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 |
Apple
AAPL
|
+$7.29B |
| 2 |
Microsoft
MSFT
|
+$5.85B |
| 3 |
ExxonMobil
XOM
|
+$3.33B |
| 4 |
JPMorgan Chase
JPM
|
+$2.72B |
| 5 |
Amazon
AMZN
|
+$2.17B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.83% |
| 2 | Financials | 16.14% |
| 3 | Industrials | 13.4% |
| 4 | Healthcare | 11.06% |
| 5 | Consumer Discretionary | 10.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
UnitedHealth
UNH
$344B
| $1.12B | 0.38% |
+2,375,667
| New | +$1.15B |
|
27
NVIDIA
NVDA
$5.09T
| $1.11B | 0.37% |
+40,023,760
| New | +$866M |
|
28
Eli Lilly
LLY
$1.01T
| $1.1B | 0.37% |
+3,215,865
| New | +$1.08B |
|
29
PepsiCo
PEP
$186B
| $1.1B | 0.37% |
+6,031,720
| New | +$1.05B |
|
30
Bank of America
BAC
$416B
| $1.01B | 0.34% |
+35,405,057
| New | +$1.17B |
|
31
Merck
MRK
$357B
| $1.01B | 0.34% |
+9,503,291
| New | +$1.03B |
|
32
AT&T
T
$182B
| $1.01B | 0.34% |
+52,363,445
| New | +$1B |
|
33
Walmart Inc
WMT
$865B
| $1.01B | 0.34% |
+20,468,748
| New | +$971M |
|
34
Tesla
TSLA
$1.42T
| $956M | 0.32% |
+4,611,578
| New | +$804M |
|
35
Elevance Health
ELV
$92B
| $920M | 0.31% |
+2,000,229
| New | +$952M |
|
36
Equinix
EQIX
$98.5B
| $918M | 0.31% |
+1,272,855
| New | +$896M |
|
37
Bristol-Myers Squibb
BMY
$131B
| $907M | 0.31% |
+13,088,594
| New | +$923M |
|
38
Intel
INTC
$514B
| $899M | 0.3% |
+27,515,639
| New | +$780M |
|
39
Morgan Stanley
MS
$324B
| $873M | 0.29% |
+9,947,476
| New | +$928M |
|
40
Coca-Cola
KO
$384B
| $855M | 0.29% |
+13,777,482
| New | +$834M |
|
41
Costco
COST
$408B
| $817M | 0.28% |
+1,644,827
| New | +$807M |
|
42
Linde
LIN
$214B
| $797M | 0.27% |
+2,242,270
| New | +$751M |
|
43
Danaher
DHR
$143B
| $781M | 0.26% |
+3,497,065
| New | +$796M |
|
44
Crown Castle
CCI
$31.6B
| $777M | 0.26% |
+5,801,771
| New | +$802M |
|
45
Texas Instruments
TXN
$241B
| $754M | 0.25% |
+4,055,002
| New | +$713M |
|
46
Nucor
NUE
$57.8B
| $753M | 0.25% |
+4,876,336
| New | +$776M |
|
47
CVS Health
CVS
$122B
| $752M | 0.25% |
+10,114,816
| New | +$848M |
|
48
Gilead Sciences
GILD
$182B
| $748M | 0.25% |
+9,019,293
| New | +$747M |
|
49
Goldman Sachs
GS
$288B
| $746M | 0.25% |
+2,279,691
| New | +$794M |
|
50
Marathon Petroleum
MPC
$111B
| $745M | 0.25% |
+5,524,270
| New | +$691M |
|
Similar funds
Dimensional Fund Advisors's Q1 2023 Portfolio in Review
As of Q1 2023, Dimensional Fund Advisors held 3,461 positions worth $297B. Its ten largest holdings account for 11% of the portfolio.
Dimensional Fund Advisors deployed $299B of net new capital in Q1 2023, opening 3,459 new positions. Its largest new stake was Apple: 49,402,226 shares worth $8.15B.
By sector, the portfolio is most concentrated in Technology at 17% of assets, followed by Financials and Industrials.
- Dimensional Fund Advisors's largest Q1 2023 buy was Apple: 49,402,226 shares worth $8.15B.
- Dimensional Fund Advisors's ten largest holdings make up 11% of its $297B portfolio in Q1 2023.
- Dimensional Fund Advisors opened 3,459 new positions and closed 0 in Q1 2023.
Based on Dimensional Fund Advisors's 13F filing for Q1 2023, filed 12 May 2023.