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 | |
|---|---|---|---|---|---|---|
3226
Solid Power
SLDP
$463M
| $158K | ﹤0.01% |
109,221
-36,471
| -25% | -$54.6K |
|
3227
SelectQuote
SLQT
$128M
| $157K | ﹤0.01% |
114,277
| – | – |
|
3228
Harte-Hanks
HHS
$16.8M
| $156K | ﹤0.01% |
22,923
| – | – |
|
|
EGIO
3229
DELISTED
Edgio, Inc. Common Stock
EGIO
| $156K | ﹤0.01% |
11,355
-1,253
| -10% | -$30.9K |
|
3230
KLX Energy Services
KLXE
$44.4M
| $155K | ﹤0.01% |
13,734
| – | – |
|
3231
Dianthus Therapeutics
DNTH
$6.16B
| $153K | ﹤0.01% |
+14,736
| New | +$163K |
|
3232
Barnwell Industries
BRN
$13.9M
| $152K | ﹤0.01% |
62,447
+4,591
| +8% | +$11.4K |
|
3233
Backblaze
BLZE
$758M
| $151K | ﹤0.01% |
19,905
| – | – |
|
3234
Immunome
IMNM
$2.61B
| $150K | ﹤0.01% |
14,054
-1,379
| -9% | -$11.5K |
|
3235
QuickLogic
QUIK
$228M
| $150K | ﹤0.01% |
10,842
| – | – |
|
3236
US Gold Corp
USAU
$223M
| $149K | ﹤0.01% |
35,047
+639
| +2% | +$2.19K |
|
|
DALN
3237
DELISTED
DallasNews
DALN
| $149K | ﹤0.01% |
34,873
-9,301
| -21% | -$38.8K |
|
|
LNKB
3238
DELISTED
LINKBANCORP
LNKB
| $148K | ﹤0.01% |
+18,631
| New | +$123K |
|
|
HUT
3239
Hut 8
HUT
$12.2B
| $148K | ﹤0.01% |
11,110
-1
| -0% | -$11 |
|
3240
Tyra Biosciences
TYRA
$1.97B
| $147K | ﹤0.01% |
10,609
| – | – |
|
3241
Rhinebeck Bancorp
RBKB
$195M
| $146K | ﹤0.01% |
18,185
+4,552
| +33% | +$30.2K |
|
3242
Champions Oncology
CSBR
$73.1M
| $145K | ﹤0.01% |
26,839
-32,241
| -55% | -$180K |
|
|
ADVM
3243
DELISTED
Adverum Biotechnologies
ADVM
| $142K | ﹤0.01% |
18,860
-10,387
| -36% | -$94.8K |
|
3244
Lightbridge
LTBR
$277M
| $138K | ﹤0.01% |
43,042
-2,225
| -5% | -$8.86K |
|
3245
Monte Rosa Therapeutics
GLUE
$1.92B
| $137K | ﹤0.01% |
24,313
-12,971
| -35% | -$50.9K |
|
3246
Smith Micro Software
SMSI
$13.9M
| $136K | ﹤0.01% |
4,113
-271
| -6% | -$10.1K |
|
3247
IRIDEX
IRIX
$14.5M
| $136K | ﹤0.01% |
48,327
-30,441
| -39% | -$79.9K |
|
3248
Dave Inc
DAVE
$4.8B
| $135K | ﹤0.01% |
+16,079
| New | +$100K |
|
3249
US Global Investors
GROW
$35.8M
| $134K | ﹤0.01% |
47,672
-2,530
| -5% | -$7.18K |
|
|
LEV
3250
DELISTED
The Lion Electric Company
LEV
| $133K | ﹤0.01% |
75,230
| – | – |
|
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.