Dimensional National Muni BDDFNMETF
13F holders, Q2 2025 (June 30)241holders +2
17new positions
21sold out
$47.43avg. 13F price*
At the end of Q2 2025, 241 institutions reported holding Dimensional National Muni BD (DFNM) in their 13F filings, up 2 from Q1 2025. 17 opened new positions and 21 sold out. The largest holders were Truepoint, Inc. ($125.1M), Focus Partners Wealth ($99.2M) and Foster Group, Inc. ($71.3M).
- Company
- Dimensional National Muni BD
- CUSIP
- 25434V849
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q1 2025 → Q2 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 17 | $15.3M |
| Exits | 21 | $8.3M |
All 13F filers, Q1 2025 → Q2 2025: 2,843,874 shares bought and 1,591,351 shares sold, net +1,252,523 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 241 holders
| Truepoint, Inc. | 3.11% | Reduce -3.6% | 2,637,846 | $125.1M |
| Focus Partners Wealth | 0.21% | Add +4.4% | 2,090,487 | $99.2M |
| Foster Group, Inc. | 2.44% | Add +36.1% | 1,503,402 | $71.3M |
| GeoWealth Management, LLC | 1.60% | Reduce -1.9% | 862,408 | $40.9M |
| Beaird Harris Wealth Management, LLC | 3.02% | Add +2.4% | 821,988 | $39.0M |
| Pathstone Holdings, LLC | 0.15% | Add +6.0% | 793,418 | $37.6M |
| Rather & Kittrell, Inc. | 7.35% | Add +1.9% | 782,727 | $37.1M |
| Sequoia Financial Advisors, LLC | 0.25% | Add +5.0% | 781,593 | $37.1M |
| Focus Partners Advisor Solutions, LLC | 0.44% | Reduce -9.6% | 694,395 | $32.9M |
| MBL Wealth, LLC | 3.03% | Reduce -3.9% | 667,113 | $31.6M |
| Apella Capital, LLC | 0.79% | Reduce -5.0% | 611,392 | $29.0M |
| Commonwealth Equity Services, LLC | 0.04% | Add +0.7% | 589,215 | $27.9M |
| HighTower Advisors, LLC | 0.03% | Add +5.2% | 578,554 | $27.4M |
| Mattern Wealth Management LLC | 5.47% | Add +75.6% | 553,864 | $26.3M |
| PBMares Wealth Management LLC | 4.42% | Add +4.1% | 509,241 | $24.2M |
| Awm Capital, LLC | 2.36% | Add +37.4% | 472,297 | $22.4M |
| LPL Financial LLC | 0.01% | Add +32.6% | 399,622 | $19.0M |
| Wealth Enhancement Advisory Services, LLC | 0.03% | Reduce -8.6% | 383,826 | $18.2M |
| Austin Wealth Management, LLC | 3.18% | Reduce -41.1% | 378,263 | $17.9M |
| HFM Investment Advisors, LLC | 7.72% | Add +1.5% | 370,076 | $17.6M |
| Aspiriant, LLC | 0.52% | Add +4541.4% | 347,452 | $16.5M |
| Assetmark, Inc. | 0.04% | Reduce -16.4% | 337,654 | $16.0M |
| RAM Investment Partners, LLC | 3.34% | Reduce -21.2% | 335,907 | $15.9M |
| Bank of America Corp. | 0.00% | Reduce -2.9% | 307,275 | $14.6M |
| Yardley Wealth Management LLC | 7.27% | Reduce -5.8% | 280,206 | $13.3M |
| Strathmore Capital Advisors, Inc. | 5.45% | — | 259,734 | $12.3M |
| Graves Light Lenhart Wealth, Inc. | 1.39% | Reduce -2.0% | 246,063 | $11.7M |
| NorthCoast Asset Management LLC | 0.05% | Add +1713.3% | 234,555 | $11.1M |
| Vestment Financial LLC | 6.86% | Add +11.4% | 227,907 | $10.8M |
| Asset Planning Corporation | 5.49% | Reduce -20.2% | 217,686 | $10.3M |
| Resonant Capital Advisors, LLC | 0.66% | Reduce -8.3% | 216,429 | $10.3M |
| West Financial Advisors, LLC | 1.55% | Add +2.1% | 187,521 | $8.9M |
| Integrated Wealth Concepts LLC | 0.09% | Reduce -5.3% | 186,045 | $8.8M |
| Vested Financial Planning, LLC | 7.84% | Add +1.6% | 185,768 | $8.8M |
| Compass Financial Group, Inc. | 4.20% | Reduce -0.9% | 176,441 | $8.4M |
| David Wealth Management LLC | 6.09% | Reduce -0.3% | 172,600 | $8.2M |
| Confluence Investment Management LLC | 0.11% | Reduce -3.1% | 167,895 | $8.0M |
| Plancorp, LLC | 0.27% | Add +158.6% | 164,192 | $7.8M |
| Brady Martz Wealth Solutions, LLC | 1.44% | Add +291.4% | 156,680 | $7.4M |
| Porter White Investment Advisors, Inc. | 3.45% | Add +57.8% | 156,384 | $7.4M |
| Outbound Financial Inc | 6.60% | — | 152,235 | $7.2M |
| Collective Family Office LLC | 1.69% | Reduce -9.9% | 139,105 | $6.6M |
| Osaic Holdings, Inc. | 0.01% | Add +1.8% | 133,499 | $6.3M |
| Maryland Capital Advisors Inc. | 2.36% | Reduce -30.7% | 126,773 | $6.0M |
| Entrewealth, LLC | 4.05% | Reduce -22.4% | 123,484 | $5.9M |
| Dopkins Wealth Management, LLC | 2.53% | Add +53.9% | 119,085 | $5.6M |
| Wheelhouse Advisory Group LLC | 2.78% | Add +24.4% | 119,012 | $5.6M |
| Vestia Personal Wealth Advisors | 3.76% | Reduce -4.7% | 115,657 | $5.5M |
| Core Wealth Management, Inc. | 1.84% | Reduce -6.5% | 110,149 | $5.2M |
| United Wealth Management, LLC | 1.48% | Add +7.9% | 107,625 | $5.1M |
| Sentinel Wealth Management, Inc. | 4.77% | — | 107,077 | $5.1M |
| Citrine Capital LLC | 2.69% | Reduce -0.1% | 106,685 | $5.1M |
| Envestnet Asset Management Inc. | 0.00% | Reduce -19.4% | 94,608 | $4.5M |
| Verus Financial Partners, Inc. | 0.45% | Add +10.9% | 94,002 | $4.5M |
| Forza Wealth Management, LLC | 1.75% | New | 90,000 | $4.3M |
| Corient Private Wealth LP | 0.01% | Reduce -22.6% | 85,353 | $4.0M |
| Evanson Asset Management, LLC | 0.24% | Reduce -3.7% | 81,687 | $3.9M |
| Waverly Advisors, LLC | 0.04% | Add +7.9% | 80,670 | $3.8M |
| Stifel Financial Corp. | 0.00% | Reduce -2.1% | 79,580 | $3.8M |
| Wescott Financial Advisory Group, LLC | 0.36% | Reduce -0.7% | 79,108 | $3.8M |
| RW Investment Management LLC | 0.40% | Reduce -7.3% | 76,239 | $3.6M |
| Legacy Financial Group, Inc. | 1.07% | Reduce -18.1% | 76,154 | $3.6M |
| Vermillion Wealth Management, Inc. | 1.72% | Add +8.7% | 75,876 | $3.6M |
| BCO Wealth Management LLC | 2.48% | Add +8.3% | 73,321 | $3.5M |
| DiNuzzo Private Wealth, Inc. | 0.40% | Reduce -1.0% | 70,628 | $3.3M |
| Modera Wealth Management, LLC | 0.04% | Reduce -6.8% | 69,668 | $3.3M |
| Aspen Wealth Management LLC | 0.82% | Add +51.3% | 69,632 | $3.3M |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors | 0.21% | Reduce -10.5% | 68,173 | $3.2M |
| GEM Asset Management, LLC | 1.63% | Reduce -6.7% | 67,054 | $3.2M |
| PrairieView Partners, LLC | 0.30% | Reduce -8.4% | 66,227 | $3.1M |
| HB Wealth Management, LLC | 0.03% | Add +187.7% | 66,155 | $3.1M |
| Summit Wealth Group, LLC | 0.79% | Add +1187.7% | 65,171 | $3.1M |
| American Investment Services, Inc. | 0.79% | Reduce -27.3% | 65,088 | $3.1M |
| Aurelius Family Office LLC | 1.44% | Add +0.3% | 64,040 | $3.0M |
| Allworth Financial LP | 0.01% | Reduce -16.1% | 61,424 | $2.9M |
| Tassel Capital Management, Inc. | 2.22% | Add +1.2% | 60,980 | $2.9M |
| JPMorgan Chase & Co. | 0.00% | Reduce -36.8% | 58,794 | $2.8M |
| 25 LLC | 1.01% | Add +48.1% | 58,120 | $2.8M |
| FF Advisors,LLC | 1.38% | No change | 55,952 | $2.7M |
| Baker Avenue Asset Management, LP | 0.07% | Reduce -2.7% | 54,972 | $2.6M |
| Cary Street Partners Financial LLC | 0.07% | Add +12.0% | 54,775 | $2.6M |
| Tillman Hartley LLC | 0.72% | New | 53,681 | $2.5M |
| Patriot Financial Group Insurance Agency, LLC | 0.28% | Add +24.2% | 51,377 | $2.4M |
| Truist Financial Corp. | 0.00% | Add +0.5% | 50,665 | $2.4M |
| Timonier Family Office, LTD. | 0.84% | Reduce -22.7% | 47,474 | $2.3M |
| Verisail Partners, LLC | 0.90% | Add +2.5% | 44,840 | $2.1M |
| Liberty Capital Management, Inc. | 0.43% | Reduce -2.6% | 44,468 | $2.1M |
| Private Advisor Group, LLC | 0.01% | Add +2.2% | 43,070 | $2.0M |
| Park Avenue Securities LLC | 0.02% | Add +5.5% | 42,496 | $2.0M |
| Sax Wealth Advisors, LLC | 0.12% | Reduce -46.5% | 41,463 | $2.0M |
| Shearwater Capital LLC | 1.19% | Add +2.8% | 40,051 | $1.9M |
| Great Oak Capital Partners, LLC | 0.54% | Add +316.5% | 39,624 | $1.9M |
| Landmark Wealth Management, LLC | 0.79% | Reduce -23.4% | 39,142 | $1.9M |
| Quarry Hill Advisors, LLC | 1.06% | Add +6.3% | 38,427 | $1.8M |
| Pure Financial Advisors, LLC | 0.03% | Add +99.0% | 38,351 | $1.8M |
| Hiley Hunt Wealth Management | 0.91% | Add +0.3% | 38,041 | $1.8M |
| US Bancorp \de | 0.00% | No change | 37,952 | $1.8M |
| Old Mission Capital LLC | 0.05% | New | 37,774 | $1.8M |
| Martin Worley Group | 0.88% | Add +293.8% | 37,726 | $1.8M |
| North Ridge Wealth Advisors, Inc. | 1.10% | Reduce -28.6% | 37,657 | $1.8M |
"% of holder's portfolio" is DFNM's weight in each manager's 13F, not the share of Dimensional National Muni BD the manager owns.