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Confluence Investment Management’s Dimensional National Municipal Bond ETF DFNM Stock Holding History

Confluence Investment Management’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
2026
Q3 		$8.35M Sell
181,363
-8,265
-4% -$392K 0.14% 111
2026
Q2 		$9.17M Sell
189,628
-15,734
-8% -$759K 0.14% 103
2026
Q1 		$9.84M Sell
205,362
-4,161
-2% -$202K 0.15% 104
2025
Q4 		$10.1M Sell
209,523
-6,869
-3% -$331K 0.15% 104
2025
Q3 		$10.4M Buy
216,392
+48,497
+29% +$2.31M 0.15% 105
2025
Q2 		$7.96M Sell
167,895
-5,328
-3% -$252K 0.11% 114
2025
Q1 		$8.24M Sell
173,223
-4,194
-2% -$201K 0.12% 114
2024
Q4 		$8.48M Sell
177,417
-8,564
-5% -$412K 0.12% 113
2024
Q3 		$9.03M Sell
185,981
-43,634
-19% -$2.1M 0.12% 113
2024
Q2 		$11M Sell
229,615
-672
-0.3% -$32.1K 0.16% 106
2024
Q1 		$11.1M Sell
230,287
-664
-0.3% -$32.1K 0.15% 105
2023
Q4 		$11.2M Sell
230,951
-2,237
-1% -$106K 0.16% 105
2023
Q3 		$10.8M Sell
233,188
-1,164
-0.5% -$55.1K 0.17% 102
2023
Q2 		$11.2M Sell
234,352
-5,253
-2% -$251K 0.16% 105
2023
Q1 		$11.6M Buy
239,605
+2,532
+1% +$122K 0.17% 100
2022
Q4 		$11.3M Buy
+237,073
New +$11.2M 0.17% 99

Confluence Investment Management's DFNM Position: Q3 2026 in Review

Confluence Investment Management reduced its Dimensional National Municipal Bond ETF (DFNM) stake by 4.4% in Q3 2026, selling an estimated $392K and leaving 181,363 shares worth $8.35M. The position accounts for 0.14% of the portfolio, ranked #111.

Confluence Investment Management first reported a position in DFNM in Q4 2022 and has held it in 16 quarters since. The position peaked at $11.6M in Q1 2023. 1 fund tracked by Wall St. Rank holds DFNM as of Q3 2026.

  • Confluence Investment Management held 181,363 shares of Dimensional National Municipal Bond ETF worth $8.35M as of Q3 2026.
  • Confluence Investment Management sold 8,265 Dimensional National Municipal Bond ETF shares in Q3 2026, an estimated $392K.
  • Dimensional National Municipal Bond ETF made up 0.14% of Confluence Investment Management's portfolio in Q3 2026, its #111 holding.
  • Confluence Investment Management first reported a position in Dimensional National Municipal Bond ETF in Q4 2022 and has held it in 16 quarters since.
  • Confluence Investment Management's Dimensional National Municipal Bond ETF position peaked at $11.6M in Q1 2023.
  • 1 fund tracked by Wall St. Rank held Dimensional National Municipal Bond ETF as of Q3 2026.

Based on Confluence Investment Management's 13F filing for Q3 2026, filed 1 Oct 2026.