We are live on ! Find out more
DFNM icon

Dimensional National Municipal Bond ETF
DFNM

124 hedge funds and large institutions have $574M invested in Dimensional National Municipal Bond ETF in 2023 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 61 increasing their positions, 39 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 39

17% more capital invested

Capital invested by funds: $492M → $574M (+$82.4M)

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

2.9% more ownership

Funds ownership: 64.78% → 67.69% (+2.9%)

1% less funds holding

Funds holding: 125 → 124 (-1)

6% less funds holding in top 10

Funds holding in top 10: 17 → 16 (-1)

Holders
124
Holders Change
-1
Holders Change %
-0.8%
% of All Funds
1.95%
Holding in Top 10
16
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-5.88%
% of All Funds
0.25%
New
9
Increased
61
Reduced
39
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BHWM
Beaird Harris Wealth Management
Texas
+$59.6M
2
MW
MBL Wealth
North Carolina
+$10.3M
3
LWM
LJI Wealth Management
Indiana
+$6.21M
4
WA
Waverly Advisors
Alabama
+$3.79M
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$3.67M

Top Sellers

1
SFA
Sequoia Financial Advisors
Ohio
-$20.6M
2
WFAG
Wescott Financial Advisory Group
Pennsylvania
-$2.88M
3
Osaic Holdings
Osaic Holdings
Arizona
-$2.62M
4
TWD
True Wealth Design
Ohio
-$1.94M
5
APC
Asset Planning Corporation
Tennessee
-$1.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
76
Allworth Financial
California
$766K -$494K -10,330 -39%
FWI
77
Facet Wealth Inc
Maryland
$757K +$9.38K +196 +1%
RCAG
78
Rehmann Capital Advisory Group
Michigan
$753K +$242K +5,053 +47%
FOA
79
Five Oceans Advisors
California
$746K -$293K -6,129 -28%
CAPTRUST Financial Advisors
80
CAPTRUST Financial Advisors
North Carolina
$711K +$714K +14,918 New
AFS
81
Annapolis Financial Services
Maryland
$697K +$79.8K +1,669 +13%
W
82
WPWealth
Texas
$576K -$6.36K -133 -1%
WWM
83
Western Wealth Management
Colorado
$575K -$320K -6,681 -36%
TCBWMS
84
Texas Capital Bank Wealth Management Services
Texas
$546K -$662K -13,834 -55%
TFP
85
Triune Financial Partners
Kansas
$521K +$2.68K +56 +0.5%
Osaic Holdings
86
Osaic Holdings
Arizona
$512K -$2.62M -54,791 -84%
FMWA
87
Forvis Mazars Wealth Advisors
Missouri
$495K -$501K -10,481 -50%
DAS
88
Dynamic Advisor Solutions
Arizona
$493K +$50.4K +1,053 +11%
AC
89
Avestar Capital
New York
$470K -$20.1K -421 -4%
RGF
90
Retirement Guys Formula
Ohio
$467K – – –
TI
91
Tidal Investments
Wisconsin
$464K -$1.44K -30 -0.3%
DPI
92
Diversified Portfolios Inc
Michigan
$456K +$9.95K +208 +2%
CAM
93
CPA Asset Management
Florida
$441K – – –
RLIM
94
Red Lighthouse Investment Management
New York
$435K – – –
BFG
95
Bleakley Financial Group
New Jersey
$426K +$65.1K +1,361 +18%
SS
96
Simplicity Solutions
Minnesota
$426K +$65.1K +1,361 +18%
MML Investors Services
97
MML Investors Services
Massachusetts
$424K +$78.2K +1,634 +22%
WCA
98
Waypoint Capital Advisors
Minnesota
$418K – – –
Morgan Stanley
99
Morgan Stanley
New York
$411K – – –
BWG
100
Beta Wealth Group
California
$393K +$2.39K +50 +0.6%
2 3
4
5 6

DFNM Hedge Fund Activity: Q2 2023 in Review

124 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Dimensional National Municipal Bond ETF (DFNM) for Q2 2023, worth a combined $574M — up 17% from $492M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new DFNM positions and 8 closed out — a net gain of 1 holder — while 61 added to existing stakes and 39 trimmed.

The largest buyer was Beaird Harris Wealth Management, opening a new position worth an estimated $59.6M. The largest seller was Sequoia Financial Advisors, cutting an estimated $20.6M.

  • 124 institutional investors held Dimensional National Municipal Bond ETF (DFNM) as of Q2 2023, down from 125 in Q1 2023.
  • Funds reported $574M of Dimensional National Municipal Bond ETF stock for Q2 2023, up 17% quarter-over-quarter.
  • 9 funds opened new Dimensional National Municipal Bond ETF positions in Q2 2023 and 8 closed out, a net change of +1 holder.
  • The largest Dimensional National Municipal Bond ETF buyer in Q2 2023 was Beaird Harris Wealth Management, an estimated $59.6M added.
  • The largest Dimensional National Municipal Bond ETF seller in Q2 2023 was Sequoia Financial Advisors, an estimated $20.6M sold.

Based on aggregated 13F filings for Q2 2023.