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 | |
|---|---|---|---|---|---|---|
|
LGF.A
1826
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $27.1M | 0.01% |
2,490,107
-269,993
| -10% | -$2.46M |
|
1827
TechTarget
TTGT
$325M
| $27.1M | 0.01% |
778,495
+18,076
| +2% | +$535K |
|
1828
Global Net Lease
GNL
$1.84B
| $27.1M | 0.01% |
2,724,873
+92,391
| +4% | +$808K |
|
1829
Sumitomo Mitsui Financial
SMFG
$164B
| $27.1M | 0.01% |
2,799,584
+445,413
| +19% | +$4.32M |
|
1830
Amalgamated Financial
AMAL
$1.48B
| $27.1M | 0.01% |
1,005,772
+122,722
| +14% | +$2.53M |
|
1831
Sally Beauty Holdings
SBH
$1.43B
| $27.1M | 0.01% |
2,037,125
-125,741
| -6% | -$1.22M |
|
1832
Nu Skin
NUS
$252M
| $27M | 0.01% |
1,392,882
-345,859
| -20% | -$6.38M |
|
1833
Insulet
PODD
$11.5B
| $27M | 0.01% |
124,280
+834
| +0.7% | +$143K |
|
1834
Hain Celestial
HAIN
$45M
| $27M | 0.01% |
2,462,264
-5,243
| -0.2% | -$56.6K |
|
|
HONE
1835
DELISTED
HarborOne Bancorp
HONE
| $26.9M | 0.01% |
2,248,788
+72,823
| +3% | +$777K |
|
1836
Cerence
CRNC
$385M
| $26.8M | 0.01% |
1,365,282
-95,924
| -7% | -$1.67M |
|
1837
Northrim BanCorp
NRIM
$590M
| $26.8M | 0.01% |
1,875,120
+12,212
| +0.7% | +$144K |
|
1838
Douglas Dynamics
PLOW
$1.02B
| $26.8M | 0.01% |
902,805
+8,194
| +0.9% | +$235K |
|
1839
America's Car Mart
CRMT
$26.6M
| $26.8M | 0.01% |
353,438
-6,959
| -2% | -$526K |
|
|
DOCU
1840
DocuSign
DOCU
$10.5B
| $26.8M | 0.01% |
450,229
+104,536
| +30% | +$4.79M |
|
1841
FerroAtlántica
GSM
$594M
| $26.7M | 0.01% |
4,106,600
| – | – |
|
1842
Barrett Business Services
BBSI
$959M
| $26.7M | 0.01% |
923,384
-13,648
| -1% | -$352K |
|
1843
Quanterix
QTRX
$164M
| $26.6M | 0.01% |
974,111
+131,195
| +16% | +$3.09M |
|
1844
Celsius Holdings
CELH
$7.47B
| $26.6M | 0.01% |
487,367
+24,206
| +5% | +$1.29M |
|
1845
Rogers Communications
RCI
$18.3B
| $26.5M | 0.01% |
567,126
+37,026
| +7% | +$1.54M |
|
1846
Pebblebrook Hotel Trust
PEB
$2.15B
| $26.5M | 0.01% |
1,657,543
-71,570
| -4% | -$952K |
|
1847
Organon & Co
OGN
$3.56B
| $26.4M | 0.01% |
1,828,440
-205,304
| -10% | -$2.79M |
|
|
OSG
1848
DELISTED
Overseas Shipholding Group Inc.
OSG
| $26.2M | 0.01% |
4,975,645
+119,349
| +2% | +$578K |
|
1849
TKO Group
TKO
$13.6B
| $26.2M | 0.01% |
321,166
-215,810
| -40% | -$17.1M |
|
1850
Wheaton Precious Metals
WPM
$49.5B
| $26.1M | 0.01% |
528,581
+24,676
| +5% | +$1.12M |
|
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.