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 | |
|---|---|---|---|---|---|---|
51
Accenture
ACN
$119B
| $744M | 0.25% |
+2,602,875
| New | +$710M |
|
52
Wells Fargo
WFC
$268B
| $742M | 0.25% |
+19,850,088
| New | +$865M |
|
53
Walt Disney
DIS
$188B
| $737M | 0.25% |
+7,364,379
| New | +$742M |
|
54
Cisco
CSCO
$434B
| $712M | 0.24% |
+13,622,442
| New | +$665M |
|
55
Qualcomm
QCOM
$192B
| $689M | 0.23% |
+5,399,518
| New | +$671M |
|
56
Cigna
CI
$76.6B
| $680M | 0.23% |
+2,662,813
| New | +$776M |
|
57
Public Storage
PSA
$55.2B
| $652M | 0.22% |
+2,157,158
| New | +$634M |
|
58
Steel Dynamics
STLD
$33.6B
| $649M | 0.22% |
+5,744,956
| New | +$668M |
|
59
RTX Corp
RTX
$263B
| $638M | 0.22% |
+6,517,688
| New | +$642M |
|
60
United Parcel Service
UPS
$87.2B
| $636M | 0.21% |
+3,277,974
| New | +$601M |
|
61
Union Pacific
UNP
$169B
| $614M | 0.21% |
+3,051,355
| New | +$618M |
|
62
T-Mobile US
TMUS
$196B
| $593M | 0.2% |
+4,095,443
| New | +$593M |
|
63
Kroger
KR
$36.3B
| $579M | 0.2% |
+11,733,282
| New | +$536M |
|
64
Micron Technology
MU
$1.04T
| $574M | 0.19% |
+9,502,220
| New | +$557M |
|
65
D.R. Horton
DHI
$39B
| $573M | 0.19% |
+5,866,001
| New | +$559M |
|
66
Caterpillar
CAT
$360B
| $572M | 0.19% |
+2,499,429
| New | +$604M |
|
67
Novartis
NVS
$264B
| $568M | 0.19% |
+6,173,671
| New | +$539M |
|
68
IBM
IBM
$235B
| $568M | 0.19% |
+4,331,077
| New | +$579M |
|
69
Amgen
AMGN
$206B
| $567M | 0.19% |
+2,344,709
| New | +$576M |
|
70
Oracle
ORCL
$417B
| $561M | 0.19% |
+6,036,560
| New | +$529M |
|
71
Deere & Co
DE
$184B
| $557M | 0.19% |
+1,348,271
| New | +$558M |
|
72
Realty Income
O
$56.1B
| $551M | 0.19% |
+8,704,780
| New | +$564M |
|
73
Reliance Steel & Aluminium
RS
$19.6B
| $550M | 0.19% |
+2,140,850
| New | +$504M |
|
74
Salesforce
CRM
$214B
| $542M | 0.18% |
+2,715,334
| New | +$459M |
|
75
Mondelez International
MDLZ
$79.6B
| $539M | 0.18% |
+7,732,303
| New | +$512M |
|
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.