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 |
| US Bancorp \de | 0.00% | No change | 37,952 | $1.8M |
| Mather Group, Llc. | 0.02% | Add +2.3% | 37,770 | $1.8M |
| Hartmann Taylor Wealth Management, LLC | 1.28% | No change | 37,250 | $1.8M |
| SwitchPoint Financial Planning, LLC | 1.28% | Add +7.8% | 36,771 | $1.8M |
| Elevate Wealth Advisory, Inc. | 1.28% | Add +2.0% | 36,699 | $1.8M |
| Sax Wealth Advisors, LLC | 0.09% | Reduce -11.6% | 36,669 | $1.8M |
| Great Oak Capital Partners, LLC | 0.45% | Reduce -9.6% | 35,811 | $1.7M |
| Mills Wealth Advisors LLC | 0.68% | Reduce -3.2% | 34,856 | $1.7M |
| Family Capital Management, Inc. | 0.78% | Add +9.3% | 33,943 | $1.6M |
| Great Valley Advisor Group, Inc. | 0.03% | Add +0.1% | 33,710 | $1.6M |
| Websterrogers Financial Advisors, LLC | 0.47% | Add +20.0% | 32,833 | $1.6M |
| Penney Financial, LLC | 0.68% | New | 31,737 | $1.5M |
| Concord Wealth Partners | 0.21% | Add +13.5% | 31,632 | $1.5M |
| Heritage Wealth Management, Inc. | 0.97% | Add +5.9% | 29,531 | $1.4M |
| Sei Investments Co. | 0.00% | Add +30.8% | 29,166 | $1.4M |
| Betterment LLC | 0.00% | Add +26.0% | 28,215 | $1.4M |
| NewEdge Advisors, LLC | 0.01% | Reduce -1.2% | 27,825 | $1.3M |
| Raymond James Financial Inc. | 0.00% | Add +526.4% | 26,742 | $1.3M |
| One Capital Management, LLC | 0.04% | Add +30.4% | 26,715 | $1.3M |
| Signature Resources Capital Management, LLC | 0.70% | Add +12.9% | 26,475 | $1.3M |
| OneDigital Investment Advisors LLC | 0.01% | Reduce -0.9% | 26,250 | $1.3M |
| CogentBlue Wealth Advisors, LLC | 0.85% | Add +13.7% | 25,881 | $1.2M |
| Mercer Global Advisors Inc. | 0.00% | Add +7.1% | 25,817 | $1.2M |
| Jackson Thornton Wealth Management, LLC | 0.12% | Add +6.5% | 25,448 | $1.2M |
| Northwest Wealth Management, LLC | 0.20% | Add +18.4% | 25,154 | $1.2M |
| One Degree Advisors Inc | 0.36% | Add +8.5% | 24,758 | $1.2M |
| WPWealth LLP | 0.19% | Add +15.6% | 24,320 | $1.2M |
| Wealthcare Advisory Partners LLC | 0.02% | Add +66.0% | 24,035 | $1.2M |
| IFP Advisors, Inc | 0.03% | Add +118.5% | 23,223 | $1.1M |
| Warburton Capital Management, LLC | 0.66% | Add +2.4% | 22,741 | $1.1M |
| Blume Capital Management, Inc. | 0.21% | No change | 22,685 | $1.1M |
| White Wing Wealth Management | 0.67% | Reduce -0.6% | 22,496 | $1.1M |
| Investmark Advisory Group LLC | 0.46% | No change | 22,084 | $1.1M |
| New Dimensions Wealth Management, LLC | 0.92% | Add +22.9% | 21,966 | $1.1M |
| Phillips Financial Management, LLC | 0.07% | Add +0.3% | 21,408 | $1.0M |
| Roberts Glore & Co. Inc. | 0.27% | No change | 20,600 | $988K |
| Royal Bank of Canada | 0.00% | Add +3.4% | 19,903 | $955K |
| Meredith Wealth Planning | 0.29% | Add +149.5% | 19,400 | $931K |
| Sterling Wealth Advisors Inc | 0.57% | Add +2.1% | 18,461 | $891K |
| Farther Finance Advisors, LLC | 0.01% | Add +774.4% | 18,030 | $865K |
| PFG Private Wealth Management, LLC | 0.39% | New | 18,022 | $865K |
| Integrity Wealth Solutions LLC | 0.39% | Reduce -6.9% | 18,022 | $865K |
| XY Planning Network, Inc. | 0.29% | No change | 17,674 | $838K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Add +19.5% | 17,369 | $833K |
| Crews Bank & Trust | 0.12% | Add +42.1% | 17,352 | $833K |
| Safeguard Investment Advisory Group, LLC | 0.20% | Reduce -15.3% | 17,100 | $820K |
| JP Wealth Management, Inc. | 0.54% | New | 16,870 | $809K |
| Brown Brothers Harriman & Co. | 0.00% | No change | 16,600 | $796K |
| ArborFi Advisors, LLC | 0.65% | Add +13.5% | 16,512 | $792K |
| Physician Wealth Solutions Inc. | 0.34% | Reduce -31.7% | 16,067 | $771K |
| CPA Asset Management Group, LLC | 0.29% | Reduce -10.7% | 15,869 | $761K |
| Sterling Wealth Management, Inc. | 0.23% | Add +24.6% | 15,637 | $750K |
| Aegis Wealth Management LLC | 0.39% | New | 15,000 | $720K |
| Comerica Bank | 0.00% | Add +9.2% | 14,769 | $709K |
| Disciplined Investments, LLC | 0.28% | Reduce -4.0% | 14,725 | $707K |
| Friday Financial | 0.30% | Add +7.1% | 14,701 | $705K |
| Rehmann Capital Advisory Group | 0.04% | No change | 14,671 | $704K |
| Physician Wealth Advisors, Inc. | 0.10% | Add +73.4% | 14,642 | $703K |
| MML Investors Services, LLC | 0.00% | Add +23.5% | 14,451 | $693K |
| Beacon Pointe Advisors, LLC | 0.01% | New | 13,592 | $652K |
| Capstone Wealth Management, LLC | 0.48% | New | 13,021 | $625K |
| Kings Path Partners LLC | 0.23% | Add +28.9% | 12,898 | $619K |
| Grunden Financial Advisory, Inc. | 0.24% | Add +13.4% | 12,465 | $598K |
| MB Generational Wealth, LLC | 0.37% | — | 12,271 | $589K |
| Jane Street Group, LLC | 0.00% | New | 12,126 | $582K |
| SpringVest Wealth Management LLC | 0.40% | No change | 11,374 | $546K |
| Iowa State Bank | 0.10% | No change | 11,271 | $541K |
| Keb Asset Management, LLC | 0.12% | Add +22.1% | 11,191 | $537K |
| Pacific Asset Management, LLC | 0.36% | Reduce -0.5% | 11,113 | $533K |
| Binnacle Investments Inc | 0.31% | Add +4.3% | 11,053 | $530K |
| CVA Family Office, LLC | 0.07% | No change | 10,785 | $517K |
| BWM Planning, LLC | 0.15% | Add +111.9% | 10,726 | $515K |
| Cetera Investment Advisers | 0.00% | Add +32.8% | 10,721 | $514K |
| Exencial Wealth Advisors, LLC | 0.02% | Add +0.0% | 10,685 | $513K |
| Jacobi Capital Management LLC | 0.03% | Add +0.7% | 10,634 | $510K |
| Burton Enright Welch | 0.08% | Reduce -1.6% | 10,631 | $510K |
| Meridian Wealth Management, LLC | 0.02% | Add +23.9% | 10,521 | $505K |
| Creative Planning | 0.00% | Add +0.3% | 10,510 | $504K |
| Claris Advisors, LLC / Mo / | 0.17% | No change | 10,288 | $488K |
| Mosaic Family Wealth Partners, LLC | 0.06% | New | 10,130 | $486K |
| Life Planning Partners, Inc | 0.35% | Add +28.6% | 10,124 | $486K |
| Eldridge Investment Advisors, Inc. | 0.11% | Add +0.6% | 10,062 | $483K |
| Jones Financial Companies LLLP | 0.00% | Reduce -11.2% | 9,980 | $478K |
| Glass Jacobson Investment Advisors llc | 0.17% | Add +12.7% | 9,965 | $478K |
| Five Oceans Advisors | 0.17% | No change | 9,620 | $462K |
| Triune Financial Partners, LLC | 0.11% | Add +57.8% | 9,440 | $453K |
| DecisionPoint Financial, LLC | 0.10% | No change | 9,344 | $449K |
| Dynamic Advisor Solutions LLC | 0.01% | Reduce -7.0% | 9,333 | $448K |
| Western Wealth Management, LLC | 0.02% | Reduce -12.0% | 9,315 | $447K |
| RCS Financial Planning, LLC | 0.20% | Add +9.1% | 9,224 | $443K |
| EverSource Wealth Advisors, LLC | 0.02% | Add +1.5% | 9,215 | $442K |
| Beta Wealth Group, Inc. | 0.17% | Add +9.4% | 9,068 | $435K |
| JDH Wealth Management, LLC | 0.31% | Add +20.0% | 9,016 | $433K |
| Vise Technologies, Inc. | 0.02% | New | 8,992 | $431K |
| Copperleaf Capital, LLC | 0.21% | Add +9.4% | 8,961 | $430K |
| Beckerman Institutional, LLC | 0.25% | Reduce -1.9% | 8,887 | $426K |
| Morgan Stanley | 0.00% | No change | 8,789 | $422K |
| Legacy Capital Wealth Partners, LLC | 0.09% | Add +2.9% | 8,569 | $411K |
| Burk Holdings LLC | 0.21% | Reduce -1.9% | 8,391 | $403K |
| Foundations Investment Advisors, LLC | 0.01% | New | 8,098 | $389K |
| Anson Capital, Inc. | 0.29% | No change | 7,935 | $381K |
| Aptus Capital Advisors, LLC | 0.00% | Add +5.6% | 7,926 | $380K |
| IFG Advisory, LLC | 0.02% | Reduce -0.7% | 7,371 | $354K |
| Strategic Investment Solutions, Inc. | 0.09% | Reduce -34.3% | 7,164 | $344K |
| Oceanside Advisors LLC | 0.21% | Add +7.1% | 7,094 | $340K |
| Midwest Trust Co | 0.00% | Reduce -4.4% | 6,946 | $333K |
| GM Advisory Group, LLC | 0.01% | New | 6,940 | $333K |
| Vantage Point Financial LLC | 0.13% | Add +16.4% | 6,918 | $332K |
| TFB Advisors LLC | 0.09% | New | 6,749 | $325K |
| Ameritas Investment Partners, Inc. | 0.01% | Add +0.7% | 6,243 | $300K |
| Pinnacle Financial Group, LLC / IL | 0.09% | New | 6,230 | $299K |
| Red Lighthouse Investment Management, LLC | 0.10% | No change | 6,141 | $295K |
| Seaside Wealth Management, Inc. | 0.08% | Reduce -6.3% | 5,859 | $281K |
| Colonial Trust Co / SC | 0.04% | Reduce -1.5% | 5,831 | $280K |
| Level Financial Advisors | 0.08% | No change | 5,775 | $277K |
| Envision Financial Planning, LLC | 0.12% | Reduce -11.8% | 5,754 | $276K |
| Creative Capital Management Investments LLC | 0.09% | Add +29.6% | 5,732 | $275K |
| Csenge Advisory Group | 0.01% | Reduce -0.6% | 5,697 | $273K |
| Tableaux LLC | 0.11% | Reduce -48.5% | 5,636 | $270K |
| KFG Wealth Management, LLC | 0.04% | Add +0.5% | 5,606 | $269K |
| Verus Capital Partners, LLC | 0.02% | New | 5,544 | $266K |
| Factor Wealth Management LTD | 0.06% | No change | 5,320 | $255K |
| Hanover Advisors Inc. | 0.10% | No change | 5,267 | $253K |
| Oak Wealth Advisors LLC | 0.14% | Reduce -76.4% | 4,959 | $238K |
| Navigoe, LLC | 0.12% | No change | 4,082 | $195K |
| McIlrath & Eck, LLC | 0.02% | Reduce -48.3% | 3,971 | $191K |
| Smartleaf Asset Management LLC | 0.01% | Add +3236.8% | 3,804 | $182K |
| Advisory Services Network, LLC | 0.00% | New | 3,041 | $146K |
| Cary Street Partners Investment Advisory LLC | 0.06% | Add +32.1% | 2,775 | $133K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -67.3% | 2,474 | $119K |
| Medallion Wealth Advisors, LLC | 0.04% | Reduce -7.9% | 2,420 | $116K |
| Cwm, LLC | 0.00% | Add +143.7% | 2,052 | $98K |
| GPS Wealth Strategies Group, LLC | 0.01% | No change | 2,000 | $96K |
| Nemes Rush Group LLC | 0.01% | Add +11.7% | 1,631 | $78K |
| Global Retirement Partners, LLC | 0.00% | Reduce -6.2% | 1,076 | $52K |
| City State Bank | 0.01% | No change | 1,038 | $50K |
| MAI Capital Management | 0.00% | New | 745 | $36K |
| SJS Investment Consulting Inc. | 0.00% | Reduce -64.4% | 690 | $33K |
| Parallel Advisors, LLC | 0.00% | Reduce -1.7% | 470 | $23K |
| MPWM Advisory Solutions, LLC | 0.01% | No change | 412 | $20K |
| AdvisorNet Financial, Inc | 0.00% | Add +0.6% | 313 | $15K |
| AE Wealth Management LLC | 0.00% | No change | 138 | $7K |
| Elequin Capital, LP | 0.00% | New | 100 | $5K |
| Blair William & Co. | 0.00% | Add +18.4% | 90 | $4K |
| Rossby Financial, LCC | 0.00% | No change | 70 | $3K |
| Capital Investment Advisory Services, LLC | 0.00% | Reduce -4.2% | 46 | $2K |
| HHM Wealth Advisors, LLC | 0.00% | New | 12 | $576 |
"% of holder's portfolio" is DFNM's weight in each manager's 13F, not the share of Dimensional National Muni BD the manager owns.