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 | 17.3% |
| 2 | Financials | 16.14% |
| 3 | Industrials | 13.38% |
| 4 | Consumer Discretionary | 10.82% |
| 5 | Healthcare | 10.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1401
Sphere Entertainment
SPHR
$5.2B
| $45.9M | 0.02% |
1,234,097
+18,779
| +2% | +$692K |
|
|
EXAS
1402
DELISTED
Exact Sciences
EXAS
| $45.8M | 0.02% |
671,283
-24,510
| -4% | -$2.08M |
|
1403
NorthWestern Energy
NWE
$4.28B
| $45.8M | 0.02% |
952,278
-13,966
| -1% | -$744K |
|
1404
MarineMax
HZO
$1.16B
| $45.7M | 0.02% |
1,391,939
-107,612
| -7% | -$3.74M |
|
1405
Applovin
APP
$106B
| $45.6M | 0.02% |
1,141,876
+252,169
| +28% | +$8.95M |
|
|
ALE
1406
DELISTED
Allete
ALE
| $45.6M | 0.02% |
864,041
+80,891
| +10% | +$4.55M |
|
1407
Select Water Solutions
WTTR
$2.61B
| $45.6M | 0.01% |
5,731,753
+607,933
| +12% | +$5M |
|
1408
Under Armour Class C
UA
$2.09B
| $45.6M | 0.01% |
7,141,278
+1,849,414
| +35% | +$12.7M |
|
1409
OceanFirst Financial
OCFC
$1.76B
| $45.5M | 0.01% |
3,146,101
-199,331
| -6% | -$3.35M |
|
1410
Winmark
WINA
$1.06B
| $45.4M | 0.01% |
121,701
-5,829
| -5% | -$2.12M |
|
1411
Repligen
RGEN
$10B
| $45.4M | 0.01% |
285,538
+25,282
| +10% | +$4.13M |
|
1412
Pinnacle West Capital
PNW
$11.6B
| $45.4M | 0.01% |
616,149
+16,064
| +3% | +$1.27M |
|
|
BRKL
1413
DELISTED
Brookline Bancorp
BRKL
| $45.3M | 0.01% |
4,970,254
-135,916
| -3% | -$1.31M |
|
1414
Victory Capital Holdings
VCTR
$6.43B
| $45.3M | 0.01% |
1,357,863
+179,703
| +15% | +$6M |
|
1415
ZTO Express
ZTO
$15.7B
| $45.2M | 0.01% |
1,871,960
-28,836
| -2% | -$734K |
|
1416
TKO Group
TKO
$13.8B
| $45.1M | 0.01% |
+536,976
| New | +$49.8M |
|
1417
Black Hills Corp
BKH
$5.46B
| $45.1M | 0.01% |
890,519
-14,191
| -2% | -$806K |
|
1418
Avis
CAR
$4.06B
| $45M | 0.01% |
250,334
-19,742
| -7% | -$4.28M |
|
1419
Independence Realty Trust
IRT
$3.56B
| $44.9M | 0.01% |
3,193,768
+120,146
| +4% | +$1.98M |
|
1420
Sony
SONY
$139B
| $44.9M | 0.01% |
2,726,115
+181,015
| +7% | +$3.16M |
|
1421
Match Group
MTCH
$10B
| $44.7M | 0.01% |
1,141,525
+144,849
| +15% | +$6.42M |
|
1422
Alnylam Pharmaceuticals
ALNY
$32.4B
| $44.6M | 0.01% |
251,911
+10,921
| +5% | +$2.08M |
|
1423
Varex Imaging
VREX
$780M
| $44.6M | 0.01% |
2,373,718
+79,894
| +3% | +$1.67M |
|
|
CHS
1424
DELISTED
Chicos FAS, Inc.
CHS
| $44.6M | 0.01% |
5,961,009
+169,235
| +3% | +$909K |
|
1425
SSR Mining
SSRM
$7.36B
| $44.5M | 0.01% |
3,351,913
-11,061
| -0.3% | -$160K |
|
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.