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Dimensional California Municipal Bond ETF
DFCA

74 hedge funds and large institutions have $520M invested in Dimensional California Municipal Bond ETF in 2026 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 14 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 14

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

13% more capital invested

Capital invested by funds: $459M → $520M (+$60.7M)

7% more funds holding

Funds holding: 69 → 74 (+5)

0.78% more ownership

Funds ownership: 77.06% → 77.84% (+0.78%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
74
Holders Change
+5
Holders Change %
+7.25%
% of All Funds
0.91%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
33
Reduced
14
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$44.7M
2
CC
Citrine Capital
California
+$10.2M
3
Jane Street
Jane Street
New York
+$2.62M
4
IWC
Integrated Wealth Concepts
Massachusetts
+$2.59M
5
EWM
Elmwood Wealth Management
California
+$1.79M

Top Sellers

Rank Fund Capital Flow
1
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
-$2.81M
2
EC
Elequin Capital
New York
-$1.71M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.69M
4
OMC
Old Mission Capital
Illinois
-$1.05M
5
PCA
Pallas Capital Advisors
Massachusetts
-$501K
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
26
Parallel Advisors
California
$955K +$490K +9,729 +103%
BEW
27
Burton Enright Welch
California
$914K +$7.71K +153 +0.8%
Citadel Advisors
28
Citadel Advisors
Florida
$904K +$429K +8,525 +89%
PFG
29
Prospect Financial Group
Virginia
$895K -$9.06K -180 -1%
RIP
30
RAM Investment Partners
Washington
$863K +$74.2K +1,473 +9%
WAS
31
WESPAC Advisors SoCal
California
$726K -$187K -3,718 -20%
RW
32
RVW Wealth
California
$679K +$686K +13,627 New
TLFA
33
True Link Financial Advisors
California
$664K – – –
Raymond James Financial
34
Raymond James Financial
Florida
$658K – – –
CIA
35
Concurrent Investment Advisors
Florida
$646K +$652K +12,952 New
JP Morgan Chase
36
JP Morgan Chase
New York
$544K -$60.4K -1,200 -10%
FFG
37
Fiduciary Financial Group
California
$518K – – –
VFG
38
V2 Financial group
Illinois
$496K +$501K +9,940 New
AC
39
Apella Capital
Connecticut
$465K +$93.8K +1,863 +25%
RLIM
40
Red Lighthouse Investment Management
New York
$452K – – –
RWA
41
Roberts Wealth Advisors
California
$426K +$5.64K +112 +1%
HWMG
42
Hurlow Wealth Management Group
Indiana
$347K – – –
FFA
43
Farther Finance Advisors
California
$346K -$5.04K -100 -1%
TIM
44
Tortoise Investment Management
New York
$329K – – –
Pathstone Holdings
45
Pathstone Holdings
New Jersey
$328K – – –
SPA
46
Shore Point Advisors
New Jersey
$326K +$51.2K +1,017 +18%
FA
47
Fermata Advisors
California
$312K +$1.71K +34 +0.5%
JWM
48
Johnson Wealth Management
North Dakota
$307K +$15.6K +310 +5%
BCM
49
Brookstone Capital Management
Illinois
$299K -$49.7K -986 -14%
HNWA
50
Henrickson Nauta Wealth Advisors
Michigan
$298K +$301K +5,970 New
1
2
3 4

DFCA Hedge Fund Activity: Q1 2026 in Review

74 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Dimensional California Municipal Bond ETF (DFCA) for Q1 2026, worth a combined $520M — up 13% from $459M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new DFCA positions and 5 closed out — a net gain of 6 holders — while 33 added to existing stakes and 14 trimmed.

The largest buyer was Mercer Global Advisors, adding an estimated $44.7M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $2.81M.

  • 74 institutional investors held Dimensional California Municipal Bond ETF (DFCA) as of Q1 2026, up from 69 in Q4 2025.
  • Funds reported $520M of Dimensional California Municipal Bond ETF stock for Q1 2026, up 13% quarter-over-quarter.
  • 11 funds opened new Dimensional California Municipal Bond ETF positions in Q1 2026 and 5 closed out, a net change of +6 holders.
  • The largest Dimensional California Municipal Bond ETF buyer in Q1 2026 was Mercer Global Advisors, an estimated $44.7M added.
  • The largest Dimensional California Municipal Bond ETF seller in Q1 2026 was Wealth Enhancement Advisory Services, an estimated $2.81M sold.

Based on aggregated 13F filings for Q1 2026.