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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mercer Global Advisors
Denver,
Colorado
|
+$44.7M |
| 2 |
CC
Citrine Capital
San Francisco,
California
|
+$10.2M |
| 3 |
Jane Street
New York
|
+$2.62M |
| 4 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$2.59M |
| 5 |
EWM
Elmwood Wealth Management
Berkeley,
California
|
+$1.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$2.81M |
| 2 |
EC
Elequin Capital
New York
|
-$1.71M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.69M |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$1.05M |
| 5 |
PCA
Pallas Capital Advisors
Braintree,
Massachusetts
|
-$501K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$1.69M | -33,672 | Closed |
|
|
OMC
77
Old Mission Capital
Chicago,
Illinois
| – | -$1.05M | -20,994 | Closed |
|
|
PCA
78
Pallas Capital Advisors
Braintree,
Massachusetts
| – | -$501K | -10,000 | Closed |
|
|
GI
79
GAMMA Investing
Foster City,
California
| – | -$106K | -2,115 | Closed |
|
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.