Dimensional National Muni BDDFNMETF
13F holders, Q3 2025 (September 30)247holders +6
21new positions
12sold out
$47.99avg. 13F price*
At the end of Q3 2025, 247 institutions reported holding Dimensional National Muni BD (DFNM) in their 13F filings, up 6 from Q2 2025. 21 opened new positions and 12 sold out. The largest holders were Truepoint, Inc. ($137.2M), Focus Partners Wealth ($123.3M) and Foster Group, Inc. ($71.6M).
- Company
- Dimensional National Muni BD
- CUSIP
- 25434V849
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 21 | $19.4M |
| Exits | 12 | $11.1M |
All 13F filers, Q2 2025 → Q3 2025: 2,776,165 shares bought and 584,514 shares sold, net +2,191,651 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 247 holders
| Truepoint, Inc. | 3.19% | Add +8.4% | 2,859,809 | $137.2M |
| Focus Partners Wealth | 0.20% | Add +22.9% | 2,569,749 | $123.3M |
| Foster Group, Inc. | 2.25% | Reduce -0.8% | 1,491,283 | $71.6M |
| GeoWealth Management, LLC | 1.51% | Add +0.2% | 864,504 | $41.5M |
| Beaird Harris Wealth Management, LLC | 2.85% | Add +1.7% | 836,330 | $40.1M |
| Focus Partners Advisor Solutions, LLC | 0.45% | Add +19.6% | 830,728 | $39.9M |
| Sequoia Financial Advisors, LLC | 0.24% | Add +4.6% | 817,821 | $39.2M |
| Pathstone Holdings, LLC | 0.15% | Add +2.3% | 811,864 | $39.0M |
| Rather & Kittrell, Inc. | 6.48% | Reduce -1.4% | 771,652 | $37.0M |
| MBL Wealth, LLC | 2.85% | Add +2.0% | 680,415 | $32.6M |
| Apella Capital, LLC | 0.71% | Add +7.4% | 656,842 | $31.7M |
| Awm Capital, LLC | 2.85% | Add +38.4% | 653,511 | $31.4M |
| HighTower Advisors, LLC | 0.03% | Add +6.4% | 615,488 | $29.5M |
| Commonwealth Equity Services, LLC | 0.04% | Add +3.3% | 608,447 | $29.2M |
| PBMares Wealth Management LLC | 4.17% | Add +5.3% | 536,316 | $25.7M |
| Mattern Wealth Management LLC | 5.07% | Reduce -4.4% | 529,294 | $25.4M |
| Austin Wealth Management, LLC | 3.41% | Add +19.1% | 450,340 | $21.7M |
| LPL Financial LLC | 0.01% | Add +5.9% | 423,200 | $20.3M |
| RAM Investment Partners, LLC | 3.73% | Add +23.4% | 414,648 | $19.9M |
| HFM Investment Advisors, LLC | 7.30% | Add +1.4% | 375,124 | $18.0M |
| Aspiriant, LLC | 0.54% | Add +5.6% | 367,049 | $17.6M |
| Wealth Enhancement Advisory Services, LLC | 0.03% | Reduce -7.9% | 353,484 | $17.0M |
| Bank of America Corp. | 0.00% | Add +11.0% | 341,011 | $16.4M |
| Assetmark, Inc. | 0.03% | Reduce -0.8% | 335,038 | $16.1M |
| Yardley Wealth Management LLC | 7.62% | Add +1.4% | 284,228 | $13.6M |
| Graves Light Lenhart Wealth, Inc. | 1.46% | Add +11.5% | 274,291 | $13.2M |
| Vestment Financial LLC | 6.95% | Add +11.4% | 253,856 | $12.2M |
| Resonant Capital Advisors, LLC | 0.67% | Add +10.5% | 239,065 | $11.5M |
| Strathmore Capital Advisors, Inc. | 4.55% | Reduce -10.9% | 231,311 | $11.1M |
| Confluence Investment Management LLC | 0.15% | Add +28.9% | 216,392 | $10.4M |
| NorthCoast Asset Management LLC | 0.04% | Reduce -7.9% | 216,090 | $10.4M |
| Asset Planning Corporation | 4.90% | Reduce -1.1% | 215,251 | $10.3M |
| West Financial Advisors, LLC | 1.54% | Add +3.3% | 193,740 | $9.3M |
| Vested Financial Planning, LLC | 7.53% | Add +4.2% | 193,524 | $9.3M |
| Integrated Wealth Concepts LLC | 0.08% | Add +0.8% | 187,606 | $9.0M |
| Brady Martz Wealth Solutions, LLC | 1.51% | Add +10.3% | 172,822 | $8.3M |
| Compass Financial Group, Inc. | 3.66% | Reduce -3.6% | 170,078 | $8.2M |
| Entrewealth, LLC | 4.15% | Add +36.2% | 168,214 | $8.1M |
| Dopkins Wealth Management, LLC | 3.39% | Add +40.6% | 167,485 | $8.0M |
| Plancorp, LLC | 0.25% | Add +1.4% | 166,513 | $8.0M |
| Porter White Investment Advisors, Inc. | 3.30% | Add +2.4% | 160,175 | $7.7M |
| Outbound Financial Inc | 6.08% | Add +2.2% | 155,550 | $7.5M |
| Wheelhouse Advisory Group LLC | 3.20% | Add +30.2% | 154,996 | $7.4M |
| Citrine Capital LLC | 3.16% | Add +33.5% | 142,390 | $6.8M |
| Osaic Holdings, Inc. | 0.01% | Add +3.8% | 138,601 | $6.6M |
| Core Wealth Management, Inc. | 2.13% | Add +25.4% | 138,159 | $6.6M |
| Maryland Capital Advisors Inc. | 2.33% | Add +7.2% | 135,947 | $6.5M |
| Vestia Personal Wealth Advisors | 3.21% | Add +8.8% | 125,804 | $6.0M |
| United Wealth Management, LLC | 1.63% | Add +15.7% | 124,493 | $6.0M |
| Collective Family Office LLC | 1.37% | Reduce -14.5% | 118,896 | $5.7M |
| Savant Capital, LLC | 0.03% | Add +421.2% | 104,860 | $5.0M |
| Sentinel Wealth Management, Inc. | 4.29% | Reduce -4.0% | 102,851 | $4.9M |
| Forza Wealth Management, LLC | 1.82% | Add +10.2% | 99,200 | $4.8M |
| Envestnet Asset Management Inc. | 0.00% | Reduce -0.8% | 93,845 | $4.5M |
| Verus Financial Partners, Inc. | 0.42% | Reduce -3.3% | 90,861 | $4.4M |
| Johnson Wealth Management, LLC | 2.28% | — | 86,104 | $4.1M |
| BCO Wealth Management LLC | 2.69% | Add +16.0% | 85,033 | $4.1M |
| Washington Trust Advisors, Inc. | 0.30% | New | 81,477 | $3.9M |
| Allworth Financial LP | 0.02% | Add +32.2% | 81,219 | $3.9M |
| Wescott Financial Advisory Group, LLC | 0.34% | Add +0.1% | 79,150 | $3.8M |
| Goldman Sachs Group Inc. | 0.00% | New | 78,860 | $3.8M |
| Stifel Financial Corp. | 0.00% | Reduce -1.8% | 78,169 | $3.8M |
| Vermillion Wealth Management, Inc. | 1.01% | Add +1.5% | 76,998 | $3.7M |
| RW Investment Management LLC | 0.37% | Reduce -1.7% | 74,924 | $3.6M |
| Tillman Hartley LLC | 0.92% | Add +37.6% | 73,891 | $3.5M |
| DiNuzzo Private Wealth, Inc. | 0.40% | Add +4.9% | 74,108 | $3.5M |
| Aurelius Family Office LLC | 1.47% | Add +7.5% | 68,869 | $3.3M |
| Aspen Wealth Management LLC | 0.73% | Reduce -1.6% | 68,486 | $3.3M |
| Modera Wealth Management, LLC | 0.04% | Reduce -2.4% | 67,994 | $3.3M |
| JPMorgan Chase & Co. | 0.00% | Add +15.5% | 67,889 | $3.3M |
| GEM Asset Management, LLC | 1.53% | Add +0.3% | 67,259 | $3.2M |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors | 0.19% | Reduce -2.0% | 66,799 | $3.2M |
| Seven Mile Advisory | 0.52% | New | 66,526 | $3.2M |
| Summit Wealth Group, LLC | 0.76% | Reduce -0.1% | 65,072 | $3.1M |
| 25 LLC | 1.05% | Add +10.8% | 64,372 | $3.1M |
| American Investment Services, Inc. | 0.74% | Reduce -1.5% | 64,110 | $3.1M |
| Legacy Financial Group, Inc. | 0.83% | Reduce -17.1% | 63,114 | $3.0M |
| Tassel Capital Management, Inc. | 1.93% | Add +3.0% | 62,794 | $3.0M |
| Truist Financial Corp. | 0.00% | Add +21.8% | 61,695 | $3.0M |
| Corient Private Wealth LP | 0.00% | Reduce -32.3% | 57,817 | $2.8M |
| Cary Street Partners Financial LLC | 0.07% | Add +4.0% | 56,946 | $2.7M |
| Baker Avenue Asset Management, LP | 0.06% | Add +2.0% | 56,056 | $2.7M |
| HB Wealth Management, LLC | 0.02% | Reduce -15.6% | 55,830 | $2.7M |
| FF Advisors,LLC | 1.27% | Reduce -1.4% | 55,193 | $2.6M |
| Waverly Advisors, LLC | 0.03% | Reduce -32.4% | 54,555 | $2.6M |
| Scratch Capital LLC | 1.70% | Add +171.0% | 53,640 | $2.6M |
| Quarry Hill Advisors, LLC | 1.22% | Add +29.2% | 49,639 | $2.4M |
| Evanson Asset Management, LLC | 0.13% | Reduce -40.5% | 48,639 | $2.3M |
| Financial Engines Advisors L.L.C. | 0.00% | Add +37.5% | 48,174 | $2.3M |
| Timonier Family Office, LTD. | 0.73% | Reduce -2.5% | 46,309 | $2.2M |
| Verisail Partners, LLC | 0.94% | Add +3.1% | 46,233 | $2.2M |
| Hiley Hunt Wealth Management | 1.04% | Add +20.7% | 45,916 | $2.2M |
| Private Advisor Group, LLC | 0.01% | Add +4.5% | 45,007 | $2.2M |
| Root Financial Partners, LLC | 0.13% | Add +503.9% | 44,552 | $2.1M |
| North Ridge Wealth Advisors, Inc. | 1.20% | Add +16.3% | 43,789 | $2.1M |
| Shearwater Capital LLC | 1.20% | Add +5.5% | 42,255 | $2.0M |
| Landmark Wealth Management, LLC | 0.80% | Add +7.2% | 41,976 | $2.0M |
| Park Avenue Securities LLC | 0.02% | Reduce -1.4% | 41,893 | $2.0M |
| Note Advisors, LLC | 1.12% | Add +9.2% | 39,126 | $1.9M |
| Pure Financial Advisors, LLC | 0.03% | Add +0.8% | 38,661 | $1.9M |
"% of holder's portfolio" is DFNM's weight in each manager's 13F, not the share of Dimensional National Muni BD the manager owns.