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 | |
|---|---|---|---|---|---|---|
2751
Transact Technologies
TACT
$53.2M
| $2.46M | ﹤0.01% |
351,741
-2,766
| -0.8% | -$18.1K |
|
|
ARIS
2752
DELISTED
Aris Water Solutions
ARIS
| $2.45M | ﹤0.01% |
291,638
+206,221
| +241% | +$1.77M |
|
2753
Northeast Community Bancorp
NECB
$368M
| $2.43M | ﹤0.01% |
136,910
+57,164
| +72% | +$928K |
|
|
ORAN
2754
DELISTED
Orange
ORAN
| $2.43M | ﹤0.01% |
212,438
-6,896
| -3% | -$81K |
|
|
AGS
2755
DELISTED
PlayAGS
AGS
| $2.4M | ﹤0.01% |
284,862
+3,729
| +1% | +$27.6K |
|
2756
Third Coast Bancshares
TCBX
$729M
| $2.4M | ﹤0.01% |
120,831
+28,683
| +31% | +$498K |
|
2757
SB Financial Group
SBFG
$164M
| $2.4M | ﹤0.01% |
157,437
+5,678
| +4% | +$78.1K |
|
2758
Syndax Pharmaceuticals
SNDX
$1.69B
| $2.36M | ﹤0.01% |
109,303
+3,163
| +3% | +$48.6K |
|
2759
Planet Labs
PL
$7.3B
| $2.34M | ﹤0.01% |
948,316
-129,067
| -12% | -$305K |
|
|
PSTL
2760
Postal Realty Trust
PSTL
$694M
| $2.34M | ﹤0.01% |
160,624
+28,844
| +22% | +$402K |
|
|
SCWX
2761
DELISTED
SecureWorks Corp Class A Common Stock
SCWX
| $2.33M | ﹤0.01% |
315,699
-4,989
| -2% | -$30K |
|
2762
LENSAR
LNSR
$61.5M
| $2.32M | ﹤0.01% |
660,682
| – | – |
|
2763
FTAI Infrastructure
FIP
$441M
| $2.31M | ﹤0.01% |
592,815
+450,991
| +318% | +$1.58M |
|
2764
Ardagh Metal Packaging
AMBP
$2.83B
| $2.28M | ﹤0.01% |
595,046
+213,050
| +56% | +$741K |
|
2765
Insmed
INSM
$21.4B
| $2.26M | ﹤0.01% |
73,073
+954
| +1% | +$24.7K |
|
2766
Grupo Aeroportuario Centro Norte
OMAB
$5.16B
| $2.25M | ﹤0.01% |
26,541
+636
| +2% | +$44.9K |
|
2767
EVI Industries
EVI
$181M
| $2.24M | ﹤0.01% |
94,600
| – | – |
|
2768
Oportun Financial
OPRT
$255M
| $2.24M | ﹤0.01% |
573,249
+71,739
| +14% | +$306K |
|
|
GIFI
2769
DELISTED
Gulf Island Fabrication
GIFI
| $2.23M | ﹤0.01% |
516,023
-2,385
| -0.5% | -$9.64K |
|
|
DGICB
2770
Donegal Group Class B
DGICB
$830M
| $2.2M | ﹤0.01% |
165,787
| – | – |
|
2771
Sabesp
SBS
$19.1B
| $2.18M | ﹤0.01% |
734,278
-282,753
| -28% | -$718K |
|
2772
Vaxcyte
PCVX
$7.81B
| $2.16M | ﹤0.01% |
34,443
-6,276
| -15% | -$326K |
|
2773
Puma Biotechnology
PBYI
$404M
| $2.16M | ﹤0.01% |
497,722
+18,211
| +4% | +$60.3K |
|
|
MAGN
2774
Magnera Corp
MAGN
$472M
| $2.14M | ﹤0.01% |
84,968
-18,009
| -17% | -$379K |
|
|
EXK
2775
Endeavour Silver
EXK
$2.23B
| $2.14M | ﹤0.01% |
1,084,240
-74,503
| -6% | -$162K |
|
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.