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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
ODA
76
One Degree Advisors
California
$1.44M +$238K +4,976 +20%
SIS
77
Strategic Investment Solutions
Illinois
$1.4M +$1.39M +29,162 New
PP
78
PrairieView Partners
Minnesota
$1.36M +$528K +11,050 +64%
WWWM
79
White Wing Wealth Management
Texas
$1.31M +$204K +4,277 +19%
CAM
80
CPA Asset Management
Florida
$1.3M +$18K +376 +1%
Royal Bank of Canada
81
Royal Bank of Canada
Ontario, Canada
$1.26M -$1.14M -23,823 -47%
PWS
82
Physician Wealth Solutions
Nevada
$1.24M -$21.1K -442 -2%
HHWM
83
Hiley Hunt Wealth Management
Nebraska
$1.22M +$260K +5,446 +27%
OA
84
Oceanside Advisors
South Carolina
$1.11M -$1K -21 -0.1%
W
85
WPWealth
Texas
$1.08M +$555K +11,607 +106%
SIAG
86
Safeguard Investment Advisory Group
California
$1.07M -$5.49K -115 -0.5%
EIA
87
Eldridge Investment Advisors
New Hampshire
$1.05M -$193K -4,041 -15%
IAG
88
Investmark Advisory Group
Connecticut
$1.04M +$9.98K +209 +1%
RGC
89
Roberts, Glore & Co
Illinois
$1.03M +$95.5K +2,000 +10%
WFA
90
Websterrogers Financial Advisors
South Carolina
$1.01M -$151K -3,160 -13%
MSFS
91
Main Street Financial Solutions
Pennsylvania
$994K +$6.83K +143 +0.7%
QHA
92
Quarry Hill Advisors
Minnesota
$989K +$284K +5,943 +40%
HWMC
93
Heritage Wealth Management (California)
California
$971K +$20.4K +427 +2%
PFA
94
Pure Financial Advisors
California
$913K +$5.35K +112 +0.6%
DI
95
Disciplined Investments
Oklahoma
$801K – – –
MML Investors Services
96
MML Investors Services
Massachusetts
$756K +$131K +2,747 +21%
FOA
97
Five Oceans Advisors
California
$751K – – –
2L
98
25 LLC
Missouri
$734K +$157K +3,289 +27%
SIG
99
Spinnaker Investment Group
California
$704K +$14.8K +309 +2%
WWM
100
Western Wealth Management
Colorado
$637K +$16.6K +347 +3%
2 3
4
5 6

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.