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 | |
|---|---|---|---|---|---|---|
1551
LeMaitre Vascular
LMAT
$1.82B
| $36.5M | 0.01% |
669,978
+1,166
| +0.2% | +$69.1K |
|
1552
CarGurus
CARG
$3.01B
| $36.5M | 0.01% |
2,082,204
+108,893
| +6% | +$2.15M |
|
1553
LXP Industrial Trust
LXP
$3.59B
| $36.4M | 0.01% |
818,494
-116
| -0% | -$5.69K |
|
1554
Nicolet Bankshares
NIC
$3.52B
| $36.4M | 0.01% |
521,792
+20,437
| +4% | +$1.54M |
|
1555
Array Technologies
ARRY
$653M
| $36.4M | 0.01% |
1,638,109
+698,908
| +74% | +$15.2M |
|
1556
Newmark Group
NMRK
$2.51B
| $36.3M | 0.01% |
5,649,550
+533,918
| +10% | +$3.7M |
|
1557
JFrog
FROG
$11.6B
| $36.3M | 0.01% |
1,430,402
+450,270
| +46% | +$12.5M |
|
|
NARI
1558
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $36.3M | 0.01% |
554,452
+124,635
| +29% | +$7.84M |
|
1559
NatWest
NWG
$75.2B
| $36.2M | 0.01% |
6,213,865
+1,502,424
| +32% | +$9.08M |
|
1560
World Acceptance Corp
WRLD
$861M
| $36.2M | 0.01% |
284,707
+6,922
| +2% | +$956K |
|
1561
Cheesecake Factory
CAKE
$4.77B
| $36.1M | 0.01% |
1,192,593
+13,719
| +1% | +$457K |
|
1562
Haverty Furniture Companies
HVT
$425M
| $36M | 0.01% |
1,251,994
+11,322
| +0.9% | +$361K |
|
|
LGF.B
1563
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $36M | 0.01% |
4,574,186
-272,514
| -6% | -$2.05M |
|
1564
Ambarella
AMBA
$2.95B
| $35.8M | 0.01% |
674,971
+8,952
| +1% | +$629K |
|
1565
Madison Square Garden
MSGE
$3.65B
| $35.8M | 0.01% |
1,087,497
-11,258
| -1% | -$372K |
|
1566
Paylocity
PCTY
$7.76B
| $35.7M | 0.01% |
196,700
+9,841
| +5% | +$1.98M |
|
|
AXON
1567
Axon Enterprise
AXON
$36.8B
| $35.7M | 0.01% |
179,446
-8,508
| -5% | -$1.67M |
|
1568
Mercantile Bank Corp
MBWM
$1.04B
| $35.6M | 0.01% |
1,151,414
-11,779
| -1% | -$385K |
|
1569
Certara
CERT
$1.31B
| $35.6M | 0.01% |
2,446,776
+328,347
| +15% | +$5.52M |
|
1570
Southside Bancshares
SBSI
$940M
| $35.5M | 0.01% |
1,238,559
-75,018
| -6% | -$2.23M |
|
1571
Coeur Mining
CDE
$20.5B
| $35.5M | 0.01% |
16,002,186
+641,996
| +4% | +$1.67M |
|
1572
Brookdale Senior Living
BKD
$2.77B
| $35.5M | 0.01% |
8,567,964
+254,240
| +3% | +$1.02M |
|
1573
Ingevity
NGVT
$2.34B
| $35.5M | 0.01% |
744,730
-33,638
| -4% | -$1.84M |
|
1574
Ezcorp Inc
EZPW
$1.94B
| $35.4M | 0.01% |
4,295,179
-41,357
| -1% | -$355K |
|
1575
US Physical Therapy
USPH
$1.24B
| $35.4M | 0.01% |
385,839
+12,781
| +3% | +$1.37M |
|
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.