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Dimensional National Municipal Bond ETF
DFNM

70 hedge funds and large institutions have $287M invested in Dimensional National Municipal Bond ETF in 2022 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 35 increasing their positions, 13 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 6

169% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 13

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

107% more capital invested

Capital invested by funds: $139M → $287M (+$148M)

19% more funds holding

Funds holding: 59 → 70 (+11)

16.52% more ownership

Funds ownership: 40.36% → 56.88% (+17%)

Holders
70
Holders Change
+11
Holders Change %
+18.64%
% of All Funds
1.21%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.09%
New
17
Increased
35
Reduced
13
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFA
Sequoia Financial Advisors
Ohio
+$83M
2
PFO
Pathstone Family Office
New Jersey
+$73.9M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$11.4M
4
AssetMark Inc
AssetMark Inc
California
+$7.73M
5
RVPG
Relative Value Partners Group
+$3.91M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$31.8M
2
CWR
Chico Wealth RIA
California
-$16M
3
RCA
Resonant Capital Advisors
Wisconsin
-$1.92M
4
DPI
Diversified Portfolios Inc
Michigan
-$1.67M
5
FSG
Financial Strategies Group
Michigan
-$440K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIG
51
Spinnaker Investment Group
California
$380K +$165K +3,435 +73%
LWAC
52
Laurel Wealth Advisors (California)
California
$371K +$1.44K +30 +0.4%
DAS
53
Dynamic Advisor Solutions
Arizona
$357K +$50.3K +1,046 +16%
RK
54
Rather & Kittrell
Tennessee
$356K +$367K +7,633 New
IA
55
IFP Advisors
Florida
$351K +$91.8K +1,909 +38%
Susquehanna International Group
56
Susquehanna International Group
Pennsylvania
$334K +$345K +7,161 New
US Bancorp
57
US Bancorp
Minnesota
$247K +$255K +5,298 New
DFC
58
DBK Financial Counsel
Ohio
$244K +$6.45K +134 +3%
SWM
59
Seaside Wealth Management
California
$233K +$1.06K +22 +0.4%
LNC
60
Lincoln National Corp
Pennsylvania
$209K +$216K +4,486 New
BEW
61
Burton Enright Welch
California
$204K -$1.3K -27 -0.6%
IWC
62
Integrated Wealth Concepts
Massachusetts
$202K -$17.5K -363 -8%
BCM
63
Blume Capital Management
California
$124K – – –
DI
64
Disciplined Investments
Oklahoma
$115K +$89.5K +1,860 +306%
PP
65
PrairieView Partners
Minnesota
$87K – – –
GTAM
66
Global Trust Asset Management
Florida
$47K – – –
GRP
67
Global Retirement Partners
California
$41K -$1.64K -34 -4%
Royal Bank of Canada
68
Royal Bank of Canada
Ontario, Canada
$29K +$30K +624 New
SIC
69
SJS Investment Consulting
Ohio
$20K +$20.7K +430 New
AFS
70
Annapolis Financial Services
Maryland
$15K +$15.1K +314 New
FSG
71
Financial Strategies Group
Michigan
– -$440K -9,162 Closed
RHBC
72
R.H. Bluestein & Co
Michigan
– -$423K -8,795 Closed
ACP
73
Aveo Capital Partners
Colorado
– -$203K -4,216 Closed
SWM
74
SeaCrest Wealth Management
New York
– -$139K -2,900 Closed
UBS Group
75
UBS Group
Switzerland
– -$51K -1,068 Closed
1 2
3
4

DFNM Hedge Fund Activity: Q3 2022 in Review

70 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Dimensional National Municipal Bond ETF (DFNM) for Q3 2022, worth a combined $287M — up 107% from $139M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new DFNM positions and 6 closed out — a net gain of 11 holders — while 35 added to existing stakes and 13 trimmed.

The largest buyer was Sequoia Financial Advisors, opening a new position worth an estimated $83M. The largest seller was Jane Street, cutting an estimated $31.8M.

  • 70 institutional investors held Dimensional National Municipal Bond ETF (DFNM) as of Q3 2022, up from 59 in Q2 2022.
  • Funds reported $287M of Dimensional National Municipal Bond ETF stock for Q3 2022, up 107% quarter-over-quarter.
  • 17 funds opened new Dimensional National Municipal Bond ETF positions in Q3 2022 and 6 closed out, a net change of +11 holders.
  • The largest Dimensional National Municipal Bond ETF buyer in Q3 2022 was Sequoia Financial Advisors, an estimated $83M added.
  • The largest Dimensional National Municipal Bond ETF seller in Q3 2022 was Jane Street, an estimated $31.8M sold.

Based on aggregated 13F filings for Q3 2022.