% of shares outstanding is not shown for DWMF: 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 DWMF 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 | LPL Financial LLC | 95,25195,251 | $3M | — | TRIM -3% |
| 2 | FLOW TRADERS U.S. LLC | 78,61678,616 | $3M | — | ADD 23% |
| 3 | Cetera Investment Advisers | 75,11875,118 | $3M | — | ADD 15% |
| 4 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 36,03436,034 | $1M | — | — |
| 5 | Stratos Wealth Partners, LTD. | 23,74823,748 | $799,989 | — | TRIM -4% |
| 6 | CITADEL ADVISORS LLC | 18,67318,673 | $629,030 | — | TRIM -10% |
| 7 | JANE STREET GROUP, LLC | 14,15714,157 | $476,901 | — | ADD 8% |
| 8 | Breakwater Capital Group | 13,32413,324 | $448,840 | — | TRIM -10% |
| 9 | Creative Planning | 10,73310,733 | $361,558 | — | TRIM -16% |
| 10 | Insight Wealth Strategies, LLC | 9,2449,244 | $311,414 | — | ADD 15% |
| 11 | Retirement Planning Group, LLC | 8,8788,878 | $299,070 | — | NEW |
| 12 | Nova Wealth Management, Inc. | 6,8856,885 | $231,932 | — | TRIM -28% |
| 13 | Arkadios Wealth Advisors | 6,8116,811 | $229,453 | — | — |
| 14 | SK Wealth Management, LLC | 6,5266,526 | $223,268 | — | — |
| 15 | TopTier Wealth Management, LLC | 5,0155,015 | $168,940 | — | TRIM -50% |
| 16 | EPG Wealth Management LLC | 3,3323,332 | $112,257 | — | — |
| 17 | CoreCap Advisors, LLC | 2,8612,861 | $96,394 | — | — |
| 18 | MORGAN STANLEY | 760760 | $25,602 | — | — |
| 19 | Breakwater Investment Management | 674674 | $22,705 | — | ADD 3% |
| 20 | Sankala Group LLC | 331331 | $11,352 | — | ADD 97% |
| 21 | HARBOUR INVESTMENTS, INC. | 331331 | $11,150 | — | — |
| 22 | UBS Group AG | 215215 | $7,243 | — | TRIM -69% |
| 23 | NBC SECURITIES, INC. | 9090 | $3,031 | — | TRIM -7% |
| 24 | Smartleaf Asset Management LLC | 11 | $50 | — | — |
| 25 | VANGUARD ADVISERS INC | 11 | $34 | — | 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 |
|---|---|---|---|---|---|---|---|
| LPL Financial LLC | 155K | 155K | 131K | 135K | 99K | 95K | $3M |
| FLOW TRADERS U.S. LLC | — | — | 22K | 66K | 64K | 79K | $3M |
| Cetera Investment Advisers | — | 8K | 10K | 63K | 65K | 75K | $3M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 68K | 68K | 52K | 34K | 36K | 36K | $1M |
| Stratos Wealth Partners, LTD. | 21K | 25K | 24K | 24K | 25K | 24K | $799,989 |
| CITADEL ADVISORS LLC | — | — | — | — | 21K | 19K | $629,030 |
| JANE STREET GROUP, LLC | 48K | 8K | 33K | 22K | 13K | 14K | $476,901 |
| Breakwater Capital Group | — | 15K | 14K | 15K | 15K | 13K | $448,840 |
| Creative Planning | — | — | 21K | 21K | 13K | 11K | $361,558 |
| Insight Wealth Strategies, LLC | — | — | 8K | 8K | 8K | 9K | $311,414 |
| Retirement Planning Group, LLC | — | — | — | — | — | 9K | $299,070 |
| Nova Wealth Management, Inc. | — | 2K | 9K | 10K | 10K | 7K | $231,932 |
| Arkadios Wealth Advisors | — | — | 7K | 7K | 7K | 7K | $229,453 |
| SK Wealth Management, LLC | — | 12K | 48K | 42K | 7K | 7K | $223,268 |
| TopTier Wealth Management, LLC | — | — | — | — | 10K | 5K | $168,940 |
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 | |
|---|---|---|---|
| FLOW TRADERS U.S. LLC | +14,781 | $497,972 | ADD |
| Cetera Investment Advisers | +9,671 | $325,816 | ADD |
| Retirement Planning Group, LLC | +8,878 | $299,100 | OPEN |
| Insight Wealth Strategies, LLC | +1,209 | $40,731 | ADD |
| JANE STREET GROUP, LLC | +1,100 | $37,059 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| OSAIC HOLDINGS, INC. | −8,447 | $284,579 | CLOSE |
| MERCER GLOBAL ADVISORS INC /ADV | −6,370 | $214,605 | CLOSE |
| TopTier Wealth Management, LLC | −5,026 | $169,326 | TRIM |
| LPL Financial LLC | −3,301 | $111,211 | TRIM |
| Nova Wealth Management, Inc. | −2,713 | $91,401 | 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 | 25 | 417,609 | — | $14M |
| 2025-Q4 | 25 | 414,356 | — | $13M |
| 2025-Q3 | 21 | 460,350 | — | $15M |
| 2025-Q2 | 23 | 470,565 | — | $15M |
| 2025-Q1 | 18 | 377,273 | — | $11M |
| 2024-Q4 | 15 | 395,190 | — | $11M |
| 2024-Q3 | 18 | 429,735 | — | $12M |
| 2024-Q2 | 23 | 730,412 | — | $19M |
| 2024-Q1 | 21 | 1,034,881 | — | $27M |
| 2023-Q4 | 21 | 1,269,483 | — | $32M |
| 2023-Q3 | 17 | 1,050,402 | — | $26M |
| 2023-Q2 | 20 | 1,145,420 | — | $29M |
| 2023-Q1 | 20 | 1,240,997 | — | $31M |
| 2022-Q4 | 21 | 1,371,126 | — | $33M |
| 2022-Q3 | 16 | 1,076,804 | — | $23M |
| 2022-Q2 | 20 | 1,039,977 | — | $24M |
| 2022-Q1 | 18 | 1,070,784 | — | $27M |
| 2021-Q4 | 17 | 1,186,717 | — | $32M |
| 2021-Q3 | 15 | 1,220,609 | — | $32M |
| 2021-Q2 | 16 | 1,199,758 | — | $31M |
| 2021-Q1 | 20 | 1,325,909 | — | $35M |
| 2020-Q4 | 14 | 1,399,948 | — | $35M |
| 2020-Q3 | 12 | 1,860,876 | — | $45M |
| 2020-Q2 | 13 | 1,753,027 | — | $41M |
| 2020-Q1 | 13 | 1,401,913 | — | $29M |
| 2019-Q4 | 12 | 1,020,601 | — | $26M |
| 2019-Q3 | 7 | 943,165 | — | $23M |
| 2019-Q2 | 6 | 857,629 | — | $21M |
| 2019-Q1 | 5 | 700,016 | — | $17M |
| 2018-Q4 | 3 | 478,654 | — | $11M |
| 2018-Q3 | 1 | 93,320 | — | $2M |
