Dimensional National Municipal Bond ETF
DFNM
163 hedge funds and large institutions have $895M invested in Dimensional National Municipal Bond ETF in 2024 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 78 increasing their positions, 46 reducing their positions, and 11 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 46
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
12% more capital invested
Capital invested by funds: $802M → $895M (+$93.1M)
2.49% more ownership
Funds ownership: 70.38% → 72.87% (+2.5%)
1% less funds holding
Funds holding: 165 → 163 (-2)
11% less funds holding in top 10
Funds holding in top 10: 19 → 17 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FG
Foster Group
West Des Moines,
Iowa
|
+$56M |
| 2 |
GM
GeoWealth Management
Chicago,
Illinois
|
+$45M |
| 3 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$18M |
| 4 |
TI
Truepoint Inc
Cincinnati,
Ohio
|
+$13.8M |
| 5 |
BSW
Buckingham Strategic Wealth
Clayton,
Missouri
|
+$10.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFA
Sequoia Financial Advisors
Akron,
Ohio
|
-$6.09M |
| 2 |
MWA
Mills Wealth Advisors
Southlake,
Texas
|
-$5.54M |
| 3 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
-$3.86M |
| 4 |
PCA
Prosperity Capital Advisors
Westlake,
Ohio
|
-$1.98M |
| 5 |
SC
Savant Capital
Rockford,
Illinois
|
-$1.64M |
DFNM Hedge Fund Activity: Q1 2024 in Review
163 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Dimensional National Municipal Bond ETF (DFNM) for Q1 2024, worth a combined $895M — up 12% from $802M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new DFNM positions and 11 closed out — a net gain of 3 holders — while 78 added to existing stakes and 46 trimmed.
The largest buyer was Foster Group, adding an estimated $56M. The largest seller was Sequoia Financial Advisors, cutting an estimated $6.09M.
- 163 institutional investors held Dimensional National Municipal Bond ETF (DFNM) as of Q1 2024, down from 165 in Q4 2023.
- Funds reported $895M of Dimensional National Municipal Bond ETF stock for Q1 2024, up 12% quarter-over-quarter.
- 14 funds opened new Dimensional National Municipal Bond ETF positions in Q1 2024 and 11 closed out, a net change of +3 holders.
- The largest Dimensional National Municipal Bond ETF buyer in Q1 2024 was Foster Group, an estimated $56M added.
- The largest Dimensional National Municipal Bond ETF seller in Q1 2024 was Sequoia Financial Advisors, an estimated $6.09M sold.
Based on aggregated 13F filings for Q1 2024.