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 | |
|---|---|---|---|---|---|---|
|
SCS
1351
DELISTED
Steelcase
SCS
| $49.1M | 0.02% |
4,400,027
+21,842
| +0.5% | +$191K |
|
1352
Standard Motor Products
SMP
$902M
| $49.1M | 0.02% |
1,460,672
+11,712
| +0.8% | +$427K |
|
1353
Cactus
WHD
$3.63B
| $49M | 0.02% |
975,725
+20,075
| +2% | +$1.01M |
|
1354
Shenandoah Telecom
SHEN
$678M
| $48.9M | 0.02% |
2,374,151
+123,429
| +5% | +$2.53M |
|
1355
First Bancorp
FBNC
$2.61B
| $48.9M | 0.02% |
1,736,169
+38,136
| +2% | +$1.17M |
|
1356
Bright Horizons
BFAM
$4.35B
| $48.8M | 0.02% |
598,979
+128,090
| +27% | +$11.8M |
|
1357
FB Financial Corp
FBK
$2.98B
| $48.7M | 0.02% |
1,718,630
+59,952
| +4% | +$1.86M |
|
1358
Kontoor Brands
KTB
$4.71B
| $48.7M | 0.02% |
1,109,733
+170,967
| +18% | +$7.49M |
|
|
THR
1359
DELISTED
Thermon Group Holdings
THR
| $48.6M | 0.02% |
1,770,984
+4,679
| +0.3% | +$126K |
|
1360
AngloGold Ashanti
AU
$39.4B
| $48.6M | 0.02% |
3,076,541
-346,671
| -10% | -$6.55M |
|
1361
Kelly Services Class A
KELYA
$548M
| $48.6M | 0.02% |
2,672,088
+5,095
| +0.2% | +$92K |
|
1362
QCR Holdings
QCRH
$1.68B
| $48.6M | 0.02% |
1,001,716
+17,789
| +2% | +$880K |
|
|
AXNX
1363
DELISTED
Axonics, Inc. Common Stock
AXNX
| $48.6M | 0.02% |
865,877
+178,029
| +26% | +$10M |
|
1364
City Holding Co
CHCO
$2.05B
| $48.5M | 0.02% |
536,700
+8,037
| +2% | +$746K |
|
1365
Burlington
BURL
$23.4B
| $48.5M | 0.02% |
358,366
+16,150
| +5% | +$2.59M |
|
1366
Apple Hospitality REIT
APLE
$3.97B
| $48.5M | 0.02% |
3,159,632
-1,194
| -0% | -$18.3K |
|
1367
Evergy
EVRG
$19.4B
| $48.5M | 0.02% |
955,959
+38,089
| +4% | +$2.16M |
|
1368
Papa John's
PZZA
$1.01B
| $48.5M | 0.02% |
710,380
-10,886
| -2% | -$841K |
|
1369
Lincoln National
LNC
$7.92B
| $48.4M | 0.02% |
1,961,294
+185,829
| +10% | +$4.86M |
|
1370
Hyatt Hotels
H
$17.5B
| $48.3M | 0.02% |
455,657
+13,499
| +3% | +$1.54M |
|
|
DAY
1371
DELISTED
Dayforce
DAY
| $48.1M | 0.02% |
708,651
+49,277
| +7% | +$3.47M |
|
1372
Agilysys
AGYS
$3.21B
| $48.1M | 0.02% |
726,462
+784
| +0.1% | +$54.4K |
|
|
NVEE
1373
DELISTED
NV5 Global
NVEE
| $48.1M | 0.02% |
1,997,412
+21,484
| +1% | +$554K |
|
1374
Avista
AVA
$3.43B
| $47.7M | 0.02% |
1,472,474
+60,050
| +4% | +$2.15M |
|
1375
Cushman & Wakefield Ltd
CWK
$3.16B
| $47.6M | 0.02% |
6,248,278
-340,166
| -5% | -$3.08M |
|
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.