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 | |
|---|---|---|---|---|---|---|
|
EXAS
1426
DELISTED
Exact Sciences
EXAS
| $51.5M | 0.02% |
695,542
+24,259
| +4% | +$1.59M |
|
1427
EPR Properties
EPR
$4.76B
| $51.4M | 0.02% |
1,061,160
+3,162
| +0.3% | +$141K |
|
1428
JELD-WEN Holding
JELD
$122M
| $51.4M | 0.02% |
2,720,799
+157,383
| +6% | +$2.34M |
|
1429
Myriad Genetics
MYGN
$270M
| $51.3M | 0.02% |
2,680,918
+89,330
| +3% | +$1.55M |
|
1430
Victory Capital Holdings
VCTR
$6.19B
| $51.3M | 0.02% |
1,489,403
+131,540
| +10% | +$4.21M |
|
1431
Republic Bancorp
RBCAA
$1.95B
| $51.2M | 0.01% |
927,375
+15,040
| +2% | +$716K |
|
1432
Alnylam Pharmaceuticals
ALNY
$27.5B
| $51.1M | 0.01% |
267,034
+15,123
| +6% | +$2.58M |
|
|
CCRN
1433
DELISTED
Cross Country Healthcare
CCRN
| $51.1M | 0.01% |
2,256,832
+76,954
| +4% | +$1.67M |
|
1434
Restaurant Brands International
QSR
$25.7B
| $51.1M | 0.01% |
653,507
+5,192
| +0.8% | +$361K |
|
1435
Northern Oil and Gas
NOG
$2.3B
| $51M | 0.01% |
1,375,710
+324,958
| +31% | +$12.3M |
|
1436
Kforce
KFRC
$1.02B
| $51M | 0.01% |
754,259
-29,908
| -4% | -$1.91M |
|
1437
AdvanSix
ASIX
$541M
| $50.9M | 0.01% |
1,699,597
-25,415
| -1% | -$706K |
|
1438
Lakeland Financial Corp
LKFN
$1.56B
| $50.9M | 0.01% |
781,429
+10,595
| +1% | +$584K |
|
1439
Churchill Downs
CHDN
$5.88B
| $50.9M | 0.01% |
377,271
-2,102
| -0.6% | -$250K |
|
1440
Community Trust Bancorp
CTBI
$1.42B
| $50.8M | 0.01% |
1,158,760
+9,507
| +0.8% | +$375K |
|
1441
Clearwater Paper
CLW
$339M
| $50.8M | 0.01% |
1,407,064
-8,630
| -0.6% | -$310K |
|
1442
Magnite
MGNI
$2.76B
| $50.8M | 0.01% |
5,439,260
-248,508
| -4% | -$1.96M |
|
|
WCN
1443
Waste Connections
WCN
$42.2B
| $50.8M | 0.01% |
340,237
+18,503
| +6% | +$2.54M |
|
1444
Titan International
TWI
$466M
| $50.7M | 0.01% |
3,407,435
+215,637
| +7% | +$2.84M |
|
1445
VSE Corp
VSEC
$5.45B
| $50.7M | 0.01% |
784,606
+14,789
| +2% | +$868K |
|
1446
Harmony Gold Mining
HMY
$9.84B
| $50.7M | 0.01% |
8,238,873
+42,126
| +0.5% | +$221K |
|
1447
Viavi Solutions
VIAV
$9.12B
| $50.6M | 0.01% |
5,026,592
+202,387
| +4% | +$1.7M |
|
1448
Mitsubishi UFJ Financial
MUFG
$253B
| $50.6M | 0.01% |
5,873,087
+53,757
| +0.9% | +$453K |
|
1449
Forward Air
FWRD
$444M
| $50.5M | 0.01% |
803,393
+25,523
| +3% | +$1.72M |
|
1450
Apple Hospitality REIT
APLE
$3.9B
| $50.5M | 0.01% |
3,039,642
-119,990
| -4% | -$1.95M |
|
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.