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 |
| CPA Asset Management Group, LLC | 0.64% | Add +0.5% | 30,539 | $1.5M |
| Family Capital Management, Inc. | 0.89% | Add +155.2% | 30,375 | $1.4M |
| Strategic Investment Solutions, Inc. | 0.40% | Reduce -14.6% | 28,711 | $1.4M |
| Heritage Wealth Management, Inc. | 1.13% | Add +7.9% | 27,868 | $1.3M |
| Blume Capital Management, Inc. | 0.29% | Reduce -15.1% | 27,152 | $1.3M |
| NewEdge Advisors, LLC | 0.01% | Add +160.9% | 26,937 | $1.3M |
| Integrity Wealth Solutions LLC | 0.67% | Reduce -18.5% | 26,028 | $1.2M |
| Northwest Wealth Management, LLC | 0.24% | Add +51.1% | 25,764 | $1.2M |
| Physician Wealth Solutions Inc. | 0.61% | Reduce -1.4% | 25,538 | $1.2M |
| Scratch Capital LLC | 1.20% | Add +6.1% | 24,519 | $1.2M |
| Mercer Global Advisors Inc. | 0.00% | Reduce -8.3% | 23,437 | $1.1M |
| HB Wealth Management, LLC | 0.01% | New | 22,994 | $1.1M |
| Jackson Thornton Wealth Management, LLC | 0.14% | Add +55.6% | 22,818 | $1.1M |
| One Degree Advisors Inc | 0.44% | Reduce -0.8% | 22,395 | $1.1M |
| Investmark Advisory Group LLC | 0.52% | No change | 22,084 | $1.1M |
| White Wing Wealth Management | 0.81% | Reduce -19.8% | 22,084 | $1.0M |
| Websterrogers Financial Advisors, LLC | 0.34% | Reduce -10.2% | 21,189 | $1.0M |
| Savant Capital, LLC | 0.01% | Reduce -38.7% | 20,646 | $982K |
| Roberts Glore & Co. Inc. | 0.30% | No change | 20,600 | $980K |
| Main Street Financial Solutions, LLC | 0.08% | Reduce -4.5% | 20,138 | $958K |
| Pure Financial Advisors, LLC | 0.02% | Add +6.0% | 19,273 | $917K |
| WPWealth LLP | 0.18% | Reduce -2.2% | 19,085 | $908K |
| Safeguard Investment Advisory Group, LLC | 0.25% | Reduce -18.9% | 19,026 | $905K |
| Note Advisors, LLC | 0.74% | Add +25.9% | 18,957 | $902K |
| New Dimensions Wealth Management, LLC | 0.86% | — | 18,160 | $864K |
| One Capital Management, LLC | 0.03% | New | 17,935 | $853K |
| Sterling Wealth Advisors Inc | 0.64% | Reduce -2.4% | 17,522 | $834K |
| Oak Wealth Advisors LLC | 0.61% | Add +3.2% | 17,239 | $820K |
| Brown Brothers Harriman & Co. | 0.01% | No change | 16,600 | $790K |
| Disciplined Investments, LLC | 0.34% | No change | 15,333 | $729K |
| Rehmann Capital Advisory Group | 0.05% | No change | 15,300 | $728K |
| Parkworth Wealth Management, Inc. | 0.58% | Add +11.7% | 15,258 | $726K |
| JDH Wealth Management, LLC | 0.59% | Add +235.1% | 14,523 | $691K |
| Wealthcare Advisory Partners LLC | 0.02% | New | 14,367 | $683K |
| Friday Financial | 0.40% | No change | 14,159 | $675K |
| NorthCoast Asset Management LLC | 0.00% | Add +6.6% | 12,935 | $615K |
| Tableaux LLC | 0.44% | Reduce -11.8% | 12,772 | $608K |
| Wealthstream Advisors, Inc. | 0.11% | No change | 12,647 | $602K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Reduce -0.5% | 12,295 | $585K |
| Crews Bank & Trust | 0.10% | Add +5.4% | 12,210 | $581K |
| Eldridge Investment Advisors, Inc. | 0.13% | Reduce -14.5% | 12,102 | $576K |
| Dynamic Advisor Solutions LLC | 0.02% | Add +0.1% | 11,953 | $569K |
| Betterment LLC | 0.00% | Add +21.0% | 11,700 | $557K |
| MML Investors Services, LLC | 0.00% | Reduce -55.1% | 11,612 | $552K |
| SpringVest Wealth Management LLC | 0.45% | No change | 11,374 | $541K |
| Burton Enright Welch | 0.11% | No change | 11,291 | $537K |
| Iowa State Bank | 0.11% | New | 11,271 | $536K |
| Western Wealth Management, LLC | 0.04% | Reduce -4.5% | 11,265 | $536K |
| Creative Planning | 0.00% | Add +2.2% | 10,986 | $523K |
| Grunden Financial Advisory, Inc. | 0.25% | Add +0.6% | 10,912 | $519K |
| Concord Wealth Partners | 0.08% | New | 10,860 | $517K |
| CVA Family Office, LLC | 0.08% | No change | 10,785 | $513K |
| Exencial Wealth Advisors, LLC | 0.02% | New | 10,526 | $501K |
| Jacobi Capital Management LLC | 0.04% | New | 10,478 | $498K |
| XY Planning Network, Inc. | 0.32% | Add +17.6% | 10,130 | $482K |
| DecisionPoint Financial, LLC | 0.14% | No change | 10,098 | $480K |
| Five Oceans Advisors | 0.22% | Reduce -38.8% | 9,620 | $458K |
| Warburton Capital Management, LLC | 0.33% | Reduce -2.6% | 9,610 | $457K |
| Martin Worley Group | 0.26% | Add +1.0% | 9,580 | $456K |
| Great Oak Capital Partners, LLC | 0.15% | No change | 9,514 | $453K |
| McIlrath & Eck, LLC | 0.06% | Add +23.2% | 9,469 | $450K |
| Burk Holdings LLC | 0.33% | Reduce -4.8% | 9,129 | $434K |
| ArborFi Advisors, LLC | 0.43% | Add +31.9% | 9,028 | $429K |
| Beta Wealth Group, Inc. | 0.15% | Reduce -6.5% | 8,968 | $427K |
| Claris Advisors, LLC / Mo / | 0.16% | Reduce -14.9% | 8,852 | $421K |
| Beckerman Institutional, LLC | 0.30% | Add +0.5% | 8,856 | $421K |
| Morgan Stanley | 0.00% | Add +0.0% | 8,836 | $420K |
| LJI Wealth Management, LLC | 0.08% | Reduce -3.3% | 8,831 | $420K |
| Pacific Asset Management, LLC | 0.37% | Add +8.8% | 8,764 | $417K |
| Captrust Financial Advisors | 0.00% | Reduce -4.7% | 8,598 | $409K |
| Glass Jacobson Investment Advisors llc | 0.13% | No change | 8,541 | $408K |
| Copperleaf Capital, LLC | 0.24% | Reduce -1.0% | 8,462 | $403K |
| Physician Wealth Advisors, Inc. | 0.07% | Add +89.8% | 8,444 | $402K |
| Triune Financial Partners, LLC | 0.13% | Add +0.6% | 8,439 | $401K |
| Binnacle Investments Inc | 0.29% | — | 8,430 | $401K |
| Jentner Corp | 0.12% | Reduce -21.2% | 8,123 | $386K |
| RCS Financial Planning, LLC | 0.20% | Reduce -9.9% | 7,899 | $376K |
| Comerica Bank | 0.00% | Add +42.4% | 7,711 | $367K |
| Beacon Pointe Advisors, LLC | 0.00% | New | 7,642 | $364K |
| Aspiriant, LLC | 0.01% | No change | 7,486 | $356K |
| Financial Counselors Inc. | 0.01% | Reduce -2.4% | 7,439 | $354K |
| IFG Advisory, LLC | 0.02% | Add +10.3% | 7,315 | $348K |
| BWM Planning, LLC | 0.14% | Reduce -7.3% | 6,853 | $326K |
| Firethorn Wealth Partners, LLC | 0.16% | Reduce -0.5% | 6,842 | $325K |
| Aptus Capital Advisors, LLC | 0.00% | Reduce -36.7% | 6,819 | $324K |
| Envision Financial Planning, LLC | 0.16% | Reduce -0.1% | 6,637 | $316K |
| Acorn Wealth Advisors, LLC | 0.13% | No change | 6,545 | $311K |
| Oceanside Advisors LLC | 0.22% | Reduce -73.1% | 6,495 | $309K |
| Meredith Wealth Planning | 0.14% | Add +4.0% | 6,490 | $309K |
| Keb Asset Management, LLC | 0.09% | Add +17.5% | 6,465 | $308K |
| Red Lighthouse Investment Management, LLC | 0.13% | Reduce -6.8% | 6,377 | $307K |
| Ameritas Investment Partners, Inc. | 0.01% | Add +0.6% | 6,152 | $293K |
| Vantage Point Financial LLC | 0.14% | Reduce -0.4% | 5,918 | $282K |
| Cary Street Partners Investment Advisory LLC | 0.16% | New | 5,901 | $281K |
| Colonial Trust Co / SC | 0.04% | Reduce -0.9% | 5,859 | $279K |
| AQR Capital Management | 0.00% | Reduce -0.7% | 5,786 | $275K |
| Anson Capital, Inc. | 0.23% | New | 5,735 | $273K |
| KFG Wealth Management, LLC | 0.05% | No change | 5,570 | $265K |
| Verus Capital Partners, LLC | 0.03% | New | 5,477 | $261K |
| Alpha Financial Advisors, LLC | 0.11% | No change | 5,400 | $257K |
| Factor Wealth Management LTD | 0.08% | No change | 5,320 | $253K |
| Csenge Advisory Group | 0.01% | Reduce -0.7% | 5,355 | $252K |
| Sigma Planning Corp | 0.01% | Reduce -5.4% | 5,265 | $250K |
| Seaside Wealth Management, Inc. | 0.09% | Add +0.6% | 5,239 | $249K |
| Life Planning Partners, Inc | 0.22% | No change | 5,200 | $247K |
| Root Financial Partners, LLC | 0.03% | Add +4.0% | 5,156 | $245K |
| Summit Wealth Group, LLC | 0.07% | New | 5,061 | $241K |
| Clear Creek Financial Management, LLC | 0.02% | No change | 5,056 | $241K |
| SeaCrest Wealth Management, LLC | 0.03% | No change | 4,986 | $237K |
| Creative Capital Management Investments LLC | 0.09% | No change | 4,946 | $235K |
| Diversified Portfolios, Inc. | 0.02% | Reduce -3.9% | 4,875 | $232K |
| Sage Rhino Capital LLC | 0.05% | Add +0.1% | 4,673 | $222K |
| Stage Harbor Financial, LLC | 0.19% | New | 4,611 | $219K |
| Kings Path Partners LLC | 0.10% | New | 4,502 | $214K |
| Jones Financial Companies LLLP | 0.00% | Add +201.7% | 4,320 | $205K |
| Wealthspan Partners, LLC | 0.09% | Reduce -54.5% | 4,224 | $201K |
| Navigoe, LLC | 0.17% | No change | 4,082 | $194K |
| GPS Wealth Strategies Group, LLC | 0.02% | No change | 3,705 | $176K |
| Medallion Wealth Advisors, LLC | 0.06% | Add +8.6% | 2,769 | $132K |
| Farther Finance Advisors, LLC | 0.00% | Add +28.1% | 2,072 | $99K |
| SJS Investment Consulting Inc. | 0.01% | No change | 1,744 | $83K |
| Geneos Wealth Management Inc. | 0.00% | Add +292.0% | 1,223 | $58K |
| Nemes Rush Group LLC | 0.01% | Add +239.9% | 1,040 | $49K |
| City State Bank | 0.02% | No change | 1,038 | $49K |
| Cwm, LLC | 0.00% | No change | 842 | $40K |
| Principal Securities, Inc. | 0.00% | No change | 831 | $40K |
| IFP Advisors, Inc | 0.00% | Add +1.0% | 809 | $38K |
| Signature Resources Capital Management, LLC | 0.02% | Add +31.4% | 607 | $29K |
| Parallel Advisors, LLC | 0.00% | Add +0.8% | 475 | $23K |
| Northwestern Mutual Wealth Management Co. | 0.00% | New | 453 | $22K |
| MPWM Advisory Solutions, LLC | 0.01% | No change | 412 | $20K |
| AdvisorNet Financial, Inc | 0.00% | Add +0.7% | 309 | $15K |
| AE Wealth Management LLC | 0.00% | No change | 138 | $7K |
| PNC Financial Services Group, Inc. | 0.00% | New | 125 | $6K |
| Blair William & Co. | 0.00% | No change | 82 | $4K |
| Rossby Financial, LCC | 0.00% | New | 71 | $3K |
| Raffa Wealth Management, LLC | 0.00% | No change | 56 | $3K |
| Capital Investment Advisory Services, LLC | 0.00% | New | 48 | $2K |
| Keystone Global Partners, LLC | 0.00% | — | 1 | $48 |
"% of holder's portfolio" is DFNM's weight in each manager's 13F, not the share of Dimensional National Muni BD the manager owns.