This article first appeared on GuruFocus .
US Small Cap Value Portfolio ETF Class Shares ( DFSV ) recorded a net outflow of $130.9 million on Wednesday, Nov. 4, with gross ETF activity of $259.6 million across a $27.15 billion portfolio. The fund increased 179 positions and decreased 246, with no new positions or full exits among its largest moves.
What did DFSV buy on Wednesday?
Its largest buys by dollar value were CLF ($7.4 million), CAG ($5.0 million) and ONB ($3.6 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| CLEVELAND CLIFFS INC COMMON STOCK USD.125 ( CLF ) |
+578,542 |
$7.4M |
0.29% of fund |
| CONAGRA BRANDS INC COMMON STOCK USD5.0 ( CAG ) |
+327,553 |
$5.0M |
0.46% of fund |
| OLD NATIONAL BANCORP COMMON STOCK ( ONB ) |
+139,988 |
$3.6M |
0.65% of fund |
| ALCOA CORP COMMON STOCK USD.01 ( AA ) |
+54,640 |
$2.2M |
0.33% of fund |
| CARMAX INC COMMON STOCK USD.5 ( KMX ) |
+38,288 |
$2.1M |
0.45% of fund |
What did DFSV sell on Wednesday?
Its largest sells by dollar value were RVTY ($27.0 million), DINO ($23.3 million) and OVV ($19.1 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| REVVITY INC COMMON STOCK USD1.0 ( RVTY ) |
-169,044 |
-$27.0M |
0.02% of fund |
| HF SINCLAIR CORP COMMON STOCK ( DINO ) |
-222,932 |
-$23.3M |
0.58% of fund |
| OVINTIV INC COMMON STOCK ( OVV ) |
-305,001 |
-$19.1M |
0.54% of fund |
| PERMIAN RESOURCES CORP CL A COMMON STOCK USD.0001 ( PR ) |
-849,580 |
-$19.1M |
0.01% of fund |
| PENSKE AUTOMOTIVE GROUP INC COMMON STOCK USD.0001 ( PAG ) |
-76,106 |
-$16.2M |
0.11% of fund |
The largest buy was Cleveland Cliffs Inc, up 578,542 shares for $7.4 million, or 0.29% of assets, followed by Conagra Brands at $5.0 million and Old National Bancorp at $3.6 million. On the sell side, Revvity Inc led with a $27.0 million reduction, ahead of HF Sinclair at $23.3 million, Ovintiv at $19.1 million, Permian Resources at $19.1 million and Penske Automotive Group at $16.2 million.
How does DFSV invest?
DFSV is an Equity US Sm&Mid Cap fund holding 833 stocks, with 6.9% of assets in its 10 largest holdings. Financial Services accounts for 28.8% of classified stocks, Industrials 15.6% and Consumer Cyclical 15.2%, while mid-caps make up 64.8%, small-caps 20.1% and large-caps 15.2%. It charges 0.31% and its top holdings are Elanco Animal Health at 0.82%, Skyworks Solutions at 0.73%, Invesco at 0.71%, Arrow Electronics at 0.7% and Stanley Black & Decker at 0.68%. The fund has a GF Score of 75, a P/E of 12.71, a P/B of 1.2, a dividend yield of 1.56% and a year-to-date return of 18.45%.
US Small Cap Value Portfolio ETF Class Shares ( DFSV ) at a glance
| Measure |
Value |
|---|---|
| Category |
Equity US Sm&Mid Cap |
| Asset class |
Equity |
| Holdings |
833 |
| Top 10 holdings |
6.9% of assets |
| Largest sectors |
Financial Services 28.8%, Industrials 15.6%, Consumer Cyclical 15.2% |
| Expense ratio |
0.31% |
| Market-cap mix |
Large 15.2%, mid 64.8%, small 20.1% |
| 75/100 |
|
| P/E |
12.71 |
| P/B |
1.20 |
| Dividend yield |
1.56% |
| Year-to-date return |
+18.45% |
| Top holdings |
ELAN (0.82%), SWKS (0.73%), IVZ (0.71%), ARW (0.70%), SWK (0.68%) |
See the full US Small Cap Value Portfolio ETF Class Shares profile , or compare it with similar funds in the ETF Screener . For the stock behind its biggest buy, see CLF's GF Value page and guru trades .
What should investors watch next for DFSV?
Watch whether DFSV keeps trimming energy names like HF Sinclair, Ovintiv and Permian Resources, and whether the $7.4 million Cleveland-Cliffs add grows into a larger position.
Based on holdings changes reported by US Small Cap Value Portfolio ETF Class Shares ( DFSV ) for Nov. 4, 2026, US-listed stocks only.
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