Dimensional Fund Advisors Portfolio holdings
Dimensional Fund Advisors (DFA), founded in 1981 by David Booth and Rex Sinquefield and headquartered in Austin, Texas, is an investment management firm renowned for its evidence-based, low-cost approach to investing, grounded in academic research from Nobel laureates like Eugene Fama and Kenneth French. Managing hundreds of billions in assets, DFA focuses on systematic, passive strategies that tilt toward factors like small-cap, value, and profitability stocks, primarily through mutual funds and institutional portfolios rather than retail brokerage services. The firm’s philosophy eschews market timing and stock picking, instead emphasizing diversification and efficient market exposure, often requiring investors to access its funds through approved financial advisors. With a global presence and a reputation for disciplined, data-driven investing, DFA has carved a unique niche in the industry, blending academic rigor with practical application.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kenvue
KVUE
|
+$396M |
| 2 |
JPMorgan Chase
JPM
|
+$167M |
| 3 |
Extra Space Storage
EXR
|
+$148M |
| 4 |
GE HealthCare
GEHC
|
+$120M |
| 5 |
Patterson-UTI
PTEN
|
+$102M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PDCE
PDC Energy, Inc.
PDCE
|
+$313M |
| 2 |
Super Micro Computer
SMCI
|
+$310M |
| 3 |
UNVR
Univar Solutions Inc.
UNVR
|
+$176M |
| 4 |
LSI
Life Storage, Inc.
LSI
|
+$160M |
| 5 |
Walmart Inc
WMT
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.29% |
| 2 | Financials | 16.14% |
| 3 | Industrials | 13.23% |
| 4 | Consumer Discretionary | 10.82% |
| 5 | Healthcare | 10.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WIRE
226
DELISTED
Encore Wire Corp
WIRE
| $254M | 0.08% |
1,389,873
-66,911
| -5% | -$11.4M |
|
227
Starbucks
SBUX
$118B
| $253M | 0.08% |
2,776,044
-41,014
| -1% | -$4.03M |
|
228
Bank OZK
OZK
$5.61B
| $253M | 0.08% |
6,833,661
-135,338
| -2% | -$5.48M |
|
229
Centene
CNC
$31.8B
| $251M | 0.08% |
3,645,151
+440,174
| +14% | +$29.3M |
|
230
Element Solutions
ESI
$8.83B
| $249M | 0.08% |
12,704,498
-368,839
| -3% | -$7.32M |
|
231
Sanmina
SANM
$9.2B
| $249M | 0.08% |
4,584,059
-60,795
| -1% | -$3.42M |
|
232
Allstate
ALL
$70B
| $248M | 0.08% |
2,230,142
-66,006
| -3% | -$7.2M |
|
233
Aon
AON
$81.5B
| $246M | 0.08% |
759,767
+4,806
| +0.6% | +$1.59M |
|
234
Canadian Natural Resources
CNQ
$92.4B
| $246M | 0.08% |
7,619,224
+61,624
| +0.8% | +$1.88M |
|
235
Ventas
VTR
$47.9B
| $246M | 0.08% |
5,844,358
+98,003
| +2% | +$4.41M |
|
236
GATX Corp
GATX
$6.62B
| $245M | 0.08% |
2,249,387
-66,865
| -3% | -$8.07M |
|
237
Huntsman Corp
HUN
$2.01B
| $244M | 0.08% |
10,003,256
+396,454
| +4% | +$10.7M |
|
238
Regions Financial
RF
$26.7B
| $244M | 0.08% |
14,176,960
+32,714
| +0.2% | +$620K |
|
239
Thor Industries
THO
$4.14B
| $243M | 0.08% |
2,552,596
+180,281
| +8% | +$18.8M |
|
240
BHP
BHP
$213B
| $242M | 0.08% |
4,261,181
+139,617
| +3% | +$8.16M |
|
|
241
Patterson-UTI
PTEN
$3.48B
| $242M | 0.08% |
17,477,238
+6,947,504
| +66% | +$102M |
|
242
Blackrock
BLK
$170B
| $242M | 0.08% |
374,125
-8,520
| -2% | -$5.95M |
|
243
Martin Marietta Materials
MLM
$35.1B
| $241M | 0.08% |
587,621
+6,588
| +1% | +$2.91M |
|
244
Acadia Healthcare
ACHC
$2.99B
| $241M | 0.08% |
3,423,161
-233,868
| -6% | -$17.5M |
|
245
Quest Diagnostics
DGX
$26B
| $240M | 0.08% |
1,972,866
-17,807
| -0.9% | -$2.37M |
|
246
Insight Enterprises
NSIT
$3.77B
| $240M | 0.08% |
1,650,837
-262,225
| -14% | -$39.1M |
|
247
Carpenter Technology
CRS
$27.8B
| $240M | 0.08% |
3,573,219
-71,191
| -2% | -$4.32M |
|
|
HES
248
DELISTED
Hess
HES
| $240M | 0.08% |
1,568,616
-534,158
| -25% | -$80.4M |
|
249
White Mountains Insurance
WTM
$5.44B
| $240M | 0.08% |
160,493
+1,868
| +1% | +$2.87M |
|
250
ON Semiconductor
ON
$33B
| $239M | 0.08% |
2,572,162
-749,813
| -23% | -$72.8M |
|
Similar funds
Dimensional Fund Advisors's Q3 2023 Portfolio in Review
As of Q3 2023, Dimensional Fund Advisors held 3,560 positions worth $305B, down 2.8% from $314B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q3 2023: portfolio turnover was 4.9%. Dimensional Fund Advisors opened 80 new positions and exited 93, leaving the 3,560-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 18% a quarter earlier, followed by Financials and Industrials.
- Dimensional Fund Advisors's largest Q3 2023 buy was Kenvue: 17,128,393 shares worth $344M.
- Dimensional Fund Advisors added most to JPMorgan Chase in Q3 2023, an estimated $167M increase.
- Dimensional Fund Advisors's biggest Q3 2023 reduction was Super Micro Computer, cutting an estimated $310M.
- Dimensional Fund Advisors fully exited PDC Energy, Inc. in Q3 2023, selling an estimated $313M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $305B portfolio in Q3 2023.
- Dimensional Fund Advisors opened 80 new positions and closed 93 in Q3 2023.
- Dimensional Fund Advisors's portfolio value fell 2.8% quarter-over-quarter to $305B.
Based on Dimensional Fund Advisors's 13F filing for Q3 2023, filed 9 Nov 2023.