Dimensional National Municipal Bond ETF
DFNM
230 hedge funds and large institutions have $1.15B invested in Dimensional National Municipal Bond ETF in 2024 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 103 increasing their positions, 54 reducing their positions, and 11 closing their positions.
373% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 11
91% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 54
38% more funds holding in top 10
Funds holding in top 10: 16 → 22 (+6)
20% more funds holding
Funds holding: 191 → 230 (+39)
15% more capital invested
Capital invested by funds: $1B → $1.15B (+$147M)
6.64% more ownership
Funds ownership: 73.77% → 80.41% (+6.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$22.6M |
| 2 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
+$10.3M |
| 3 |
AssetMark Inc
Concord,
California
|
+$6.08M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$5.5M |
| 5 |
TI
Truepoint Inc
Cincinnati,
Ohio
|
+$4.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
AWM Capital
Phoenix,
Arizona
|
-$3.18M |
| 2 |
FG
Foster Group
West Des Moines,
Iowa
|
-$2.39M |
| 3 |
BHWM
Beaird Harris Wealth Management
Dallas,
Texas
|
-$1.64M |
| 4 |
TCBWMS
Texas Capital Bank Wealth Management Services
Dallas,
Texas
|
-$1.52M |
| 5 |
CSPIA
Cary Street Partners Investment Advisory
Richmond,
Virginia
|
-$1.38M |
DFNM Hedge Fund Activity: Q4 2024 in Review
230 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Dimensional National Municipal Bond ETF (DFNM) for Q4 2024, worth a combined $1.15B — up 15% from $1B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new DFNM positions and 11 closed out — a net gain of 41 holders — while 103 added to existing stakes and 54 trimmed.
The largest buyer was Focus Partners Wealth, adding an estimated $22.6M. The largest seller was AWM Capital, cutting an estimated $3.18M.
- 230 institutional investors held Dimensional National Municipal Bond ETF (DFNM) as of Q4 2024, up from 191 in Q3 2024.
- Funds reported $1.15B of Dimensional National Municipal Bond ETF stock for Q4 2024, up 15% quarter-over-quarter.
- 52 funds opened new Dimensional National Municipal Bond ETF positions in Q4 2024 and 11 closed out, a net change of +41 holders.
- The largest Dimensional National Municipal Bond ETF buyer in Q4 2024 was Focus Partners Wealth, an estimated $22.6M added.
- The largest Dimensional National Municipal Bond ETF seller in Q4 2024 was AWM Capital, an estimated $3.18M sold.
Based on aggregated 13F filings for Q4 2024.