Davis Select Financial ETF (DFNL)

Market Cap: $216M

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

5% less funds holding

Funds holding: 44 [Q1] → 42 (-2) [Q2]

12.54% less ownership

Funds ownership: 83.33% [Q1] → 70.79% (-12.54%) [Q2]

14% less capital invested

Capital invested by funds: $158M [Q1] → $136M (-$21.9M) [Q2]

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

41% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 17