We are live on ! Find out more
DFNM icon

Dimensional National Municipal Bond ETF
DFNM

138 hedge funds and large institutions have $674M invested in Dimensional National Municipal Bond ETF in 2023 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 54 increasing their positions, 45 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

145% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 11

20% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 45

17% more capital invested

Capital invested by funds: $574M → $674M (+$100M)

11% more funds holding

Funds holding: 124 → 138 (+14)

6% more funds holding in top 10

Funds holding in top 10: 16 → 17 (+1)

4.83% more ownership

Funds ownership: 67.69% → 72.52% (+4.8%)

Holders
138
Holders Change
+14
Holders Change %
+11.29%
% of All Funds
2.19%
Holding in Top 10
17
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+6.25%
% of All Funds
0.27%
New
27
Increased
54
Reduced
45
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
TI
Truepoint Inc
Ohio
+$85.6M
2
GLLW
Graves Light Lenhart Wealth
Virginia
+$9.67M
3
SIS
Strategic Investment Solutions
Illinois
+$9.35M
4
SC
Savant Capital
Illinois
+$8.3M
5
WFA
West Financial Advisors
Iowa
+$7.98M

Top Sellers

1
PFO
Pathstone Family Office
New Jersey
-$34.4M
2
BHWM
Beaird Harris Wealth Management
Texas
-$5.92M
3
API
Advisor Partners II
California
-$4.67M
4
SFA
Sequoia Financial Advisors
Ohio
-$3.59M
5
Jane Street
Jane Street
New York
-$2.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
CFGF
26
Compass Financial Group (Florida)
Florida
$7.97M +$172K +3,643 +2%
WFA
27
West Financial Advisors
Iowa
$7.83M +$7.98M +168,585 New
RCA
28
Resonant Capital Advisors
Wisconsin
$6.85M -$537K -11,353 -7%
PWIA
29
Porter White Investment Advisors
Alabama
$5.87M +$591K +12,484 +11%
Corient Private Wealth
30
Corient Private Wealth
Florida
$5.7M +$264K +5,583 +5%
LFGO
31
Legacy Financial Group (Oklahoma)
Oklahoma
$5.55M +$86.4K +1,826 +2%
WFAG
32
Wescott Financial Advisory Group
Pennsylvania
$4.92M -$218K -4,604 -4%
Susquehanna International Group
33
Susquehanna International Group
Pennsylvania
$4.82M +$4.91M +103,704 New
Stifel Financial
34
Stifel Financial
Missouri
$4.8M -$2.32M -49,120 -32%
Mercer Global Advisors
35
Mercer Global Advisors
Colorado
$4.75M +$4.84M +102,282 New
RIM
36
RW Investment Management
Idaho
$4.58M +$17.6K +372 +0.4%
FG
37
Foster Group
Iowa
$4.5M -$6.01K -127 -0.1%
CWM
38
Core Wealth Management
Florida
$4.2M +$1.06M +22,427 +33%
RVPG
39
Relative Value Partners Group
$4.19M -$170K -3,584 -4%
Wealth Enhancement Advisory Services
40
Wealth Enhancement Advisory Services
Minnesota
$3.97M +$4.05M +85,499 New
QHA
41
Quarry Hill Advisors
Minnesota
$3.75M -$228K -4,826 -6%
MWM
42
Modera Wealth Management
New Jersey
$3.68M +$158K +3,335 +4%
WA
43
Waverly Advisors
Alabama
$3.67M -$20.1K -425 -0.5%
Envestnet Asset Management
44
Envestnet Asset Management
Illinois
$3.38M -$376K -7,956 -10%
VFP
45
Verus Financial Partners
Virginia
$3.26M +$662K +13,999 +25%
AIS
46
American Investment Services
Massachusetts
$3.02M +$5.87K +124 +0.2%
API
47
Advisor Partners II
California
$2.57M -$4.67M -98,724 -64%
GAM
48
GEM Asset Management
Michigan
$2.47M -$425K -8,986 -14%
PFM
49
Phillips Financial Management
Indiana
$2.38M +$9.04K +191 +0.4%
SRC
50
Sage Rhino Capital
California
$2.36M +$149K +3,157 +7%
1
2
3 4 5

DFNM Hedge Fund Activity: Q3 2023 in Review

138 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Dimensional National Municipal Bond ETF (DFNM) for Q3 2023, worth a combined $674M — up 17% from $574M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new DFNM positions and 11 closed out — a net gain of 16 holders — while 54 added to existing stakes and 45 trimmed.

The largest buyer was Truepoint Inc, adding an estimated $85.6M. The largest seller was Pathstone Family Office, cutting an estimated $34.4M.

  • 138 institutional investors held Dimensional National Municipal Bond ETF (DFNM) as of Q3 2023, up from 124 in Q2 2023.
  • Funds reported $674M of Dimensional National Municipal Bond ETF stock for Q3 2023, up 17% quarter-over-quarter.
  • 27 funds opened new Dimensional National Municipal Bond ETF positions in Q3 2023 and 11 closed out, a net change of +16 holders.
  • The largest Dimensional National Municipal Bond ETF buyer in Q3 2023 was Truepoint Inc, an estimated $85.6M added.
  • The largest Dimensional National Municipal Bond ETF seller in Q3 2023 was Pathstone Family Office, an estimated $34.4M sold.

Based on aggregated 13F filings for Q3 2023.