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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
CA
151
Claris Advisors
Missouri
$219K +$220K +4,595 New
BCG
152
Breakwater Capital Group
New Jersey
$214K -$43.4K -909 -17%
PFPT
153
Pinnacle Financial Partners (Tennessee)
Tennessee
$204K +$204K +4,263 New
AFA
154
Alpha Financial Advisors
North Carolina
$201K – – –
GWSG
155
GPS Wealth Strategies Group
Colorado
$177K – – –
CCMI
156
Creative Capital Management Investments
California
$126K – – –
SIC
157
SJS Investment Consulting
Ohio
$74.9K +$53.2K +1,114 +245%
Jones Financial Companies
158
Jones Financial Companies
Missouri
$66.9K +$66.9K +1,400 New
CSB
159
City State Bank
Iowa
$49.6K +$49.6K +1,038 New
GRP
160
Global Retirement Partners
California
$45.9K – – –
IA
161
IFP Advisors
Florida
$33K +$3.06K +64 +10%
ACA
162
Aptus Capital Advisors
Alabama
$28.8K +$28.8K +602 New
SRCM
163
Signature Resources Capital Management
California
$22.3K -$9.36K -196 -30%
PA
164
Parallel Advisors
California
$22.2K +$143 +3 +0.7%
PMFA
165
Plante Moran Financial Advisors
Michigan
$15.8K +$15.8K +331 New
AF
166
Advisornet Financial
Minnesota
$14.4K +$96 +2 +0.7%
CA
167
Clearstead Advisors
Ohio
$4.16K – – –
William Blair & Company
168
William Blair & Company
Illinois
$3.63K -$15.1K -317 -81%
Carson Wealth (CWM LLC)
169
Carson Wealth (CWM LLC)
Nebraska
$3K +$3.01K +63 New
BAM
170
Belpointe Asset Management
Nevada
$292 +$287 +6 New
Jane Street
171
Jane Street
New York
– -$3.78M -78,554 Closed
RVPG
172
Relative Value Partners Group
– -$2.49M -51,369 Closed
LNC
173
Lincoln National Corp
Pennsylvania
– -$1.96M -40,844 Closed
FFM
174
Forum Financial Management
Illinois
– -$1.56M -32,514 Closed
SWM
175
Soundmark Wealth Management
Washington
– -$893K -18,563 Closed
4 5 6
7
8

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.