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 | |
|---|---|---|---|---|---|---|
|
ICVX
3026
DELISTED
Icosavax, Inc. Common Stock
ICVX
| $554K | ﹤0.01% |
35,129
| – | – |
|
|
TSRI
3027
DELISTED
TSR Inc. New
TSRI
| $553K | ﹤0.01% |
61,417
+998
| +2% | +$8.61K |
|
3028
Canadian Solar
CSIQ
$1B
| $552K | ﹤0.01% |
21,028
+1,156
| +6% | +$25.5K |
|
3029
TIM SA
TIMB
$9.19B
| $549K | ﹤0.01% |
29,694
+164
| +0.6% | +$2.75K |
|
|
TRML
3030
DELISTED
Tourmaline Bio
TRML
| $546K | ﹤0.01% |
20,868
-6,409
| -23% | -$128K |
|
|
TRT
3031
Trio-Tech International
TRT
$102M
| $542K | ﹤0.01% |
213,976
+30,894
| +17% | +$91.8K |
|
3032
Perma-Fix Environmental Services
PESI
$348M
| $541K | ﹤0.01% |
68,862
-7,785
| -10% | -$65.8K |
|
3033
AbCellera Biologics
ABCL
$1.7B
| $540K | ﹤0.01% |
94,567
+5,192
| +6% | +$24.1K |
|
3034
iHeartMedia
IHRT
$535M
| $537K | ﹤0.01% |
201,414
-497,639
| -71% | -$1.26M |
|
3035
USCB Financial Holdings
USCB
$399M
| $534K | ﹤0.01% |
43,562
+13,227
| +44% | +$151K |
|
3036
Lindblad Expeditions
LIND
$1.92B
| $526K | ﹤0.01% |
46,678
+18,769
| +67% | +$145K |
|
3037
Shattuck Labs
STTK
$690M
| $526K | ﹤0.01% |
73,667
-2,678
| -4% | -$7.31K |
|
3038
Genasys
GNSS
$77.4M
| $525K | ﹤0.01% |
258,856
-72,793
| -22% | -$129K |
|
3039
Taylor Devices
TAYD
$167M
| $520K | ﹤0.01% |
23,542
+1,769
| +8% | +$39.7K |
|
3040
BioAtla
BCAB
$5.49M
| $518K | ﹤0.01% |
4,215
-969
| -19% | -$84K |
|
3041
Airgain
AIRG
$73.5M
| $514K | ﹤0.01% |
144,384
-7,398
| -5% | -$23.3K |
|
|
TERN
3042
DELISTED
Terns Pharmaceuticals
TERN
| $506K | ﹤0.01% |
77,825
-10,887
| -12% | -$57.6K |
|
3043
Travere Therapeutics
TVTX
$5.21B
| $503K | ﹤0.01% |
55,979
+27
| +0% | +$197 |
|
|
AKRO
3044
DELISTED
Akero Therapeutics
AKRO
| $489K | ﹤0.01% |
20,943
-81,477
| -80% | -$1.61M |
|
|
AY
3045
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $488K | ﹤0.01% |
22,720
-762,597
| -97% | -$14.5M |
|
3046
Woori Financial
WF
$16.9B
| $486K | ﹤0.01% |
16,063
+1,213
| +8% | +$34.9K |
|
3047
Smart Sand
SND
$183M
| $485K | ﹤0.01% |
251,430
+134,192
| +114% | +$273K |
|
3048
Nextpower Inc
NXT
$13.9B
| $476K | ﹤0.01% |
10,159
+168
| +2% | +$6.58K |
|
|
XOMA
3049
DELISTED
Xoma
XOMA
| $472K | ﹤0.01% |
25,516
-2,860
| -10% | -$47.1K |
|
|
SHCO
3050
DELISTED
Soho House & Co
SHCO
| $471K | ﹤0.01% |
66,095
+20,050
| +44% | +$141K |
|
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.