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 | |
|---|---|---|---|---|---|---|
1201
Alarm.com
ALRM
$2.71B
| $69.7M | 0.02% |
1,078,887
+16,704
| +2% | +$958K |
|
1202
Philips
PHG
$25.7B
| $69.4M | 0.02% |
3,326,877
+331,711
| +11% | +$6.03M |
|
1203
Apogee Enterprises
APOG
$826M
| $69.4M | 0.02% |
1,299,136
-22,585
| -2% | -$1.05M |
|
1204
DTE Energy
DTE
$29.5B
| $69.2M | 0.02% |
628,046
-5,899
| -0.9% | -$604K |
|
1205
Zillow
Z
$7.79B
| $69.2M | 0.02% |
1,195,814
-83,687
| -7% | -$3.69M |
|
1206
DNOW Inc
DNOW
$2.58B
| $69M | 0.02% |
6,095,429
+161,840
| +3% | +$1.77M |
|
1207
Teradata
TDC
$2.92B
| $68.9M | 0.02% |
1,584,625
+116,489
| +8% | +$5.24M |
|
|
AZPN
1208
DELISTED
Aspen Technology Inc
AZPN
| $68.9M | 0.02% |
313,105
+16,649
| +6% | +$3.2M |
|
1209
Vornado Realty Trust
VNO
$7.41B
| $68.8M | 0.02% |
2,436,089
-1,218
| -0% | -$28.9K |
|
1210
MGP Ingredients
MGPI
$379M
| $68.8M | 0.02% |
698,346
+17,967
| +3% | +$1.73M |
|
1211
Worthington Steel
WS
$1.83B
| $68.8M | 0.02% |
+2,447,165
| New | +$67.1M |
|
1212
REX American Resources
REX
$1.42B
| $68.7M | 0.02% |
2,904,570
+14,738
| +0.5% | +$295K |
|
|
RDUS
1213
DELISTED
Radius Recycling
RDUS
| $68.4M | 0.02% |
2,268,938
+26,386
| +1% | +$695K |
|
1214
First Bancorp
FBNC
$2.6B
| $68.4M | 0.02% |
1,848,591
+112,422
| +6% | +$3.53M |
|
1215
Krystal Biotech
KRYS
$10.1B
| $68.3M | 0.02% |
550,806
+30,169
| +6% | +$3.35M |
|
1216
Evertec
EVTC
$1.88B
| $68.3M | 0.02% |
1,668,011
+12,575
| +0.8% | +$462K |
|
1217
Newmark Group
NMRK
$2.66B
| $68.2M | 0.02% |
6,220,485
+570,935
| +10% | +$4.31M |
|
1218
SunCoke Energy
SXC
$720M
| $68.2M | 0.02% |
6,347,707
+133,910
| +2% | +$1.28M |
|
1219
Dell
DELL
$262B
| $68M | 0.02% |
889,485
+3,343
| +0.4% | +$236K |
|
1220
Verra Mobility
VRRM
$804M
| $68M | 0.02% |
2,953,696
+189,492
| +7% | +$3.89M |
|
1221
Artisan Partners
APAM
$2.79B
| $68M | 0.02% |
1,539,148
-2,093
| -0.1% | -$79K |
|
1222
BioMarin Pharmaceuticals
BMRN
$11.6B
| $68M | 0.02% |
704,953
+71,853
| +11% | +$6.36M |
|
|
DCH
1223
Dauch Corp
DCH
$1.34B
| $67.6M | 0.02% |
7,669,092
+465,585
| +6% | +$3.44M |
|
|
VRN
1224
DELISTED
Veren
VRN
| $67.2M | 0.02% |
9,693,169
+269,717
| +3% | +$1.99M |
|
1225
American States Water
AWR
$3.36B
| $67.1M | 0.02% |
834,318
+3,597
| +0.4% | +$288K |
|
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.