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 |
Kenvue
KVUE
|
+$396M |
| 2 |
JPMorgan Chase
JPM
|
+$167M |
| 3 |
Extra Space Storage
EXR
|
+$148M |
| 4 |
GE HealthCare
GEHC
|
+$120M |
| 5 |
Patterson-UTI
PTEN
|
+$102M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PDCE
PDC Energy, Inc.
PDCE
|
+$313M |
| 2 |
Super Micro Computer
SMCI
|
+$310M |
| 3 |
UNVR
Univar Solutions Inc.
UNVR
|
+$176M |
| 4 |
LSI
Life Storage, Inc.
LSI
|
+$160M |
| 5 |
Walmart Inc
WMT
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.29% |
| 2 | Financials | 16.14% |
| 3 | Industrials | 13.23% |
| 4 | Consumer Discretionary | 10.82% |
| 5 | Healthcare | 10.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
HSBC
HSBC
$352B
| $444M | 0.15% |
11,244,708
+279,758
| +3% | +$11M |
|
102
Dow Inc
DOW
$21B
| $435M | 0.14% |
8,434,065
-132,537
| -2% | -$7.12M |
|
103
Chubb
CB
$140B
| $433M | 0.14% |
2,081,653
+19,910
| +1% | +$4.02M |
|
104
Lam Research
LRCX
$344B
| $431M | 0.14% |
6,868,390
-71,580
| -1% | -$4.7M |
|
105
McDonald's
MCD
$196B
| $430M | 0.14% |
1,632,145
-21,269
| -1% | -$6.07M |
|
106
GE Aerospace
GE
$379B
| $427M | 0.14% |
4,844,758
+34,699
| +0.7% | +$3.12M |
|
107
Republic Services
RSG
$67.7B
| $424M | 0.14% |
2,977,910
-209,704
| -7% | -$31.1M |
|
108
VICI Properties
VICI
$29.8B
| $413M | 0.14% |
14,209,350
+256,801
| +2% | +$7.97M |
|
109
Lockheed Martin
LMT
$136B
| $413M | 0.14% |
1,010,812
+17,578
| +2% | +$7.8M |
|
110
Norfolk Southern
NSC
$77.5B
| $409M | 0.13% |
2,075,972
-34,557
| -2% | -$7.47M |
|
111
Honeywell
HON
$79.1B
| $407M | 0.13% |
2,338,325
+235,982
| +11% | +$43.2M |
|
112
Phillips 66
PSX
$83.6B
| $407M | 0.13% |
3,386,845
+149,266
| +5% | +$16.8M |
|
113
Nike
NKE
$63.3B
| $406M | 0.13% |
4,244,910
-11,981
| -0.3% | -$1.23M |
|
114
Abbott
ABT
$185B
| $406M | 0.13% |
4,186,572
+97,287
| +2% | +$10.2M |
|
115
Hartford Financial Services
HIG
$38.8B
| $405M | 0.13% |
5,712,704
-6,738
| -0.1% | -$489K |
|
|
PXD
116
DELISTED
Pioneer Natural Resource Co.
PXD
| $401M | 0.13% |
1,744,860
+42,233
| +2% | +$9.61M |
|
117
General Motors
GM
$79.1B
| $397M | 0.13% |
12,051,070
-89,711
| -0.7% | -$3.19M |
|
118
TSMC
TSM
$2T
| $397M | 0.13% |
4,569,898
-72,863
| -2% | -$6.89M |
|
119
Freeport-McMoran
FCX
$88.4B
| $397M | 0.13% |
10,636,713
-184,398
| -2% | -$7.43M |
|
120
Penske Automotive Group
PAG
$14.3B
| $393M | 0.13% |
2,352,702
-238,257
| -9% | -$39.9M |
|
121
Parker-Hannifin
PH
$125B
| $389M | 0.13% |
999,077
-109,347
| -10% | -$43.9M |
|
122
PBF Energy
PBF
$7.48B
| $389M | 0.13% |
7,260,935
+243,117
| +3% | +$11.6M |
|
123
Capital One
COF
$127B
| $389M | 0.13% |
4,004,412
+101,926
| +3% | +$10.9M |
|
124
Booking.com
BKNG
$147B
| $387M | 0.13% |
3,137,800
-43,400
| -1% | -$5.26M |
|
125
Reliance Steel & Aluminium
RS
$20.8B
| $386M | 0.13% |
1,472,939
-236,560
| -14% | -$65.6M |
|
Similar funds
Dimensional Fund Advisors's Q3 2023 Portfolio in Review
As of Q3 2023, Dimensional Fund Advisors held 3,560 positions worth $305B, down 2.8% from $314B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q3 2023: portfolio turnover was 4.9%. Dimensional Fund Advisors opened 80 new positions and exited 93, leaving the 3,560-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 18% a quarter earlier, followed by Financials and Industrials.
- Dimensional Fund Advisors's largest Q3 2023 buy was Kenvue: 17,128,393 shares worth $344M.
- Dimensional Fund Advisors added most to JPMorgan Chase in Q3 2023, an estimated $167M increase.
- Dimensional Fund Advisors's biggest Q3 2023 reduction was Super Micro Computer, cutting an estimated $310M.
- Dimensional Fund Advisors fully exited PDC Energy, Inc. in Q3 2023, selling an estimated $313M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $305B portfolio in Q3 2023.
- Dimensional Fund Advisors opened 80 new positions and closed 93 in Q3 2023.
- Dimensional Fund Advisors's portfolio value fell 2.8% quarter-over-quarter to $305B.
Based on Dimensional Fund Advisors's 13F filing for Q3 2023, filed 9 Nov 2023.