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 |
NVIDIA
NVDA
|
+$900M |
| 2 |
Cisco
CSCO
|
+$204M |
| 3 |
Amazon
AMZN
|
+$152M |
| 4 |
Johnson & Johnson
JNJ
|
+$150M |
| 5 |
Brookfield Infrastructure
BIPC
|
+$110M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$430M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$305M |
| 3 |
TWNK
Hostess Brands, Inc. Class A Common Stock
TWNK
|
+$299M |
| 4 |
Merck
MRK
|
+$291M |
| 5 |
TRTN
Triton International Limited
TRTN
|
+$282M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.11% |
| 2 | Financials | 17.15% |
| 3 | Industrials | 13.2% |
| 4 | Consumer Discretionary | 11.26% |
| 5 | Healthcare | 10.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2501
Natera
NTRA
$38.3B
| $6.15M | ﹤0.01% |
98,150
+23,929
| +32% | +$1.2M |
|
2502
Kiniksa Pharmaceuticals
KNSA
$5.8B
| $6.13M | ﹤0.01% |
349,753
-23,968
| -6% | -$394K |
|
|
CFLT
2503
DELISTED
Confluent
CFLT
| $6.13M | ﹤0.01% |
261,791
-58,972
| -18% | -$1.43M |
|
2504
Chemung Financial Corp
CHMG
$393M
| $6.11M | ﹤0.01% |
122,709
+1,098
| +0.9% | +$48.7K |
|
2505
Arlo Technologies
ARLO
$1.6B
| $6.11M | ﹤0.01% |
641,285
-894,126
| -58% | -$8.17M |
|
2506
Alector
ALEC
$168M
| $6.1M | ﹤0.01% |
764,394
+83,169
| +12% | +$493K |
|
2507
Bel Fuse Inc Class A
BELFA
$3.17B
| $6.09M | ﹤0.01% |
95,052
| – | – |
|
2508
UNIFI
UFI
$119M
| $6.07M | ﹤0.01% |
910,707
-25,635
| -3% | -$167K |
|
2509
First Northwest Bancorp
FNWB
$109M
| $6.05M | ﹤0.01% |
379,468
+2,722
| +0.7% | +$38K |
|
2510
SmartRent
SMRT
$195M
| $6.03M | ﹤0.01% |
1,890,755
+791,488
| +72% | +$2.31M |
|
2511
Maravai LifeSciences
MRVI
$969M
| $6.03M | ﹤0.01% |
920,661
-217,881
| -19% | -$1.41M |
|
2512
Driven Brands
DRVN
$2.35B
| $5.95M | ﹤0.01% |
417,287
-41,697
| -9% | -$520K |
|
|
TBRG
2513
DELISTED
TruBridge
TBRG
| $5.87M | ﹤0.01% |
523,891
-105,315
| -17% | -$1.33M |
|
|
MACK
2514
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $5.84M | ﹤0.01% |
435,645
-13,107
| -3% | -$166K |
|
2515
STRATTEC Security
STRT
$367M
| $5.77M | ﹤0.01% |
229,957
-4,099
| -2% | -$94.6K |
|
|
PBPB
2516
DELISTED
Potbelly
PBPB
| $5.72M | ﹤0.01% |
549,302
+7,688
| +1% | +$69.8K |
|
2517
Willdan Group
WLDN
$1.04B
| $5.71M | ﹤0.01% |
265,611
+20,259
| +8% | +$403K |
|
2518
Ponce Financial Group
PDLB
$488M
| $5.71M | ﹤0.01% |
584,669
+64,405
| +12% | +$556K |
|
2519
Alerus Financial
ALRS
$831M
| $5.69M | ﹤0.01% |
254,175
+57,279
| +29% | +$1.08M |
|
2520
Organogenesis Holdings
ORGO
$305M
| $5.67M | ﹤0.01% |
1,387,140
+530,620
| +62% | +$1.49M |
|
2521
Mayville Engineering Co
MEC
$654M
| $5.63M | ﹤0.01% |
390,476
+32,007
| +9% | +$397K |
|
2522
Ranger Energy Services
RNGR
$376M
| $5.6M | ﹤0.01% |
547,741
+174,991
| +47% | +$2.02M |
|
|
MCHB
2523
Mechanics Bancorp
MCHB
$3.72B
| $5.6M | ﹤0.01% |
543,588
-19,043
| -3% | -$132K |
|
2524
Colony Bankcorp
CBAN
$465M
| $5.59M | ﹤0.01% |
419,979
+61,632
| +17% | +$668K |
|
2525
Townsquare Media
TSQ
$106M
| $5.58M | ﹤0.01% |
528,614
-16,375
| -3% | -$155K |
|
Similar funds
Dimensional Fund Advisors's Q4 2023 Portfolio in Review
As of Q4 2023, Dimensional Fund Advisors held 3,516 positions worth $342B, up 12% from $305B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q4 2023: portfolio turnover was 4.3%. Dimensional Fund Advisors opened 49 new positions and exited 103, leaving the 3,516-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Financials and Industrials.
- Dimensional Fund Advisors's largest Q4 2023 buy was Veralto: 961,231 shares worth $79.1M.
- Dimensional Fund Advisors added most to NVIDIA in Q4 2023, an estimated $900M increase.
- Dimensional Fund Advisors's biggest Q4 2023 reduction was Meta Platforms (Facebook), cutting an estimated $430M.
- Dimensional Fund Advisors fully exited Activision Blizzard in Q4 2023, selling an estimated $305M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $342B portfolio in Q4 2023.
- Dimensional Fund Advisors opened 49 new positions and closed 103 in Q4 2023.
- Dimensional Fund Advisors's portfolio value rose 12% quarter-over-quarter to $342B.
Based on Dimensional Fund Advisors's 13F filing for Q4 2023, filed 7 Feb 2024.