Davis Select Financial
DFNL • BATS
Davis Select Financial is an exchange-traded fund on BATS. As of Q3 2025, 39 institutional investors hold shares in this ETF, with total holdings valued at $204.0M. DAVIS SELECTED ADVISERS is the largest holder with a position valued at $96.3M.
Overview
Overview of institutional ownership in DFNL as of Q3 2025
All Institutions
- Institutions
- 39
- Value Held
- $204.0M
- Shares Held
- 4.5M
- Avg Position
- $5.2M
- Median Position
- $805.7K
Hedge Funds
- Hedge Funds
- 0
- Value Held
- -
- Shares Held
- -
- Avg Position
- -
- Median Position
- -
Biggest Investors
Institutions with the largest positions in DFNL as of Q3 2025
| Institution | Position Value |
|---|---|
 DAVIS SELECTED ADVISERS Long Only Manager | $96.3M 0.50% of portfolio |
 MORGAN STANLEY RIA/Wealth | $42.9M 0.00% of portfolio |
L LPL Financial LLC Institution | $16.6M 0.00% of portfolio |
 BANK OF AMERICA CORP /DE/ Institution | $9.0M 0.00% of portfolio |
 HighTower Advisors, LLC RIA/Wealth | $5.8M 0.01% of portfolio |
 UBS Group AG Institution | $4.4M 0.00% of portfolio |
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution | $3.9M 0.00% of portfolio |
 Next Level Private LLC RIA/Wealth | $3.7M 1.08% of portfolio |
D DAVIDSON D A & CO Institution | $3.6M 0.02% of portfolio |
 ARKANSAS FINANCIAL GROUP, INC. RIA/Wealth | $2.4M 0.35% of portfolio |
Net Capital Flow
Institutional buying and selling activity for DFNL in Q3 2025
- Traded
- −$4.0M
- Buyers
- 12
- Sellers
- 17
- Total Bought
- +$4.9M
- Total Sold
- −$8.9M
- Avg Position
- $4.4M
Biggest Buyers
| Institution | Net Bought |
|---|---|
 Kestra Advisory Services, LLC RIA/Wealth | +$1.7M +37.9K shares |
L LPL Financial LLC Institution | +$1.5M +32.7K shares |
MORGAN STANLEY RIA/Wealth | +$497.6K +11.0K shares |
ARKANSAS FINANCIAL GROUP, INC. RIA/Wealth | +$318.1K +7.1K shares |
BANK OF AMERICA CORP /DE/ Institution | +$310.1K +6.9K shares |
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution | +$260.3K +5.8K shares |
HighTower Advisors, LLC RIA/Wealth | +$136.2K +3.0K shares |
+$46.5K +1.0K shares | |
 Geneos Wealth Management Inc. RIA/Wealth | +$43.0K +950.0 shares |
UBS Group AG Institution | +$30.6K +676.0 shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 Axiom Financial Strategies, LLC RIA/Wealth | −$4.4M −98.4K shares |
 SUMMIT WEALTH GROUP LLC / CO RIA/Wealth | −$1.2M −27.1K shares |
 RAYMOND JAMES FINANCIAL INC RIA/Wealth | −$673.5K −14.9K shares |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | −$668.3K −15.6K shares |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | −$480.9K −11.2K shares |
 ENVESTNET ASSET MANAGEMENT INC Long Only Manager | −$430.1K −10.0K shares |
 Ameritas Advisory Services, LLC RIA/Wealth | −$340.8K −7.9K shares |
S STIFEL FINANCIAL CORP Long Only Manager | −$271.1K −6.0K shares |
G GTS SECURITIES LLC Institution | −$208.4K −4.6K shares |
 Rockefeller Capital Management L.P. Long Only Manager | −$53.1K −1.2K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited DFNL in Q3 2025
- New Positions
- 4
- New Value
- $1.8M
- Exited Positions
- 7
- Exited Value
- $3.1M
New Positions
| Institution | Position Value |
|---|---|
Kestra Advisory Services, LLC RIA/Wealth | $1.7M 37.9K shares |
$46.5K 1.0K shares | |
J JANE STREET GROUP, LLC Institution | - - shares |
- - shares |
Exited Positions
| Institution | Previous Position |
|---|---|
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth | $1.2M 27.1K shares |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $668.3K 15.6K shares |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $480.9K 11.2K shares |
ENVESTNET ASSET MANAGEMENT INC Long Only Manager | $430.1K 10.0K shares |
Ameritas Advisory Services, LLC RIA/Wealth | $340.8K 7.9K shares |
J JANE STREET GROUP, LLC Institution | - 50.0K shares |
- 16.2K shares |
Options Activity
Institutions with the largest Call and Put options positions in DFNL 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 DFNL as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
Next Level Private LLC RIA/Wealth | 1.08% $3.7M |
Axiom Financial Strategies, LLC RIA/Wealth | 0.51% $1.2M |
DAVIS SELECTED ADVISERS Long Only Manager | 0.50% $96.3M |
ARKANSAS FINANCIAL GROUP, INC. RIA/Wealth | 0.35% $2.4M |
A Atlas Wealth LLC Institution | 0.34% $809.3K |
 SITTNER & NELSON, LLC RIA/Wealth | 0.33% $914.9K |
 Melone Private Wealth, LLC RIA/Wealth | 0.21% $472.5K |
 Carson Advisory Inc. RIA/Wealth | 0.14% $248.7K |
M Millstone Evans Group, LLC RIA/Wealth | 0.09% $149.2K |
D Diligent Investors, LLC RIA/Wealth | 0.07% $259.5K |