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 | |
|---|---|---|---|---|---|---|
1576
Freshworks
FRSH
$3.14B
| $40.7M | 0.01% |
1,731,120
+245,242
| +17% | +$4.85M |
|
|
HAPN
1577
Happen Inc
HAPN
$2.21B
| $40.7M | 0.01% |
4,652,580
+73,515
| +2% | +$462K |
|
1578
Kearny Financial
KRNY
$604M
| $40.7M | 0.01% |
4,533,261
-197,474
| -4% | -$1.53M |
|
1579
Pinnacle West Capital
PNW
$12.2B
| $40.7M | 0.01% |
565,927
-50,222
| -8% | -$3.69M |
|
1580
COPT Defense Properties
CDP
$4.3B
| $40.6M | 0.01% |
1,583,352
-950
| -0.1% | -$23K |
|
1581
SL Green Realty
SLG
$3.76B
| $40.5M | 0.01% |
896,693
-20,169
| -2% | -$744K |
|
1582
Brinker International
EAT
$9.17B
| $40.4M | 0.01% |
936,283
+4,294
| +0.5% | +$154K |
|
1583
Sonos
SONO
$1.73B
| $40.3M | 0.01% |
2,353,785
-19,740
| -0.8% | -$266K |
|
|
NFBK
1584
DELISTED
Northfield Bancorp
NFBK
| $40.3M | 0.01% |
3,206,080
-114,444
| -3% | -$1.15M |
|
1585
Lindsay Corp
LNN
$1.13B
| $40.3M | 0.01% |
312,084
+14,738
| +5% | +$1.81M |
|
1586
Omnicell
OMCL
$1.61B
| $40.2M | 0.01% |
1,067,516
+21,798
| +2% | +$802K |
|
1587
Broadstone Net Lease
BNL
$4.11B
| $40.2M | 0.01% |
2,332,490
+467,919
| +25% | +$7.22M |
|
1588
Hanmi Financial
HAFC
$945M
| $40.1M | 0.01% |
2,069,367
-35,084
| -2% | -$590K |
|
1589
Capitol Federal Financial
CFFN
$1.09B
| $40.1M | 0.01% |
6,220,952
-372,537
| -6% | -$2M |
|
1590
Gray Television
GTN
$415M
| $40M | 0.01% |
4,464,070
-190,273
| -4% | -$1.42M |
|
1591
Illumina
ILMN
$31B
| $39.9M | 0.01% |
294,735
-335
| -0.1% | -$38.6K |
|
1592
BJ's Restaurants
BJRI
$1.42B
| $39.8M | 0.01% |
1,105,992
-38,285
| -3% | -$1.09M |
|
1593
ATN International
ATNI
$366M
| $39.7M | 0.01% |
1,018,817
-25,980
| -2% | -$858K |
|
1594
Snowflake
SNOW
$102B
| $39.7M | 0.01% |
199,474
+10,575
| +6% | +$1.79M |
|
|
ALTR
1595
DELISTED
Altair Engineering Inc
ALTR
| $39.6M | 0.01% |
470,907
+9,714
| +2% | +$676K |
|
1596
Shutterstock
SSTK
$198M
| $39.6M | 0.01% |
819,656
+13,899
| +2% | +$587K |
|
1597
Global Industrial
GIC
$1.37B
| $39.6M | 0.01% |
1,018,451
-3,906
| -0.4% | -$139K |
|
1598
Century Aluminum
CENX
$4.43B
| $39.4M | 0.01% |
3,243,573
+42,167
| +1% | +$331K |
|
1599
HEICO Corp Class A
HEI.A
$36B
| $39.2M | 0.01% |
275,057
+2,725
| +1% | +$369K |
|
|
PRA
1600
DELISTED
ProAssurance
PRA
| $39.1M | 0.01% |
2,838,938
+168,634
| +6% | +$2.58M |
|
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.