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 | |
|---|---|---|---|---|---|---|
1026
Cohen & Steers
CNS
$4.23B
| $86.4M | 0.03% |
1,140,859
+27,513
| +2% | +$1.66M |
|
1027
Rogers Corp
ROG
$2.21B
| $86.3M | 0.03% |
653,201
+43,086
| +7% | +$5.52M |
|
1028
KBR
KBR
$4.62B
| $86.2M | 0.03% |
1,556,530
-142,999
| -8% | -$7.89M |
|
1029
Fluor
FLR
$7.01B
| $86.2M | 0.03% |
2,201,588
-306,656
| -12% | -$11.3M |
|
1030
Bruker
BRKR
$9.57B
| $86M | 0.03% |
1,170,777
-21,409
| -2% | -$1.37M |
|
1031
IPG Photonics
IPGP
$3.61B
| $85.7M | 0.03% |
789,991
+8,445
| +1% | +$818K |
|
1032
Cullen/Frost Bankers
CFR
$10.3B
| $85.5M | 0.03% |
787,599
+131,726
| +20% | +$12.8M |
|
1033
Enterprise Financial Services Corp
EFSC
$2.4B
| $85.4M | 0.02% |
1,912,329
+99,703
| +6% | +$3.9M |
|
1034
Silicon Laboratories
SLAB
$7.17B
| $84.9M | 0.02% |
641,710
+28,759
| +5% | +$3.15M |
|
1035
Seacoast Banking Corp of Florida
SBCF
$3.36B
| $84.8M | 0.02% |
2,980,072
+310,499
| +12% | +$7.3M |
|
1036
LiveRamp
RAMP
$2.3B
| $84.8M | 0.02% |
2,238,534
+21,705
| +1% | +$697K |
|
1037
Federal Agricultural Mortgage
AGM
$2.47B
| $84.8M | 0.02% |
443,369
-6,184
| -1% | -$1.01M |
|
1038
Morningstar
MORN
$7.22B
| $84.7M | 0.02% |
296,015
+163
| +0.1% | +$42.5K |
|
1039
Enbridge
ENB
$119B
| $84.6M | 0.02% |
2,348,064
+72,129
| +3% | +$2.43M |
|
|
KW
1040
DELISTED
Kennedy-Wilson Holdings
KW
| $84.3M | 0.02% |
6,812,986
-103,433
| -1% | -$1.3M |
|
1041
MSC Industrial Direct
MSM
$6.89B
| $84M | 0.02% |
829,779
+32,312
| +4% | +$3.2M |
|
|
MZTI
1042
The Marzetti Company
MZTI
$2.93B
| $83.9M | 0.02% |
504,381
+11,455
| +2% | +$1.92M |
|
1043
Marcus & Millichap
MMI
$1.16B
| $83.8M | 0.02% |
1,918,281
-30,402
| -2% | -$1.01M |
|
1044
Entegris
ENTG
$18.1B
| $83.7M | 0.02% |
698,591
-83,896
| -11% | -$8.51M |
|
|
HI
1045
DELISTED
Hillenbrand
HI
| $83.6M | 0.02% |
1,747,176
+120,782
| +7% | +$4.95M |
|
1046
Triumph Financial Inc
TFIN
$1.81B
| $83.6M | 0.02% |
1,042,533
+14,714
| +1% | +$996K |
|
1047
RBC Bearings
RBC
$17.4B
| $83.5M | 0.02% |
293,061
+21,766
| +8% | +$5.34M |
|
1048
Boot Barn
BOOT
$4.51B
| $83.4M | 0.02% |
1,086,810
+16,308
| +2% | +$1.23M |
|
1049
Green Brick Partners
GRBK
$3.04B
| $83M | 0.02% |
1,597,328
-2,469
| -0.2% | -$112K |
|
1050
Horace Mann Educators
HMN
$2.1B
| $82.9M | 0.02% |
2,535,062
-71,092
| -3% | -$2.28M |
|
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.