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Dimensional California Municipal Bond ETF
DFCA

50 hedge funds and large institutions have $483M invested in Dimensional California Municipal Bond ETF in 2024 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 19 increasing their positions, 6 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,500% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 1

217% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 6

43% more funds holding

Funds holding: 35 → 50 (+15)

3% more capital invested

Capital invested by funds: $469M → $483M (+$14.5M)

9.62% less ownership

Funds ownership: 143.7% → 134.08% (-9.6%)

Holders
50
Holders Change
+15
Holders Change %
+42.86%
% of All Funds
0.66%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
16
Increased
19
Reduced
6
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$18.7M
2
HighTower Advisors
HighTower Advisors
Illinois
+$8.46M
3
Jane Street
Jane Street
New York
+$4.22M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$2.56M
5
SC
Savant Capital
Illinois
+$1.76M

Top Sellers

Rank Fund Capital Flow
1
Mercer Global Advisors
Mercer Global Advisors
Colorado
-$31.3M
2
BEW
Burton Enright Welch
California
-$366K
3
CL
Choreo LLC
Illinois
-$336K
4
TIM
Tortoise Investment Management
New York
-$161K
5
UBS Group
UBS Group
Switzerland
-$3.58K
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
1
Envestnet Asset Management
Illinois
$214M +$18.7M +370,761 +9%
Mercer Global Advisors
2
Mercer Global Advisors
Colorado
$192M -$31.3M -620,447 -14%
HighTower Advisors
3
HighTower Advisors
Illinois
$30.5M +$8.46M +167,956 +38%
CC
4
Citrine Capital
California
$10.2M +$10.3M +203,819 New
Jane Street
5
Jane Street
New York
$5.86M +$4.22M +83,808 +252%
ODA
6
One Degree Advisors
California
$4.82M +$352K +6,990 +8%
Wealth Enhancement Advisory Services
7
Wealth Enhancement Advisory Services
Minnesota
$2.84M +$861K +17,082 +43%
Susquehanna International Group
8
Susquehanna International Group
Pennsylvania
$2.8M +$2.56M +50,847 +1,010%
Commonwealth Equity Services
9
Commonwealth Equity Services
Massachusetts
$2.58M +$218K +4,322 +9%
TWM
10
TriaGen Wealth Management
California
$1.97M +$97.8K +1,940 +5%
SC
11
Savant Capital
Illinois
$1.75M +$1.76M +34,870 New
OMC
12
Old Mission Capital
Illinois
$1.48M +$53.7K +1,065 +4%
FTUS
13
Flow Traders U.S.
New York
$964K +$970K +19,254 New
RFP
14
Root Financial Partners
California
$964K +$152K +3,010 +19%
BEW
15
Burton Enright Welch
California
$927K -$366K -7,263 -28%
EWM
16
Elmwood Wealth Management
California
$880K +$886K +17,580 New
OCM
17
One Capital Management
California
$677K +$132K +2,610 +24%
TLFA
18
True Link Financial Advisors
California
$656K +$58.5K +1,160 +10%
FWM
19
FMB Wealth Management
California
$624K +$21.6K +428 +4%
SRCM
20
Signature Resources Capital Management
California
$575K +$68.6K +1,362 +13%
FNBSF
21
First National Bank Sioux Falls
South Dakota
$551K – – –
AC
22
Apella Capital
Connecticut
$535K +$538K +10,683 New
MWG
23
Martin Worley Group
Utah
$454K +$457K +9,064 New
RIP
24
RAM Investment Partners
Washington
$408K +$64.3K +1,275 +19%
HF
25
HRT Financial
New York
$397K +$400K +7,941 New
1
2 3

DFCA Hedge Fund Activity: Q4 2024 in Review

50 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Dimensional California Municipal Bond ETF (DFCA) for Q4 2024, worth a combined $483M — up 3.1% from $469M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new DFCA positions and 1 closed out — a net gain of 15 holders — while 19 added to existing stakes and 6 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $18.7M. The largest seller was Mercer Global Advisors, cutting an estimated $31.3M.

  • 50 institutional investors held Dimensional California Municipal Bond ETF (DFCA) as of Q4 2024, up from 35 in Q3 2024.
  • Funds reported $483M of Dimensional California Municipal Bond ETF stock for Q4 2024, up 3.1% quarter-over-quarter.
  • 16 funds opened new Dimensional California Municipal Bond ETF positions in Q4 2024 and 1 closed out, a net change of +15 holders.
  • The largest Dimensional California Municipal Bond ETF buyer in Q4 2024 was Envestnet Asset Management, an estimated $18.7M added.
  • The largest Dimensional California Municipal Bond ETF seller in Q4 2024 was Mercer Global Advisors, an estimated $31.3M sold.

Based on aggregated 13F filings for Q4 2024.