Dimensional National Municipal Bond ETF
DFNM
59 hedge funds and large institutions have $139M invested in Dimensional National Municipal Bond ETF in 2022 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 16 increasing their positions, 7 reducing their positions, and 2 closing their positions.
1,500% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 2
129% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 7
103% more funds holding
Funds holding: 29 → 59 (+30)
16.2% less ownership
Funds ownership: 56.56% → 40.36% (-16%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
80% less capital invested
Capital invested by funds: $711M → $139M (-$573M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$31.6M |
| 2 |
LPL Financial
San Diego,
California
|
+$7.51M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$6.45M |
| 4 |
PWM
PBMares Wealth Management
Williamsburg,
Virginia
|
+$4.72M |
| 5 |
AC
Apella Capital
West Hartford,
Connecticut
|
+$3.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$654M |
| 2 |
WFA
Websterrogers Financial Advisors
Florence,
South Carolina
|
-$3.99M |
| 3 |
ACP
Aveo Capital Partners
Englewood,
Colorado
|
-$2.85M |
| 4 |
LWMNY
Landmark Wealth Management (New York)
Melville,
New York
|
-$2.5M |
| 5 |
BEW
Burton Enright Welch
Walnut Creek,
California
|
-$1.06M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACP
51
Aveo Capital Partners
Englewood,
Colorado
| $203K | -$2.85M | -59,458 | -93% |
|
|
SWM
52
SeaCrest Wealth Management
Purchase,
New York
| $139K | +$139K | +2,900 | New |
|
|
BCM
53
Blume Capital Management
Berkeley,
California
| $127K | +$127K | +2,650 | New |
|
|
PP
54
PrairieView Partners
St. Paul,
Minnesota
| $90K | +$89.9K | +1,874 | New |
|
55
UBS Group
Zurich,
Switzerland
| $51K | +$22.9K | +478 | +81% |
|
|
GTAM
56
Global Trust Asset Management
West Palm Beach,
Florida
| $48K | +$48K | +1,000 | New |
|
|
GRP
57
Global Retirement Partners
San Rafael,
California
| $44K | – | – | – |
|
|
AF
58
Allworth Financial
Folsom,
California
| $41K | +$40.6K | +847 | New |
|
|
DI
59
Disciplined Investments
Tulsa,
Oklahoma
| $29K | – | – | – |
|
|
60
Dimensional Fund Advisors
Austin,
Texas
| – | -$654M | -135,000 | Closed |
|
|
HA
61
Herold Advisors
New York
| – | -$73.7K | -1,520 | Closed |
|
DFNM Hedge Fund Activity: Q2 2022 in Review
59 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Dimensional National Municipal Bond ETF (DFNM) for Q2 2022, worth a combined $139M — down 80% from $711M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new DFNM positions and 2 closed out — a net gain of 30 holders — while 16 added to existing stakes and 7 trimmed.
The largest buyer was Jane Street, adding an estimated $31.6M. The largest seller was Dimensional Fund Advisors, exiting entirely with an estimated $654M sold.
- 59 institutional investors held Dimensional National Municipal Bond ETF (DFNM) as of Q2 2022, up from 29 in Q1 2022.
- Funds reported $139M of Dimensional National Municipal Bond ETF stock for Q2 2022, down 80% quarter-over-quarter.
- 32 funds opened new Dimensional National Municipal Bond ETF positions in Q2 2022 and 2 closed out, a net change of +30 holders.
- The largest Dimensional National Municipal Bond ETF buyer in Q2 2022 was Jane Street, an estimated $31.6M added.
- The largest Dimensional National Municipal Bond ETF seller in Q2 2022 was Dimensional Fund Advisors, an estimated $654M sold.
Based on aggregated 13F filings for Q2 2022.