DFNM β€” Dimensional National Municipal

Ownership history in CONFLUENCE INVESTMENT MANAGEMENT LLC  Β·  13 quarters on record

AI Ownership Summary

CONFLUENCE INVESTMENT MANAGEMENT LLC reported Dimensional National Municipal (DFNM) in 13 quarterly 13F filings from 2024 Q1 through 2026 Q1. Peak portfolio weight reached 0.16% in 2024 Q3. The latest visible filing shows DFNM at 0.15% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this DFNM ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was CONFLUENCE INVESTMENT MANAGEMENT LLC's position in Dimensional National Municipal, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q1

DFNM was reported at 0.15% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.16% in 2024 Q3

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2024 Q1 to 2026 Q1

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

DFNM stock page CONFLUENCE INVESTMENT MANAGEMENT LLC fund profile CONFLUENCE INVESTMENT MANAGEMENT LLC full holdings
How CONFLUENCE INVESTMENT MANAGEMENT LLC held DFNM β€” position size vs. price
% of Fund (quarterly)    DFNM price (quarter-end, indexed to 100)
πŸ“‹ Quarterly Holdings History 9 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q1 REDUCED 205,362 -4,161 -2.0% 0.15% $9.8M 2026-05-15 (Est.) $48.08
2025 Q4 REDUCED 209,523 -6,869 -3.2% 0.15% $10.1M 2026-01-05 $47.95
2025 Q3 ADDED 216,392 +48,497 +28.9% 0.15% $10.4M 2025-10-14 $47.43
2025 Q2 REDUCED 167,895 -5,328 -3.1% 0.11% $8.0M 2025-07-01 $46.40
2025 Q1 REDUCED 173,223 -4,194 -2.4% 0.12% $8.2M 2025-04-01 $46.28
2024 Q4 REDUCED 177,417 -53,534 -23.2% 0.12% $8.5M 2025-01-02 $46.14
2024 Q3 ADDED 230,951 +1,336 +0.6% 0.16% $11.2M 2024-11-05 $46.06
2024 Q2 REDUCED 229,615 -672 -0.3% 0.16% $11.0M 2024-07-01 $45.31
2024 Q1 REDUCED 230,287 -2,901 -1.2% 0.15% $11.1M 2024-04-01 $45.29
4 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history

🏒 Other funds also holding DFNM

As of 2026 Q1 β€” sorted by position size

COLLECTIVE FAMILY OFFICE LLC 3Y 1.26% Aspen Wealth Management LLC 3Y 1.0%

FAQ About CONFLUENCE INVESTMENT MANAGEMENT LLC and DFNM

These are the practical questions this page is built to answer before you even open the full history table.

How long has CONFLUENCE INVESTMENT MANAGEMENT LLC reported owning DFNM?

CONFLUENCE INVESTMENT MANAGEMENT LLC reported DFNM across 9 quarterly 13F filings, from 2024 Q1 through 2026 Q1.

What was the largest reported DFNM position in CONFLUENCE INVESTMENT MANAGEMENT LLC's portfolio?

The largest reported portfolio weight for DFNM was 0.16% in 2024 Q3.

What is the latest reported DFNM position on this page?

The most recent filing on this page is 2026 Q1, when CONFLUENCE INVESTMENT MANAGEMENT LLC reported 205,362 shares, equal to 0.15% of portfolio, with an estimated market value of $9.8M.

What does the chart on this DFNM ownership page compare?

The chart compares CONFLUENCE INVESTMENT MANAGEMENT LLC's quarterly DFNM portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

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