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Shearwater Capital’s Dimensional National Municipal Bond ETF DFNM Stock Holding History

Shearwater Capital’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
Q2 		$1.92M Sell
39,791
-4,325
-10% -$209K 0.92% 15
2026
Q1 		$2.11M Sell
44,116
-584
-1% -$28.3K 1.11% 13
2025
Q4 		$2.15M Buy
44,700
+2,445
+6% +$118K 1.24% 11
2025
Q3 		$2.03M Buy
42,255
+2,204
+6% +$105K 1.2% 11
2025
Q2 		$1.9M Buy
40,051
+1,076
+3% +$50.8K 1.19% 11
2025
Q1 		$1.85M Buy
38,975
+1,992
+5% +$95.4K 1.3% 11
2024
Q4 		$1.77M Buy
36,983
+1,612
+5% +$77.6K 1.2% 13
2024
Q3 		$1.72M Buy
35,371
+1,263
+4% +$60.9K 1.18% 11
2024
Q2 		$1.63M Buy
34,108
+2,504
+8% +$120K 1.2% 12
2024
Q1 		$1.52M Buy
31,604
+1,069
+4% +$51.6K 1.12% 12
2023
Q4 		$1.48M Sell
30,535
-178
-0.6% -$8.41K 1.18% 11
2023
Q3 		$1.43M Sell
30,713
-381
-1% -$18K 1.29% 11
2023
Q2 		$1.48M Buy
31,094
+7,899
+34% +$378K 1.29% 11
2023
Q1 		$1.12M Buy
23,195
+3,615
+18% +$174K 1.04% 13
2022
Q4 		$936K Buy
19,580
+4,792
+32% +$226K 0.95% 16
2022
Q3 		$690K Buy
14,788
+4,211
+40% +$203K 0.78% 19
2022
Q2 		$508K Buy
10,577
+2,190
+26% +$105K 0.55% 22
2022
Q1 		$406K Buy
8,387
+3,538
+73% +$175K 0.37% 23
2021
Q4 		$244K Buy
+4,849
New +$244K 0.21% 35

Other funds holding DFNM

Focus Partners Wealth
Focus Partners Wealth Boston, Massachusetts $97.6B AUM 29.43% 1-Year Est. Return
TI
Truepoint Inc Cincinnati, Ohio $4.79B AUM 16.42% 1-Year Est. Return
FPAS
Focus Partners Advisor Solutions Saint Louis, Missouri $11.8B AUM 25.68% 1-Year Est. Return
AC
Apella Capital West Hartford, Connecticut $7.08B AUM 17.38% 1-Year Est. Return
FG
Foster Group West Des Moines, Iowa $3.76B AUM 21.29% 1-Year Est. Return
SP
Symmetry Partners Glastonbury, Connecticut $1.96B AUM 19.83% 1-Year Est. Return
GM
GeoWealth Management Chicago, Illinois $3.18B AUM 21.22% 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
Pathstone Holdings
Pathstone Holdings Englewood, New Jersey $34.3B AUM 27.35% 1-Year Est. Return

Shearwater Capital's DFNM Position: Q2 2026 in Review

Shearwater Capital reduced its Dimensional National Municipal Bond ETF (DFNM) stake by 9.8% in Q2 2026, selling an estimated $209K and leaving 39,791 shares worth $1.92M. The position accounts for 0.92% of the portfolio, ranked #15.

Shearwater Capital first reported a position in DFNM in Q4 2021 and has held it in 19 quarters since. The position peaked at $2.15M in Q4 2025. 294 funds tracked by Wall St. Rank hold DFNM as of Q2 2026.

  • Shearwater Capital held 39,791 shares of Dimensional National Municipal Bond ETF worth $1.92M as of Q2 2026.
  • Shearwater Capital sold 4,325 Dimensional National Municipal Bond ETF shares in Q2 2026, an estimated $209K.
  • Dimensional National Municipal Bond ETF made up 0.92% of Shearwater Capital's portfolio in Q2 2026, its #15 holding.
  • Shearwater Capital first reported a position in Dimensional National Municipal Bond ETF in Q4 2021 and has held it in 19 quarters since.
  • Shearwater Capital's Dimensional National Municipal Bond ETF position peaked at $2.15M in Q4 2025.
  • 294 funds tracked by Wall St. Rank held Dimensional National Municipal Bond ETF as of Q2 2026.

Based on Shearwater Capital's 13F filing for Q2 2026, filed 8 Jul 2026.