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 | |
|---|---|---|---|---|---|---|
1276
Moelis & Co
MC
$4.97B
| $63.1M | 0.02% |
1,123,921
-75,228
| -6% | -$3.53M |
|
1277
Digi International
DGII
$2.63B
| $63M | 0.02% |
2,423,611
-70,901
| -3% | -$1.76M |
|
1278
Under Armour
UAA
$2.84B
| $62.9M | 0.02% |
7,154,871
+1,636,634
| +30% | +$12.6M |
|
1279
BlueLinx
BXC
$422M
| $62.8M | 0.02% |
554,458
+17,891
| +3% | +$1.55M |
|
|
BBT
1280
Beacon Financial Corp
BBT
$2.66B
| $62.7M | 0.02% |
2,525,556
+20,328
| +0.8% | +$438K |
|
1281
DoubleVerify
DV
$1.73B
| $62.7M | 0.02% |
1,704,229
+252,425
| +17% | +$7.87M |
|
1282
National Bank Holdings
NBHC
$1.92B
| $62.4M | 0.02% |
1,678,537
+79,519
| +5% | +$2.63M |
|
1283
Hertz
HTZ
$500M
| $62.4M | 0.02% |
6,001,739
+786,555
| +15% | +$7.6M |
|
1284
Norwegian Cruise Line
NCLH
$8.51B
| $62.2M | 0.02% |
3,105,324
+1,141,086
| +58% | +$18.3M |
|
1285
NetEase
NTES
$85.3B
| $62.2M | 0.02% |
670,120
-200,122
| -23% | -$21.3M |
|
|
ZEUS
1286
DELISTED
Olympic Steel
ZEUS
| $62.1M | 0.02% |
931,698
+309
| +0% | +$16.9K |
|
1287
Leggett & Platt
LEG
$1.34B
| $62.1M | 0.02% |
2,373,959
+262,145
| +12% | +$6.43M |
|
1288
Pembina Pipeline
PBA
$28.4B
| $61.8M | 0.02% |
1,795,502
+120,191
| +7% | +$3.85M |
|
|
HEES
1289
DELISTED
H&E Equipment Services
HEES
| $61.8M | 0.02% |
1,180,307
-14,286
| -1% | -$645K |
|
1290
Hamilton Lane
HLNE
$4.91B
| $61.7M | 0.02% |
544,233
+22,832
| +4% | +$2.16M |
|
1291
Portland General Electric
POR
$5.8B
| $61.6M | 0.02% |
1,420,243
+140,151
| +11% | +$5.82M |
|
1292
Cable One
CABO
$227M
| $61.4M | 0.02% |
110,375
+15,907
| +17% | +$9.08M |
|
1293
AZZ Inc
AZZ
$4.35B
| $61.3M | 0.02% |
1,055,634
+106,091
| +11% | +$5.22M |
|
1294
Guidewire Software
GWRE
$12.6B
| $61.3M | 0.02% |
562,229
-39,944
| -7% | -$3.81M |
|
1295
Dave & Buster's
PLAY
$377M
| $61.3M | 0.02% |
1,138,457
-35,102
| -3% | -$1.42M |
|
1296
ProPetro Holding
PUMP
$1.36B
| $61.1M | 0.02% |
7,293,490
+378,379
| +5% | +$3.57M |
|
|
SASR
1297
DELISTED
Sandy Spring Bancorp Inc
SASR
| $61M | 0.02% |
2,240,530
+52,454
| +2% | +$1.18M |
|
1298
VF Corp
VFC
$5.63B
| $61M | 0.02% |
3,241,702
+590,434
| +22% | +$10.1M |
|
1299
Park National Corp
PRK
$3.76B
| $60.8M | 0.02% |
457,745
+10,266
| +2% | +$1.14M |
|
1300
TriCo Bancshares
TCBK
$1.84B
| $60.8M | 0.02% |
1,414,921
+64,815
| +5% | +$2.33M |
|
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.