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 |
| Shearwater Capital LLC | 1.24% | Add +5.8% | 44,700 | $2.2M |
| Timonier Family Office, LTD. | 0.68% | Reduce -4.2% | 44,346 | $2.1M |
| BWM Planning, LLC | 0.57% | Add +310.9% | 44,072 | $2.1M |
| Meredith Wealth Planning | 0.62% | Add +124.0% | 43,449 | $2.1M |
| Broadhurst Jeffrey B | 2.16% | — | 43,150 | $2.1M |
| Warburton Capital Management, LLC | 1.17% | Add +89.3% | 43,055 | $2.1M |
| Old Mission Capital LLC | 0.08% | New | 42,663 | $2.1M |
| Park Avenue Securities LLC | 0.02% | Add +1.3% | 42,437 | $2.0M |
| Concord Wealth Partners | 0.26% | Add +31.6% | 41,641 | $2.0M |
| Sax Wealth Advisors, LLC | 0.09% | Add +12.3% | 41,199 | $2.0M |
| MB Generational Wealth, LLC | 1.04% | Add +231.4% | 40,666 | $2.0M |
| Vise Technologies, Inc. | 0.04% | Add +345.4% | 40,051 | $1.9M |
| Raymond James Financial Inc. | 0.00% | Add +49.6% | 39,999 | $1.9M |
| SwitchPoint Financial Planning, LLC | 1.33% | Add +6.9% | 39,303 | $1.9M |
| SB Capital Management Inc | 0.69% | — | 39,281 | $1.9M |
| Mather Group, Llc. | 0.02% | Add +3.4% | 39,039 | $1.9M |
| Pure Financial Advisors, LLC | 0.03% | Add +0.9% | 38,996 | $1.9M |
| Hartmann Taylor Wealth Management, LLC | 1.21% | No change | 37,250 | $1.8M |
| Family Capital Management, Inc. | 0.80% | Add +9.6% | 37,185 | $1.8M |
| Elevate Wealth Advisory, Inc. | 1.21% | Reduce -0.2% | 36,624 | $1.8M |
| Great Oak Capital Partners, LLC | 0.44% | Add +1.3% | 36,264 | $1.7M |
| Mercer Global Advisors Inc. | 0.00% | Add +40.2% | 36,194 | $1.7M |
| Wheels Up Wealth, Inc. | 1.58% | — | 35,246 | $1.7M |
| Goldman Sachs Group Inc. | 0.00% | Reduce -56.1% | 34,605 | $1.7M |
| Mills Wealth Advisors LLC | 0.65% | Reduce -1.3% | 34,419 | $1.7M |
| Great Valley Advisor Group, Inc. | 0.03% | Add +0.4% | 33,838 | $1.6M |
| Heritage Wealth Management, Inc. | 1.02% | Add +10.5% | 32,625 | $1.6M |
| Sei Investments Co. | 0.00% | Add +11.5% | 32,530 | $1.6M |
| Websterrogers Financial Advisors, LLC | 0.44% | Reduce -3.5% | 31,698 | $1.5M |
| Northwest Wealth Management, LLC | 0.24% | Add +25.9% | 31,662 | $1.5M |
| Thrivent Financial for Lutherans | 0.00% | New | 31,626 | $1.5M |
| Landmark Wealth Management, LLC | 0.58% | Reduce -24.7% | 31,604 | $1.5M |
| Flow Traders U.S. LLC | 0.05% | New | 30,749 | $1.5M |
| XY Planning Network, Inc. | 0.26% | Add +73.3% | 30,636 | $1.5M |
| NewEdge Advisors, LLC | 0.01% | Add +7.8% | 30,006 | $1.4M |
| Kestra Advisory Services, LLC | 0.01% | New | 29,235 | $1.4M |
| Platform Wealth Management, LLC | 0.37% | — | 28,589 | $1.4M |
| One Capital Management, LLC | 0.04% | Add +6.0% | 28,320 | $1.4M |
| Demming Financial Services Corp. | 1.02% | — | 28,115 | $1.4M |
| Signature Resources Capital Management, LLC | 0.68% | Add +5.7% | 27,974 | $1.3M |
| Sterling Wealth Management, Inc. | 0.38% | Add +78.7% | 27,941 | $1.3M |
| Kane Co Wealth Management, Inc. | 1.18% | — | 27,790 | $1.3M |
| One Degree Advisors Inc | 0.36% | Add +10.2% | 27,293 | $1.3M |
| Wealthcare Advisory Partners LLC | 0.03% | Add +12.0% | 26,929 | $1.3M |
| Farther Finance Advisors, LLC | 0.01% | Add +49.0% | 26,863 | $1.3M |
| Jones Financial Companies LLLP | 0.00% | Add +167.4% | 26,684 | $1.3M |
| Betterment LLC | 0.00% | Reduce -5.8% | 26,585 | $1.3M |
| OneDigital Investment Advisors LLC | 0.01% | Add +0.9% | 26,492 | $1.3M |
| WPWealth LLP | 0.20% | Add +7.8% | 26,211 | $1.3M |
| New Dimensions Wealth Management, LLC | 1.04% | Add +14.5% | 25,147 | $1.2M |
| Heffernan Advisory, Inc. | 1.15% | — | 24,897 | $1.2M |
| CogentBlue Wealth Advisors, LLC | 0.79% | Reduce -7.6% | 23,925 | $1.2M |
| IFP Advisors, Inc | 0.03% | Add +0.1% | 23,243 | $1.1M |
| Blume Capital Management, Inc. | 0.20% | No change | 22,685 | $1.1M |
| Capstone Wealth Management, LLC | 0.78% | Add +71.0% | 22,267 | $1.1M |
| Investmark Advisory Group LLC | 0.46% | Add +0.8% | 22,254 | $1.1M |
| Phillips Financial Management, LLC | 0.06% | Reduce -3.9% | 20,568 | $991K |
| Keb Asset Management, LLC | 0.18% | Add +69.2% | 18,937 | $912K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Add +8.0% | 18,760 | $904K |
| Sterling Wealth Advisors Inc | 0.54% | Add +0.0% | 18,462 | $889K |
| Claris Advisors, LLC / Mo / | 0.27% | Add +79.2% | 18,431 | $888K |
| Cogent Private Wealth, Inc. | 0.68% | — | 18,408 | $887K |
| Pacific Asset Management, LLC | 0.53% | Add +65.4% | 18,376 | $885K |
| Triune Financial Partners, LLC | 0.20% | Add +91.3% | 18,061 | $876K |
| Safeguard Investment Advisory Group, LLC | 0.22% | Add +4.8% | 17,929 | $864K |
| ArborFi Advisors, LLC | 0.70% | Add +8.1% | 17,843 | $859K |
| Roberts Glore & Co. Inc. | 0.23% | Reduce -13.9% | 17,735 | $854K |
| Financial Plan, Inc. | 0.10% | — | 17,491 | $843K |
| Smartleaf Asset Management LLC | 0.03% | Add +344.3% | 16,901 | $814K |
| JP Wealth Management, Inc. | 0.57% | No change | 16,870 | $813K |
| Jane Street Group, LLC | 0.00% | Add +35.5% | 16,432 | $792K |
| Aegis Wealth Management LLC | 0.44% | Add +8.0% | 16,200 | $780K |
| Kings Path Partners LLC | 0.27% | Add +23.8% | 15,961 | $769K |
| Crews Bank & Trust | 0.11% | Reduce -9.4% | 15,717 | $757K |
| Physician Wealth Solutions Inc. | 0.31% | Reduce -4.4% | 15,360 | $740K |
| Physician Wealth Advisors, Inc. | 0.10% | Add +4.0% | 15,235 | $734K |
| Generations Wealth, LLC | 0.75% | — | 15,229 | $734K |
| Friday Financial | 0.26% | Add +3.3% | 15,182 | $731K |
| Comerica Bank | 0.00% | Add +1.1% | 14,935 | $719K |
| Disciplined Investments, LLC | 0.26% | Reduce -3.4% | 14,225 | $685K |
| Integrity Wealth Solutions LLC | 0.27% | Reduce -22.1% | 14,039 | $676K |
| Beacon Pointe Advisors, LLC | 0.00% | Add +2.8% | 13,976 | $673K |
| Integrated Wealthcare, LLC | 0.52% | — | 12,750 | $614K |
| Grunden Financial Advisory, Inc. | 0.24% | Add +0.9% | 12,580 | $606K |
| MML Investors Services, LLC | 0.00% | Reduce -13.8% | 12,463 | $600K |
| JDH Wealth Management, LLC | 0.41% | Add +37.7% | 12,419 | $598K |
| White Wing Wealth Management | 0.35% | Reduce -45.8% | 12,202 | $588K |
| BDFS Capital LLC | 0.29% | — | 12,062 | $581K |
| Zhang Financial LLC | 0.02% | New | 12,000 | $578K |
| Forteris Wealth Management Inc. | 0.56% | — | 11,915 | $574K |
| Foundations Investment Advisors, LLC | 0.01% | Add +45.5% | 11,786 | $568K |
| Royal Bank of Canada | 0.00% | Reduce -41.8% | 11,591 | $559K |
| Cogent Strategic Wealth LLC | 0.60% | — | 11,403 | $552K |
| SpringVest Wealth Management LLC | 0.38% | No change | 11,374 | $548K |
| Iowa State Bank | 0.10% | No change | 11,271 | $543K |
| Foundry Financial LLC | 0.29% | — | 11,264 | $543K |
| Mosaic Family Wealth Partners, LLC | 0.06% | Add +8.2% | 10,963 | $528K |
| Western Wealth Management, LLC | 0.02% | Add +17.0% | 10,900 | $525K |
| CVA Family Office, LLC | 0.06% | No change | 10,785 | $520K |
| Jacobi Capital Management LLC | 0.03% | Add +0.9% | 10,732 | $517K |
| Exencial Wealth Advisors, LLC | 0.02% | No change | 10,685 | $515K |
| Burton Enright Welch | 0.07% | Add +0.4% | 10,670 | $514K |
| LJI Wealth Management, LLC | 0.08% | New | 10,600 | $511K |
| Merited Wealth, LLC | 0.47% | — | 10,478 | $505K |
| Anson Capital, Inc. | 0.37% | Add +31.8% | 10,459 | $504K |
| Life Planning Partners, Inc | 0.37% | Reduce -0.5% | 10,070 | $485K |
| Glass Jacobson Investment Advisors llc | 0.17% | Add +0.9% | 10,057 | $484K |
| Meridian Wealth Management, LLC | 0.02% | Reduce -4.6% | 10,035 | $483K |
| Eldridge Investment Advisors, Inc. | 0.11% | Reduce -0.3% | 10,027 | $483K |
| Five Oceans Advisors | 0.16% | No change | 9,620 | $463K |
| RCS Financial Planning, LLC | 0.20% | Add +3.5% | 9,543 | $460K |
| Rehmann Capital Advisory Group | 0.02% | Reduce -36.0% | 9,384 | $452K |
| DecisionPoint Financial, LLC | 0.10% | No change | 9,344 | $450K |
| Beta Wealth Group, Inc. | 0.18% | Add +1.9% | 9,242 | $445K |
| EverSource Wealth Advisors, LLC | 0.02% | No change | 9,215 | $444K |
| Burk Holdings LLC | 0.21% | Add +8.3% | 9,086 | $438K |
| Citadel Advisors | 0.00% | New | 9,024 | $435K |
| Beckerman Institutional, LLC | 0.24% | Reduce -0.2% | 8,866 | $427K |
| Morgan Stanley | 0.00% | Reduce -0.0% | 8,788 | $423K |
| Legacy Capital Wealth Partners, LLC | 0.09% | Add +0.2% | 8,586 | $414K |
| Focus Partners Advisor Solutions, LLC | 0.01% | Reduce -99.0% | 8,411 | $405K |
| Kaufman Rossin Wealth, LLC | 0.20% | New | 7,947 | $383K |
| Aptus Capital Advisors, LLC | 0.00% | Reduce -0.7% | 7,873 | $379K |
| Oceanside Advisors LLC | 0.23% | Add +10.4% | 7,832 | $377K |
| Ponta Wealth Partners, LLC | 0.35% | — | 7,827 | $377K |
| Entelevest, LLC | 0.37% | — | 7,397 | $356K |
| Aerodigm Wealth, LLC | 0.14% | New | 7,387 | $356K |
| Inspire Advisors, LLC | 0.03% | New | 7,201 | $347K |
| Vantage Point Financial LLC | 0.12% | Add +3.1% | 7,135 | $344K |
| IFG Advisory, LLC | 0.01% | Reduce -5.3% | 6,984 | $336K |
| Strategic Investment Solutions, Inc. | 0.08% | Reduce -2.6% | 6,980 | $336K |
| Midwest Trust Co | 0.00% | Reduce -0.9% | 6,882 | $332K |
| TFB Advisors LLC | 0.09% | Reduce -0.5% | 6,714 | $323K |
| Acorn Wealth Advisors, LLC | 0.09% | New | 6,304 | $304K |
| US Bancorp \de | 0.00% | Reduce -83.5% | 6,266 | $302K |
| Creative Capital Management Investments LLC | 0.09% | Add +9.1% | 6,251 | $301K |
| Pinnacle Financial Group, LLC / IL | 0.09% | No change | 6,230 | $300K |
| Colonial Trust Co / SC | 0.04% | Add +5.5% | 6,152 | $296K |
| Red Lighthouse Investment Management, LLC | 0.11% | No change | 6,141 | $296K |
| Creative Planning | 0.00% | Reduce -43.7% | 5,920 | $285K |
| Seaside Wealth Management, Inc. | 0.08% | Add +0.9% | 5,914 | $285K |
| Investment Advisory Group, LLC | 0.07% | New | 5,875 | $283K |
| Envision Financial Planning, LLC | 0.11% | Add +1.3% | 5,826 | $281K |
| Level Financial Advisors | 0.07% | No change | 5,775 | $278K |
| McIlrath & Eck, LLC | 0.03% | Add +44.9% | 5,754 | $277K |
| Verus Capital Partners, LLC | 0.02% | Add +3.2% | 5,723 | $276K |
| Csenge Advisory Group | 0.01% | Reduce -1.6% | 5,606 | $270K |
| KFG Wealth Management, LLC | 0.04% | Reduce -3.2% | 5,426 | $261K |
| Squire Investment Management Company, LLC | 0.08% | New | 5,344 | $257K |
| Factor Wealth Management LTD | 0.06% | No change | 5,320 | $256K |
| Hanover Advisors Inc. | 0.10% | No change | 5,267 | $254K |
| Navigoe, LLC | 0.12% | No change | 4,082 | $196K |
| Ameritas Investment Partners, Inc. | 0.00% | Reduce -47.0% | 3,307 | $159K |
| Operose Advisors LLC | 0.04% | New | 3,209 | $155K |
| Cary Street Partners Investment Advisory LLC | 0.04% | Add +2.8% | 2,852 | $137K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -2.2% | 2,419 | $117K |
| Blueline Advisors LLC | 0.09% | — | 2,362 | $114K |
| Medallion Wealth Advisors, LLC | 0.04% | Reduce -5.7% | 2,283 | $110K |
| Nemes Rush Group LLC | 0.01% | Add +1.0% | 1,647 | $79K |
| Global Retirement Partners, LLC | 0.00% | Add +12.9% | 1,215 | $59K |
| Cwm, LLC | 0.00% | Reduce -41.0% | 1,210 | $58K |
| City State Bank | 0.01% | No change | 1,038 | $50K |
| SJS Investment Consulting Inc. | 0.00% | No change | 690 | $33K |
| Parallel Advisors, LLC | 0.00% | Add +1.1% | 475 | $23K |
| RHL Group, LLC | 0.02% | — | 474 | $23K |
| MPWM Advisory Solutions, LLC | 0.01% | No change | 412 | $20K |
| AdvisorNet Financial, Inc | 0.00% | Add +1.0% | 316 | $15K |
| Tradewinds Capital Management, LLC | 0.00% | New | 313 | $15K |
| AE Wealth Management LLC | 0.00% | No change | 138 | $7K |
| Blair William & Co. | 0.00% | Add +45.6% | 131 | $6K |
| Larson Financial Group LLC | 0.00% | New | 125 | $6K |
| Rossby Financial, LCC | 0.00% | No change | 70 | $3K |
| Capital Investment Advisory Services, LLC | 0.00% | No change | 46 | $2K |
| UBS Group AG | 0.00% | New | 21 | $1K |
| HHM Wealth Advisors, LLC | 0.00% | No change | 12 | $579 |
"% of holder's portfolio" is DFNM's weight in each manager's 13F, not the share of Dimensional National Muni BD the manager owns.