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 | |
|---|---|---|---|---|---|---|
1126
OSI Systems
OSIS
$3.65B
| $63.1K | 0.02% |
793,202
-163
| -0% | -$13.3K |
|
1127
M/I Homes
MHO
$3.74B
| $63.1K | 0.02% |
1,365,866
-1,110
| -0.1% | -$47.7K |
|
1128
News Corp Class B
NWS
$16.9B
| $62.9K | 0.02% |
3,412,856
+319,029
| +10% | +$5.62M |
|
|
NATI
1129
DELISTED
National Instruments Corp
NATI
| $62.9K | 0.02% |
1,705,248
+196,303
| +13% | +$7.67M |
|
1130
California Resources
CRC
$4.67B
| $62.9K | 0.02% |
1,446,219
+182,307
| +14% | +$7.99M |
|
1131
Mercury Systems
MRCY
$5.83B
| $62.8K | 0.02% |
1,403,568
+204,821
| +17% | +$9.69M |
|
1132
EPAM Systems
EPAM
$5.51B
| $62.7K | 0.02% |
191,371
+2,754
| +1% | +$936K |
|
1133
Fox Class B
FOX
$21.8B
| $62.7K | 0.02% |
2,204,478
-28,129
| -1% | -$805K |
|
1134
Center Bancorp
CNOB
$1.66B
| $62.7K | 0.02% |
2,589,592
+52,483
| +2% | +$1.29M |
|
1135
Piper Sandler
PIPR
$5.12B
| $62.7K | 0.02% |
1,925,660
+10,644
| +0.6% | +$348K |
|
1136
Rollins
ROL
$18.3B
| $62.7K | 0.02% |
1,714,958
+14,028
| +0.8% | +$545K |
|
1137
Helen of Troy
HELE
$644M
| $62.6K | 0.02% |
564,751
-22,521
| -4% | -$2.19M |
|
1138
Warrior Met Coal
HCC
$4.19B
| $62.5K | 0.02% |
1,805,643
-1,493
| -0.1% | -$52.8K |
|
1139
JetBlue
JBLU
$2.28B
| $62.5K | 0.02% |
9,650,702
+1,475,483
| +18% | +$10.8M |
|
1140
Zebra Technologies
ZBRA
$14B
| $62.5K | 0.02% |
243,880
-21,900
| -8% | -$5.66M |
|
|
HIBB
1141
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $62.5K | 0.02% |
916,055
+72,157
| +9% | +$4.5M |
|
1142
Heritage Financial
HFWA
$1.22B
| $62.2K | 0.02% |
2,031,189
+10,083
| +0.5% | +$315K |
|
1143
Apogee Enterprises
APOG
$826M
| $62.2K | 0.02% |
1,399,821
-55,365
| -4% | -$2.5M |
|
1144
Manhattan Associates
MANH
$11.2B
| $62.1K | 0.02% |
511,820
+8,292
| +2% | +$1.02M |
|
1145
Black Hills Corp
BKH
$5.42B
| $62K | 0.02% |
881,285
+57,182
| +7% | +$3.84M |
|
|
SRCL
1146
DELISTED
Stericycle Inc
SRCL
| $61.9K | 0.02% |
1,240,187
+41,961
| +4% | +$2M |
|
|
VRN
1147
DELISTED
Veren
VRN
| $61.7K | 0.02% |
8,633,669
+1,536,043
| +22% | +$11.4M |
|
1148
Burlington
BURL
$23.2B
| $61.6K | 0.02% |
303,892
+10,613
| +4% | +$1.69M |
|
1149
Banc of California
BANC
$3.03B
| $61.6K | 0.02% |
3,867,399
+182,455
| +5% | +$2.98M |
|
1150
National Vision
EYE
$1.77B
| $61.6K | 0.02% |
1,589,059
-4,440
| -0.3% | -$166K |
|
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.