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Dimensional California Municipal Bond ETF
DFCA

24 hedge funds and large institutions have $386M invested in Dimensional California Municipal Bond ETF in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 0 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 2

26% more funds holding

Funds holding: 19 → 24 (+5)

19% more capital invested

Capital invested by funds: $326M → $386M (+$60.5M)

6.55% less ownership

Funds ownership: 157.42% → 150.88% (-6.5%)

Holders
24
Holders Change
+5
Holders Change %
+26.32%
% of All Funds
0.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
13
Reduced
–
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$22.4M
2
HighTower Advisors
HighTower Advisors
Illinois
+$18.2M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$17.5M
4
Jane Street
Jane Street
New York
+$1.67M
5
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
+$1.07M

Top Sellers

Rank Fund Capital Flow
1
PWM
Perigon Wealth Management
California
-$406K
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$1.01K
Name Holding Trade Value Shares
Change 		Change in
Stake
Mercer Global Advisors
1
Mercer Global Advisors
Colorado
$187M +$22.4M +443,081 +14%
Envestnet Asset Management
2
Envestnet Asset Management
Illinois
$170M +$17.5M +345,416 +11%
HighTower Advisors
3
HighTower Advisors
Illinois
$18.3M +$18.2M +359,715 +8,484%
Jane Street
4
Jane Street
New York
$2.56M +$1.67M +33,007 +185%
Commonwealth Equity Services
5
Commonwealth Equity Services
Massachusetts
$2.33M +$29K +574 +1%
Wealth Enhancement Advisory Services
6
Wealth Enhancement Advisory Services
Minnesota
$1.06M +$1.07M +21,065 New
TWM
7
TriaGen Wealth Management
California
$743K +$498K +9,831 +200%
TLFA
8
True Link Financial Advisors
California
$590K +$592K +11,700 New
TIM
9
Tortoise Investment Management
New York
$566K +$69.8K +1,380 +14%
FWM
10
FMB Wealth Management
California
$561K +$49K +968 +10%
Corient Private Wealth
11
Corient Private Wealth
Florida
$540K +$27K +534 +5%
FNBSF
12
First National Bank Sioux Falls
South Dakota
$378K +$380K +7,500 New
CL
13
Choreo LLC
Illinois
$334K +$335K +6,626 New
RLIM
14
Red Lighthouse Investment Management
New York
$325K +$74.9K +1,481 +30%
RIP
15
RAM Investment Partners
Washington
$282K +$12K +237 +4%
BEW
16
Burton Enright Welch
California
$203K +$51 +1 +0%
JP Morgan Chase
17
JP Morgan Chase
New York
$183K +$183K +3,626 New
Osaic Holdings
18
Osaic Holdings
Arizona
$130K +$92.3K +1,824 +244%
SRCM
19
Signature Resources Capital Management
California
$122K – – –
AWM
20
Angeles Wealth Management
California
$101K +$101K +2,002 New
CBT
21
CoreFirst Bank & Trust
Kansas
$52K +$52.2K +1,032 New
IA
22
IFP Advisors
Florida
$50.6K – – –
UBS Group
23
UBS Group
Switzerland
$2.37K +$2.38K +47 New
BIA
24
Bell Investment Advisors
California
$1.27K – – –
PWM
25
Perigon Wealth Management
California
– -$406K -8,000 Closed
1
2

DFCA Hedge Fund Activity: Q1 2024 in Review

24 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Dimensional California Municipal Bond ETF (DFCA) for Q1 2024, worth a combined $386M — up 19% from $326M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new DFCA positions and 2 closed out — a net gain of 6 holders — while 13 added to existing stakes and 0 trimmed.

The largest buyer was Mercer Global Advisors, adding an estimated $22.4M. The largest seller was Perigon Wealth Management, exiting entirely with an estimated $406K sold.

  • 24 institutional investors held Dimensional California Municipal Bond ETF (DFCA) as of Q1 2024, up from 19 in Q4 2023.
  • Funds reported $386M of Dimensional California Municipal Bond ETF stock for Q1 2024, up 19% quarter-over-quarter.
  • 8 funds opened new Dimensional California Municipal Bond ETF positions in Q1 2024 and 2 closed out, a net change of +6 holders.
  • The largest Dimensional California Municipal Bond ETF buyer in Q1 2024 was Mercer Global Advisors, an estimated $22.4M added.
  • The largest Dimensional California Municipal Bond ETF seller in Q1 2024 was Perigon Wealth Management, an estimated $406K sold.

Based on aggregated 13F filings for Q1 2024.