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 | |
|---|---|---|---|---|---|---|
3176
Pathfinder Bancorp
PBHC
$102M
| $228K | ﹤0.01% |
16,497
| – | – |
|
|
KWY
3177
Kingsway Corp
KWY
$256M
| $228K | ﹤0.01% |
27,095
| – | – |
|
3178
Oric Pharmaceuticals
ORIC
$1.2B
| $227K | ﹤0.01% |
24,676
-16
| -0.1% | -$116 |
|
3179
Personalis
PSNL
$1.31B
| $226K | ﹤0.01% |
107,562
-109,776
| -51% | -$142K |
|
3180
Adtran
ADTN
$682M
| $226K | ﹤0.01% |
30,723
-41,390
| -57% | -$273K |
|
3181
Viridian Therapeutics
VRDN
$2.2B
| $219K | ﹤0.01% |
10,070
| – | – |
|
|
TOUR
3182
Tuniu
TOUR
$54.2M
| $219K | ﹤0.01% |
32,163
-2,286
| -7% | -$20.1K |
|
3183
FuboTV Inc
FUBO
$253M
| $216K | ﹤0.01% |
5,661
+271
| +5% | +$9.38K |
|
3184
First National Corp
FXNC
$286M
| $215K | ﹤0.01% |
+9,877
| New | +$189K |
|
|
CMCT
3185
Creative Media & Community Trust
CMCT
$10.1M
| $214K | ﹤0.01% |
2
| – | – |
|
3186
Acumen Pharmaceuticals
ABOS
$157M
| $214K | ﹤0.01% |
55,791
-19,811
| -26% | -$58.8K |
|
3187
Root
ROOT
$919M
| $212K | ﹤0.01% |
20,268
+1,778
| +10% | +$17.6K |
|
3188
PDS Biotechnology
PDSB
$39.1M
| $210K | ﹤0.01% |
42,164
-1,978
| -4% | -$9.83K |
|
3189
Annovis Bio
ANVS
$75.3M
| $207K | ﹤0.01% |
11,095
-11,491
| -51% | -$102K |
|
3190
Bank Of The James
BOTJ
$125M
| $207K | ﹤0.01% |
17,244
| – | – |
|
3191
Ouster
OUST
$2.39B
| $204K | ﹤0.01% |
+26,587
| New | +$139K |
|
3192
Kingstone Companies
KINS
$293M
| $203K | ﹤0.01% |
95,036
-8,064
| -8% | -$17.8K |
|
|
ZYXI
3193
DELISTED
Zynex
ZYXI
| $201K | ﹤0.01% |
18,426
+5
| +0% | +$45 |
|
|
ATYR
3194
aTyr Pharma
ATYR
$47.1M
| $201K | ﹤0.01% |
142,248
-94,201
| -40% | -$121K |
|
3195
Avalon Holdings
AWX
$9.87M
| $200K | ﹤0.01% |
83,772
-2,858
| -3% | -$5.85K |
|
3196
Zedge
ZDGE
$38.8M
| $200K | ﹤0.01% |
85,083
| – | – |
|
3197
Gevo
GEVO
$372M
| $199K | ﹤0.01% |
171,407
| – | – |
|
|
LBPH
3198
DELISTED
Longboard Pharmaceuticals, Inc. Common Stock
LBPH
| $198K | ﹤0.01% |
32,747
+20,359
| +164% | +$101K |
|
3199
Willamette Valley Vineyards
WVVI
$13.3M
| $198K | ﹤0.01% |
37,324
-1,581
| -4% | -$8.48K |
|
3200
Cricut
CRCT
$976M
| $197K | ﹤0.01% |
29,896
+11,883
| +66% | +$91.4K |
|
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.