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Dimensional US Small Cap ETF
DFAS

753 hedge funds and large institutions have $7.16B invested in Dimensional US Small Cap ETF in 2025 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 351 increasing their positions, 213 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

97% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 33

65% more repeat investments, than reductions

Existing positions increased: 351 | Existing positions reduced: 213

2% more funds holding

Funds holding: 740 → 753 (+13)

0.58% less ownership

Funds ownership: 78.7% → 78.12% (-0.58%)

3% less capital invested

Capital invested by funds: $7.38B → $7.16B (-$226M)

11% less funds holding in top 10

Funds holding in top 10: 107 → 95 (-12)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $6K

Holders
753
Holders Change
+13
Holders Change %
+1.76%
% of All Funds
10.1%
Holding in Top 10
95
Holding in Top 10 Change
-12
Holding in Top 10 Change %
-11.21%
% of All Funds
1.27%
New
65
Increased
351
Reduced
213
Closed
33
Calls
–
Puts
$6K
Net Calls
-$6K
Net Calls Change
+$7K

Top Buyers

Rank Fund Capital Flow
1
Creative Planning
Creative Planning
Kansas
+$230M
2
Northern Trust
Northern Trust
Illinois
+$29.1M
3
FC
Financial Consulate
Maryland
+$22.8M
4
Brown Advisory
Brown Advisory
Maryland
+$16M
5
RFP
Root Financial Partners
California
+$15.8M

Top Sellers

Rank Fund Capital Flow
1
EFP
Elser Financial Planning
Indiana
-$45.9M
2
IFA
Index Fund Advisors
California
-$44.5M
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$21.1M
4
I
INVST
Indiana
-$10.3M
5
CW
Curio Wealth
Maryland
-$5.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
FPAS
26
Focus Partners Advisor Solutions
Missouri
$47.2M +$4.58M +71,147 +10%
AP
27
Adero Partners
California
$47.1M +$2.41M +37,420 +5%
UBS Group
28
UBS Group
Switzerland
$43.2M -$2.72M -42,338 -6%
DPW
29
DiNuzzo Private Wealth
Pennsylvania
$42.1M -$2.96K -46 -0%
SCM
30
Stordahl Capital Management
Colorado
$42M +$1.93M +29,935 +4%
GVAG
31
Great Valley Advisor Group
Delaware
$41.9M +$2.31M +35,990 +5%
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$40.9M -$3.85M -59,842 -8%
Corient Private Wealth
33
Corient Private Wealth
Florida
$40.3M +$2.43M +37,759 +6%
Raymond James Financial
34
Raymond James Financial
Florida
$38.1M +$6.56M +101,983 +19%
CPIG
35
Chicago Partners Investment Group
Illinois
$35.9M +$2.69M +41,823 +7%
DFS
36
Dixon Fnancial Services
California
$34.3M -$219K -3,413 -0.6%
BHWM
37
Beaird Harris Wealth Management
Texas
$34.1M -$1.23M -19,134 -3%
MWM
38
Modera Wealth Management
New Jersey
$33.8M +$191K +2,967 +0.5%
WMN
39
Wealth Management Nebraska
Nebraska
$33.1M -$176K -2,734 -0.5%
SWA
40
Sax Wealth Advisors
New Jersey
$33M +$841K +13,071 +2%
Truist Financial
41
Truist Financial
North Carolina
$31.2M -$2.17M -33,723 -6%
Pathstone Holdings
42
Pathstone Holdings
New Jersey
$30.8M +$1.69M +26,232 +5%
BFG
43
Bleakley Financial Group
New Jersey
$29.5M +$2.39M +37,136 +8%
DP
44
Divergent Planning
Maryland
$28.7M +$1.04M +16,163 +4%
Cerity Partners
45
Cerity Partners
New York
$28.4M +$1.7M +26,433 +6%
SFA
46
Sequoia Financial Advisors
Ohio
$28.4M -$229K -3,568 -0.7%
AAM
47
Austin Asset Management
Texas
$27.6M -$1.33M -20,711 -4%
HIG
48
Heritage Investment Group
Florida
$27.4M -$259K -4,033 -0.9%
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$26.8M -$21.1M -327,726 -42%
KL
50
KWMG LLC
Kansas
$26.7M +$1.06M +16,542 +4%
1
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3 4 5

DFAS Hedge Fund Activity: Q1 2025 in Review

753 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Dimensional US Small Cap ETF (DFAS) for Q1 2025, worth a combined $7.16B — down 3.1% from $7.38B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new DFAS positions and 33 closed out — a net gain of 32 holders — while 351 added to existing stakes and 213 trimmed.

The largest buyer was Creative Planning, adding an estimated $230M. The largest seller was Elser Financial Planning, cutting an estimated $45.9M.

  • 753 institutional investors held Dimensional US Small Cap ETF (DFAS) as of Q1 2025, up from 740 in Q4 2024.
  • Funds reported $7.16B of Dimensional US Small Cap ETF stock for Q1 2025, down 3.1% quarter-over-quarter.
  • 65 funds opened new Dimensional US Small Cap ETF positions in Q1 2025 and 33 closed out, a net change of +32 holders.
  • The largest Dimensional US Small Cap ETF buyer in Q1 2025 was Creative Planning, an estimated $230M added.
  • The largest Dimensional US Small Cap ETF seller in Q1 2025 was Elser Financial Planning, an estimated $45.9M sold.

Based on aggregated 13F filings for Q1 2025.