We are live on ! Find out more
DFNM icon

Dimensional National Municipal Bond ETF
DFNM

138 hedge funds and large institutions have $674M invested in Dimensional National Municipal Bond ETF in 2023 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 54 increasing their positions, 45 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

145% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 11

20% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 45

17% more capital invested

Capital invested by funds: $574M → $674M (+$100M)

11% more funds holding

Funds holding: 124 → 138 (+14)

6% more funds holding in top 10

Funds holding in top 10: 16 → 17 (+1)

4.83% more ownership

Funds ownership: 67.69% → 72.52% (+4.8%)

Holders
138
Holders Change
+14
Holders Change %
+11.29%
% of All Funds
2.19%
Holding in Top 10
17
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+6.25%
% of All Funds
0.27%
New
27
Increased
54
Reduced
45
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
TI
Truepoint Inc
Ohio
+$85.6M
2
GLLW
Graves Light Lenhart Wealth
Virginia
+$9.67M
3
SIS
Strategic Investment Solutions
Illinois
+$9.35M
4
SC
Savant Capital
Illinois
+$8.3M
5
WFA
West Financial Advisors
Iowa
+$7.98M

Top Sellers

1
PFO
Pathstone Family Office
New Jersey
-$34.4M
2
BHWM
Beaird Harris Wealth Management
Texas
-$5.92M
3
API
Advisor Partners II
California
-$4.67M
4
SFA
Sequoia Financial Advisors
Ohio
-$3.59M
5
Jane Street
Jane Street
New York
-$2.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
PFO
76
Pathstone Family Office
New Jersey
$896K -$34.4M -727,875 -97%
SWM
77
Soundmark Wealth Management
Washington
$859K – – –
SIAG
78
Safeguard Investment Advisory Group
California
$822K -$97.2K -2,054 -10%
DI
79
Disciplined Investments
Oklahoma
$779K -$178K -3,762 -18%
FWP
80
Firethorn Wealth Partners
Georgia
$779K +$2.65K +56 +0.3%
FOA
81
Five Oceans Advisors
California
$728K – – –
SWA
82
Sax Wealth Advisors
New Jersey
$720K -$195K -4,125 -21%
CAPTRUST Financial Advisors
83
CAPTRUST Financial Advisors
North Carolina
$700K +$7.05K +149 +1%
AFS
84
Annapolis Financial Services
Maryland
$651K -$29.2K -618 -4%
WP
85
Wealthspan Partners
Iowa
$626K +$638K +13,478 New
RWM
86
Rockwood Wealth Management
Pennsylvania
$624K -$273K -5,769 -30%
Osaic Holdings
87
Osaic Holdings
Arizona
$616K +$118K +2,501 +23%
TCBWMS
88
Texas Capital Bank Wealth Management Services
Texas
$598K +$66.6K +1,407 +12%
AWM
89
AE Wealth Management
Kansas
$578K +$244K +5,165 +71%
WWM
90
Western Wealth Management
Colorado
$561K +$568 +12 +0.1%
W
91
WPWealth
Texas
$550K -$12.9K -272 -2%
AC
92
Avestar Capital
New York
$529K +$71.3K +1,506 +15%
TFP
93
Triune Financial Partners
Kansas
$511K +$2.89K +61 +0.6%
CCFM
94
Clear Creek Financial Management
Washington
$497K +$506K +10,705 New
DAS
95
Dynamic Advisor Solutions
Arizona
$482K +$378 +8 +0.1%
BFG
96
Bleakley Financial Group
New Jersey
$477K +$62.5K +1,322 +15%
SS
97
Simplicity Solutions
Minnesota
$477K +$62.5K +1,322 +15%
EFP
98
Envision Financial Planning
Tennessee
$462K +$471K +9,951 New
TI
99
Tidal Investments
Wisconsin
$453K +$852 +18 +0.2%
RGF
100
Retirement Guys Formula
Ohio
$426K -$30.1K -637 -7%
2 3
4
5 6

DFNM Hedge Fund Activity: Q3 2023 in Review

138 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Dimensional National Municipal Bond ETF (DFNM) for Q3 2023, worth a combined $674M — up 17% from $574M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new DFNM positions and 11 closed out — a net gain of 16 holders — while 54 added to existing stakes and 45 trimmed.

The largest buyer was Truepoint Inc, adding an estimated $85.6M. The largest seller was Pathstone Family Office, cutting an estimated $34.4M.

  • 138 institutional investors held Dimensional National Municipal Bond ETF (DFNM) as of Q3 2023, up from 124 in Q2 2023.
  • Funds reported $674M of Dimensional National Municipal Bond ETF stock for Q3 2023, up 17% quarter-over-quarter.
  • 27 funds opened new Dimensional National Municipal Bond ETF positions in Q3 2023 and 11 closed out, a net change of +16 holders.
  • The largest Dimensional National Municipal Bond ETF buyer in Q3 2023 was Truepoint Inc, an estimated $85.6M added.
  • The largest Dimensional National Municipal Bond ETF seller in Q3 2023 was Pathstone Family Office, an estimated $34.4M sold.

Based on aggregated 13F filings for Q3 2023.