Dimensional California Municipal Bond
DFCA • ARCA
Dimensional California Municipal Bond is an exchange-traded fund on ARCA. As of Q3 2025, 56 institutional investors hold shares in this ETF, with total holdings valued at $403.0M. MERCER GLOBAL ADVISORS INC /ADV is the largest holder with a position valued at $260.5M.
Overview
Overview of institutional ownership in DFCA as of Q3 2025
All Institutions
- Institutions
- 56
- Value Held
- $403.0M
- Shares Held
- 8.1M
- Avg Position
- $7.2M
- Median Position
- $557.2K
Hedge Funds
- Hedge Funds
- 1
- Value Held
- $307.6K
- Shares Held
- 6.2K
- Avg Position
- $307.6K
- Median Position
- $307.6K
Biggest Investors
Institutions with the largest positions in DFCA as of Q3 2025
| Institution | Position Value |
|---|---|
 MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth | $260.5M 0.44% of portfolio |
 HighTower Advisors, LLC RIA/Wealth | $48.3M 0.06% of portfolio |
 Citrine Capital LLC RIA/Wealth | $35.7M 16.58% of portfolio |
 Savvy Advisors, Inc. RIA/Wealth | $8.2M 0.38% of portfolio |
 One Degree Advisors Inc RIA/Wealth | $5.5M 1.79% of portfolio |
$4.9M 2.70% of portfolio | |
$4.0M 0.01% of portfolio | |
 Elmwood Wealth Management, Inc. RIA/Wealth | $3.1M 1.12% of portfolio |
R Root Financial Partners, LLC RIA/Wealth | $2.6M 0.16% of portfolio |
T TriaGen Wealth Management LLC RIA/Wealth | $2.4M 0.62% of portfolio |
Net Capital Flow
Institutional buying and selling activity for DFCA in Q3 2025
- Traded
- −$175.1M
- Buyers
- 36
- Sellers
- 14
- Total Bought
- +$67.1M
- Total Sold
- −$242.2M
- Avg Position
- $6.5M
Biggest Buyers
| Institution | Net Bought |
|---|---|
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth | +$37.4M +749.9K shares |
Savvy Advisors, Inc. RIA/Wealth | +$8.2M +164.0K shares |
HighTower Advisors, LLC RIA/Wealth | +$6.2M +125.0K shares |
 Integrated Wealth Concepts LLC RIA/Wealth | +$2.3M +45.7K shares |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | +$1.3M +26.2K shares |
Citrine Capital LLC RIA/Wealth | +$1.3M +26.0K shares |
A Advisor Group Holdings, Inc. Institution | +$1.0M +21.2K shares |
R Root Financial Partners, LLC RIA/Wealth | +$950.0K +19.1K shares |
O One Capital Management, LLC RIA/Wealth | +$797.2K +16.0K shares |
One Degree Advisors Inc RIA/Wealth | +$773.6K +15.5K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 ENVESTNET ASSET MANAGEMENT INC Long Only Manager | −$233.6M −4.7M shares |
 Callan Family Office, LLC Family Office | −$4.3M −86.7K shares |
J JANE STREET GROUP, LLC Institution | −$2.2M −44.2K shares |
 COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth | −$546.4K −11.0K shares |
 Savant Capital, LLC RIA/Wealth | −$438.0K −8.8K shares |
 REGATTA CAPITAL GROUP, LLC RIA/Wealth | −$268.4K −5.4K shares |
C CI Private Wealth, LLC RIA/Wealth | −$256.6K −5.2K shares |
O OLD MISSION CAPITAL LLC Institution | −$224.0K −4.5K shares |
 FIDUCIARY FINANCIAL GROUP, LLC RIA/Wealth | −$198.7K −4.0K shares |
 Navigoe, LLC RIA/Wealth | −$98.1K −2.0K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited DFCA in Q3 2025
- New Positions
- 10
- New Value
- $13.7M
- Exited Positions
- 6
- Exited Value
- $238.5M
New Positions
| Institution | Position Value |
|---|---|
Savvy Advisors, Inc. RIA/Wealth | $8.2M 164.0K shares |
Integrated Wealth Concepts LLC RIA/Wealth | $2.3M 45.7K shares |
W WESPAC Advisors SoCal, LLC Institution | $767.8K 15.4K shares |
 SCRATCH CAPITAL LLC RIA/Wealth | $673.6K 13.5K shares |
 Pallas Capital Advisors LLC RIA/Wealth | $498.3K 10.0K shares |
 Parallel Advisors, LLC RIA/Wealth | $469.8K 9.4K shares |
 Parkwoods Wealth Partners, LLC RIA/Wealth | $295.7K 5.9K shares |
 Pure Financial Advisors, Inc. RIA/Wealth | $227.2K 4.6K shares |
 Brookstone Capital Management RIA/Wealth | $214.5K 4.3K shares |
 GAMMA Investing LLC Long Only Manager | $105.0K 2.1K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
ENVESTNET ASSET MANAGEMENT INC Long Only Manager | $233.6M 4.7M shares |
Callan Family Office, LLC Family Office | $4.3M 86.7K shares |
REGATTA CAPITAL GROUP, LLC RIA/Wealth | $268.4K 5.4K shares |
C CI Private Wealth, LLC RIA/Wealth | $256.6K 5.2K shares |
Navigoe, LLC RIA/Wealth | $98.1K 2.0K shares |
 FIRST FINANCIAL HOLDINGS, INC. Institution | $15.5K 315.0 shares |
Options Activity
Institutions with the largest Call and Put options positions in DFCA as of Q3 2025
- Call Positions
- 0
- Call Value
- -
- Put Positions
- 0
- Put Value
- -
Call Positions
| Institution | Position Value |
|---|---|
| No call positions found | |
Put Positions
| Institution | Position Value |
|---|---|
| No put positions found | |
Most Committed Institutions
Institutions with DFCA as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
Citrine Capital LLC RIA/Wealth | 16.58% $35.7M |
2.70% $4.9M | |
One Degree Advisors Inc RIA/Wealth | 1.79% $5.5M |
Elmwood Wealth Management, Inc. RIA/Wealth | 1.12% $3.1M |
 Prospect Financial Group LLC RIA/Wealth | 0.90% $916.9K |
T TriaGen Wealth Management LLC RIA/Wealth | 0.62% $2.4M |
SCRATCH CAPITAL LLC RIA/Wealth | 0.45% $673.6K |
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth | 0.44% $260.5M |
Savvy Advisors, Inc. RIA/Wealth | 0.38% $8.2M |
 Parkshore Wealth Management, Inc. RIA/Wealth | 0.36% $882.1K |
Hedge Fund Spotlight
Discover hedge funds investing in DFCA
Fermata Advisors, LLC
Hedge Fund • Sector
Portfolio ManagerAdam Leslie Dener
- Portfolio Value
- $371.6M
- Positions
- 207
- Last Reported
- Q3 2025
Sector Allocation
Position in Dimensional California Municipal Bond
- Market Value
- $307.6K
- Shares Held
- 6.2K
- Portfolio Weight
- 0.08%
- Owned Since
- 2025-Q2
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Consumer Electronics Technology | $13.6M | 3.67% | |
ETF ETF | $13.1M | 3.53% | |
ETF ETF | $12.7M | 3.43% |
