Dimensional U.S. Core Equity 2

DFAC • ARCA

Dimensional U.S. Core Equity 2 is an exchange-traded fund on ARCA. As of Q3 2025, 1,024 institutional investors hold shares in this ETF, with total holdings valued at $29.3B. MERCER GLOBAL ADVISORS INC /ADV is the largest holder with a position valued at $2.4B.

Overview

Overview of institutional ownership in DFAC as of Q3 2025

All Institutions

Institutions: 1,024
Value Held: $29.3B
Shares Held: 759.3M
Avg Position: $28.6M
Median Position: $2.0M

Hedge Funds

Hedge Funds: 10
Value Held: $270.4M
Shares Held: 7.0M
Avg Position: $27.0M
Median Position: $10.0M

Biggest Investors

Institutions with the largest positions in DFAC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	Charles David Welling CEO	$2.4B 3.95% of portfolio	61.2M shares	Q2 2021 Held for 4y 5m	$59.9B
C Colony Group, LLC Institution	-	$1.6B 2.68% of portfolio	42.5M shares	Q4 2023 Held for 1y 11m	$61.1B
Forum Financial Management, LP RIA/Wealth	Jonathan Marichal Rogers CIO	$1.5B 21.13% of portfolio	40.0M shares	Q4 2021 Held for 3y 11m	$7.3B
L LPL Financial LLC Institution	-	$675.0M 0.20% of portfolio	17.5M shares	Q2 2021 Held for 4y 5m	$340.07B
A Apella Capital, LLC Institution	-	$515.0M 11.50% of portfolio	13.5M shares	Q2 2023 Held for 2y 5m	$4.5B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$495.3M 0.14% of portfolio	12.8M shares	Q2 2021 Held for 4y 5m	$341.99B
Buckingham Strategic Partners RIA/Wealth	Adam Lawrence Birenbaum CEO	$430.8M 4.89% of portfolio	11.2M shares	Q4 2021 Held for 3y 11m	$8.8B
Rockwood Wealth Management, LLC RIA/Wealth	James A Smith CIO	$425.1M 34.01% of portfolio	11.0M shares	Q4 2021 Held for 3y 11m	$1.2B
Plancorp, LLC RIA/Wealth	J. Christopher Kerckhoff CEO	$409.0M 12.99% of portfolio	10.6M shares	Q2 2021 Held for 4y 5m	$3.1B
SJS Investment Consulting Inc. RIA/Wealth	Scott John Savage CEO	$346.7M 47.70% of portfolio	9.0M shares	Q3 2022 Held for 3y 2m	$726.8M

Net Capital Flow

Institutional buying and selling activity for DFAC in Q3 2025

Net Flow: −$1.1B
Buyers: 403
Sellers: 357
Total Bought: +$1.2B
Total Sold: −$2.4B
Avg Position: $29.2M

Biggest Buyers

Institution	Net Bought	Current Position
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	+$180.1M +4.7M shares	$2.4B 61.2M shares
Beacon Pointe Advisors, LLC RIA/Wealth	+$174.4M +4.5M shares	$216.8M 5.6M shares
Mach-1 Financial Group, Inc. RIA/Wealth	+$95.6M +2.5M shares	$95.6M 2.5M shares
C Colony Group, LLC Institution	+$59.9M +1.6M shares	$1.6B 42.5M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$55.2M +1.4M shares	$56.5M 1.5M shares
Forum Financial Management, LP RIA/Wealth	+$44.0M +1.1M shares	$1.5B 40.0M shares
Savant Capital, LLC RIA/Wealth	+$37.8M +979.6K shares	$322.6M 8.4M shares
A Apella Capital, LLC Institution	+$28.1M +738.9K shares	$515.0M 13.5M shares
AWM CAPITAL, LLC RIA/Wealth	+$24.1M +624.6K shares	$181.5M 4.7M shares
Savvy Advisors, Inc. RIA/Wealth	+$21.5M +557.3K shares	$23.7M 615.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$1.6B −42.0M shares	$495.3M 12.8M shares
Buckingham Strategic Partners RIA/Wealth	−$169.6M −4.4M shares	$430.8M 11.2M shares
Vestmark Advisory Solutions, Inc. Fund of Funds	−$161.6M −4.2M shares	$178.2M 4.6M shares
C CI Private Wealth, LLC RIA/Wealth	−$109.9M −2.9M shares	$75.1M 1.9M shares
MML INVESTORS SERVICES, LLC RIA/Wealth	−$18.4M −477.8K shares	$36.9M 956.8K shares
Simplicity Wealth,LLC RIA/Wealth	−$14.4M −374.6K shares	$18.4M 476.8K shares
Goss Wealth Management LLC RIA/Wealth	−$11.0M −285.9K shares	$120.1M 3.1M shares
SRS Capital Advisors, Inc. RIA/Wealth	−$10.8M −301.5K shares	Sold Off 0 shares
Warburton Capital Management, LLC RIA/Wealth	−$10.6M −274.0K shares	$78.5M 2.0M shares
S Syverson Strege & Co RIA/Wealth	−$9.2M −238.8K shares	$125.6M 3.3M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited DFAC in Q3 2025

New Positions: 44
New Value: $138.6M
Exited Positions: 20
Exited Value: $23.2M

New Positions

Institution	Position Value
Integrity Advisory Solutions, LLC RIA/Wealth	$95.6M 2.5M shares
M My Personal CFO, LLC RIA/Wealth	$12.6M 326.0K shares
P PFG Private Wealth Management, LLC RIA/Wealth	$5.8M 150.9K shares
Catalytic Wealth RIA, LLC RIA/Wealth	$5.4M 140.5K shares
Tandem Financial, LLC RIA/Wealth	$2.5M 63.8K shares
NFP Retirement, Inc. RIA/Wealth	$1.8M 45.8K shares
TrueNorth, Inc. RIA/Wealth	$1.7M 43.1K shares
Sterling Wealth Advisors Inc RIA/Wealth	$1.4M 37.6K shares
a16z Perennial Management, L.P. Fund of Funds	$1.0M 26.6K shares
We Are One Seven, LLC RIA/Wealth	$991.5K 25.7K shares

Exited Positions

Institution	Previous Position
SRS Capital Advisors, Inc. RIA/Wealth	$10.8M 301.5K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$3.5M 96.7K shares
C Concord Asset Management, LLC/VA RIA/Wealth	$3.0M 84.1K shares
T TOWNSQUARE CAPITAL LLC RIA/Wealth	$1.5M 42.1K shares
E EWG Elevate Inc. Institution	$1.4M 39.5K shares
E Elser Financial Planning, Inc RIA/Wealth	$743.8K 20.6K shares
NATURAL INVESTMENTS, LLC RIA/Wealth	$307.1K 8.6K shares
Inspire Advisors, LLC RIA/Wealth	$301.2K 8.4K shares
STRATEGY ASSET MANAGERS LLC RIA/Wealth	$255.3K 7.1K shares
S SMITH CHAS P & ASSOCIATES PA CPAS Institution	$249.4K 7.0K shares

Options Activity

Institutions with the largest Call and Put options positions in DFAC as of Q3 2025

Call Positions: 1
Call Value: $401.1K
Put Positions: 1
Put Value: $775.3K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$401.1K 104.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$775.3K 201.0 contracts

Most Committed Institutions

Institutions with DFAC as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Onyx Financial Advisors, LLC RIA/Wealth	Lyndsay Goody CCO	61.25% $138.4M	3.6M shares	Q4 2022 Held for 2y 11m	$226.0M
Greenspring Advisors, LLC RIA/Wealth	John Patrick Collins CEO	51.90% $293.3M	7.6M shares	Q3 2025 Held for 2 months	$565.2M
SJS Investment Consulting Inc. RIA/Wealth	Scott John Savage CEO	47.70% $346.7M	9.0M shares	Q3 2022 Held for 3y 2m	$726.8M
Warburton Capital Management, LLC RIA/Wealth	Thomas Kent Warburton Founder	47.41% $78.5M	2.0M shares	Q4 2024 Held for 11 months	$165.6M
CAPSTONE CAPITAL WEALTH ADVISORS RIA/Wealth	Adam Moroni Dawson CEO	44.40% $66.4M	1.7M shares	Q4 2023 Held for 1y 11m	$149.6M
BCU Wealth Advisors, LLC RIA/Wealth	David Blum Chairman	44.24% $108.7M	2.8M shares	Q4 2023 Held for 1y 11m	$245.8M
Monument Group Wealth Advisors, LLC RIA/Wealth	Byron Ewart Woodman CEO	44.18% $74.9M	1.9M shares	Q4 2023 Held for 1y 11m	$169.6M
Geometric Wealth Advisors RIA/Wealth	Julia Cumming Higgins COO	43.74% $328.0M	8.5M shares	Q4 2021 Held for 3y 11m	$750.0M
C Chico Wealth RIA Institution	-	43.36% $63.8M	1.7M shares	Q1 2022 Held for 3y 8m	$147.1M
A ANDREWS, LUCIA WEALTH MANAGEMENT LLC RIA/Wealth	Robert Joseph Lucia Managing Partner	43.11% $71.6M	1.9M shares	Q4 2021 Held for 3y 11m	$166.0M

Hedge Fund Spotlight

Discover hedge funds investing in DFAC

Cardinal Point Capital Management, ULC

Hedge Fund • Value

Portfolio ManagerMichelle Lynn Yarwood

Portfolio Value: $1.4B
Positions: 267
Last Reported: Q3 2025

Sector Allocation

Position in Dimensional U.S. Core Equity 2

Market Value: $35.7M
Shares Held: 934.1K
Portfolio Weight: 2.48%
Owned Since: 2022-Q4

Top Holding	Sector	Market Value	Weight
1 Vanguard Total Stock Market VTI	ETF ETF	$186.2M	12.94%
2 WisdomTree Floating Rate Treasury Fund USFR	ETF ETF	$71.8M	4.99%
3 Apple AAPL	Consumer Electronics Technology	$70.6M	4.91%