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 | |
|---|---|---|---|---|---|---|
576
WSFS Financial
WSFS
$4.2B
| $134M | 0.04% |
3,679,627
+30,465
| +0.8% | +$1.22M |
|
577
Primerica
PRI
$10B
| $133M | 0.04% |
687,578
-60,085
| -8% | -$12.3M |
|
578
Hershey
HSY
$37.2B
| $133M | 0.04% |
666,054
+13,062
| +2% | +$2.92M |
|
579
Trip.com Group
TCOM
$28.5B
| $133M | 0.04% |
3,807,034
-127,667
| -3% | -$4.8M |
|
580
Willis Towers Watson
WTW
$29.9B
| $133M | 0.04% |
636,159
+42,745
| +7% | +$9.12M |
|
581
Marriott Vacations Worldwide
VAC
$3.52B
| $133M | 0.04% |
1,320,844
+36,063
| +3% | +$4.11M |
|
582
Omnicom Group
OMC
$24.6B
| $132M | 0.04% |
1,777,664
-32,064
| -2% | -$2.64M |
|
|
K
583
DELISTED
Kellanova
K
| $132M | 0.04% |
2,368,753
-235,288
| -9% | -$14M |
|
584
CBIZ
CBZ
$2.51B
| $132M | 0.04% |
2,544,969
-309,398
| -11% | -$16.7M |
|
585
Archrock
AROC
$6.19B
| $132M | 0.04% |
10,479,204
+89,455
| +0.9% | +$1.07M |
|
586
WaFd
WAFD
$2.71B
| $132M | 0.04% |
5,138,202
+66,507
| +1% | +$1.86M |
|
|
SKX
587
DELISTED
Skechers
SKX
| $132M | 0.04% |
2,687,861
-597,128
| -18% | -$30.5M |
|
588
Motorola Solutions
MSI
$73.1B
| $131M | 0.04% |
482,907
+10,492
| +2% | +$2.99M |
|
589
Molina Healthcare
MOH
$10.5B
| $131M | 0.04% |
400,880
-39,638
| -9% | -$12.5M |
|
|
CPE
590
DELISTED
Callon Petroleum Company
CPE
| $131M | 0.04% |
3,357,199
+117,527
| +4% | +$4.34M |
|
591
Diodes
DIOD
$3.69B
| $131M | 0.04% |
1,665,357
-52,769
| -3% | -$4.43M |
|
592
Boston Properties
BXP
$11.2B
| $131M | 0.04% |
2,206,805
+44,168
| +2% | +$2.83M |
|
593
Whirlpool
WHR
$2.49B
| $131M | 0.04% |
981,179
-235,734
| -19% | -$33.3M |
|
|
TGH
594
DELISTED
Textainer Group Holdings limited
TGH
| $131M | 0.04% |
3,508,534
-80,251
| -2% | -$3.21M |
|
595
Weis Markets
WMK
$1.9B
| $131M | 0.04% |
2,071,543
+32,752
| +2% | +$2.14M |
|
596
Dana Inc
DAN
$2.95B
| $130M | 0.04% |
8,868,051
+79,356
| +0.9% | +$1.32M |
|
|
COOP
597
DELISTED
Mr. Cooper
COOP
| $130M | 0.04% |
2,427,898
-4,208
| -0.2% | -$231K |
|
|
SF
598
Stifel
SF
$12.8B
| $130M | 0.04% |
3,172,166
+214,998
| +7% | +$9.06M |
|
599
Synopsys
SNPS
$73.5B
| $129M | 0.04% |
281,768
-8,626
| -3% | -$3.86M |
|
600
Darden Restaurants
DRI
$23.7B
| $129M | 0.04% |
902,806
+51,507
| +6% | +$8.17M |
|
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.