Dimensional U.S. Small Cap

DFAS • ARCA

Dimensional U.S. Small Cap is an exchange-traded fund on ARCA. As of Q3 2025, 761 institutional investors hold shares in this ETF, with total holdings valued at $8.7B. Creative Planning is the largest holder with a position valued at $1.6B.

Overview

Overview of institutional ownership in DFAS as of Q3 2025

All Institutions

Institutions: 761
Value Held: $8.7B
Shares Held: 126.5M
Avg Position: $11.4M
Median Position: $1.4M

Hedge Funds

Hedge Funds: 7
Value Held: $13.5M
Shares Held: 196.6K
Avg Position: $1.9M
Median Position: $472.2K

Biggest Investors

Institutions with the largest positions in DFAS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Creative Planning RIA/Wealth	Peter Alex Mallouk CEO	$1.6B 1.19% of portfolio	22.7M shares	Q2 2021 Held for 4y 5m	$130.86B
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$553.1M 0.07% of portfolio	8.1M shares	Q2 2021 Held for 4y 5m	$782.01B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$452.5M 0.03% of portfolio	6.6M shares	Q3 2021 Held for 4y 2m	$1.33T
Index Fund Advisors, Inc. RIA/Wealth	Mark Thomas Hebner CEO	$401.0M 19.46% of portfolio	5.9M shares	Q4 2021 Held for 3y 11m	$2.1B
C Colony Group, LLC Institution	-	$233.0M 0.38% of portfolio	3.4M shares	Q4 2023 Held for 1y 11m	$61.0B
Pure Financial Advisors, Inc. RIA/Wealth	Joseph Dennis Anderson CEO	$201.7M 3.22% of portfolio	2.9M shares	Q2 2021 Held for 4y 5m	$6.3B
TCI Wealth Advisors, Inc. RIA/Wealth	Samuel Thomas Swift CEO	$168.2M 10.03% of portfolio	2.5M shares	Q2 2021 Held for 4y 5m	$1.7B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$109.8M 0.03% of portfolio	1.6M shares	Q2 2021 Held for 4y 5m	$341.99B
Plancorp, LLC RIA/Wealth	J. Christopher Kerckhoff CEO	$90.7M 2.88% of portfolio	1.3M shares	Q2 2021 Held for 4y 5m	$3.1B
Savant Capital, LLC RIA/Wealth	Brent Raymond Brodeski CEO	$87.7M 0.46% of portfolio	1.3M shares	Q2 2021 Held for 4y 5m	$18.9B

Net Capital Flow

Institutional buying and selling activity for DFAS in Q3 2025

Traded: +$318.8M
Buyers: 381
Sellers: 252
Total Bought: +$598.9M
Total Sold: −$280.1M
Avg Position: $11.0M

Biggest Buyers

Institution	Net Bought	Current Position
Creative Planning RIA/Wealth	+$168.2M +2.5M shares	$1.6B 22.7M shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	+$34.2M +499.7K shares	$36.3M 529.5K shares
R Root Financial Partners, LLC RIA/Wealth	+$28.4M +415.1K shares	$66.7M 974.2K shares
V Vise Technologies, Inc. Institution	+$27.2M +397.0K shares	$27.2M 397.0K shares
BANK OF AMERICA CORP /DE/ Institution	+$26.9M +392.8K shares	$452.5M 6.6M shares
W WASHINGTON TRUST BANK Institution	+$24.8M +361.7K shares	$78.7M 1.1M shares
C Colony Group, LLC Institution	+$22.9M +334.0K shares	$233.0M 3.4M shares
NORTHERN TRUST CORP Institution	+$15.7M +229.9K shares	$553.1M 8.1M shares
Cetera Investment Advisers RIA/Wealth	+$14.8M +216.4K shares	$36.1M 527.2K shares
Pure Financial Advisors, Inc. RIA/Wealth	+$10.8M +157.4K shares	$201.7M 2.9M shares

Biggest Sellers

Institution	Net Sold	Current Position
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$59.0M −862.0K shares	$109.8M 1.6M shares
M MASSMUTUAL TRUST CO FSB/ADV Institution	−$28.7M −419.1K shares	$52.3M 764.6K shares
C CI Private Wealth, LLC RIA/Wealth	−$23.9M −349.1K shares	$18.9M 276.2K shares
SRS Capital Advisors, Inc. RIA/Wealth	−$19.9M −311.8K shares	Sold Off 0 shares
B BROWN ADVISORY INC RIA/Wealth	−$12.0M −175.8K shares	$50.4M 735.8K shares
Armor Investment Advisors, LLC RIA/Wealth	−$10.4M −152.0K shares	$5.4M 78.2K shares
T TCG Advisory Services, LLC RIA/Wealth	−$8.4M −122.3K shares	$3.0M 43.4K shares
A Accredited Wealth Management, LLC RIA/Wealth	−$8.2M −15.5K shares	$3.5M 6.6K shares
M Holdings Securities, Inc. RIA/Wealth	−$6.3M −98.8K shares	Sold Off 0 shares
Abacus Planning Group, Inc. RIA/Wealth	−$5.8M −90.7K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 37
New Value: $41.2M
Exited Positions: 27
Exited Value: $40.1M

New Positions

Institution	Position Value
V Vise Technologies, Inc. Institution	$27.2M 397.0K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$3.9M 57.4K shares
BAKER TILLY FINANCIAL, LLC RIA/Wealth	$2.0M 73.6K shares
VIRTUE ASSET MANAGEMENT LLC RIA/Wealth	$1.3M 18.7K shares
WEDBUSH MORGAN SECURITIES INC RIA/Wealth	$830.2K 12.1K shares
Summit Financial, LLC RIA/Wealth	$373.4K 5.5K shares
S Sprinkle Financial Consultants LLC RIA/Wealth	$316.8K 4.6K shares
N NORDEN GROUP LLC Institution	$302.1K 4.4K shares
Astra Wealth Partners LLC RIA/Wealth	$296.7K 4.3K shares
CFS Investment Advisory Services, LLC RIA/Wealth	$282.8K 4.1K shares

Exited Positions

Institution	Previous Position
SRS Capital Advisors, Inc. RIA/Wealth	$19.9M 311.8K shares
M Holdings Securities, Inc. RIA/Wealth	$6.3M 98.8K shares
Abacus Planning Group, Inc. RIA/Wealth	$5.8M 90.7K shares
C Concord Asset Management, LLC/VA RIA/Wealth	$2.0M 31.6K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$1.7M 26.2K shares
S SMITH CHAS P & ASSOCIATES PA CPAS Institution	$640.0K 10.0K shares
Fort Point Capital Partners, LLC Fund of Funds	$446.0K 7.0K shares
H Hilltop Holdings Inc. Institution	$420.8K 6.6K shares
SIGNATURE SECURITIES GROUP CORPORATION RIA/Wealth	$350.6K 5.5K shares
Financial Advocates Investment Management RIA/Wealth	$347.4K 5.5K shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Index Fund Advisors, Inc. RIA/Wealth	Mark Thomas Hebner CEO	19.46% $401.0M	5.9M shares	Q4 2021 Held for 3y 11m	$2.1B
DIXON FNANCIAL SERVICES, INC. RIA/Wealth	Michael Alan Dixon President	17.57% $38.6M	563.5K shares	Q4 2021 Held for 3y 11m	$219.6M
SENTINEL WEALTH MANAGEMENT, INC. RIA/Wealth	James Mark Joseph President	13.06% $15.0M	219.7K shares	Q2 2025 Held for 5 months	$115.1M
Disciplined Equity Management, Inc. RIA/Wealth	Donald Vincent Davey Director	12.75% $23.4M	342.2K shares	Q4 2021 Held for 3y 11m	$183.8M
Heritage Wealth Management, Inc./Texas RIA/Wealth	Stephen Jeffrey Coplon President	12.56% $28.5M	416.0K shares	Q4 2022 Held for 2y 11m	$226.8M
P Pillar Financial Advisors, LLC RIA/Wealth	Gregory Michael Curry Member	12.15% $19.4M	282.7K shares	Q4 2024 Held for 11 months	$159.2M
PINNEY & SCOFIELD, INC. RIA/Wealth	John Robert Goddard President	11.77% $19.0M	276.8K shares	Q4 2024 Held for 11 months	$161.0M
Tassel Capital Management, Inc. RIA/Wealth	William Boroughs Ertel President	11.00% $17.1M	250.4K shares	Q4 2024 Held for 11 months	$155.8M
ACORN CREEK CAPITAL LLC RIA/Wealth	Ben Loeffler President	10.82% $28.6M	418.3K shares	Q4 2023 Held for 1y 11m	$264.7M
Stordahl Capital Management, Inc. RIA/Wealth	William Jason Stordahl Managing Partner	10.38% $49.4M	721.6K shares	Q2 2021 Held for 4y 5m	$476.1M

Hedge Fund Spotlight

Discover hedge funds investing in DFAS

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 Dimensional U.S. Small Cap

Market Value: $273.8K
Shares Held: 4.0K
Portfolio Weight: 0.00%
Owned Since: 2022-Q4

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%