Dimensional California Municipal Bond ETF
DFCA
83 hedge funds and large institutions have $543M invested in Dimensional California Municipal Bond ETF in 2026 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 37 increasing their positions, 17 reducing their positions, and 3 closing their positions.
333% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 3
118% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 17
12% more funds holding
Funds holding: 74 → 83 (+9)
4% more capital invested
Capital invested by funds: $520M → $543M (+$23M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.55% less ownership
Funds ownership: 77.84% → 77.29% (-0.55%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mercer Global Advisors
Denver,
Colorado
|
+$32.6M |
| 2 |
CC
Citrine Capital
San Francisco,
California
|
+$10.7M |
| 3 |
TAWM
Three Arch Wealth Management
Irvine,
California
|
+$2.38M |
| 4 |
LNWTC
Laird Norton Wetherby Trust Company
Seattle,
Washington
|
+$1.33M |
| 5 |
EC
Elequin Capital
New York
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$30.7M |
| 2 |
Jane Street
New York
|
-$2.37M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$904K |
| 4 |
Mariner
Overland Park,
Kansas
|
-$866K |
| 5 |
PWM
Parkshore Wealth Management
Granite Bay,
California
|
-$525K |
DFCA Hedge Fund Activity: Q2 2026 in Review
83 institutional investors reported a position in Dimensional California Municipal Bond ETF (DFCA) for Q2 2026, worth a combined $543M — up 4.4% from $520M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new DFCA positions and 3 closed out — a net gain of 10 holders — while 37 added to existing stakes and 17 trimmed.
The largest buyer was Mercer Global Advisors, adding an estimated $32.6M. The largest seller was HighTower Advisors, cutting an estimated $30.7M.
- 83 institutional investors held Dimensional California Municipal Bond ETF (DFCA) as of Q2 2026, up from 74 in Q1 2026.
- Funds reported $543M of Dimensional California Municipal Bond ETF stock for Q2 2026, up 4.4% quarter-over-quarter.
- 13 funds opened new Dimensional California Municipal Bond ETF positions in Q2 2026 and 3 closed out, a net change of +10 holders.
- The largest Dimensional California Municipal Bond ETF buyer in Q2 2026 was Mercer Global Advisors, an estimated $32.6M added.
- The largest Dimensional California Municipal Bond ETF seller in Q2 2026 was HighTower Advisors, an estimated $30.7M sold.
Based on aggregated 13F filings for Q2 2026.