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 | |
|---|---|---|---|---|---|---|
1526
Park Hotels & Resorts
PK
$3.03B
| $44.6M | 0.01% |
2,914,781
-169,217
| -5% | -$2.33M |
|
1527
Lloyds Banking Group
LYG
$89.5B
| $44.5M | 0.01% |
18,625,679
+439,009
| +2% | +$940K |
|
1528
Haverty Furniture Companies
HVT
$397M
| $44.4M | 0.01% |
1,251,604
-390
| -0% | -$11.9K |
|
1529
Neurocrine Biosciences
NBIX
$16.8B
| $44.3M | 0.01% |
336,536
+5,907
| +2% | +$680K |
|
1530
National Fuel Gas
NFG
$7.82B
| $44.3M | 0.01% |
882,737
+31,530
| +4% | +$1.63M |
|
|
AXON
1531
Axon Enterprise
AXON
$42.5B
| $44.2M | 0.01% |
171,167
-8,279
| -5% | -$1.87M |
|
1532
Harmonic Inc
HLIT
$1.25B
| $44.2M | 0.01% |
3,389,426
+82,822
| +3% | +$885K |
|
1533
Westamerica Bancorp
WABC
$1.38B
| $44.2M | 0.01% |
782,733
+21,547
| +3% | +$1.07M |
|
|
DOC
1534
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $44.1M | 0.01% |
3,315,328
-68,161
| -2% | -$810K |
|
1535
Palantir
PLTR
$295B
| $44.1M | 0.01% |
2,567,409
+228,428
| +10% | +$4.07M |
|
1536
First Advantage
FA
$3.4B
| $44.1M | 0.01% |
2,660,820
+255,807
| +11% | +$3.74M |
|
1537
Marqeta
MQ
$1.83B
| $44M | 0.01% |
1,576,327
+225,169
| +17% | +$5.39M |
|
1538
Extreme Networks
EXTR
$3.94B
| $44M | 0.01% |
2,492,869
+194,802
| +8% | +$3.68M |
|
|
CPRX
1539
DELISTED
Catalyst Pharmaceutical
CPRX
| $43.7M | 0.01% |
2,601,797
+41,923
| +2% | +$573K |
|
1540
CrowdStrike
CRWD
$194B
| $43.7M | 0.01% |
684,516
-1,224
| -0.2% | -$64.1K |
|
1541
Great Southern Bancorp
GSBC
$874M
| $43.6M | 0.01% |
735,261
-3,140
| -0.4% | -$164K |
|
1542
Nicolet Bankshares
NIC
$3.6B
| $43.6M | 0.01% |
542,091
+20,299
| +4% | +$1.52M |
|
1543
Commault Systems
CVLT
$4.88B
| $43.6M | 0.01% |
545,416
-104,932
| -16% | -$7.5M |
|
1544
Methode Electronics
MEI
$496M
| $43.5M | 0.01% |
1,914,049
-157,293
| -8% | -$3.68M |
|
1545
RXO
RXO
$3.34B
| $43.5M | 0.01% |
1,869,583
+93,885
| +5% | +$1.89M |
|
1546
Las Vegas Sands
LVS
$31.7B
| $43.4M | 0.01% |
882,154
+288,684
| +49% | +$13.6M |
|
1547
Nordic American Tanker
NAT
$1.38B
| $43.2M | 0.01% |
10,296,248
+162,870
| +2% | +$693K |
|
1548
Ambarella
AMBA
$3.77B
| $43.2M | 0.01% |
704,350
+29,379
| +4% | +$1.6M |
|
1549
Pinterest
PINS
$13.4B
| $43.1M | 0.01% |
1,164,803
-1,697
| -0.1% | -$53.3K |
|
|
VBTX
1550
DELISTED
Veritex Holdings
VBTX
| $43.1M | 0.01% |
1,853,774
+305,980
| +20% | +$6.02M |
|
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.