26 | 1,588,124 | — | $42M |
| 2023-Q1 | 33 | 1,758,806 | — | $45M |
| 2022-Q4 | 36 | 1,874,234 | — | $49M |
| 2022-Q3 | 32 | 2,461,655 | — | $59M |
| 2022-Q2 | 39 | 2,641,932 | — | $66M |
| 2022-Q1 | 38 | 3,007,004 | — | $86M |
| 2021-Q4 | 36 | 3,546,556 | — | $112M |
| 2021-Q3 | 37 | 2,626,156 | — | $72M |
| 2021-Q2 | 36 | 3,681,602 | — | $102M |
| 2021-Q1 | 32 | 3,508,880 | — | $90M |
| 2020-Q4 | 37 | 4,112,235 | — | $104M |
| 2020-Q3 | 35 | 4,193,562 | — | $99M |
| 2020-Q2 | 32 | 3,870,209 | — | $86M |
| 2020-Q1 | 26 | 4,245,290 | — | $85M |
| 2019-Q4 | 32 | 4,652,937 | — | $108M |
| 2019-Q3 | 23 | 5,584,009 | — | $132M |
| 2019-Q2 | 16 | 3,039,727 | — | $71M |
| 2019-Q1 | 11 | 2,123,991 | — | $50M |
| 2018-Q4 | 6 | 919,953 | — | $17M |
| 2018-Q3 | 3 | 582,285 | — | $12M |
