Dimensional California Municipal Bond ETF
DFCA
48 hedge funds and large institutions have $538M invested in Dimensional California Municipal Bond ETF in 2025 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 26 increasing their positions, 7 reducing their positions, and 7 closing their positions.
271% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 7
11% more capital invested
Capital invested by funds: $483M → $538M (+$54.7M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.64% less ownership
Funds ownership: 134.08% → 131.44% (-2.6%)
4% less funds holding
Funds holding: 50 → 48 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Citrine Capital
San Francisco,
California
|
+$21.9M |
| 2 |
Mercer Global Advisors
Denver,
Colorado
|
+$18.2M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$9.41M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$7.42M |
| 5 |
CFO
Callan Family Office
Radnor,
Pennsylvania
|
+$4.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$4.4M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.01M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$912K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$658K |
| 5 |
HF
HRT Financial
New York
|
-$397K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Osaic Holdings
Scottsdale,
Arizona
| – | -$139K | -2,772 | Closed |
|
|
AWM
52
Angeles Wealth Management
Santa Monica,
California
| – | -$100K | -2,002 | Closed |
|
|
SIS
53
Strategic Investment Solutions
Orland Park,
Illinois
| – | -$101K | -1,992 | Closed |
|
54
Fidelity Investments
Boston,
Massachusetts
| – | -$91.7K | -1,833 | Closed |
|
|
CBT
55
CoreFirst Bank & Trust
Topeka,
Kansas
| – | -$19K | -380 | Closed |
|
DFCA Hedge Fund Activity: Q1 2025 in Review
48 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Dimensional California Municipal Bond ETF (DFCA) for Q1 2025, worth a combined $538M — up 11% from $483M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of DFCA and 5 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 26 added.
The largest buyer was Citrine Capital, adding an estimated $21.9M. The largest seller was Jane Street, cutting an estimated $4.4M.
- 48 institutional investors held Dimensional California Municipal Bond ETF (DFCA) as of Q1 2025, down from 50 in Q4 2024.
- Funds reported $538M of Dimensional California Municipal Bond ETF stock for Q1 2025, up 11% quarter-over-quarter.
- 5 funds opened new Dimensional California Municipal Bond ETF positions in Q1 2025 and 7 closed out, a net change of -2 holders.
- The largest Dimensional California Municipal Bond ETF buyer in Q1 2025 was Citrine Capital, an estimated $21.9M added.
- The largest Dimensional California Municipal Bond ETF seller in Q1 2025 was Jane Street, an estimated $4.4M sold.
Based on aggregated 13F filings for Q1 2025.