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 | |
|---|---|---|---|---|---|---|
1626
UGI
UGI
$7.74B
| $37.9M | 0.01% |
1,541,109
+177,428
| +13% | +$3.91M |
|
1627
Peapack-Gladstone Financial
PGC
$815M
| $37.9M | 0.01% |
1,269,472
+20,053
| +2% | +$522K |
|
1628
Virtu Financial
VIRT
$5.11B
| $37.9M | 0.01% |
1,868,222
+92,279
| +5% | +$1.7M |
|
1629
Miller Industries
MLR
$573M
| $37.8M | 0.01% |
894,744
-1,973
| -0.2% | -$77.6K |
|
1630
DXP Enterprises
DXPE
$2.43B
| $37.8M | 0.01% |
1,122,651
+14,328
| +1% | +$468K |
|
1631
Midland States Bancorp
MSBI
$699M
| $37.8M | 0.01% |
1,371,940
+37,813
| +3% | +$878K |
|
1632
Cognex
CGNX
$10.9B
| $37.7M | 0.01% |
903,300
+168,692
| +23% | +$6.48M |
|
1633
Ezcorp Inc
EZPW
$1.83B
| $37.7M | 0.01% |
4,313,154
+17,975
| +0.4% | +$151K |
|
1634
Q2 Holdings
QTWO
$3.8B
| $37.6M | 0.01% |
867,048
+140,251
| +19% | +$4.98M |
|
1635
Deluxe
DLX
$1.18B
| $37.5M | 0.01% |
1,750,481
+130,357
| +8% | +$2.43M |
|
1636
MongoDB
MDB
$27.1B
| $37.5M | 0.01% |
91,696
+2,476
| +3% | +$939K |
|
1637
Movado Group
MOV
$849M
| $37.4M | 0.01% |
1,241,890
+19,994
| +2% | +$573K |
|
1638
World Acceptance Corp
WRLD
$838M
| $37.4M | 0.01% |
286,578
+1,871
| +0.7% | +$219K |
|
1639
Argan
AGX
$8B
| $37.4M | 0.01% |
798,240
-9,366
| -1% | -$427K |
|
1640
NatWest
NWG
$75.4B
| $37.3M | 0.01% |
6,632,743
+418,878
| +7% | +$2.22M |
|
1641
US Physical Therapy
USPH
$1.2B
| $37.3M | 0.01% |
400,183
+14,344
| +4% | +$1.26M |
|
|
EGLE
1642
DELISTED
Eagle Bulk Shipping Inc.
EGLE
| $37.2M | 0.01% |
670,829
-3,598
| -0.5% | -$163K |
|
1643
Monro
MNRO
$383M
| $37.1M | 0.01% |
1,265,797
-137,871
| -10% | -$3.88M |
|
1644
Heritage Financial
HFWA
$1.22B
| $37.1M | 0.01% |
1,733,722
+92,319
| +6% | +$1.67M |
|
1645
Snap
SNAP
$7.89B
| $37M | 0.01% |
2,184,684
+351,837
| +19% | +$4.31M |
|
1646
E.W. Scripps
SSP
$257M
| $37M | 0.01% |
4,625,894
-179,425
| -4% | -$1.21M |
|
|
TRST
1647
Trustco Bank Corp NY
TRST
$970M
| $36.8M | 0.01% |
1,186,342
+33,892
| +3% | +$947K |
|
|
MRC
1648
DELISTED
MRC Global
MRC
| $36.6M | 0.01% |
3,327,337
+36,845
| +1% | +$386K |
|
1649
Shopify
SHOP
$152B
| $36.6M | 0.01% |
469,529
+41,205
| +10% | +$2.63M |
|
1650
Colliers International
CIGI
$5.04B
| $36.6M | 0.01% |
288,948
+37,851
| +15% | +$3.89M |
|
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.