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
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
12% more capital invested
Capital invested by funds: $512M → $574M (+$62.6M)
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
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BHWM
Beaird Harris Wealth Management
Dallas,
Texas
|
+$59.6M |
| 2 |
MW
MBL Wealth
Charlotte,
North Carolina
|
+$10.3M |
| 3 |
LWM
LJI Wealth Management
Indianapolis,
Indiana
|
+$6.21M |
| 4 |
WA
Waverly Advisors
Birmingham,
Alabama
|
+$3.79M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$3.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFA
Sequoia Financial Advisors
Akron,
Ohio
|
-$20.6M |
| 2 |
WFAG
Wescott Financial Advisory Group
Philadelphia,
Pennsylvania
|
-$2.88M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$2.62M |
| 4 |
TWD
True Wealth Design
Akron,
Ohio
|
-$1.94M |
| 5 |
APC
Asset Planning Corporation
Knoxville,
Tennessee
|
-$1.8M |
DFNM Hedge Fund Activity: Q2 2023 in Review
124 of the 6,383 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 12% from $512M 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 12% 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.