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 | |
|---|---|---|---|---|---|---|
|
JBIO
3151
Jade Biosciences
JBIO
$1.2B
| $279K | ﹤0.01% |
587
-128
| -18% | -$69.3K |
|
|
EXTO
3152
DELISTED
Almacenes Exito S.A
EXTO
| $278K | ﹤0.01% |
+50,708
| New | +$279K |
|
3153
Sana Biotechnology
SANA
$916M
| $278K | ﹤0.01% |
71,596
+44
| +0.1% | +$236 |
|
3154
Atea Pharmaceuticals
AVIR
$361M
| $277K | ﹤0.01% |
92,351
| – | – |
|
3155
Lake Shore Bancorp
LSBK
$135M
| $276K | ﹤0.01% |
26,938
+4
| +0% | +$42 |
|
|
ICVX
3156
DELISTED
Icosavax, Inc. Common Stock
ICVX
| $272K | ﹤0.01% |
35,129
+25,020
| +248% | +$207K |
|
3157
Smart Sand
SND
$178M
| $272K | ﹤0.01% |
117,238
+76,320
| +187% | +$151K |
|
3158
First Guaranty Bancshares
FGBI
$159M
| $269K | ﹤0.01% |
24,492
-661
| -3% | -$7.76K |
|
3159
Milestone Pharmaceuticals
MIST
$133M
| $269K | ﹤0.01% |
86,839
-93,148
| -52% | -$290K |
|
3160
Traeger
COOK
$164M
| $269K | ﹤0.01% |
1,970
-129
| -6% | -$27.4K |
|
3161
Natural Health Trends
NHTC
$15.6M
| $265K | ﹤0.01% |
49,554
-1,179
| -2% | -$6.41K |
|
3162
Biote Corp
BTMD
$67.9M
| $264K | ﹤0.01% |
+51,489
| New | +$303K |
|
|
GRTS
3163
DELISTED
Gritstone bio, Inc. Common Stock
GRTS
| $263K | ﹤0.01% |
153,100
-51,368
| -25% | -$91.2K |
|
3164
Personalis
PSNL
$1.27B
| $263K | ﹤0.01% |
217,338
-111,155
| -34% | -$199K |
|
3165
HF Foods Group
HFFG
$84M
| $260K | ﹤0.01% |
65,606
| – | – |
|
3166
Zevra Therapeutics
ZVRA
$575M
| $260K | ﹤0.01% |
53,890
+8
| +0% | +$40 |
|
3167
Gray Media Inc
GTN.A
$670M
| $259K | ﹤0.01% |
34,467
-16,402
| -32% | -$146K |
|
3168
ReposiTrak
TRAK
$159M
| $259K | ﹤0.01% |
29,517
+4
| +0% | +$37 |
|
|
MRNS
3169
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $258K | ﹤0.01% |
32,089
| – | – |
|
3170
Grab
GRAB
$14.1B
| $257K | ﹤0.01% |
72,701
-117,311
| -62% | -$419K |
|
3171
Telos
TLS
$344M
| $256K | ﹤0.01% |
107,236
-16,804
| -14% | -$38.6K |
|
3172
American Coastal Insurance
ACIC
$526M
| $256K | ﹤0.01% |
34,750
+11,234
| +48% | +$72.7K |
|
|
ABCM
3173
DELISTED
Abcam PLC
ABCM
| $256K | ﹤0.01% |
11,301
| – | – |
|
|
SWKH
3174
DELISTED
SWK Holdings
SWKH
| $255K | ﹤0.01% |
20,466
-7
| -0% | -$89 |
|
|
SAND
3175
DELISTED
Sandstorm Gold
SAND
| $255K | ﹤0.01% |
54,512
-17,313
| -24% | -$90.9K |
|
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.