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Dimensional US Small Cap ETF
DFAS

575 hedge funds and large institutions have $5.49B invested in Dimensional US Small Cap ETF in 2023 Q4 according to their latest regulatory filings, with 105 funds opening new positions, 256 increasing their positions, 136 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 105 | Existing positions closed: 21

88% more repeat investments, than reductions

Existing positions increased: 256 | Existing positions reduced: 136

38% more funds holding in top 10

Funds holding in top 10: 60 → 83 (+23)

30% more capital invested

Capital invested by funds: $4.21B → $5.49B (+$1.28B)

15% more funds holding

Funds holding: 499 → 575 (+76)

3.99% more ownership

Funds ownership: 73.46% → 77.45% (+4%)

Holders
575
Holders Change
+76
Holders Change %
+15.23%
% of All Funds
8.38%
Holding in Top 10
83
Holding in Top 10 Change
+23
Holding in Top 10 Change %
+38.33%
% of All Funds
1.21%
New
105
Increased
256
Reduced
136
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FCI
Financial Counselors Inc
Kansas
+$73.2M
2
MPWT
MassMutual Private Wealth & Trust
Connecticut
+$50.9M
3
Creative Planning
Creative Planning
Kansas
+$48.8M
4
Bank of America
Bank of America
North Carolina
+$42.6M
5
APF
Alaska Permanent Fund
Alaska
+$31.5M

Top Sellers

Rank Fund Capital Flow
1
SIS
Strategic Investment Solutions
Illinois
-$49.9M
2
BFG
Bouchey Financial Group
New York
-$11.8M
3
FPAS
Focus Partners Advisor Solutions
Missouri
-$6.75M
4
SFO
Stokes Family Office
Louisiana
-$6.01M
5
FCG
Financial Connections Group
California
-$5.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
SFO
451
Stokes Family Office
Louisiana
$294K -$6.01M -112,113 -96%
LNC
452
Lincoln National Corp
Pennsylvania
$290K +$18.4K +343 +8%
MWM
453
Meritas Wealth Management
California
$289K +$12.9K +241 +5%
AWA
454
Arbor Wealth Advisors
Michigan
$284K +$255K +4,765 New
Lido Advisors
455
Lido Advisors
California
$280K -$20.1K -375 -7%
RWM
456
RKL Wealth Management
Pennsylvania
$277K – – –
MSF
457
Mustard Seed Financial
Arkansas
$276K +$248K +4,636 New
FS
458
Financial Symmetry
North Carolina
$276K +$248K +4,632 New
SW
459
SteelPeak Wealth
California
$276K – – –
FRA
460
Frank Rimerman Advisors
California
$273K +$268 +5 +0.1%
WKWM
461
Walter & Keenan Wealth Management
Indiana
$268K +$241K +4,490 New
AWA
462
Acorn Wealth Advisors
Michigan
$267K +$240K +4,472 New
CFGS
463
Concourse Financial Group Securities
Alabama
$262K +$19.1K +357 +9%
QCM
464
QRG Capital Management
Illinois
$259K -$40.9K -763 -15%
PAG
465
Powers Advisory Group
Illinois
$256K +$230K +4,293 New
SWP
466
Summit Wealth Partners
Florida
$255K – – –
VWA
467
Visionary Wealth Advisors
Illinois
$250K – – –
CA
468
Cornerstone Advisory
Maryland
$247K – – –
HI
469
Harbour Investments
Wisconsin
$244K -$10.7K -199 -5%
MWM
470
MBE Wealth Management
Wisconsin
$242K +$218K +4,065 New
GA
471
Goldstein Advisors
Wisconsin
$242K – – –
SOAG
472
Silver Oak Advisory Group
Oregon
$241K – – –
SCTC
473
Sanibel Captiva Trust Company
Florida
$237K +$213K +3,970 New
PCIA
474
Prime Capital Investment Advisors
Kansas
$235K +$211K +3,945 New
BCM
475
BluePointe Capital Management
California
$233K +$210K +3,915 New
17 18
19
20 21

DFAS Hedge Fund Activity: Q4 2023 in Review

575 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Dimensional US Small Cap ETF (DFAS) for Q4 2023, worth a combined $5.49B — up 30% from $4.21B a quarter earlier.

Buyers outnumbered sellers: 105 funds opened new DFAS positions and 21 closed out — a net gain of 84 holders — while 256 added to existing stakes and 136 trimmed.

The largest buyer was Financial Counselors Inc, adding an estimated $73.2M. The largest seller was Strategic Investment Solutions, cutting an estimated $49.9M.

  • 575 institutional investors held Dimensional US Small Cap ETF (DFAS) as of Q4 2023, up from 499 in Q3 2023.
  • Funds reported $5.49B of Dimensional US Small Cap ETF stock for Q4 2023, up 30% quarter-over-quarter.
  • 105 funds opened new Dimensional US Small Cap ETF positions in Q4 2023 and 21 closed out, a net change of +84 holders.
  • The largest Dimensional US Small Cap ETF buyer in Q4 2023 was Financial Counselors Inc, an estimated $73.2M added.
  • The largest Dimensional US Small Cap ETF seller in Q4 2023 was Strategic Investment Solutions, an estimated $49.9M sold.

Based on aggregated 13F filings for Q4 2023.