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 |
Prologis
PLD
|
+$275M |
| 2 |
U-Haul Holding Co Series N
UHAL.B
|
+$252M |
| 3 |
Apple
AAPL
|
+$127M |
| 4 |
FLG
Flagstar Bank National Association
FLG
|
+$122M |
| 5 |
Shell
SHEL
|
+$110M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DRE
Duke Realty Corp.
DRE
|
+$260M |
| 2 |
U-Haul Holding Co
UHAL
|
+$257M |
| 3 |
Walmart Inc
WMT
|
+$158M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$154M |
| 5 |
Antero Resources
AR
|
+$153M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.11% |
| 2 | Technology | 12.45% |
| 3 | Industrials | 10.99% |
| 4 | Healthcare | 9.96% |
| 5 | Consumer Discretionary | 8.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2551
Crawford & Co Class B
CRD.B
$491M
| $3.5K | ﹤0.01% |
659,980
-2,139
| -0.3% | -$11.9K |
|
2552
Key Tronic
KTCC
$42.8M
| $3.5K | ﹤0.01% |
807,603
-755
| -0.1% | -$3.44K |
|
2553
Biglari Holdings Class A
BH.A
$1.25B
| $3.47K | ﹤0.01% |
5,051
+74
| +1% | +$49.8K |
|
2554
Norwood Financial Corp
NWFL
$370M
| $3.45K | ﹤0.01% |
103,183
+1,534
| +2% | +$46.4K |
|
2555
Unisys
UIS
$209M
| $3.45K | ﹤0.01% |
675,047
-345,374
| -34% | -$2.17M |
|
2556
Alerus Financial
ALRS
$831M
| $3.44K | ﹤0.01% |
147,327
+1,961
| +1% | +$44.5K |
|
2557
Health Catalyst
HCAT
$154M
| $3.44K | ﹤0.01% |
323,222
+186,724
| +137% | +$1.8M |
|
|
DGICB
2558
Donegal Group Class B
DGICB
$830M
| $3.43K | ﹤0.01% |
193,567
| – | – |
|
2559
Innovative Solutions & Support
ISSC
$327M
| $3.42K | ﹤0.01% |
416,372
+11,058
| +3% | +$97.5K |
|
2560
Graham Corp
GHM
$1.12B
| $3.41K | ﹤0.01% |
354,396
-1,327
| -0.4% | -$12.3K |
|
2561
Capital Bancorp
CBNK
$608M
| $3.39K | ﹤0.01% |
143,844
+10,480
| +8% | +$253K |
|
2562
Outset Medical
OM
$84.7M
| $3.38K | ﹤0.01% |
8,732
+6,199
| +245% | +$1.75M |
|
2563
Toast
TOST
$18.7B
| $3.36K | ﹤0.01% |
+186,383
| New | +$3.5M |
|
|
SBT
2564
DELISTED
Sterling Bancorp, Inc. Common Stock
SBT
| $3.35K | ﹤0.01% |
550,249
+8,272
| +2% | +$51.8K |
|
|
IAS
2565
DELISTED
Integral Ad Science
IAS
| $3.35K | ﹤0.01% |
381,154
+342,915
| +897% | +$2.91M |
|
|
USAP
2566
DELISTED
Universal Stainless & Alloy
USAP
| $3.35K | ﹤0.01% |
466,906
| – | – |
|
|
QUOT
2567
DELISTED
Quotient Technology Inc
QUOT
| $3.3K | ﹤0.01% |
961,030
-10,774
| -1% | -$30.5K |
|
|
GIFI
2568
DELISTED
Gulf Island Fabrication
GIFI
| $3.28K | ﹤0.01% |
639,380
-1,323
| -0.2% | -$6.39K |
|
2569
Noodles & Co
NDLS
$111M
| $3.28K | ﹤0.01% |
74,698
-19
| -0% | -$833 |
|
|
BAND
2570
Bandwidth Inc
BAND
$1.26B
| $3.26K | ﹤0.01% |
142,062
+99,309
| +232% | +$1.81M |
|
2571
Bel Fuse Inc Class A
BELFA
$3.17B
| $3.25K | ﹤0.01% |
97,522
+816
| +0.8% | +$26.5K |
|
2572
DLH Holdings
DLHC
$70.7M
| $3.25K | ﹤0.01% |
273,578
+20,008
| +8% | +$257K |
|
2573
Hovnanian Enterprises
HOV
$726M
| $3.25K | ﹤0.01% |
77,123
+43,243
| +128% | +$1.83M |
|
2574
Kura Sushi USA
KRUS
$560M
| $3.23K | ﹤0.01% |
67,752
+16,664
| +33% | +$1.11M |
|
|
ITOS
2575
DELISTED
iTeos Therapeutics
ITOS
| $3.23K | ﹤0.01% |
165,151
+147,277
| +824% | +$2.88M |
|
Similar funds
Dimensional Fund Advisors's Q4 2022 Portfolio in Review
As of Q4 2022, Dimensional Fund Advisors held 3,580 positions worth $338M, down 100% from $260B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Dimensional Fund Advisors withdrew a net $2.24B in Q4 2022, closing 89 positions and reducing 1,331 holdings. Its most notable exit was Duke Realty Corp., an estimated $260M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 18% a quarter earlier, followed by Technology and Industrials.
Against the trend, Dimensional Fund Advisors opened a new position in U-Haul Holding Co Series N worth $239K.
- Dimensional Fund Advisors's largest Q4 2022 buy was U-Haul Holding Co Series N: 4,345,763 shares worth $239K.
- Dimensional Fund Advisors added most to Prologis in Q4 2022, an estimated $275M increase.
- Dimensional Fund Advisors's biggest Q4 2022 reduction was U-Haul Holding Co, cutting an estimated $257M.
- Dimensional Fund Advisors fully exited Duke Realty Corp. in Q4 2022, selling an estimated $260M.
- Dimensional Fund Advisors's ten largest holdings make up 20% of its $338M portfolio in Q4 2022.
- Dimensional Fund Advisors opened 92 new positions and closed 89 in Q4 2022.
- Dimensional Fund Advisors's portfolio value fell 100% quarter-over-quarter to $338M.
Based on Dimensional Fund Advisors's 13F filing for Q4 2022, filed 9 Feb 2023.