Davis Fundamental ETF Trust - Davis Select Financial ETF
US ˙ BATS ˙ US23908L1089

SecurityDFNL / Davis Fundamental ETF Trust - Davis Select Financial ETF
InstitutionD.a. Davidson & Co.
Latest Disclosed Ownership78,253 shares
Latest Disclosed Value $ 3,508,885
D.a. Davidson & Co. reports 0.58% decrease in ownership of DFNL / Davis Fundamental ETF Trust - Davis Select Financial ETF

On May 5, 2026 - D.a. Davidson & Co. filed a 13F-HR form disclosing ownership of 78,253 shares of Davis Fundamental ETF Trust - Davis Select Financial ETF (US:DFNL) valued at $3,508,865 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 29, 2026 disclosing 78,712 shares of Davis Fundamental ETF Trust - Davis Select Financial ETF. This represents a change in shares of -0.58% during the quarter. The current value of the position is $3,561,920 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-05 2026-03-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 78,253 -459 -0.58 3,509 -7.78 0.0213
2026-01-29 2025-12-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 78,712 88 0.11 3,804 7.00 0.0233
2025-10-22 2025-09-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 78,624 -325 -0.41 3,555 4.87 0.0228
2025-07-30 2025-06-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 78,949 -522 -0.66 3,390 8.62 0.0239
2025-04-28 2025-03-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 79,471 3,400 4.47 3,122 7.73 0.0251
2025-01-31 2024-12-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 76,071 -317 -0.41 2,898 2.55 0.0236
2024-11-13 2024-09-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 76,388 -1,347 -1.73 2,825 9.45 0.0233
2024-08-01 2024-06-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 77,735 -885 -1.13 2,582 -1.45 0.0229
2024-05-13 2024-03-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 78,620 -2,160 -2.67 2,620 7.12 0.0236
2024-02-09 2023-12-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 80,780 -5,238 -6.09 2,445 6.21 0.0240
2023-11-08 2023-09-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 86,018 -910 -1.05 2,302 -2.33 0.0250
2023-08-11 2023-06-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 86,928 -1,639 -1.85 2,357 2.52 0.0249
2023-04-25 2023-03-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 88,567 10 0.01 2,300 -4.09 0.0259
2023-02-03 2022-12-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 88,557 32 0.04 2,397 10.66 0.0283
2022-11-07 2022-09-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 88,525 330 0.37 2,166 -5.33 0.0284
2022-07-28 2022-06-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 88,195 580 0.66 2,288 -15.45 0.0287
2022-05-12 2022-03-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 87,615 5,659 6.90 2,706 8.02 0.0295
2022-01-31 2021-12-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 81,956 -194 -0.24 2,505 0.28 0.0267
2021-11-15 2021-09-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 82,150 3,475 4.42 2,498 5.85 0.0290
2021-08-10 2021-06-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 78,675 7,700 10.85 2,360 18.47 0.0277
2021-05-07 2021-03-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 70,975 7,241 11.36 1,992 31.05 0.0255
2021-02-10 2020-12-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 63,734 200 0.31 1,520 25.62 0.0232
2020-11-02 2020-09-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 63,534 150 0.24 1,210 3.07 0.0211
2020-08-10 2020-06-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 63,384 -1,023 -1.59 1,174 9.11 0.0219
2020-05-05 2020-03-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 64,407 1,511 2.40 1,076 -32.83 0.0210
2020-02-14 2019-12-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 62,896 -450 -0.71 1,602 6.37 0.0259
2019-11-05 2019-09-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 63,346 420 0.67 1,506 2.73 0.0270
2019-08-13 2019-06-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 62,926 1,870 3.06 1,466 8.75 0.0273
2019-05-13 2019-03-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 61,056 4,040 7.09 1,348 15.31 0.0232
2019-01-29 2018-12-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 57,016 7,201 14.46 1,169 -5.04 0.0228
2018-11-13 2018-09-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 49,815 4,130 9.04 1,231 13.88 0.0219
2018-08-02 2018-06-30 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 45,685 6,000 15.12 1,081 13.67 0.0212
2018-05-04 2018-03-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 39,685 13,398 50.97 951 50.95 0.0197
2018-02-08 2017-12-31 13F DAVIS FUNDAMENTAL ETF TR SELECT FINL 23908L108 26,287 26,287 630 0.0132
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.