Dimensional National Muni BDDFNMETF
13F holders, Q1 2025 (March 31)239holders +8
20new positions
13sold out
1famous investor
$47.54avg. 13F price*
At the end of Q1 2025, 239 institutions reported holding Dimensional National Muni BD (DFNM) in their 13F filings, up 8 from Q4 2024. 20 opened new positions and 13 sold out. The largest holders were Truepoint, Inc. ($130.1M), Focus Partners Wealth ($95.2M) and Foster Group, Inc. ($52.5M). One famous investor held it Cliff Asness (0.0% of AQR Capital Management's portfolio).
- Company
- Dimensional National Muni BD
- CUSIP
- 25434V849
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q4 2024 → Q1 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 20 | $11.2M |
| Exits | 13 | $4.1M |
All 13F filers, Q4 2024 → Q1 2025: 2,024,368 shares bought and 757,579 shares sold, net +1,266,789 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 239 holders
| Truepoint, Inc. | 3.53% | Add +1.3% | 2,735,267 | $130.1M |
| Focus Partners Wealth | 0.24% | Add +3.8% | 2,001,930 | $95.2M |
| Foster Group, Inc. | 1.97% | Reduce -3.5% | 1,104,373 | $52.5M |
| GeoWealth Management, LLC | 1.68% | Reduce -12.7% | 879,000 | $41.8M |
| Beaird Harris Wealth Management, LLC | 3.25% | Reduce -2.0% | 803,070 | $38.2M |
| Rather & Kittrell, Inc. | 7.92% | Add +10.0% | 767,756 | $36.5M |
| Focus Partners Advisor Solutions, LLC | 0.56% | Add +63.9% | 767,754 | $36.5M |
| Pathstone Holdings, LLC | 0.15% | Add +7.4% | 748,499 | $35.6M |
| Sequoia Financial Advisors, LLC | 0.27% | Add +21.4% | 744,689 | $35.4M |
| MBL Wealth, LLC | 3.34% | Reduce -0.4% | 693,911 | $33.0M |
| Austin Wealth Management, LLC | 6.06% | Add +6.8% | 642,423 | $30.2M |
| Apella Capital, LLC | 1.04% | Add +16.4% | 643,483 | $30.2M |
| Commonwealth Equity Services, LLC | 0.04% | Reduce -7.4% | 585,114 | $27.8M |
| HighTower Advisors, LLC | 0.04% | Add +56.8% | 549,979 | $26.2M |
| PBMares Wealth Management LLC | 4.66% | Add +17.3% | 489,037 | $23.3M |
| RAM Investment Partners, LLC | 5.01% | Add +5.5% | 426,342 | $20.3M |
| Wealth Enhancement Advisory Services, LLC | 0.04% | Reduce -16.8% | 420,114 | $20.0M |
| Assetmark, Inc. | 0.05% | Reduce -0.8% | 403,652 | $19.2M |
| HFM Investment Advisors, LLC | 8.41% | — | 364,661 | $17.3M |
| Awm Capital, LLC | 1.91% | Reduce -13.7% | 343,689 | $16.3M |
| Bank of America Corp. | 0.00% | Add +14.7% | 316,453 | $15.1M |
| Mattern Wealth Management LLC | 3.32% | Add +7.6% | 315,341 | $15.0M |
| LPL Financial LLC | 0.01% | Add +10.3% | 301,351 | $14.3M |
| Yardley Wealth Management LLC | 8.33% | Reduce -3.8% | 297,286 | $14.1M |
| Asset Planning Corporation | 7.65% | Add +7.0% | 272,813 | $13.0M |
| Graves Light Lenhart Wealth, Inc. | 1.47% | Add +7.7% | 251,198 | $11.9M |
| Resonant Capital Advisors, LLC | 0.78% | Add +25.6% | 236,140 | $11.2M |
| Vestment Financial LLC | 7.00% | Add +10.6% | 204,585 | $9.8M |
| Integrated Wealth Concepts LLC | 0.11% | Reduce -1.6% | 196,429 | $9.3M |
| West Financial Advisors, LLC | 1.66% | Add +6.1% | 183,677 | $8.7M |
| Maryland Capital Advisors Inc. | 3.84% | Reduce -3.3% | 182,970 | $8.7M |
| Vested Financial Planning, LLC | 8.69% | Reduce -2.1% | 182,823 | $8.7M |
| Compass Financial Group, Inc. | 4.35% | Reduce -3.1% | 178,003 | $8.5M |
| Confluence Investment Management LLC | 0.12% | Reduce -2.4% | 173,223 | $8.2M |
| David Wealth Management LLC | 6.89% | Add +4.0% | 173,079 | $8.2M |
| Entrewealth, LLC | 5.82% | Add +13.2% | 159,113 | $7.6M |
| Collective Family Office LLC | 1.98% | Reduce -6.6% | 154,367 | $7.3M |
| Osaic Holdings, Inc. | 0.01% | Add +87.6% | 131,175 | $6.2M |
| Vestia Personal Wealth Advisors | 4.57% | Add +4.7% | 121,413 | $5.8M |
| Core Wealth Management, Inc. | 2.15% | Add +30.9% | 117,759 | $5.6M |
| Envestnet Asset Management Inc. | 0.00% | Add +0.8% | 117,388 | $5.6M |
| Corient Private Wealth LP | 0.01% | Reduce -1.5% | 110,262 | $5.2M |
| Citrine Capital LLC | 3.18% | Add +106.6% | 106,763 | $5.1M |
| United Wealth Management, LLC | 1.49% | Add +3.6% | 99,714 | $4.7M |
| Porter White Investment Advisors, Inc. | 2.33% | Add +1.4% | 99,081 | $4.7M |
| Wheelhouse Advisory Group LLC | 2.60% | Add +132.9% | 95,639 | $4.5M |
| JPMorgan Chase & Co. | 0.00% | Add +9.1% | 92,977 | $4.4M |
| Legacy Financial Group, Inc. | 1.42% | Reduce -1.8% | 92,937 | $4.4M |
| American Investment Services, Inc. | 0.75% | Reduce -3.3% | 89,542 | $4.3M |
| Evanson Asset Management, LLC | 0.29% | Reduce -11.5% | 84,812 | $4.0M |
| Verus Financial Partners, Inc. | 0.45% | Add +5.1% | 84,788 | $4.0M |
| RW Investment Management LLC | 0.48% | Reduce -0.1% | 82,238 | $3.9M |
| Stifel Financial Corp. | 0.00% | Add +4.2% | 81,265 | $3.9M |
| Wescott Financial Advisory Group, LLC | 0.39% | Reduce -11.6% | 79,701 | $3.8M |
| Sax Wealth Advisors, LLC | 0.26% | Reduce -23.9% | 77,558 | $3.7M |
| Dopkins Wealth Management, LLC | 1.87% | Add +34.4% | 77,377 | $3.7M |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors | 0.29% | Reduce -7.2% | 76,203 | $3.6M |
| Waverly Advisors, LLC | 0.04% | Reduce -3.4% | 74,791 | $3.6M |
| Modera Wealth Management, LLC | 0.05% | Reduce -2.2% | 74,778 | $3.6M |
| Allworth Financial LP | 0.02% | Reduce -16.8% | 73,211 | $3.4M |
| PrairieView Partners, LLC | 0.36% | Add +35.8% | 72,279 | $3.4M |
| GEM Asset Management, LLC | 1.92% | Reduce -2.5% | 71,883 | $3.4M |
| DiNuzzo Private Wealth, Inc. | 0.43% | Add +10.2% | 71,350 | $3.4M |
| Financial Engines Advisors L.L.C. | 0.01% | Add +18.1% | 70,058 | $3.3M |
| Vermillion Wealth Management, Inc. | 0.99% | Reduce -13.4% | 69,791 | $3.3M |
| BCO Wealth Management LLC | 2.53% | Add +14.9% | 67,705 | $3.2M |
| Aurelius Family Office LLC | 1.54% | Add +6.2% | 63,846 | $3.0M |
| Plancorp, LLC | 0.12% | New | 63,487 | $3.0M |
| Timonier Family Office, LTD. | 1.29% | Reduce -1.0% | 61,420 | $2.9M |
| Tassel Capital Management, Inc. | 2.51% | Reduce -18.4% | 60,263 | $2.9M |
| Baker Avenue Asset Management, LP | 0.08% | Add +18.9% | 56,482 | $2.7M |
| FF Advisors,LLC | 1.52% | Add +0.0% | 55,952 | $2.7M |
| North Ridge Wealth Advisors, Inc. | 1.67% | Add +13.4% | 52,703 | $2.5M |
| Hartmann Taylor Wealth Management, LLC | 2.19% | — | 51,450 | $2.4M |
| Mills Wealth Advisors LLC | 1.29% | Reduce -7.6% | 51,169 | $2.4M |
| Landmark Wealth Management, LLC | 1.07% | Add +6.8% | 51,064 | $2.4M |
| Truist Financial Corp. | 0.00% | Add +1.9% | 50,438 | $2.4M |
| Mather Group, Llc. | 0.03% | Add +7.8% | 50,109 | $2.4M |
| Cary Street Partners Financial LLC | 0.07% | Add +8.0% | 48,890 | $2.3M |
| Aspen Wealth Management LLC | 0.62% | Add +13.7% | 46,034 | $2.2M |
| Liberty Capital Management, Inc. | 0.48% | No change | 45,661 | $2.2M |
| Jane Street Group, LLC | 0.00% | Add +32.5% | 44,323 | $2.1M |
| Verisail Partners, LLC | 0.96% | Add +0.9% | 43,745 | $2.1M |
| Private Advisor Group, LLC | 0.01% | Reduce -1.6% | 42,127 | $2.0M |
| Patriot Financial Group Insurance Agency, LLC | 0.26% | Add +4.2% | 41,372 | $2.0M |
| Park Avenue Securities LLC | 0.02% | Add +0.3% | 40,299 | $1.9M |
| Brady Martz Wealth Solutions, LLC | 0.43% | Add +162.2% | 40,034 | $1.9M |
| 25 LLC | 0.77% | Reduce -3.7% | 39,248 | $1.9M |
| Shearwater Capital LLC | 1.30% | Add +5.4% | 38,975 | $1.9M |
| SwitchPoint Financial Planning, LLC | 1.73% | Reduce -11.4% | 38,320 | $1.8M |
| Hiley Hunt Wealth Management | 0.99% | Reduce -1.6% | 37,908 | $1.8M |
| US Bancorp \de | 0.00% | Reduce -34.7% | 37,952 | $1.8M |
| OneDigital Investment Advisors LLC | 0.02% | Reduce -3.0% | 37,138 | $1.8M |
| Phillips Financial Management, LLC | 0.14% | Reduce -1.6% | 36,726 | $1.7M |
| Quarry Hill Advisors, LLC | 1.12% | Add +16.9% | 36,156 | $1.7M |
| Elevate Wealth Advisory, Inc. | 1.16% | Reduce -16.5% | 34,490 | $1.6M |
| Great Valley Advisor Group, Inc. | 0.03% | Add +1.0% | 33,309 | $1.6M |
| Elequin Capital, LP | 0.42% | New | 33,207 | $1.6M |
| CogentBlue Wealth Advisors, LLC | 1.32% | Add +17.4% | 31,692 | $1.5M |
| Royal Bank of Canada | 0.00% | Add +6.5% | 30,965 | $1.5M |
"% of holder's portfolio" is DFNM's weight in each manager's 13F, not the share of Dimensional National Muni BD the manager owns.