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 | |
|---|---|---|---|---|---|---|
|
ARC
2601
DELISTED
ARC Document Solutions, Inc.
ARC
| $4.04M | ﹤0.01% |
1,269,063
+106,587
| +9% | +$361K |
|
|
VZIO
2602
DELISTED
VIZIO Holding Corp.
VZIO
| $4.01M | ﹤0.01% |
741,197
+228,312
| +45% | +$1.47M |
|
|
IVAC
2603
DELISTED
Intevac Inc
IVAC
| $3.99M | ﹤0.01% |
1,283,973
-199,052
| -13% | -$689K |
|
|
LX
2604
LexinFintech Holdings
LX
$246M
| $3.94M | ﹤0.01% |
1,782,962
-188,080
| -10% | -$454K |
|
2605
Lifestance Health
LFST
$4.15B
| $3.93M | ﹤0.01% |
572,382
+367,271
| +179% | +$2.98M |
|
2606
Mayville Engineering Co
MEC
$648M
| $3.93M | ﹤0.01% |
358,469
+11,668
| +3% | +$135K |
|
2607
Sutro Biopharma
STRO
$386M
| $3.92M | ﹤0.01% |
112,982
-8,197
| -7% | -$357K |
|
|
SCX
2608
DELISTED
The L.S. Starrett Company
SCX
| $3.86M | ﹤0.01% |
359,294
+5,486
| +2% | +$61.1K |
|
|
LSEA
2609
DELISTED
Landsea Homes
LSEA
| $3.84M | ﹤0.01% |
427,189
+305,638
| +251% | +$3.06M |
|
|
NOA
2610
North American Construction
NOA
$357M
| $3.82M | ﹤0.01% |
175,797
+15,651
| +10% | +$353K |
|
2611
Ascent Industries
ACNT
$139M
| $3.78M | ﹤0.01% |
426,596
-13,043
| -3% | -$117K |
|
2612
QuantumScape Corp
QS
$3.05B
| $3.78M | ﹤0.01% |
564,456
+84,395
| +18% | +$687K |
|
|
ASAI
2613
DELISTED
Sendas Distribuidora S.A. American Depositary Share (each representing five common shares)
ASAI
| $3.77M | ﹤0.01% |
309,821
-4,046
| -1% | -$53.1K |
|
2614
Icon
ICLR
$13.7B
| $3.76M | ﹤0.01% |
15,278
-1,099
| -7% | -$277K |
|
|
DAWN
2615
DELISTED
Day One Biopharmaceuticals
DAWN
| $3.76M | ﹤0.01% |
306,185
+123,007
| +67% | +$1.6M |
|
|
WSO.B
2616
Watsco Inc Class B
WSO.B
$13.1B
| $3.74M | ﹤0.01% |
10,276
| – | – |
|
2617
Ero Copper
ERO
$2.64B
| $3.72M | ﹤0.01% |
215,606
+132,797
| +160% | +$2.71M |
|
|
NVEI
2618
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
| $3.71M | ﹤0.01% |
247,621
+28,810
| +13% | +$667K |
|
|
PPIH
2619
Perma-Pipe International
PPIH
$189M
| $3.66M | ﹤0.01% |
447,560
-19,384
| -4% | -$167K |
|
2620
Universal Electronics
UEIC
$59.2M
| $3.65M | ﹤0.01% |
403,646
-113,920
| -22% | -$1.12M |
|
2621
Algonquin Power & Utilities
AQN
$4.59B
| $3.65M | ﹤0.01% |
616,380
-9,101
| -1% | -$68.6K |
|
|
EQRX
2622
DELISTED
EQRx, Inc. Common Stock
EQRX
| $3.64M | ﹤0.01% |
+1,638,286
| New | +$3.51M |
|
|
BVH
2623
DELISTED
Bluegreen Vacations Holding Corporation
BVH
| $3.63M | ﹤0.01% |
98,834
+16,368
| +20% | +$594K |
|
2624
Lantronix
LTRX
$223M
| $3.62M | ﹤0.01% |
814,498
+140,013
| +21% | +$614K |
|
2625
Epsilon Energy
EPSN
$168M
| $3.62M | ﹤0.01% |
685,997
-12,160
| -2% | -$67.8K |
|
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.