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.
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)
Top Buyers
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
HighTower Advisors
Chicago,
Illinois
| – | -$568K | -11,747 | Closed |
|
|
SEIA
127
Signature Estate & Investment Advisors
Los Angeles,
California
| – | -$300K | -6,212 | Closed |
|
|
PCI
128
Planning Center Inc
Moline,
Illinois
| – | -$201K | -4,139 | Closed |
|
129
JP Morgan Chase
New York
| – | -$103K | -2,142 | Closed |
|
|
AAS
130
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$68.7K | -1,422 | Closed |
|
|
ASN
131
Advisory Services Network
Atlanta,
Georgia
| – | -$33K | -683 | Closed |
|
|
FFA
132
Farther Finance Advisors
San Francisco,
California
| – | -$26.8K | -555 | Closed |
|
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.