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Dimensional National Municipal Bond ETF
DFNM

191 hedge funds and large institutions have $1B invested in Dimensional National Municipal Bond ETF in 2024 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 82 increasing their positions, 51 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

314% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 7

61% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 51

12% more funds holding

Funds holding: 170 → 191 (+21)

9% more capital invested

Capital invested by funds: $919M → $1B (+$85.1M)

2.39% more ownership

Funds ownership: 71.38% → 73.77% (+2.4%)

6% less funds holding in top 10

Funds holding in top 10: 17 → 16 (-1)

Holders
191
Holders Change
+21
Holders Change %
+12.35%
% of All Funds
2.74%
Holding in Top 10
16
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-5.88%
% of All Funds
0.23%
New
29
Increased
82
Reduced
51
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Focus Partners Wealth
Focus Partners Wealth
Massachusetts
+$70.4M
2
AC
AWM Capital
Arizona
+$22.4M
3
FPAS
Focus Partners Advisor Solutions
Missouri
+$12.3M
4
GM
GeoWealth Management
Illinois
+$3.55M
5
Bank of America
Bank of America
North Carolina
+$3.09M

Top Sellers

1
GLLW
Graves Light Lenhart Wealth
Virginia
-$12.5M
2
Lido Advisors
Lido Advisors
California
-$2.94M
3
CIM
Confluence Investment Management
Missouri
-$2.1M
4
SFA
Sequoia Financial Advisors
Ohio
-$1.67M
5
MWA
Mills Wealth Advisors
Texas
-$1.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
EFP
151
Envision Financial Planning
Tennessee
$289K +$3.67K +76 +1%
CT
152
Colonial Trust
South Carolina
$287K – – –
CCMI
153
Creative Capital Management Investments
California
$286K +$157K +3,266 +124%
AQR Capital Management
154
AQR Capital Management
Connecticut
$284K +$283K +5,859 New
SWM
155
Sterling Wealth Management
Illinois
$284K +$282K +5,856 New
DPI
156
Diversified Portfolios Inc
Michigan
$276K -$90.9K -1,885 -25%
Creative Planning
157
Creative Planning
Kansas
$274K +$3.38K +70 +1%
KWM
158
KFG Wealth Management
Indiana
$270K -$6.51K -135 -2%
Comerica Bank
159
Comerica Bank
Texas
$263K – – –
CAG
160
Csenge Advisory Group
Florida
$261K +$261K +5,402 New
SPC
161
Sigma Planning Corp
Michigan
$253K -$14.3K -297 -5%
SWM
162
Seaside Wealth Management
California
$251K +$1.64K +34 +0.7%
OMC
163
Old Mission Capital
Illinois
$247K +$245K +5,081 New
CCFM
164
Clear Creek Financial Management
Washington
$245K – – –
SWM
165
SeaCrest Wealth Management
New York
$242K – – –
FFA
166
Farther Finance Advisors
California
$240K +$239K +4,951 New
RFP
167
Root Financial Partners
California
$240K +$238K +4,940 New
JC
168
Jentner Corp
Ohio
$236K +$235K +4,870 New
CA
169
Claris Advisors
Missouri
$236K +$13K +269 +6%
BCG
170
Breakwater Capital Group
New Jersey
$227K +$9.69K +201 +4%
CL
171
Choreo LLC
Illinois
$224K – – –
BOSSRA
172
B.O.S.S. Retirement Advisors
Utah
$219K +$217K +4,509 New
AFA
173
Alpha Financial Advisors
North Carolina
$204K – – –
MFWP
174
Mosaic Family Wealth Partners
Missouri
$201K +$200K +4,139 New
DWM
175
Dopkins Wealth Management
New York
$200K +$198K +4,112 New
4 5 6
7
8

DFNM Hedge Fund Activity: Q3 2024 in Review

191 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Dimensional National Municipal Bond ETF (DFNM) for Q3 2024, worth a combined $1B — up 9.3% from $919M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new DFNM positions and 7 closed out — a net gain of 22 holders — while 82 added to existing stakes and 51 trimmed.

The largest buyer was Focus Partners Wealth, opening a new position worth an estimated $70.4M. The largest seller was Graves Light Lenhart Wealth, cutting an estimated $12.5M.

  • 191 institutional investors held Dimensional National Municipal Bond ETF (DFNM) as of Q3 2024, up from 170 in Q2 2024.
  • Funds reported $1B of Dimensional National Municipal Bond ETF stock for Q3 2024, up 9.3% quarter-over-quarter.
  • 29 funds opened new Dimensional National Municipal Bond ETF positions in Q3 2024 and 7 closed out, a net change of +22 holders.
  • The largest Dimensional National Municipal Bond ETF buyer in Q3 2024 was Focus Partners Wealth, an estimated $70.4M added.
  • The largest Dimensional National Municipal Bond ETF seller in Q3 2024 was Graves Light Lenhart Wealth, an estimated $12.5M sold.

Based on aggregated 13F filings for Q3 2024.