DFCA · Dimensional California Municipal Bond ETF · Holdings ETF

$48.32 +0.08 (+0.16%) At close · Oct 21

Volume · Oct 21 208.75K Avg daily vol (3M) 290.2K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 33

Total Value: $87,906,753

Total Shares: 1,844,069

Institutional Ownership Trend

14 quarters

Holder Concentration

Across 33 13F filers · Δ vs Jun 30, 2026

Top Holder

58.9%

−12.0 pts

Top 5

81.9%

−5.2 pts

Top 10

91.6%

+0.3 pts

HHI

3,636

Highly concentrated−1,510

Who Holds DFCA

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 83 filers, like-for-like change +3.7%; actively managed books +3.8%; index-like books -100.0%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	85.0%	56	+1.3%	10	2
Bank	0.1%	1	+23.0%	0	0
Broker-dealer	0.2%	1	+4.1%	0	0
Holding company	0.2%	1	+0.4%	0	1
Unknown	14.5%	24	+20.6%	3	0

Style	Share	Filers	Change	New	Exited
Systematic-like	0.0%	1	-98.2%	0	1
Concentrated	15.9%	42	+20.3%	7	0
Diversified active	84.1%	40	+1.4%	6	1
Index-like	0.0%	0	-100.0%	0	1
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	97.8%	67	+3.5%	6	2
Medium turnover	0.7%	3	+7.0%	0	0
High turnover	0.3%	4	-53.8%	2	1
Unknown	1.2%	9	+97.6%	5	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	1.4%	10	+134.1%	6	0
Medium horizon	15.5%	19	+20.4%	2	0
Long horizon	83.1%	54	+0.2%	5	3
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	17.1%	43	+22.0%	8	0
$1B to $10B	4.9%	19	+10.5%	2	1
$10B to $100B	77.4%	16	+0.8%	3	0
$100B or more	0.6%	5	-47.4%	0	2
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	84.7%	53	+1.3%	9	1
Pooled investment vehicles	0.2%	1	+24.9%	1	1
Registered funds and BDCs	0.0%	1	-50.0%	0	0
Pension and profit sharing plans	0.0%	1	0.0%	0	0
Other investment advisers	0.0%	0	—	0	0
Unknown	15.0%	27	+19.9%	3	1

Private funds	Share	Filers	Change	New	Exited
Hedge funds	0.2%	1	+24.9%	1	1
Private equity funds	0.2%	1	-49.1%	0	0
Real estate funds	0.0%	1	+0.6%	0	0
Other private funds	4.2%	4	-56.7%	2	0
No private funds	80.4%	49	+9.1%	7	1
Venture capital funds	0.0%	0	—	0	0
Unknown	15.0%	27	+19.9%	3	1

Location	Share	Filers	Change	New	Exited
United States	100.0%	83	+3.7%	13	3
Outside the US	0.0%	0	—	0	0

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 1 holder with no observed 2026-06-30 13F.

Conviction and Crowding

83 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

66.3% of filers hold it in their top 10

Mar 31, 2026: 49

Holders above 5%

median weight 0.060%

Mar 31, 2026: 1

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

91.2%

of 13F shares, Herfindahl 0.515

Active holders

+3.8%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 10.5 quarters

Under 1 year 4.21% 1 to 3 years 24.7% 3 years or more 71.1% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$49.96

estimated per share

Mar 31, 2026: $49.97

Quarter-end price

$50.18

implied by 13F values

Estimated gain or loss

+0.4%

price against the estimated cost

Estimated at a loss

8.68%

of costed 13F value

Estimated cost covers 88.9% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -50

Institutional value: -83.8%

Shares held: -83.0%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Small Citrine Capital LLC	+85,205	1,086,775
Mid Root Financial Partners, LLC	+43,902	107,819
Small Three Arch Wealth Management LLC	+18,293	65,895
Mid Apella Capital, LLC	+15,087	25,666
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	+8,759	38,480

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Small marrick wealth, LLC	−21,156	4,260
Small RAM Investment Partners, LLC	−6,590	10,450
Small Nautilus Advisors LLC	−3,788	20,399
Small Roberts Wealth Advisors, LLC	−1,785	4,624
Small Foundry Financial LLC	−1,312	28,162

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Small BetterWealth, LLC	11,412	$544,010
Mid INDEPENDENT FINANCIAL GROUP, LLC	7,019	$334,595
Small Whitaker-Myers Wealth Managers, LTD.	5,217	$248,694
Small HILL ISLAND FINANCIAL LLC	5,200	$247,884
Mid Dynamic Advisor Solutions LLC	4,340	$206,887

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)	Open
Small FIRST NATIONAL BANK SIOUX FALLS	4,146	$208,046

Filter: New 5 Increased 14 Reduced 7 Sold out 1 Unchanged 7

Holder type: Registered adviser 21 Unknown 12

Showing 33 of 33

All Common Calls Puts

Compact Export CSV

Holder	Value (USD)	% of 13F	Shares	Own %	Change	Type	Filed
Small Citrine Capital LLC DFCA	$51,806,564	58.93%	1,086,775	—	+85,205 +8.5%	Shares	2026-10-14
Small Elmwood Wealth Management, Inc. Registered adviser DFCA	$6,205,108	7.06%	130,168	—	+5,800 +4.7%	Shares	2026-10-14
Small Signature Resources Capital Management, LLC DFCA	$5,371,217	6.11%	112,675	—	+3,102 +2.8%	Shares	2026-10-16
Mid Root Financial Partners, LLC Registered adviser DFCA	$5,139,731	5.85%	107,819	—	+43,902 +68.7%	Shares	2026-10-21
Small TriaGen Wealth Management LLC Registered adviser DFCA	$3,443,728	3.92%	72,241	—	+1,081 +1.5%	Shares	2026-10-14
Small Three Arch Wealth Management LLC DFCA	$3,141,214	3.57%	65,895	—	+18,293 +38.4%	Shares	2026-10-20
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC DFCA	$1,834,341	2.09%	38,480	—	+8,759 +29.5%	Shares	2026-10-13
Small Foundry Financial LLC Registered adviser DFCA	$1,342,482	1.53%	28,162	—	-1,312 -4.5%	Shares	2026-10-16
Mid Apella Capital, LLC DFCA	$1,223,498	1.39%	25,666	—	+15,087 +142.6%	Shares	2026-10-08
Small Nautilus Advisors LLC Registered adviser DFCA	$972,420	1.11%	20,399	—	-3,788 -15.7%	Shares	2026-10-07
Large Concurrent Investment Advisors, LLC Registered adviser DFCA	$560,217	0.64%	11,752	—	-514 -4.2%	Shares	2026-10-16
Small BetterWealth, LLC Registered adviser DFCA	$544,010	0.62%	11,412	—	New	Shares	2026-10-15
Small Parkshore Wealth Management, Inc. Registered adviser DFCA	$529,423	0.60%	11,106	—	+80 +0.7%	Shares	2026-10-13
Mid RVW Wealth, LLC DFCA	$510,593	0.58%	10,711	—	0 0.0%	Shares	2026-10-06
Small RAM Investment Partners, LLC Registered adviser DFCA	$498,151	0.57%	10,450	—	-6,590 -38.7%	Shares	2026-10-21
Small FIDUCIARY FINANCIAL GROUP, LLC DFCA	$495,624	0.56%	10,397	—	0 0.0%	Shares	2026-10-13
Small WESPAC Advisors SoCal, LLC DFCA	$357,286	0.41%	7,495	—	0 0.0%	Shares	2026-10-13
Small Kaizen Financial Strategies DFCA	$342,365	0.39%	7,182	—	+2,028 +39.3%	Shares	2026-10-09
Mid INDEPENDENT FINANCIAL GROUP, LLC Registered adviser DFCA	$334,595	0.38%	7,019	—	New	Shares	2026-10-13
Small Shore Point Advisors, LLC Registered adviser DFCA	$315,718	0.36%	6,623	—	+48 +0.7%	Shares	2026-10-14
Small Fermata Advisors, LLC DFCA	$302,513	0.34%	6,346	—	+45 +0.7%	Shares	2026-10-13
Large Farther Finance Advisors, LLC Registered adviser DFCA	$297,317	0.34%	6,237	—	0 0.0%	Shares	2026-10-08
Small Gradient Capital Advisors, LLC Registered adviser DFCA	$269,621	0.31%	5,656	—	-598 -9.6%	Shares	2026-10-21
Small Whitaker-Myers Wealth Managers, LTD. Registered adviser DFCA	$248,694	0.28%	5,217	—	New	Shares	2026-10-09
Small HILL ISLAND FINANCIAL LLC Registered adviser DFCA	$247,884	0.28%	5,200	—	New	Shares	2026-10-20
Small Two West Capital Advisors LLC Registered adviser DFCA	$236,681	0.27%	4,965	—	0 0.0%	Shares	2026-10-15
Small Shearwater Capital LLC Registered adviser DFCA	$225,622	0.26%	4,733	—	+24 +0.5%	Shares	2026-10-13
Mid Retirement Planning Group, LLC Registered adviser DFCA	$223,190	0.25%	4,682	—	+34 +0.7%	Shares	2026-10-19
Small Roberts Wealth Advisors, LLC Registered adviser DFCA	$220,426	0.25%	4,624	—	-1,785 -27.9%	Shares	2026-10-14
Mid Dynamic Advisor Solutions LLC DFCA	$206,887	0.24%	4,340	—	New	Shares	2026-10-13
Small marrick wealth, LLC DFCA	$203,074	0.23%	4,260	—	-21,156 -83.2%	Shares	2026-10-20
Small 3 FACTOR INDEXING, LLC Registered adviser DFCA	$161,124	0.18%	3,380	—	0 0.0%	Shares	2026-10-15
Mid IFP Advisors, Inc Registered adviser DFCA	$95,435	0.11%	2,002	—	0 0.0%	Shares	2026-10-16
Small FIRST NATIONAL BANK SIOUX FALLS DFCA	$208,046	0.24%	4,146	—	Sold Out	Shares	2026-07-24
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