Dimensional National Muni BDDFNMETF
13F holders, Q4 2025 (December 31)275holders +28
20new positions
12sold out
1famous investor
$48.14avg. 13F price*
At the end of Q4 2025, 275 institutions reported holding Dimensional National Muni BD (DFNM) in their 13F filings, up 28 from Q3 2025. 20 opened new positions and 12 sold out. The largest holders were Focus Partners Wealth ($176.4M), Truepoint, Inc. ($143.3M) and Foster Group, Inc. ($70.6M). One famous investor held it Ken Griffin (0.0% of Citadel Advisors's portfolio).
- Company
- Dimensional National Muni BD
- CUSIP
- 25434V849
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 20 | $102.7M |
| Exits | 12 | $14.9M |
All 13F filers, Q3 2025 → Q4 2025: 5,857,431 shares bought and 1,380,591 shares sold, net +4,476,840 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 275 holders
| Focus Partners Wealth | 0.20% | Add +42.5% | 3,662,918 | $176.4M |
| Truepoint, Inc. | 3.22% | Add +4.0% | 2,974,080 | $143.3M |
| Foster Group, Inc. | 2.13% | Reduce -1.7% | 1,465,775 | $70.6M |
| Symmetry Partners, LLC | 3.78% | New | 1,326,778 | $63.9M |
| GeoWealth Management, LLC | 1.57% | Add +2.1% | 882,985 | $42.5M |
| Sequoia Financial Advisors, LLC | 0.23% | Add +3.9% | 849,872 | $40.9M |
| Beaird Harris Wealth Management, LLC | 2.81% | Add +1.4% | 847,860 | $40.8M |
| Rather & Kittrell, Inc. | 6.49% | Add +8.5% | 836,954 | $40.3M |
| Pathstone Holdings, LLC | 0.15% | Reduce -0.8% | 804,928 | $38.8M |
| MBL Wealth, LLC | 2.73% | Add +3.9% | 707,095 | $34.1M |
| Awm Capital, LLC | 3.06% | Add +7.2% | 700,642 | $33.7M |
| HighTower Advisors, LLC | 0.04% | Add +13.2% | 696,646 | $33.6M |
| Apella Capital, LLC | 0.65% | Add +3.8% | 681,896 | $32.8M |
| Commonwealth Equity Services, LLC | 0.04% | Add +0.6% | 612,168 | $29.5M |
| Mattern Wealth Management LLC | 4.92% | Add +0.3% | 531,074 | $25.6M |
| Savant Capital, LLC | 0.14% | Add +399.3% | 523,582 | $25.2M |
| Austin Wealth Management, LLC | 3.72% | Add +15.7% | 521,202 | $25.2M |
| RAM Investment Partners, LLC | 4.44% | Add +22.8% | 509,229 | $24.5M |
| Waterford Advisors, LLC | 9.31% | New | 527,277 | $23.8M |
| LPL Financial LLC | 0.01% | Add +13.1% | 478,820 | $23.1M |
| Aspiriant, LLC | 0.55% | Add +9.0% | 400,076 | $19.3M |
| HFM Investment Advisors, LLC | 6.91% | Reduce -2.2% | 366,733 | $17.7M |
| Graves Light Lenhart Wealth, Inc. | 1.85% | Add +31.9% | 361,930 | $17.4M |
| Bank of America Corp. | 0.00% | Add +5.7% | 360,409 | $17.4M |
| Wealth Enhancement Advisory Services, LLC | 0.02% | Reduce -2.4% | 344,947 | $16.7M |
| Assetmark, Inc. | 0.03% | Add +2.0% | 341,608 | $16.5M |
| Yardley Wealth Management LLC | 7.75% | Add +6.4% | 302,487 | $14.6M |
| Strathmore Capital Advisors, Inc. | 4.56% | Add +25.0% | 289,075 | $13.9M |
| Resonant Capital Advisors, LLC | 0.76% | Add +19.7% | 286,265 | $13.8M |
| Vestment Financial LLC | 7.15% | Add +12.1% | 284,600 | $13.8M |
| Wheelhouse Advisory Group LLC | 4.16% | Add +46.3% | 226,824 | $10.9M |
| Dopkins Wealth Management, LLC | 4.32% | Add +31.0% | 219,344 | $10.6M |
| Confluence Investment Management LLC | 0.15% | Reduce -3.2% | 209,523 | $10.1M |
| Entrewealth, LLC | 4.45% | Add +20.6% | 202,926 | $9.9M |
| Vested Financial Planning, LLC | 7.58% | Add +5.6% | 204,324 | $9.8M |
| 25 LLC | 3.10% | Add +214.7% | 202,601 | $9.8M |
| Brady Martz Wealth Solutions, LLC | 1.69% | Add +15.2% | 199,139 | $9.6M |
| Integrated Wealth Concepts LLC | 0.11% | Add +1.6% | 190,663 | $9.2M |
| West Financial Advisors, LLC | 1.54% | Reduce -2.0% | 189,836 | $9.1M |
| Plancorp, LLC | 0.26% | Add +5.2% | 175,192 | $8.4M |
| Porter White Investment Advisors, Inc. | 3.34% | Add +5.5% | 168,955 | $8.1M |
| Citrine Capital LLC | 3.72% | Add +17.0% | 166,538 | $8.0M |
| Compass Financial Group, Inc. | 3.54% | Reduce -2.1% | 166,430 | $8.0M |
| Outbound Financial Inc | 5.98% | Add +2.5% | 159,378 | $7.7M |
| Optimus Capital Advisors, LLC | 4.24% | — | 150,454 | $7.2M |
| Osaic Holdings, Inc. | 0.01% | Add +8.3% | 150,047 | $7.2M |
| Guardian Wealth Management, LLC | 2.27% | — | 148,396 | $7.1M |
| Maryland Capital Advisors Inc. | 2.40% | Add +8.2% | 147,095 | $7.1M |
| Core Wealth Management, Inc. | 2.07% | Reduce -0.3% | 137,744 | $6.6M |
| Vestia Personal Wealth Advisors | 3.37% | Add +8.9% | 137,023 | $6.6M |
| Allworth Financial LP | 0.03% | Add +60.5% | 130,352 | $6.3M |
| United Wealth Management, LLC | 1.60% | Add +3.4% | 128,778 | $6.2M |
| Collective Family Office LLC | 1.32% | Add +0.4% | 119,354 | $5.7M |
| JPMorgan Chase & Co. | 0.00% | Add +54.7% | 105,036 | $5.1M |
| 55 North Private Wealth, LLC | 1.31% | — | 103,094 | $5.0M |
| Sentinel Wealth Management, Inc. | 4.11% | No change | 102,851 | $5.0M |
| BCO Wealth Management LLC | 3.03% | Add +20.8% | 102,715 | $4.9M |
| Mainsail Asset Management, LLC | 2.08% | New | 100,881 | $4.9M |
| Elequin Capital, LP | 0.74% | Add +99224.0% | 99,324 | $4.8M |
| Forza Wealth Management, LLC | 1.70% | Reduce -1.7% | 97,500 | $4.7M |
| E-Wealth Partners, LLC | 3.93% | — | 97,114 | $4.7M |
| Verus Financial Partners, Inc. | 0.42% | Add +2.9% | 93,506 | $4.5M |
| Johnson Wealth Management, LLC | 2.22% | Add +7.5% | 92,569 | $4.5M |
| Tillman Hartley LLC | 1.08% | Add +20.9% | 89,361 | $4.3M |
| Penney Financial, LLC | 1.64% | Add +178.2% | 88,305 | $4.3M |
| Corient Private Wealth LP | 0.01% | Add +49.7% | 86,545 | $4.2M |
| Envestnet Asset Management Inc. | 0.00% | Reduce -10.5% | 83,992 | $4.0M |
| Washington Trust Advisors, Inc. | 0.30% | Reduce -1.3% | 80,398 | $3.9M |
| DiNuzzo Private Wealth, Inc. | 0.42% | Add +8.1% | 80,070 | $3.9M |
| Wescott Financial Advisory Group, LLC | 0.33% | Add +0.1% | 79,203 | $3.8M |
| American Investment Services, Inc. | 0.88% | Add +23.1% | 78,899 | $3.8M |
| Stifel Financial Corp. | 0.00% | Add +0.1% | 78,265 | $3.8M |
| Aspen Wealth Management LLC | 0.74% | Add +6.6% | 72,980 | $3.5M |
| Modera Wealth Management, LLC | 0.04% | Add +4.0% | 70,743 | $3.4M |
| Aurelius Family Office LLC | 1.44% | Add +0.8% | 69,393 | $3.3M |
| Seven Mile Advisory | 0.56% | No change | 66,526 | $3.2M |
| Truist Financial Corp. | 0.00% | Add +7.8% | 66,497 | $3.2M |
| Vermillion Wealth Management, Inc. | 1.31% | Reduce -13.9% | 66,271 | $3.2M |
| GEM Asset Management, LLC | 1.40% | Reduce -3.6% | 64,816 | $3.1M |
| Summit Wealth Group, LLC | 0.73% | Reduce -0.4% | 64,819 | $3.1M |
| Root Financial Partners, LLC | 0.16% | Add +44.0% | 64,152 | $3.1M |
| Quarry Hill Advisors, LLC | 1.44% | Add +29.1% | 64,110 | $3.1M |
| Tassel Capital Management, Inc. | 1.85% | Add +1.1% | 63,503 | $3.1M |
| Waverly Advisors, LLC | 0.02% | Add +10.1% | 60,081 | $2.9M |
| Baker Avenue Asset Management, LP | 0.07% | Add +6.6% | 59,776 | $2.9M |
| Jackson Thornton Wealth Management, LLC | 0.27% | Add +133.5% | 59,431 | $2.9M |
| Scratch Capital LLC | 1.85% | Add +9.3% | 58,657 | $2.8M |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors | 0.17% | Reduce -12.5% | 58,431 | $2.8M |
| Legacy Financial Group, Inc. | 0.71% | Reduce -11.4% | 55,894 | $2.7M |
| HB Wealth Management, LLC | 0.02% | No change | 55,830 | $2.7M |
| Tandemgrowth Financial Advisors LLC | 2.35% | — | 55,824 | $2.7M |
| Cary Street Partners Financial LLC | 0.07% | Reduce -2.7% | 55,407 | $2.7M |
| FF Advisors,LLC | 1.18% | No change | 55,193 | $2.7M |
| Note Advisors, LLC | 1.30% | Add +34.2% | 52,520 | $2.5M |
| Private Advisor Group, LLC | 0.01% | Add +14.6% | 51,574 | $2.5M |
| Hiley Hunt Wealth Management | 1.06% | Add +6.9% | 49,072 | $2.4M |
| Verisail Partners, LLC | 0.97% | Add +6.0% | 49,031 | $2.4M |
| Financial Engines Advisors L.L.C. | 0.00% | Add +0.5% | 48,400 | $2.3M |
| Evanson Asset Management, LLC | 0.12% | Reduce -1.8% | 47,782 | $2.3M |
| North Ridge Wealth Advisors, Inc. | 1.28% | Add +8.7% | 47,577 | $2.3M |
"% of holder's portfolio" is DFNM's weight in each manager's 13F, not the share of Dimensional National Muni BD the manager owns.