Davis Select Financial ETFDFNLETF
13F holders, Q3 2025 (September 30)46holders −3
4new positions
7sold out
$45.22avg. 13F price*
At the end of Q3 2025, 46 institutions reported holding Davis Select Financial ETF (DFNL) in their 13F filings, down 3 from Q2 2025. 4 opened new positions and 7 sold out. The largest holders were Davis Selected Advisers ($96.3M), Morgan Stanley ($42.9M) and LPL Financial LLC ($16.6M).
- Company
- Davis Select Financial ETF
- Filed as
- DAVIS FUNDAMENTAL ETF TR (Q3 2025)
- CUSIP
- 23908L108
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 4 | $2.3M |
| Exits | 7 | $5.9M |
All 13F filers, Q2 2025 → Q3 2025: 119,259 shares bought and 314,621 shares sold, net −195,362 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 46 holders
| Davis Selected Advisers | 0.50% | No change | 2,129,860 | $96.3M |
| Morgan Stanley | 0.00% | Add +1.2% | 947,905 | $42.9M |
| LPL Financial LLC | 0.00% | Add +9.8% | 366,341 | $16.6M |
| Bank of America Corp. | 0.00% | Add +3.6% | 199,097 | $9.0M |
| HighTower Advisors, LLC | 0.01% | Add +2.4% | 127,849 | $5.8M |
| UBS Group AG | 0.00% | Add +0.7% | 96,687 | $4.4M |
| Northwestern Mutual Wealth Management Co. | 0.00% | Add +7.2% | 85,734 | $3.9M |
| Sanctuary Advisors, LLC | 0.02% | Reduce -1.9% | 83,686 | $3.8M |
| Next Level Private LLC | 1.07% | Reduce -0.7% | 82,451 | $3.7M |
| D.A. Davidson & Co. | 0.02% | Reduce -0.4% | 78,624 | $3.6M |
| Arkansas Financial Group, Inc. | 0.35% | Add +13.4% | 52,294 | $2.4M |
| Royal Bank of Canada | 0.00% | Reduce -15.3% | 48,532 | $2.2M |
| Kestra Advisory Services, LLC | 0.01% | New | 37,923 | $1.7M |
| Raymond James Financial Inc. | 0.00% | Reduce -29.7% | 35,294 | $1.6M |
| Osaic Holdings, Inc. | 0.00% | Add +2.6% | 26,337 | $1.2M |
| Stifel Financial Corp. | 0.00% | Reduce -18.5% | 26,423 | $1.2M |
| Axiom Financial Strategies, LLC | 0.51% | Reduce -78.9% | 26,368 | $1.2M |
| J.W. Cole Advisors, Inc. | 0.02% | No change | 23,101 | $1.0M |
| Sittner & Nelson, LLC | 0.33% | No change | 20,233 | $915K |
| Prospera Financial Services Inc | 0.01% | Reduce -3.6% | 19,422 | $878K |
| Janney Montgomery Scott LLC | 0.00% | Reduce -0.3% | 18,220 | $824K |
| Atlas Wealth LLC | 0.35% | No change | 17,898 | $809K |
| Geneos Wealth Management Inc. | 0.02% | Add +5.6% | 17,817 | $806K |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -74.6% | 13,095 | $592K |
| Flow Traders U.S. LLC | 0.02% | New | 11,274 | $510K |
| Melone Private Wealth, LLC | 0.21% | No change | 10,450 | $473K |
| Rockefeller Capital Management L.P. | 0.00% | Reduce -10.3% | 10,255 | $464K |
| Modern Wealth Management, LLC | 0.01% | No change | 9,560 | $432K |
| DAVENPORT & Co LLC | 0.00% | Reduce -0.6% | 9,111 | $412K |
| Mercer Global Advisors Inc. | 0.00% | Reduce -7.3% | 8,826 | $399K |
| Captrust Financial Advisors | 0.00% | No change | 8,100 | $366K |
| Flagship Harbor Advisors, LLC | 0.01% | No change | 7,319 | $331K |
| Diligent Investors, LLC | 0.07% | Reduce -1.7% | 5,739 | $260K |
| Carson Advisory Inc. | 0.13% | No change | 5,500 | $249K |
| GTS Securities LLC | 0.01% | Reduce -50.1% | 4,581 | $207K |
| Millstone Evans Group, LLC | 0.09% | No change | 3,300 | $149K |
| Kathleen S. Wright Associates Inc. | 0.05% | No change | 3,125 | $141K |
| Key Financial Inc | 0.02% | No change | 2,497 | $113K |
| Cwm, LLC | 0.00% | Add +34.6% | 1,750 | $79K |
| Comerica Bank | 0.00% | Reduce -16.4% | 1,136 | $51K |
| Wells Fargo & Company | 0.00% | Add +119.6% | 1,098 | $50K |
| Capital Investment Advisory Services, LLC | 0.00% | New | 1,028 | $46K |
| Steward Partners Investment Advisory, LLC | 0.00% | No change | 723 | $33K |
| Allworth Financial LP | 0.00% | No change | 715 | $32K |
| Coston, McIsaac & Partners | 0.00% | New | 255 | $11K |
| PNC Financial Services Group, Inc. | 0.00% | No change | 149 | $7K |
"% of holder's portfolio" is DFNL's weight in each manager's 13F, not the share of Davis Select Financial ETF the manager owns.