Waverly Boosts Q1 Portfolio
Waverly Advisors Adds New Positions in Diversified ETFs and Equities in Q1
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Beyond Waverly’s DFAC stake, several other large investors added or expanded positions in the Dimensional U.S. Core Equity 2 ETF in Q1, including Broadhurst Jeffrey B (~$9.98 million), Renaissance Technologies (~$3.76 million), Rockbridge Investment Management increasing to 3,814,103 shares (up 8.1%, now about $148.22 million), Sei Investments increasing to 246,847 shares (up 33.1%, about $9.59 million), and Monograph Wealth Advisors rising to 6,838,156 shares (about $265.73 million).
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In the JPMorgan U.S. Quality Factor ETF (JQUA), other funds also boosted holdings in Q1: Focus Partners Wealth opened 1,368,506 shares (~$86.46 million), Savant Capital LLC now holds 10,256,962 shares (~$648.04 million), Hughes Financial Services increased to 876,395 shares (~$55.37 million), UMB Bank n.a. owns 750,679 shares (~$47.43 million), and Savvy Advisors Inc. holds 1,358,559 shares (~$85.83 million).
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For VICI Properties, Waverly’s 22,201-share purchase adds to a market where roughly 97.71% of the stock is owned by hedge funds and institutional investors; other new or notable positions include State of Wyoming, Headlands Technologies, Bayban, Dynamic Wealth Strategies, and BOKF NA.
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In CGHM, Waverly bought 21,487 shares (~$544,000); other institutions increasing exposure include Bank of America Corp DE (~$34,000), CIBC Private Wealth Group LLC (~$48,000), Advisory Services Network LLC (~$61,000), Camelot Portfolios LLC (~$67,000), and Flagship Harbor Advisors LLC (~$68,000).
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For Molina Healthcare, Waverly’s new 4,466-share stake (~$595,000) sits among other funds entering MOH; notable additions include Torren Management, MUFG Securities EMEA, Quarry LP, Triumph Capital Management, and Physician Wealth Advisors, with hedge funds owning about 98.5% of MOH.
Waverly Advisors LLC made five new equity and ETF purchases in the first quarter, spending roughly $2.86 million across diversified asset classes, according to Watchlist News. The firm picked up shares in DFAC, JQUA, VICI Properties, CGHM, and Molina Healthcare — a mix spanning real estate, healthcare, fixed income, and broad U.S. equity exposure.
The moves signal active, opportunistic positioning. Waverly was far from alone — dozens of other institutional investors added or expanded stakes in the same securities during Q1, per Watchlist News.
Waverly Spreads $2.86 Million Across Five New Positions
Waverly's largest single purchase by share count was VICI Properties. The firm bought 22,201 shares worth about $607,000, according to Watchlist News. It also bought 21,487 shares of the Capital Group Municipal High-Income ETF (CGHM) for roughly $544,000, and 9,694 shares of the JPMorgan U.S. Quality Factor ETF (JQUA) for about $594,000.
Rounding out the quarter, Waverly added 13,496 shares of the Dimensional U.S. Core Equity 2 ETF (DFAC) for around $524,000. It also opened a new stake in Molina Healthcare (MOH) — 4,466 shares valued at roughly $595,000. No single bet dominated. Each position sat between $500,000 and $610,000.
Big Funds Pile Into DFAC and JQUA Alongside Waverly
Waverly's DFAC stake is small compared to peers. Monograph Wealth Advisors holds 6,838,156 shares worth about $265.73 million. Rockbridge Investment Management grew its position 8.1% to 3,814,103 shares — now valued near $148.22 million. Sei Investments jumped 33.1% to 246,847 shares, per Watchlist News.
JQUA attracted even bigger flows. Savant Capital LLC now holds 10,256,962 shares worth roughly $648.04 million. Focus Partners Wealth opened a brand-new position of 1,368,506 shares (~$86.46 million). Hughes Financial Services increased to 876,395 shares (~$55.37 million), according to Watchlist News.
VICI and MOH Draw Heavy Institutional Ownership
VICI Properties is nearly entirely owned by institutions. About 97.71% of the stock sits with hedge funds and asset managers, per Watchlist News. New buyers in Q1 include State of Wyoming, Headlands Technologies, Bayban, Dynamic Wealth Strategies, and BOKF NA — all adding fresh positions alongside Waverly.
Molina Healthcare tells a similar story. Hedge funds own about 98.5% of MOH, according to Watchlist News. New entrants in Q1 include Torren Management, MUFG Securities EMEA, Quarry LP, Triumph Capital Management, and Physician Wealth Advisors. Waverly's $595,000 stake is a small slice of a heavily institutional stock.
CGHM Draws Modest But Broad Institutional Interest
The Capital Group Municipal High-Income ETF saw smaller dollar moves but broad participation. Bank of America Corp DE added about $34,000 worth. CIBC Private Wealth Group LLC put in roughly $48,000. Advisory Services Network LLC added $61,000, and Camelot Portfolios LLC added $67,000, per Watchlist News.
Flagship Harbor Advisors LLC added $68,000 in CGHM during Q1. These are modest sums, but the wide spread of buyers shows growing interest in municipal high-income fixed income as an alternative to straight equity exposure. Waverly's $544,000 purchase was one of the larger individual additions reported.
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