We are live on ! Find out more
DFNM icon

Dimensional National Municipal Bond ETF
DFNM

170 hedge funds and large institutions have $919M invested in Dimensional National Municipal Bond ETF in 2024 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 78 increasing their positions, 48 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 48

47% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 15

4% more funds holding

Funds holding: 163 → 170 (+7)

3% more capital invested

Capital invested by funds: $895M → $919M (+$24.1M)

0% more funds holding in top 10

Funds holding in top 10: 17 → 17 (0)

1.49% less ownership

Funds ownership: 72.87% → 71.38% (-1.5%)

Holders
170
Holders Change
+7
Holders Change %
+4.29%
% of All Funds
2.46%
Holding in Top 10
17
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.25%
New
22
Increased
78
Reduced
48
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BSW
Buckingham Strategic Wealth
Missouri
+$13M
2
AC
Apella Capital
Connecticut
+$7.55M
3
RK
Rather & Kittrell
Tennessee
+$3.02M
4
Lido Advisors
Lido Advisors
California
+$2.94M
5
AWM
Austin Wealth Management
Texas
+$2.32M

Top Sellers

1
Jane Street
Jane Street
New York
-$3.78M
2
TI
Truepoint Inc
Ohio
-$3.45M
3
RVPG
Relative Value Partners Group
-$2.49M
4
SC
Savant Capital
Illinois
-$2.34M
5
GM
GeoWealth Management
Illinois
-$2.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
WFA
26
West Financial Advisors
Iowa
$8.45M +$427K +8,936 +5%
CFO
27
Collective Family Office
Pennsylvania
$8.17M -$883K -18,485 -10%
RCA
28
Resonant Capital Advisors
Wisconsin
$7.78M -$750K -15,706 -9%
Bank of America
29
Bank of America
North Carolina
$6.77M +$2.31M +48,433 +52%
Corient Private Wealth
30
Corient Private Wealth
Florida
$6.19M +$25.8K +540 +0.4%
MWA
31
Mills Wealth Advisors
Texas
$4.88M -$904K -18,922 -16%
Envestnet Asset Management
32
Envestnet Asset Management
Illinois
$4.82M +$709K +14,844 +17%
EAM
33
Evanson Asset Management
California
$4.75M -$176K -3,677 -4%
Stifel Financial
34
Stifel Financial
Missouri
$4.66M -$103K -2,153 -2%
LFGO
35
Legacy Financial Group (Oklahoma)
Oklahoma
$4.66M -$25.3K -530 -0.5%
AF
36
Allworth Financial
California
$4.63M +$1.22M +25,508 +36%
AIS
37
American Investment Services
Massachusetts
$4.57M +$678K +14,194 +17%
PWIA
38
Porter White Investment Advisors
Alabama
$4.57M +$149K +3,115 +3%
RIM
39
RW Investment Management
Idaho
$4.45M +$55.9K +1,171 +1%
SWA
40
Sax Wealth Advisors
New Jersey
$4.4M +$1.96M +41,055 +80%
JP Morgan Chase
41
JP Morgan Chase
New York
$4.36M +$217K +4,541 +5%
WFAG
42
Wescott Financial Advisory Group
Pennsylvania
$4.33M -$18K -376 -0.4%
CWM
43
Core Wealth Management
Florida
$4.1M -$329K -6,894 -7%
MWM
44
Modera Wealth Management
New Jersey
$3.95M +$19.6K +411 +0.5%
VFP
45
Verus Financial Partners
Virginia
$3.73M +$37.6K +786 +1%
GAM
46
GEM Asset Management
Michigan
$3.52M +$5.35K +112 +0.2%
WA
47
Waverly Advisors
Alabama
$3.51M -$106K -2,212 -3%
PCA
48
Prosperity Capital Advisors
Ohio
$3.44M +$331K +6,922 +11%
FA
49
FF Advisors
California
$3.43M – – –
MG
50
Mather Group
Illinois
$3.07M -$105K -2,190 -3%
1
2
3 4 5

DFNM Hedge Fund Activity: Q2 2024 in Review

170 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Dimensional National Municipal Bond ETF (DFNM) for Q2 2024, worth a combined $919M — up 2.7% from $895M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new DFNM positions and 15 closed out — a net gain of 7 holders — while 78 added to existing stakes and 48 trimmed.

The largest buyer was Buckingham Strategic Wealth, adding an estimated $13M. The largest seller was Jane Street, exiting entirely with an estimated $3.78M sold.

  • 170 institutional investors held Dimensional National Municipal Bond ETF (DFNM) as of Q2 2024, up from 163 in Q1 2024.
  • Funds reported $919M of Dimensional National Municipal Bond ETF stock for Q2 2024, up 2.7% quarter-over-quarter.
  • 22 funds opened new Dimensional National Municipal Bond ETF positions in Q2 2024 and 15 closed out, a net change of +7 holders.
  • The largest Dimensional National Municipal Bond ETF buyer in Q2 2024 was Buckingham Strategic Wealth, an estimated $13M added.
  • The largest Dimensional National Municipal Bond ETF seller in Q2 2024 was Jane Street, an estimated $3.78M sold.

Based on aggregated 13F filings for Q2 2024.