Dimensional National Municipal Bond ETF
DFNM
70 hedge funds and large institutions have $287M invested in Dimensional National Municipal Bond ETF in 2022 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 35 increasing their positions, 13 reducing their positions, and 6 closing their positions.
183% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 6
169% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 13
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
107% more capital invested
Capital invested by funds: $139M → $287M (+$148M)
19% more funds holding
Funds holding: 59 → 70 (+11)
16.52% more ownership
Funds ownership: 40.36% → 56.88% (+17%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFA
Sequoia Financial Advisors
Akron,
Ohio
|
+$83M |
| 2 |
PFO
Pathstone Family Office
Englewood,
New Jersey
|
+$73.9M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$11.4M |
| 4 |
AssetMark Inc
Concord,
California
|
+$7.73M |
| 5 |
RVPG
Relative Value Partners Group
|
+$3.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$31.8M |
| 2 |
CWR
Chico Wealth RIA
Chico,
California
|
-$16M |
| 3 |
RCA
Resonant Capital Advisors
Madison,
Wisconsin
|
-$1.92M |
| 4 |
DPI
Diversified Portfolios Inc
Bloomfield Hills,
Michigan
|
-$1.67M |
| 5 |
FSG
Financial Strategies Group
Okemos,
Michigan
|
-$440K |
DFNM Hedge Fund Activity: Q3 2022 in Review
70 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Dimensional National Municipal Bond ETF (DFNM) for Q3 2022, worth a combined $287M — up 107% from $139M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new DFNM positions and 6 closed out — a net gain of 11 holders — while 35 added to existing stakes and 13 trimmed.
The largest buyer was Sequoia Financial Advisors, opening a new position worth an estimated $83M. The largest seller was Jane Street, cutting an estimated $31.8M.
- 70 institutional investors held Dimensional National Municipal Bond ETF (DFNM) as of Q3 2022, up from 59 in Q2 2022.
- Funds reported $287M of Dimensional National Municipal Bond ETF stock for Q3 2022, up 107% quarter-over-quarter.
- 17 funds opened new Dimensional National Municipal Bond ETF positions in Q3 2022 and 6 closed out, a net change of +11 holders.
- The largest Dimensional National Municipal Bond ETF buyer in Q3 2022 was Sequoia Financial Advisors, an estimated $83M added.
- The largest Dimensional National Municipal Bond ETF seller in Q3 2022 was Jane Street, an estimated $31.8M sold.
Based on aggregated 13F filings for Q3 2022.