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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
JTWM
101
Jackson Thornton Wealth Management
Alabama
$631K +$631K +13,205 New
BEW
102
Burton Enright Welch
California
$584K +$2.15K +45 +0.4%
DAS
103
Dynamic Advisor Solutions
Arizona
$556K +$908 +19 +0.2%
WA
104
Wealthstream Advisors
New York
$555K +$35K +732 +7%
TFP
105
Triune Financial Partners
Kansas
$536K +$3.54K +74 +0.7%
RWM
106
Ruedi Wealth Management
Illinois
$523K +$523K +10,940 New
PWA
107
Physician Wealth Advisors
Utah
$513K – – –
GFA
108
Grunden Financial Advisory
Texas
$510K +$3.34K +70 +0.7%
WP
109
WMS Partners
Maryland
$502K – – –
MC
110
McCarthy & Cox
Ohio
$497K -$176K -3,680 -26%
DF
111
DecisionPoint Financial
Arizona
$485K – – –
ME
112
McIlrath & Eck
Washington
$452K – – –
GOCP
113
Great Oak Capital Partners
Massachusetts
$452K +$448K +9,368 New
CAPTRUST Financial Advisors
114
CAPTRUST Financial Advisors
North Carolina
$449K -$103K -2,148 -19%
Betterment LLC
115
Betterment LLC
New York
$448K +$122K +2,553 +37%
RWM
116
Rockwood Wealth Management
Pennsylvania
$446K -$45.2K -946 -9%
WP
117
Wealthspan Partners
Iowa
$444K -$275K -5,747 -38%
NA
118
NewEdge Advisors
Louisiana
$442K -$121K -2,530 -21%
LWM
119
LJI Wealth Management
Indiana
$432K +$181K +3,795 +72%
Morgan Stanley
120
Morgan Stanley
New York
$429K – – –
BWG
121
Beta Wealth Group
California
$426K +$19.3K +404 +5%
RCAG
122
Rehmann Capital Advisory Group
Michigan
$425K – – –
FWP
123
Firethorn Wealth Partners
Georgia
$402K -$45.9K -960 -10%
JWCA
124
J.W. Cole Advisors
Florida
$400K +$1.96K +41 +0.5%
RFP
125
RCS Financial Planning
Maryland
$394K +$4.2K +88 +1%
3 4
5
6 7

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.