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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
Lido Advisors
51
Lido Advisors
California
$2.94M +$2.94M +61,500 New
PFM
52
Phillips Financial Management
Indiana
$2.87M -$55.8K -1,169 -2%
US Bancorp
53
US Bancorp
Minnesota
$2.78M – – –
VPWA
54
Vestia Personal Wealth Advisors
Indiana
$2.49M +$2.49M +52,195 New
Osaic Holdings
55
Osaic Holdings
Arizona
$2.42M +$1.92M +40,165 +381%
LWMNY
56
Landmark Wealth Management (New York)
New York
$2.2M -$92.9K -1,944 -4%
HSG
57
Helen Stephens Group
Texas
$2.19M +$159K +3,337 +8%
LCM
58
Liberty Capital Management
Michigan
$2.18M -$71.9K -1,506 -3%
PAS
59
Park Avenue Securities
New York
$2.12M +$536K +11,213 +34%
Truist Financial
60
Truist Financial
North Carolina
$2.12M +$67.4K +1,411 +3%
DPW
61
DiNuzzo Private Wealth
Pennsylvania
$2.08M +$177K +3,700 +9%
SC
62
Savant Capital
Illinois
$2.03M -$2.34M -48,884 -54%
NRWA
63
North Ridge Wealth Advisors
Oregon
$1.94M +$295K +6,168 +18%
EWA
64
Elevate Wealth Advisory
Georgia
$1.93M +$30K +628 +2%
PFGIA
65
Patriot Financial Group Insurance Agency
Massachusetts
$1.91M +$423K +8,845 +28%
OIA
66
OneDigital Investment Advisors
Kansas
$1.88M +$877K +18,347 +87%
PAG
67
Private Advisor Group
New Jersey
$1.84M -$80.5K -1,685 -4%
IWS
68
Integrity Wealth Solutions
Colorado
$1.81M -$197K -4,126 -10%
Mercer Global Advisors
69
Mercer Global Advisors
Colorado
$1.64M -$1.9M -39,782 -54%
SC
70
Shearwater Capital
Colorado
$1.63M +$120K +2,504 +8%
BAAM
71
Baker Avenue Asset Management
California
$1.61M -$36.4K -761 -2%
BCM
72
Blume Capital Management
California
$1.6M – – –
TCBWMS
73
Texas Capital Bank Wealth Management Services
Texas
$1.5M – – –
GVAG
74
Great Valley Advisor Group
Delaware
$1.48M +$1.48M +31,070 New
SRC
75
Sage Rhino Capital
California
$1.46M -$943K -19,749 -39%
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.