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 | |
|---|---|---|---|---|---|---|
3101
Lee Enterprises
LEE
$170M
| $352K | ﹤0.01% |
44,717
-7,341
| -14% | -$70.6K |
|
|
WMPN
3102
DELISTED
William Penn Bancorporation Common Stock
WMPN
| $344K | ﹤0.01% |
28,185
| – | – |
|
3103
Compañía de Cervecerías Unidas
CCU
$2.16B
| $342K | ﹤0.01% |
27,302
-18,252
| -40% | -$221K |
|
3104
ProFrac Holding
ACDC
$671M
| $341K | ﹤0.01% |
+40,165
| New | +$352K |
|
3105
Flotek Industries
FTK
$847M
| $340K | ﹤0.01% |
86,814
+2
| +0% | +$8 |
|
3106
Cytokinetics
CYTK
$10.9B
| $339K | ﹤0.01% |
+4,062
| New | +$147K |
|
|
JBIO
3107
Jade Biosciences
JBIO
$1.22B
| $339K | ﹤0.01% |
427
-160
| -27% | -$81.5K |
|
3108
Choiceone Financial
COFS
$506M
| $335K | ﹤0.01% |
11,394
| – | – |
|
3109
SkinHealth Systems
SKIN
$87.6M
| $334K | ﹤0.01% |
107,543
-209,976
| -66% | -$788K |
|
3110
Tucows
TCX
$108M
| $334K | ﹤0.01% |
12,358
-2,530
| -17% | -$53.8K |
|
3111
Neuronetics
STIM
$137M
| $332K | ﹤0.01% |
114,652
+40,239
| +54% | +$63.5K |
|
|
NXDR
3112
Nextdoor Holdings
NXDR
$858M
| $331K | ﹤0.01% |
175,182
-30,478
| -15% | -$53.8K |
|
3113
Tenaya Therapeutics
TNYA
$163M
| $331K | ﹤0.01% |
102,035
-72,730
| -42% | -$157K |
|
|
IGMS
3114
DELISTED
IGM Biosciences
IGMS
| $328K | ﹤0.01% |
39,453
-720
| -2% | -$4.18K |
|
|
BASE
3115
DELISTED
Couchbase
BASE
| $324K | ﹤0.01% |
14,373
| – | – |
|
|
API
3116
Agora
API
$337M
| $323K | ﹤0.01% |
122,948
+34,870
| +40% | +$97.4K |
|
|
RPTX
3117
DELISTED
Repare Therapeutics
RPTX
| $322K | ﹤0.01% |
44,067
-7,168
| -14% | -$40.1K |
|
3118
Verastem
VSTM
$536M
| $321K | ﹤0.01% |
39,423
+1,268
| +3% | +$9.11K |
|
3119
McEwen Inc
MUX
$1.06B
| $319K | ﹤0.01% |
44,303
-6
| -0% | -$43 |
|
|
MRNS
3120
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $317K | ﹤0.01% |
29,201
-2,888
| -9% | -$21.6K |
|
3121
CB Financial Services
CBFV
$191M
| $317K | ﹤0.01% |
13,295
+1,788
| +16% | +$39.5K |
|
3122
Ubiquiti
UI
$32.3B
| $317K | ﹤0.01% |
2,269
-13,919
| -86% | -$1.7M |
|
3123
Lake Shore Bancorp
LSBK
$135M
| $315K | ﹤0.01% |
26,938
| – | – |
|
3124
First US Bancshares
FUSB
$93M
| $314K | ﹤0.01% |
29,597
| – | – |
|
|
SGMO
3125
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $313K | ﹤0.01% |
575,065
-228,826
| -28% | -$105K |
|
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.