§ EQUITY
USDDFNM
DIMENSIONAL NATIONAL MUNI BD
USD
§ 01 · PRICE
Price action
1D5D1M6MYTD1YMAX
§ 03 · SIGNAL STACK · WHAT THE INPUTS SAY
13F FLOW
200 increased/new, 66 decreased/exited (13F)
AC 13F Analysis
§ 05 · WHO OWNS IT
Top institutional holders
| Fund | Shares | % port | Δ Q/Q |
|---|---|---|---|
| Focus Partners Wealth | 4.2M | 0.2% | +15% |
| Truepoint, Inc. | 3.1M | 3.3% | +4% |
| Foster Group, Inc. | 1.5M | 2.1% | −0% |
| Apella Capital, LLC | 1.3M | 0.9% | +94% |
| Symmetry Partners, LLC | 1.3M | 3.6% | −1% |
| Focus Partners Advisor Solutions, LLC | 1.2M | 0.6% | +14207% |
◇ AC INTELLIGENCE
Top institutional owners for DFNM as of the most recent 13F reporting period (Q1 2026 · Period ended Mar 31). Δ Q/Q reflects share-count change vs. the prior filing — positive green means adding, negative red means trimming. Cross-reference with the ownership-mix bars below to see which strategy cohort is driving the flow.
§ 06 · WHO OWNS IT · BY STRATEGY
OTHER97.9% · 256 holders
DEALER / BANK2.0% · 15 holders
TACTICAL / MACRO0.0% · 1 holder
INCOME / DEFENSIVE0.0% · 1 holder
SYSTEMATIC / QUANT0.0% · 1 holder
◇ AC INTELLIGENCE
Ownership mix by behavioral cohort. Top bars indicate which style of capital dominates the float — passive indexing, quality compounders, dealer/bank, systematic quant, etc. Big quality-compounder share means concentrated active conviction; heavy passive share means flows are dictated by index rebalances, not fundamentals.
§ 07 · INSIDER ACTIVITY · LAST 180 DAYS
NO INSIDER FILINGS
◇ AC INTELLIGENCE
No Form 4 filings on record for DFNM in the last 180 days.
§ 08 · COVERAGE · OUR RECENT NOTES
No notes mention DFNM yet.