13F

DFNM DIMENSIONAL NATIONAL MUNI BD

2026Q1 · CUSIP 25434V849

🟡 Cooling · Breadth rolling over
Holders
275
Δ holders QoQ
+2
Breadth percentile
Top 53%
Whale holders
51
Δ whales
+3
Inst. holding value
$1.7B
New positions
26
Closed positions
24
Price momentum (1Q)
Put / Call
0/0

Breadth history (34 quarters)

2022Q1: Δ+19 · h=30 2022Q2: Δ+28 · h=58 2022Q3: Δ+12 · h=70 2022Q4: Δ+39 · h=109 2023Q1: Δ+17 · h=126 2023Q2: Δ-1 · h=125 2023Q3: Δ+14 · h=139 2023Q4: Δ+27 · h=166 2024Q1: Δ-2 · h=164 2024Q2: Δ+7 · h=171 2024Q3: Δ+21 · h=192 2024Q4: Δ+38 · h=230 2025Q1: Δ+9 · h=239 2025Q2: Δ+1 · h=240 2025Q3: Δ+4 · h=244 2025Q4: Δ+29 · h=273 2026Q1: Δ+2 · h=275 2022Q1: holders=30 2022Q2: holders=58 2022Q3: holders=70 2022Q4: holders=109 2023Q1: holders=126 2023Q2: holders=125 2023Q3: holders=139 2023Q4: holders=166 2024Q1: holders=164 2024Q2: holders=171 2024Q3: holders=192 2024Q4: holders=230 2025Q1: holders=239 2025Q2: holders=240 2025Q3: holders=244 2025Q4: holders=273 2026Q1: holders=275 -39 -19.5 +0 +19.5 +39 27158289 22Q122Q323Q123Q324Q124Q325Q125Q326Q1 Δ holders (bar) Holders (line)

Past Lit Events & Aftermath 10 lit events

Period Percentile Next-1Q return Next-2Q return
2025Q4 Top 18%
2024Q4 Top 13%
2024Q3 Top 16%
2023Q4 Top 20%
2023Q3 Top 13%
2023Q1 Top 9%
2022Q4 Top 9%
2022Q3 Top 11%
2022Q2 Top 3%
2022Q1 Top 9%
Put holders / Call holders: 0 / 0