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 | |
|---|---|---|---|---|---|---|
1751
nCino
NCNO
$2.26B
| $27.3M | 0.01% |
857,109
+370,859
| +76% | +$11.4M |
|
1752
Alamos Gold
AGI
$15B
| $27.2M | 0.01% |
2,413,028
+119,952
| +5% | +$1.44M |
|
|
FBMS
1753
DELISTED
The First Bancshares, Inc.
FBMS
| $27.2M | 0.01% |
1,009,603
+122,918
| +14% | +$3.51M |
|
1754
Las Vegas Sands
LVS
$26.3B
| $27.2M | 0.01% |
593,470
+36,000
| +6% | +$1.95M |
|
1755
Equinox Gold
EQX
$14.3B
| $27.2M | 0.01% |
6,428,291
+493,483
| +8% | +$2.38M |
|
1756
QuidelOrtho
QDEL
$761M
| $27.2M | 0.01% |
372,062
+239,752
| +181% | +$19.1M |
|
1757
Douglas Dynamics
PLOW
$920M
| $27M | 0.01% |
894,611
-7,227
| -0.8% | -$221K |
|
1758
Vicor
VICR
$9.98B
| $26.9M | 0.01% |
457,013
+22,035
| +5% | +$1.46M |
|
1759
Beazer Homes USA
BZH
$889M
| $26.9M | 0.01% |
1,077,951
+9,335
| +0.9% | +$269K |
|
1760
BJ's Restaurants
BJRI
$1.27B
| $26.8M | 0.01% |
1,144,277
-55,839
| -5% | -$1.72M |
|
1761
Penumbra
PEN
$12.6B
| $26.8M | 0.01% |
110,706
-2,934
| -3% | -$815K |
|
1762
Heritage Financial
HFWA
$1.15B
| $26.8M | 0.01% |
1,641,403
-183,738
| -10% | -$3.21M |
|
1763
British American Tobacco
BTI
$121B
| $26.7M | 0.01% |
850,552
-493,235
| -37% | -$16.3M |
|
1764
Fomento Económico Mexicano
FMX
$41B
| $26.7M | 0.01% |
244,598
+13,376
| +6% | +$1.48M |
|
1765
Broadstone Net Lease
BNL
$3.69B
| $26.7M | 0.01% |
1,864,571
+139,787
| +8% | +$2.24M |
|
1766
Seneca Foods Class A
SENEA
$1.24B
| $26.6M | 0.01% |
494,756
-24,510
| -5% | -$1.1M |
|
1767
LSI Industries
LYTS
$756M
| $26.6M | 0.01% |
1,676,118
+10,934
| +0.7% | +$153K |
|
1768
Gildan
GIL
$8.57B
| $26.6M | 0.01% |
949,747
-8,783
| -0.9% | -$264K |
|
1769
American Airlines Group
AAL
$8.57B
| $26.5M | 0.01% |
2,070,894
-30,841
| -1% | -$479K |
|
1770
Celsius Holdings
CELH
$7.17B
| $26.5M | 0.01% |
463,161
+12,063
| +3% | +$678K |
|
1771
Pacific Biosciences
PACB
$429M
| $26.4M | 0.01% |
3,156,206
-405,836
| -11% | -$4.64M |
|
1772
E.W. Scripps
SSP
$284M
| $26.3M | 0.01% |
4,805,319
-257,456
| -5% | -$2.14M |
|
|
FFIC
1773
DELISTED
Flushing Financial
FFIC
| $26.3M | 0.01% |
2,003,393
-126,612
| -6% | -$1.77M |
|
|
AVID
1774
DELISTED
Avid Technology Inc
AVID
| $26.3M | 0.01% |
977,379
-284,791
| -23% | -$7.49M |
|
1775
Hackett Group
HCKT
$268M
| $26.2M | 0.01% |
1,109,127
-11,808
| -1% | -$275K |
|
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.