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 |
Apple
AAPL
|
+$588M |
| 2 |
UnitedHealth
UNH
|
+$429M |
| 3 |
Johnson & Johnson
JNJ
|
+$333M |
| 4 |
Amazon
AMZN
|
+$229M |
| 5 |
Microsoft
MSFT
|
+$215M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EXE
Expand Energy Corp
EXE
|
+$322M |
| 2 |
JPMorgan Chase
JPM
|
+$304M |
| 3 |
K
Kellanova
K
|
+$164M |
| 4 |
SUM
Summit Materials, Inc. Class A Common Stock
SUM
|
+$159M |
| 5 |
AZPN
Aspen Technology Inc
AZPN
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.81% |
| 2 | Financials | 18.7% |
| 3 | Industrials | 12.07% |
| 4 | Healthcare | 10.44% |
| 5 | Consumer Discretionary | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DFS
101
DELISTED
Discover Financial Services
DFS
| $536M | 0.13% |
3,143,456
-13,193
| -0.4% | -$2.41M |
|
102
MetLife
MET
$62B
| $536M | 0.13% |
6,671,435
+236,698
| +4% | +$19.7M |
|
|
FISV
103
Fiserv Inc
FISV
$28.2B
| $534M | 0.13% |
2,420,038
-335,179
| -12% | -$73.4M |
|
104
Ameriprise Financial
AMP
$48.4B
| $527M | 0.13% |
1,089,548
-71,301
| -6% | -$37.4M |
|
105
FedEx
FDX
$73.2B
| $527M | 0.13% |
2,163,312
-29,489
| -1% | -$7.64M |
|
106
Progressive
PGR
$124B
| $525M | 0.13% |
1,853,854
+45,313
| +3% | +$11.9M |
|
107
KLA
KLAC
$242B
| $523M | 0.13% |
7,691,060
-63,660
| -0.8% | -$4.59M |
|
108
Sherwin-Williams
SHW
$82.7B
| $516M | 0.13% |
1,479,210
+42,312
| +3% | +$14.8M |
|
109
Baker Hughes
BKR
$60B
| $515M | 0.13% |
11,727,973
+175,495
| +2% | +$7.83M |
|
110
Philip Morris
PM
$299B
| $511M | 0.13% |
3,222,999
+83,624
| +3% | +$11.8M |
|
|
BNY
111
Bank of New York Mellon
BNY
$106B
| $504M | 0.13% |
6,016,053
-1,252,714
| -17% | -$105M |
|
|
MRSH
112
Marsh
MRSH
$90B
| $503M | 0.13% |
2,062,278
+33,651
| +2% | +$7.63M |
|
113
Freeport-McMoran
FCX
$89.6B
| $498M | 0.12% |
13,162,058
+1,815,285
| +16% | +$69.5M |
|
114
Cheniere Energy
LNG
$55.1B
| $495M | 0.12% |
2,139,846
-45,045
| -2% | -$10.1M |
|
115
Vistra
VST
$49.8B
| $492M | 0.12% |
4,190,462
+11,386
| +0.3% | +$1.7M |
|
116
GE Aerospace
GE
$373B
| $487M | 0.12% |
2,432,432
-38,125
| -2% | -$7.5M |
|
117
Norfolk Southern
NSC
$75.3B
| $484M | 0.12% |
2,044,150
+127,889
| +7% | +$31.2M |
|
118
Kenvue
KVUE
$37B
| $476M | 0.12% |
19,856,812
+932,633
| +5% | +$20.6M |
|
119
Williams Companies
WMB
$87.1B
| $475M | 0.12% |
7,954,114
-497,893
| -6% | -$28.5M |
|
120
Delta Air Lines
DAL
$57.8B
| $474M | 0.12% |
10,877,945
-212,264
| -2% | -$12.6M |
|
121
Cummins
CMI
$88B
| $473M | 0.12% |
1,508,911
-76,891
| -5% | -$27.1M |
|
122
VICI Properties
VICI
$28.9B
| $473M | 0.12% |
14,490,881
-463,862
| -3% | -$14.3M |
|
123
Lam Research
LRCX
$376B
| $472M | 0.12% |
6,498,985
-172,401
| -3% | -$13.6M |
|
124
Boston Scientific
BSX
$66.8B
| $470M | 0.12% |
4,661,316
-253,126
| -5% | -$25.5M |
|
125
Ford
F
$57.9B
| $465M | 0.12% |
46,335,759
-173,123
| -0.4% | -$1.69M |
|
Similar funds
Dimensional Fund Advisors's Q1 2025 Portfolio in Review
As of Q1 2025, Dimensional Fund Advisors held 3,398 positions worth $402B, down 3.4% from $416B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Trading was light in Q1 2025: portfolio turnover was 4%. Dimensional Fund Advisors opened 59 new positions and exited 78, leaving the 3,398-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 20% a quarter earlier, followed by Financials and Industrials.
- Dimensional Fund Advisors's largest Q1 2025 buy was Sandisk: 849,963 shares worth $40.5M.
- Dimensional Fund Advisors added most to Apple in Q1 2025, an estimated $588M increase.
- Dimensional Fund Advisors's biggest Q1 2025 reduction was Expand Energy Corp, cutting an estimated $322M.
- Dimensional Fund Advisors fully exited Summit Materials, Inc. Class A Common Stock in Q1 2025, selling an estimated $159M.
- Dimensional Fund Advisors's ten largest holdings make up 15% of its $402B portfolio in Q1 2025.
- Dimensional Fund Advisors opened 59 new positions and closed 78 in Q1 2025.
- Dimensional Fund Advisors's portfolio value fell 3.4% quarter-over-quarter to $402B.
Based on Dimensional Fund Advisors's 13F filing for Q1 2025, filed 13 May 2025.