iMGP DBi Managed Futures Strategy

DBMF • ARCA

iMGP DBi Managed Futures Strategy is an exchange-traded fund on ARCA. As of Q3 2025, 183 institutional investors hold shares in this ETF, with total holdings valued at $1.1B. MORGAN STANLEY is the largest holder with a position valued at $210.2M.

Overview

Overview of institutional ownership in DBMF as of Q3 2025

All Institutions

Institutions: 183
Value Held: $1.1B
Shares Held: 40.5M
Avg Position: $6.0M
Median Position: $922.1K

Hedge Funds

Hedge Funds: 6
Value Held: $39.7M
Shares Held: 1.4M
Avg Position: $6.6M
Median Position: $2.0M

Biggest Investors

Institutions with the largest positions in DBMF as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$210.2M 0.01% of portfolio	7.7M shares	Q4 2022 Held for 2y 11m	$1.65T
L LPL Financial LLC Institution	-	$144.3M 0.04% of portfolio	5.3M shares	Q2 2021 Held for 4y 5m	$340.07B
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$53.8M 0.04% of portfolio	2.0M shares	Q1 2023 Held for 2y 8m	$149.83B
Parcion Private Wealth LLC RIA/Wealth	Terrance Leo Cook Managing Partner	$42.0M 2.68% of portfolio	1.5M shares	Q3 2025 Held for 2 months	$1.6B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$37.4M 0.01% of portfolio	1.4M shares	Q4 2024 Held for 11 months	$310.43B
Litman Gregory Asset Management LLC RIA/Wealth	Jeffrey Kent Seeley CEO	$31.6M 2.35% of portfolio	1.2M shares	Q4 2021 Held for 3y 11m	$1.3B
C Cardinal Point Capital Management, ULC Hedge Fund•Value	Michelle Lynn Yarwood CCO	$31.4M 2.18% of portfolio	1.1M shares	Q4 2023 Held for 1y 11m	$1.4B
G Goldstein Advisors, LLC RIA/Wealth	Jon David Goldstein Partner	$29.3M 3.56% of portfolio	1.1M shares	Q4 2022 Held for 2y 11m	$822.7M
Savant Capital, LLC RIA/Wealth	Brent Raymond Brodeski CEO	$26.4M 0.14% of portfolio	967.4K shares	Q4 2022 Held for 2y 11m	$18.9B
POTOMAC FUND MANAGEMENT INC /ADV Long Only Manager	Manish Kumar Khatta CEO	$22.4M 0.96% of portfolio	821.8K shares	Q3 2025 Held for 2 months	$2.3B

Net Capital Flow

Institutional buying and selling activity for DBMF in Q3 2025

Traded: +$269.3M
Buyers: 111
Sellers: 73
Total Bought: +$293.7M
Total Sold: −$24.4M
Avg Position: $5.6M

Biggest Buyers

Institution	Net Bought	Current Position
MORGAN STANLEY RIA/Wealth	+$136.9M +5.0M shares	$210.2M 7.7M shares
Parcion Private Wealth LLC RIA/Wealth	+$42.0M +1.5M shares	$42.0M 1.5M shares
POTOMAC FUND MANAGEMENT INC /ADV Long Only Manager	+$22.4M +821.8K shares	$22.4M 821.8K shares
Toroso Investments, LLC ETF Provider	+$9.9M +364.0K shares	$19.2M 703.1K shares
Savant Capital, LLC RIA/Wealth	+$7.2M +262.8K shares	$26.4M 967.4K shares
Beacon Capital Management, Inc. RIA/Wealth	+$6.5M +239.2K shares	$6.5M 239.2K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	+$5.1M +186.9K shares	$6.9M 253.8K shares
ROCKLAND TRUST CO Private Equity	+$5.0M +182.8K shares	$13.0M 475.9K shares
R ROYAL BANK OF CANADA Institution	+$4.3M +158.9K shares	$6.1M 223.0K shares
ASHTON THOMAS SECURITIES, LLC RIA/Wealth	+$3.5M +127.8K shares	$7.2M 261.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
G Goldstein Advisors, LLC RIA/Wealth	−$3.0M −108.9K shares	$29.3M 1.1M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$2.6M −93.5K shares	$2.3M 82.9K shares
T TriaGen Wealth Management LLC RIA/Wealth	−$2.3M −88.5K shares	Sold Off 0 shares
Castleview Partners, LLC RIA/Wealth	−$1.3M −49.1K shares	Sold Off 0 shares
Innova Wealth Partners RIA/Wealth	−$1.2M −45.1K shares	$915.3K 33.5K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$883.0K −32.3K shares	$1.8M 65.3K shares
F FLOW TRADERS U.S. LLC Institution	−$755.3K −29.4K shares	Sold Off 0 shares
H HRT FINANCIAL LLC Institution	−$694.7K −27.0K shares	Sold Off 0 shares
Family Investment Center, Inc. RIA/Wealth	−$684.2K −26.6K shares	Sold Off 0 shares
R Resources Investment Advisors, Inc. Pension/Endowment	−$676.7K −24.8K shares	$18.1M 664.4K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited DBMF in Q3 2025

New Positions: 13
New Value: $32.8M
Exited Positions: 16
Exited Value: $8.1M

New Positions

Institution	Position Value
POTOMAC FUND MANAGEMENT INC /ADV Long Only Manager	$22.4M 821.8K shares
Beacon Capital Management, Inc. RIA/Wealth	$6.5M 239.2K shares
ABBINGTON INVESTMENT GROUP RIA/Wealth	$922.1K 33.8K shares
Blueprint Investment Partners LLC Long Only Manager	$820.1K 30.0K shares
Blueprint Financial Advisors LLC RIA/Wealth	$820.1K 30.0K shares
Tactive Advisors, LLC RIA/Wealth	$467.7K 17.1K shares
Good Steward Wealth Advisors,LLC RIA/Wealth	$465.5K 17.0K shares
M MANUFACTURERES LIFE INSURANCE CO Institution	$232.0K 8.5K shares
SIGNATUREFD, LLC RIA/Wealth	$25.6K 938.0 shares
Wealth Watch Advisors, INC RIA/Wealth	$12.0K 441.0 shares

Exited Positions

Institution	Previous Position
T TriaGen Wealth Management LLC RIA/Wealth	$2.3M 88.5K shares
Castleview Partners, LLC RIA/Wealth	$1.3M 49.1K shares
F FLOW TRADERS U.S. LLC Institution	$755.3K 29.4K shares
H HRT FINANCIAL LLC Institution	$694.7K 27.0K shares
Family Investment Center, Inc. RIA/Wealth	$684.2K 26.6K shares
B Burt Wealth Advisors RIA/Wealth	$552.2K 21.5K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$538.7K 20.9K shares
Financial Advocates Investment Management RIA/Wealth	$486.1K 18.9K shares
T TWO SIGMA SECURITIES, LLC Institution	$266.1K 10.3K shares
L2 Asset Management, LLC Hedge Fund•Long/Short	$246.3K 9.6K shares

Options Activity

Institutions with the largest Call and Put options positions in DBMF as of Q3 2025

Call Positions: 1
Call Value: $284.0K
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$284.0K 104.0 contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with DBMF as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
SAGE PRIVATE WEALTH GROUP, LLC RIA/Wealth	Khaled Awad Taha Managing Partner	8.13% $13.2M	484.1K shares	Q3 2022 Held for 3y 2m	$162.6M
AI Financial Services LLC RIA/Wealth	Karl Fredrick Frank CCO	5.76% $9.0M	328.7K shares	Q4 2024 Held for 11 months	$156.4M
SUMMIT WEALTH & RETIREMENT PLANNING, INC. RIA/Wealth	Christina Faye Zins President	3.97% $16.1M	589.6K shares	Q3 2022 Held for 3y 2m	$405.5M
G Goldstein Advisors, LLC RIA/Wealth	Jon David Goldstein Partner	3.56% $29.3M	1.1M shares	Q4 2022 Held for 2y 11m	$822.7M
Upper Left Wealth Management, LLC RIA/Wealth	Randy David Kurtz Managing Partner	3.22% $5.1M	187.6K shares	Q1 2025 Held for 8 months	$159.3M
Longview Financial Advisors, Inc. RIA/Wealth	Timothy Charles Harrington Managing Partner	2.89% $3.7M	137.2K shares	Q4 2023 Held for 1y 11m	$129.7M
A Austin Wealth Management, LLC RIA/Wealth	Derek David Ripp Managing Partner	2.73% $17.3M	610.1K shares	Q3 2023 Held for 2y 2m	$633.6M
Parcion Private Wealth LLC RIA/Wealth	Terrance Leo Cook Managing Partner	2.68% $42.0M	1.5M shares	Q3 2025 Held for 2 months	$1.6B
ALM First Financial Advisors, LLC RIA/Wealth	Anthony G Tidswell President	2.60% $12.9M	472.3K shares	Q4 2022 Held for 2y 11m	$495.5M
Mackey Komara & Dankovich, LLC RIA/Wealth	Nathan Mark Bohannon COO	2.56% $2.6M	94.0K shares	Q4 2024 Held for 11 months	$100.4M

Hedge Fund Spotlight

Discover hedge funds investing in DBMF

RENAISSANCE TECHNOLOGIES LLC

Hedge Fund • Quant

Portfolio ManagerPeter Fitzhugh Brown

Portfolio Value: $75.8B
Positions: 3,419
Last Reported: Q3 2025

Sector Allocation

Position in iMGP DBi Managed Futures Strategy

Market Value: $2.3M
Shares Held: 82.9K
Portfolio Weight: 0.00%
Owned Since: 2022-Q3

Top Holding	Sector	Market Value	Weight
1 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$1.6B	2.06%
2 Nvidia NVDA	Semiconductors Technology	$1.1B	1.39%
3 Roblox RBLX	Electronic Gaming & Multimedia Technology	$953.5M	1.26%