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 | |
|---|---|---|---|---|---|---|
|
TWOU
3001
DELISTED
2U Inc
TWOU
| $653K | ﹤0.01% |
17,689
-10,829
| -38% | -$529K |
|
3002
Codexis
CDXS
$151M
| $644K | ﹤0.01% |
210,817
+55,832
| +36% | +$120K |
|
3003
Cumberland Pharmaceuticals
CPIX
$97.7M
| $637K | ﹤0.01% |
365,934
-13,786
| -4% | -$25.3K |
|
3004
HighPeak Energy
HPK
$879M
| $630K | ﹤0.01% |
44,271
+17,564
| +66% | +$278K |
|
3005
LGL Group
LGL
$45.5M
| $626K | ﹤0.01% |
101,906
| – | – |
|
|
GORV
3006
DELISTED
Lazydays
GORV
| $622K | ﹤0.01% |
2,943
-155
| -5% | -$32.3K |
|
3007
Affinity Bancshares
AFBI
$140M
| $620K | ﹤0.01% |
38,838
+1,278
| +3% | +$18.9K |
|
3008
Bluerock Homes Trust
BHM
$35.4M
| $616K | ﹤0.01% |
44,063
| – | – |
|
3009
United-Guardian
UG
$33.8M
| $613K | ﹤0.01% |
85,138
-3,616
| -4% | -$26.4K |
|
3010
Rocky Mountain Chocolate Factory
RMCF
$8.25M
| $609K | ﹤0.01% |
132,614
-1,731
| -1% | -$7.39K |
|
|
SFBC
3011
Sound Financial Bancorp
SFBC
$108M
| $600K | ﹤0.01% |
15,373
+538
| +4% | +$19.9K |
|
3012
Melco Resorts & Entertainment
MLCO
$2.25B
| $598K | ﹤0.01% |
67,428
-190
| -0.3% | -$1.55K |
|
3013
HF Foods Group
HFFG
$80.2M
| $595K | ﹤0.01% |
111,428
+45,822
| +70% | +$208K |
|
3014
Tango Therapeutics
TNGX
$4.39B
| $593K | ﹤0.01% |
59,914
| – | – |
|
|
LYRA
3015
DELISTED
LYRA THERAPEUTICS INC
LYRA
| $590K | ﹤0.01% |
2,253
+1,688
| +299% | +$305K |
|
3016
John Wiley & Sons Class B
WLYB
$2.71B
| $589K | ﹤0.01% |
18,324
-2,670
| -13% | -$82.9K |
|
3017
Baytex Energy
BTE
$3.22B
| $587K | ﹤0.01% |
176,897
-425
| -0.2% | -$1.65K |
|
3018
American Coastal Insurance
ACIC
$514M
| $582K | ﹤0.01% |
61,504
+26,754
| +77% | +$215K |
|
3019
Cabaletta Bio
CABA
$427M
| $576K | ﹤0.01% |
25,375
-53,330
| -68% | -$897K |
|
3020
Sundial Growers
SNDL
$320M
| $576K | ﹤0.01% |
351,086
| – | – |
|
3021
First Capital
FCAP
$213M
| $564K | ﹤0.01% |
20,660
+622
| +3% | +$16.3K |
|
3022
Arq
ARQ
$85M
| $562K | ﹤0.01% |
188,516
-7,924
| -4% | -$17.7K |
|
3023
Reservoir Media
RSVR
$690M
| $558K | ﹤0.01% |
78,210
+31,587
| +68% | +$192K |
|
3024
NovoCure
NVCR
$1.77B
| $557K | ﹤0.01% |
37,211
+2,439
| +7% | +$32.6K |
|
3025
BK Technologies
BKTI
$300M
| $556K | ﹤0.01% |
45,495
+2,509
| +6% | +$32.4K |
|
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.