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 | |
|---|---|---|---|---|---|---|
1776
Tootsie Roll Industries
TR
$2.83B
| $26.1M | 0.01% |
956,574
-1,462
| -0.2% | -$43.8K |
|
|
NOVA
1777
DELISTED
Sunnova Energy
NOVA
| $25.9M | 0.01% |
2,477,433
-1,267,277
| -34% | -$19.8M |
|
1778
WisdomTree
WT
$3.37B
| $25.9M | 0.01% |
3,704,200
-12,471
| -0.3% | -$87.2K |
|
1779
Tejon Ranch
TRC
$433M
| $25.9M | 0.01% |
1,595,459
+39,364
| +3% | +$666K |
|
1780
National Vision
EYE
$1.33B
| $25.8M | 0.01% |
1,595,094
+140,247
| +10% | +$2.81M |
|
1781
Arcus Biosciences
RCUS
$3.25B
| $25.8M | 0.01% |
1,436,515
+297,035
| +26% | +$5.97M |
|
|
JWN
1782
DELISTED
Nordstrom
JWN
| $25.8M | 0.01% |
1,725,058
+21,195
| +1% | +$389K |
|
1783
HEICO Corp
HEI
$41.4B
| $25.7M | 0.01% |
158,881
-419
| -0.3% | -$71.1K |
|
1784
PENN Entertainment
PENN
$2.34B
| $25.7M | 0.01% |
1,120,675
-26,931
| -2% | -$652K |
|
1785
Harmony Biosciences
HRMY
$2.49B
| $25.7M | 0.01% |
784,444
+51,893
| +7% | +$1.8M |
|
|
KAMN
1786
DELISTED
Kaman Corp
KAMN
| $25.7M | 0.01% |
1,307,295
-36,340
| -3% | -$810K |
|
1787
LSB Industries
LXU
$811M
| $25.6M | 0.01% |
2,506,112
+150,467
| +6% | +$1.56M |
|
|
IAS
1788
DELISTED
Integral Ad Science
IAS
| $25.6M | 0.01% |
2,154,658
+679,264
| +46% | +$10.5M |
|
1789
Hain Celestial
HAIN
$52.1M
| $25.6M | 0.01% |
2,467,507
-605,287
| -20% | -$6.99M |
|
1790
Columbia Financial
CLBK
$1.2B
| $25.6M | 0.01% |
3,579,204
+347,974
| +11% | +$2.72M |
|
1791
XPEL
XPEL
$1.22B
| $25.5M | 0.01% |
330,066
+64,108
| +24% | +$5.15M |
|
1792
Global Net Lease
GNL
$2.06B
| $25.3M | 0.01% |
2,632,482
+1,185,457
| +82% | +$12.8M |
|
1793
Cannae Holdings
CNNE
$664M
| $25.3M | 0.01% |
1,355,282
-481,984
| -26% | -$9.51M |
|
1794
Donegal Group Class A
DGICA
$700M
| $25.3M | 0.01% |
1,772,032
-5,334
| -0.3% | -$78.1K |
|
1795
Sibanye-Stillwater
SBSW
$8.53B
| $25.2M | 0.01% |
4,087,519
-121,532
| -3% | -$801K |
|
1796
ICU Medical
ICUI
$3.82B
| $25.2M | 0.01% |
211,428
+146,330
| +225% | +$21.8M |
|
|
ESMT
1797
DELISTED
EngageSmart, Inc.
ESMT
| $25.2M | 0.01% |
1,398,697
+328,916
| +31% | +$5.86M |
|
1798
Progyny
PGNY
$2.07B
| $25.1M | 0.01% |
739,135
+233,697
| +46% | +$8.82M |
|
1799
Capital City Bank Group
CCBG
$859M
| $25.1M | 0.01% |
842,721
-6,299
| -0.7% | -$195K |
|
1800
Urban Edge Properties
UE
$2.54B
| $25.1M | 0.01% |
1,644,813
+7,313
| +0.4% | +$120K |
|
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.