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Cliff Asness’s Dimensional National Municipal Bond ETF DFNM Stock Holding History

Cliff Asness’s Portfolio DFNM Stock Details DFNM Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q2 		– Sell
-5,786
Closed -$275K – 3311
2025
Q1 		$275K Sell
5,786
-38
-0.7% -$1.82K ﹤0.01% 2729
2024
Q4 		$278K Sell
5,824
-35
-0.6% -$1.68K ﹤0.01% 2523
2024
Q3 		$284K Buy
+5,859
New +$283K ﹤0.01% 2418

Other funds holding DFNM

TI
Truepoint Inc Cincinnati, Ohio $4.79B AUM 16.42% 1-Year Est. Return
Focus Partners Wealth
Focus Partners Wealth Boston, Massachusetts $97.6B AUM 29.43% 1-Year Est. Return
FG
Foster Group West Des Moines, Iowa $3.76B AUM 21.29% 1-Year Est. Return
GM
GeoWealth Management Chicago, Illinois $3.18B AUM 21.22% 1-Year Est. Return
BHWM
Beaird Harris Wealth Management Dallas, Texas $1.6B AUM 16.64% 1-Year Est. Return
Pathstone Holdings
Pathstone Holdings Englewood, New Jersey $34.3B AUM 27.35% 1-Year Est. Return
RK
Rather & Kittrell Knoxville, Tennessee $716M AUM 15.48% 1-Year Est. Return
SFA
Sequoia Financial Advisors Akron, Ohio $20.1B AUM 24.77% 1-Year Est. Return
FPAS
Focus Partners Advisor Solutions Saint Louis, Missouri $11.8B AUM 25.68% 1-Year Est. Return
MW
MBL Wealth Charlotte, North Carolina $1.47B AUM 19.75% 1-Year Est. Return

Cliff Asness's DFNM Position: Q2 2025 in Review

Cliff Asness sold out of Dimensional National Municipal Bond ETF (DFNM) in Q2 2025, closing a stake of 5,786 shares — an estimated $275K sold.

Cliff Asness first reported a position in DFNM in Q3 2024 and held it in 3 quarters. The position peaked at $284K in Q3 2024. 241 funds tracked by Wall St. Rank hold DFNM as of Q2 2025.

  • Cliff Asness reported no remaining Dimensional National Municipal Bond ETF position as of Q2 2025 after selling out during the quarter.
  • Cliff Asness sold 5,786 Dimensional National Municipal Bond ETF shares in Q2 2025, an estimated $275K.
  • Cliff Asness first reported a position in Dimensional National Municipal Bond ETF in Q3 2024 and held it in 3 quarters.
  • Cliff Asness's Dimensional National Municipal Bond ETF position peaked at $284K in Q3 2024.
  • 241 funds tracked by Wall St. Rank held Dimensional National Municipal Bond ETF as of Q2 2025.

Based on AQR Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.