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Dimensional California Municipal Bond ETF
DFCA

19 hedge funds and large institutions have $326M invested in Dimensional California Municipal Bond ETF in 2023 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,300% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 1

217% more funds holding

Funds holding: 6 → 19 (+13)

50% more repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 2

14% more capital invested

Capital invested by funds: $286M → $326M (+$40.2M)

8.09% less ownership

Funds ownership: 165.52% → 157.42% (-8.1%)

Holders
19
Holders Change
+13
Holders Change %
+216.67%
% of All Funds
0.28%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
3
Reduced
2
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$18.2M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$8.67M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$2.26M
4
Corient Private Wealth
Corient Private Wealth
Florida
+$504K
5
FWM
FMB Wealth Management
California
+$504K

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$2.91M
2
OMC
Old Mission Capital
Illinois
-$364K
3
IA
IFP Advisors
Florida
-$49.7K
Name Holding Trade Value Shares
Change 		Change in
Stake
Mercer Global Advisors
1
Mercer Global Advisors
Colorado
$166M +$18.2M +366,577 +13%
Envestnet Asset Management
2
Envestnet Asset Management
Illinois
$153M +$8.67M +174,884 +6%
Commonwealth Equity Services
3
Commonwealth Equity Services
Massachusetts
$2.31M +$2.26M +45,609 New
Jane Street
4
Jane Street
New York
$905K -$2.91M -58,639 -77%
Corient Private Wealth
5
Corient Private Wealth
Florida
$517K +$504K +10,180 New
FWM
6
FMB Wealth Management
California
$516K +$504K +10,160 New
TIM
7
Tortoise Investment Management
New York
$499K +$157K +3,173 +48%
PWM
8
Perigon Wealth Management
California
$406K +$396K +8,000 New
RIP
9
RAM Investment Partners
Washington
$272K +$265K +5,355 New
RLIM
10
Red Lighthouse Investment Management
New York
$252K +$246K +4,967 New
TWM
11
TriaGen Wealth Management
California
$249K +$244K +4,915 New
HighTower Advisors
12
HighTower Advisors
Illinois
$214K +$210K +4,240 New
BEW
13
Burton Enright Welch
California
$205K +$200K +4,035 New
SRCM
14
Signature Resources Capital Management
California
$122K +$119K +2,396 New
SIS
15
Strategic Investment Solutions
Illinois
$101K +$98.7K +1,992 New
IA
16
IFP Advisors
Florida
$50.9K -$49.7K -1,003 -50%
Osaic Holdings
17
Osaic Holdings
Arizona
$37.9K +$37K +747 New
BIA
18
Bell Investment Advisors
California
$1.28K +$1.24K +25 New
Fidelity Investments
19
Fidelity Investments
Massachusetts
$1.01K +$991 +20 New
OMC
20
Old Mission Capital
Illinois
– -$364K -7,447 Closed

DFCA Hedge Fund Activity: Q4 2023 in Review

19 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Dimensional California Municipal Bond ETF (DFCA) for Q4 2023, worth a combined $326M — up 14% from $286M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new DFCA positions and 1 closed out — a net gain of 13 holders — while 3 added to existing stakes and 2 trimmed.

The largest buyer was Mercer Global Advisors, adding an estimated $18.2M. The largest seller was Jane Street, cutting an estimated $2.91M.

  • 19 institutional investors held Dimensional California Municipal Bond ETF (DFCA) as of Q4 2023, up from 6 in Q3 2023.
  • Funds reported $326M of Dimensional California Municipal Bond ETF stock for Q4 2023, up 14% quarter-over-quarter.
  • 14 funds opened new Dimensional California Municipal Bond ETF positions in Q4 2023 and 1 closed out, a net change of +13 holders.
  • The largest Dimensional California Municipal Bond ETF buyer in Q4 2023 was Mercer Global Advisors, an estimated $18.2M added.
  • The largest Dimensional California Municipal Bond ETF seller in Q4 2023 was Jane Street, an estimated $2.91M sold.

Based on aggregated 13F filings for Q4 2023.