Dimensional National Municipal Bond ETF
DFNM
138 hedge funds and large institutions have $674M invested in Dimensional National Municipal Bond ETF in 2023 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 54 increasing their positions, 45 reducing their positions, and 11 closing their positions.
198% more capital inflows, than outflows
Capital inflows: $196M | Capital outflows: $65.6M
145% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 11
20% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 45
11% more funds holding
Funds holding: 124 → 138 (+14)
6% more funds holding in top 10
Funds holding in top 10: 16 → 17 (+1)
4.83% more ownership
Funds ownership: 67.69% → 72.52% (+4.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truepoint Inc
Cincinnati,
Ohio
|
+$85.6M |
| 2 |
Graves Light Lenhart Wealth
Harrisonburg,
Virginia
|
+$9.7M |
| 3 |
Strategic Investment Solutions
Orland Park,
Illinois
|
+$9.35M |
| 4 |
Savant Capital
Rockford,
Illinois
|
+$8.3M |
| 5 |
West Financial Advisors
Des Moines,
Iowa
|
+$7.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Family Office
Englewood,
New Jersey
|
-$34.4M |
| 2 |
Beaird Harris Wealth Management
Dallas,
Texas
|
-$5.92M |
| 3 |
Advisor Partners II
Walnut Creek,
California
|
-$4.67M |
| 4 |
Sequoia Financial Advisors
Akron,
Ohio
|
-$3.59M |
| 5 |
Jane Street
New York
|
-$2.78M |
DFNM Hedge Fund Activity: Q3 2023 in Review
138 of the 6,316 institutional investors tracked by Wall St. Rank reported a position in Dimensional National Municipal Bond ETF (DFNM) for Q3 2023, worth a combined $674M — up 17% from $574M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new DFNM positions and 11 closed out — a net gain of 16 holders — while 54 added to existing stakes and 45 trimmed.
The largest buyer was Truepoint Inc, adding an estimated $85.6M. The largest seller was Pathstone Family Office, cutting an estimated $34.4M.
- 138 institutional investors held Dimensional National Municipal Bond ETF (DFNM) as of Q3 2023, up from 124 in Q2 2023.
- Funds reported $674M of Dimensional National Municipal Bond ETF stock for Q3 2023, up 17% quarter-over-quarter.
- 27 funds opened new Dimensional National Municipal Bond ETF positions in Q3 2023 and 11 closed out, a net change of +16 holders.
- The largest Dimensional National Municipal Bond ETF buyer in Q3 2023 was Truepoint Inc, an estimated $85.6M added.
- The largest Dimensional National Municipal Bond ETF seller in Q3 2023 was Pathstone Family Office, an estimated $34.4M sold.
Based on aggregated 13F filings for Q3 2023.