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 |
Prologis
PLD
|
+$275M |
| 2 |
U-Haul Holding Co Series N
UHAL.B
|
+$252M |
| 3 |
Apple
AAPL
|
+$127M |
| 4 |
FLG
Flagstar Bank National Association
FLG
|
+$122M |
| 5 |
Shell
SHEL
|
+$110M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DRE
Duke Realty Corp.
DRE
|
+$260M |
| 2 |
U-Haul Holding Co
UHAL
|
+$257M |
| 3 |
Walmart Inc
WMT
|
+$158M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$154M |
| 5 |
Antero Resources
AR
|
+$153M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.11% |
| 2 | Technology | 12.45% |
| 3 | Industrials | 10.99% |
| 4 | Healthcare | 9.96% |
| 5 | Consumer Discretionary | 8.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
751
Gentex
GNTX
$4.97B
| $103K | 0.03% |
3,763,852
+45,929
| +1% | +$1.23M |
|
752
Waters Corp
WAT
$37B
| $103K | 0.03% |
299,389
+3,463
| +1% | +$1.1M |
|
753
Exponent
EXPO
$3.24B
| $102K | 0.03% |
1,034,330
+8,035
| +0.8% | +$781K |
|
754
First Interstate BancSystem
FIBK
$3.69B
| $102K | 0.03% |
2,649,048
-162,827
| -6% | -$6.89M |
|
755
Dycom Industries
DY
$12B
| $102K | 0.03% |
1,093,083
-178,361
| -14% | -$18M |
|
756
American Eagle Outfitters
AEO
$2.88B
| $102K | 0.03% |
7,317,591
+990,460
| +16% | +$12.7M |
|
|
FRC
757
DELISTED
First Republic Bank
FRC
| $102K | 0.03% |
837,056
+100,287
| +14% | +$12.2M |
|
758
Valvoline
VVV
$4.9B
| $102K | 0.03% |
3,119,673
-79,460
| -2% | -$2.4M |
|
759
Canadian National Railway
CNI
$76.9B
| $102K | 0.03% |
855,953
+37,521
| +5% | +$4.48M |
|
760
Mine Safety
MSA
$7.35B
| $102K | 0.03% |
705,601
+11,381
| +2% | +$1.49M |
|
761
Toronto Dominion Bank
TD
$198B
| $102K | 0.03% |
1,570,698
+87,143
| +6% | +$5.63M |
|
762
MYR Group
MYRG
$5.19B
| $102K | 0.03% |
1,103,678
-26,664
| -2% | -$2.42M |
|
|
HTLF
763
DELISTED
Heartland Financial USA, Inc.
HTLF
| $102K | 0.03% |
2,178,085
+124,180
| +6% | +$5.87M |
|
764
Sonic Automotive
SAH
$2.89B
| $102K | 0.03% |
2,060,645
+108,235
| +6% | +$5.18M |
|
765
Yum! Brands
YUM
$42.2B
| $101K | 0.03% |
791,899
+18,214
| +2% | +$2.21M |
|
766
McCormick & Company Non-Voting
MKC
$13.7B
| $101K | 0.03% |
1,222,652
-47,526
| -4% | -$3.83M |
|
767
Cleveland-Cliffs
CLF
$6.57B
| $101K | 0.03% |
6,286,948
-63,649
| -1% | -$959K |
|
768
Apollo Global Management
APO
$72.4B
| $101K | 0.03% |
1,587,676
-366,126
| -19% | -$21.7M |
|
769
Kennametal
KMT
$2.59B
| $101K | 0.03% |
4,206,742
+338,486
| +9% | +$8.38M |
|
770
Aaon
AAON
$7.3B
| $101K | 0.03% |
2,015,307
+6,567
| +0.3% | +$306K |
|
771
Exelon
EXC
$46.9B
| $101K | 0.03% |
2,340,682
+56,968
| +2% | +$2.25M |
|
772
Healthcare Realty
HR
$7.28B
| $101K | 0.03% |
5,240,365
+5,826
| +0.1% | +$114K |
|
773
Lattice Semiconductor
LSCC
$17.6B
| $100K | 0.03% |
1,543,301
-177,112
| -10% | -$10.7M |
|
|
CHX
774
DELISTED
ChampionX
CHX
| $99.9K | 0.03% |
3,447,191
-163,903
| -5% | -$4.52M |
|
775
Eversource Energy
ES
$26.9B
| $99.5K | 0.03% |
1,186,483
-5,463
| -0.5% | -$433K |
|
Similar funds
Dimensional Fund Advisors's Q4 2022 Portfolio in Review
As of Q4 2022, Dimensional Fund Advisors held 3,580 positions worth $338M, down 100% from $260B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Dimensional Fund Advisors withdrew a net $2.24B in Q4 2022, closing 89 positions and reducing 1,331 holdings. Its most notable exit was Duke Realty Corp., an estimated $260M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 18% a quarter earlier, followed by Technology and Industrials.
Against the trend, Dimensional Fund Advisors opened a new position in U-Haul Holding Co Series N worth $239K.
- Dimensional Fund Advisors's largest Q4 2022 buy was U-Haul Holding Co Series N: 4,345,763 shares worth $239K.
- Dimensional Fund Advisors added most to Prologis in Q4 2022, an estimated $275M increase.
- Dimensional Fund Advisors's biggest Q4 2022 reduction was U-Haul Holding Co, cutting an estimated $257M.
- Dimensional Fund Advisors fully exited Duke Realty Corp. in Q4 2022, selling an estimated $260M.
- Dimensional Fund Advisors's ten largest holdings make up 20% of its $338M portfolio in Q4 2022.
- Dimensional Fund Advisors opened 92 new positions and closed 89 in Q4 2022.
- Dimensional Fund Advisors's portfolio value fell 100% quarter-over-quarter to $338M.
Based on Dimensional Fund Advisors's 13F filing for Q4 2022, filed 9 Feb 2023.