% of shares outstanding is not shown for DWAS: 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 DWAS 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 |
|---|---|---|---|---|---|---|---|
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 6.4M | 4.2M | 4.2M | 4.4M | 4.5M | 406K | $41M |
| MORGAN STANLEY | 386K | 364K | 341K | 312K | 327K | 340K | $34M |
| GOLDMAN SACHS GROUP INC | — | 48K | 91K | 126K | 193K | 220K | $22M |
| LPL Financial LLC | 199K | 174K | 156K | 150K | 129K | 154K | $15M |
| ROYAL BANK OF CANADA | 185K | 183K | 283K | 136K | 134K | 132K | $13M |
| WELLS FARGO & COMPANY/MN | 255K | 201K | 136K | 101K | 127K | 125K | $12M |
| BANK OF AMERICA CORP /DE/ | 204K | 147K | 145K | 129K | 112K | 110K | $11M |
| STIFEL FINANCIAL CORP | 20K | 23K | 22K | 86K | 112K | 104K | $10M |
| UBS Group AG | 110K | 113K | 141K | 111K | 84K | 79K | $8M |
| RAYMOND JAMES FINANCIAL INC | 273K | 218K | 93K | 67K | 68K | 65K | $6M |
| BNP PARIBAS FINANCIAL MARKETS | — | — | — | 10K | 100K | 60K | $6M |
| Sanctuary Advisors, LLC | 40K | 46K | 60K | 108K | 60K | 60K | $6M |
| Family Capital Trust Co | 2K | 55K | 55K | 56K | 56K | 48K | $5M |
| HighMark Wealth Management LLC | 48K | 47K | 47K | 45K | 45K | 47K | $5M |
| Vise Technologies, Inc. | 34K | — | 43K | 16K | 38K | 38K | $4M |
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 | |
|---|---|---|---|
| GOLDMAN SACHS GROUP INC | +26,994 | $3M | ADD |
| LPL Financial LLC | +24,978 | $2M | ADD |
| MORGAN STANLEY | +13,452 | $1M | ADD |
| Independent Advisor Alliance | +12,960 | $1M | OPEN |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | +9,851 | $970,056 | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | −4,110,342 | $405M | TRIM |
| BNP PARIBAS FINANCIAL MARKETS | −40,000 | $4M | TRIM |
| Baird Financial Group, Inc. | −27,545 | $3M | TRIM |
| Wealth Enhancement Trust Services, Inc. | −18,683 | $2M | TRIM |
| KMG FIDUCIARY PARTNERS, LLC | −18,338 | $2M | 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 | 101 | 2,463,509 | — | $244M |
| 2025-Q4 | 98 | 6,637,707 | — | $649M |
| 2025-Q3 | 97 | 6,331,121 | — | $588M |
| 2025-Q2 | 94 | 6,398,139 | — | $548M |
| 2025-Q1 | 93 | 6,551,512 | — | $511M |
| 2024-Q4 | 106 | 9,106,301 | — | $831M |
| 2024-Q3 | 96 | 8,696,573 | — | $808M |
| 2024-Q2 | 97 | 8,788,708 | — | $747M |
| 2024-Q1 | 89 | 8,828,233 | — | $802M |
| 2023-Q4 | 87 | 7,570,042 | — | $630M |
| 2023-Q3 | 81 | 7,168,889 | — | $538M |
| 2023-Q2 | 81 | 5,696,860 | — | $448M |
| 2023-Q1 | 84 | 4,635,442 | — | $341M |
| 2022-Q4 | 91 | 2,886,399 | — | $209M |
| 2022-Q3 | 82 | 2,329,828 | — | $159M |
| 2022-Q2 | 84 | 2,353,466 | — | $159M |
| 2022-Q1 | 79 | 2,546,511 | — | $215M |
| 2021-Q4 | 94 | 3,272,049 | — | $293M |
| 2021-Q3 | 81 | 3,207,155 | — | $281M |
| 2021-Q2 | 78 | 3,341,088 | — | $298M |
| 2021-Q1 | 76 | 3,514,273 | — | $297M |
| 2020-Q4 | 67 | 2,902,684 | — | $219M |
| 2020-Q3 | 48 | 2,204,187 | — | $131M |
| 2020-Q2 | 43 | 4,265,986 | — | $228M |
| 2020-Q1 | 48 | 1,988,864 | — | $81M |
| 2019-Q4 | 62 | 2,499,374 | — | $143M |
| 2019-Q3 | 56 | 2,446,310 | — | $122M |
| 2019-Q2 | 58 | 2,895,799 | — | $156M |
| 2019-Q1 | 61 | 2,805,639 | — | $142M |
| 2018-Q4 | 62 | 3,380,699 | — | $147M |
| 2018-Q3 | 67 | 6,420,082 | — | $369M |
| 2018-Q2 | 57 | 3,524,377 | — | $189M |
| 2016-Q1 | 1 | 72 | — | $4,000 |
