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 | |
|---|---|---|---|---|---|---|
2551
Vista Energy
VIST
$7.84B
| $5.13M | ﹤0.01% |
173,926
-14,020
| -7% | -$413K |
|
|
CTO
2552
CTO Realty Growth
CTO
$824M
| $5.11M | ﹤0.01% |
295,010
+1,714
| +0.6% | +$28.5K |
|
|
EVBN
2553
DELISTED
Evans Bancorp Inc
EVBN
| $5.1M | ﹤0.01% |
161,814
-1,863
| -1% | -$52.2K |
|
|
VNET
2554
VNET Group
VNET
$2.04B
| $5.09M | ﹤0.01% |
1,774,494
| – | – |
|
2555
Maui Land & Pineapple Co
MLP
$344M
| $5.07M | ﹤0.01% |
319,123
-1,545
| -0.5% | -$22.8K |
|
2556
Accuray
ARAY
$32M
| $5.05M | ﹤0.01% |
1,785,189
+8,672
| +0.5% | +$23.7K |
|
2557
BRC Group Holdings
RILY
$288M
| $5.02M | ﹤0.01% |
239,191
-26,260
| -10% | -$768K |
|
2558
ENI
E
$80.5B
| $5.01M | ﹤0.01% |
147,184
-13,567
| -8% | -$441K |
|
2559
Kewaunee Scientific
KEQU
$102M
| $4.99M | ﹤0.01% |
171,601
| – | – |
|
2560
Capital Bancorp
CBNK
$608M
| $4.97M | ﹤0.01% |
205,549
+16,908
| +9% | +$357K |
|
|
CONN
2561
DELISTED
Conn's Inc.
CONN
| $4.97M | ﹤0.01% |
1,119,283
-77,673
| -6% | -$256K |
|
|
TBNK
2562
DELISTED
Territorial Bancorp Inc.
TBNK
| $4.95M | ﹤0.01% |
443,936
-10,378
| -2% | -$88.3K |
|
2563
Allogene Therapeutics
ALLO
$649M
| $4.93M | ﹤0.01% |
1,535,245
-303,111
| -16% | -$860K |
|
|
SA
2564
Seabridge Gold
SA
$2.78B
| $4.93M | ﹤0.01% |
406,055
+2,793
| +0.7% | +$32.1K |
|
2565
Pulmonx
LUNG
$68.8M
| $4.91M | ﹤0.01% |
384,771
-17,854
| -4% | -$186K |
|
2566
KT
KT
$8.62B
| $4.91M | ﹤0.01% |
364,750
+1,820
| +0.5% | +$23.3K |
|
2567
Sutro Biopharma
STRO
$401M
| $4.89M | ﹤0.01% |
114,076
+1,094
| +1% | +$34.7K |
|
|
PHX
2568
DELISTED
PHX Minerals
PHX
| $4.89M | ﹤0.01% |
1,517,871
+129,953
| +9% | +$446K |
|
2569
Pure Cycle
PCYO
$253M
| $4.89M | ﹤0.01% |
466,806
+3,090
| +0.7% | +$30.7K |
|
2570
Community Health Systems
CYH
$393M
| $4.88M | ﹤0.01% |
1,557,848
-502,577
| -24% | -$1.35M |
|
2571
AXT Inc
AXTI
$3.95B
| $4.84M | ﹤0.01% |
2,017,064
-144,539
| -7% | -$323K |
|
|
OPI
2572
DELISTED
Office Properties Income Trust
OPI
| $4.84M | ﹤0.01% |
660,625
-25,689
| -4% | -$137K |
|
2573
PLDT
PHI
$4.25B
| $4.78M | ﹤0.01% |
203,933
-12
| -0% | -$269 |
|
|
CDMO
2574
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $4.74M | ﹤0.01% |
729,392
-285,931
| -28% | -$1.84M |
|
2575
Amtech Systems
ASYS
$268M
| $4.72M | ﹤0.01% |
1,122,676
-4,055
| -0.4% | -$27.5K |
|
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.