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 | |
|---|---|---|---|---|---|---|
1901
Levi Strauss
LEVI
$9.44B
| $23.7M | 0.01% |
1,432,143
+242,882
| +20% | +$3.6M |
|
1902
TTEC Holdings
TTEC
$121M
| $23.6M | 0.01% |
1,087,379
-74,645
| -6% | -$1.57M |
|
1903
First Mid Bancshares
FMBH
$1.39B
| $23.5M | 0.01% |
678,953
+34,401
| +5% | +$1.04M |
|
1904
LSB Industries
LXU
$783M
| $23.5M | 0.01% |
2,525,077
+18,965
| +0.8% | +$173K |
|
1905
Crinetics Pharmaceuticals
CRNX
$8.84B
| $23.5M | 0.01% |
659,921
-84,895
| -11% | -$2.6M |
|
1906
TotalEnergies
TTE
$195B
| $23.5M | 0.01% |
348,468
+2,959
| +0.9% | +$197K |
|
1907
Waterstone Financial
WSBF
$370M
| $23.5M | 0.01% |
1,652,359
-43,461
| -3% | -$514K |
|
1908
Palomar
PLMR
$3.55B
| $23.4M | 0.01% |
421,746
+52,659
| +14% | +$2.95M |
|
1909
Goosehead Insurance
GSHD
$2.2B
| $23.4M | 0.01% |
308,090
+30,626
| +11% | +$2.21M |
|
1910
Hooker Furnishings Corp
HOFT
$150M
| $23.3M | 0.01% |
895,196
-4,081
| -0.5% | -$81.5K |
|
1911
Atlanticus Holdings
ATLC
$1.59B
| $23.3M | 0.01% |
602,272
+7,234
| +1% | +$228K |
|
1912
Doximity
DOCS
$3.76B
| $23.3M | 0.01% |
829,568
-6,174
| -0.7% | -$146K |
|
1913
Herbalife
HLF
$1.29B
| $23.2M | 0.01% |
1,523,350
+142,829
| +10% | +$1.97M |
|
1914
LSI Industries
LYTS
$859M
| $23.2M | 0.01% |
1,647,673
-28,445
| -2% | -$403K |
|
1915
Greif Class B
GEF.B
$4.11B
| $23.2M | 0.01% |
351,384
+1,725
| +0.5% | +$114K |
|
1916
Thomson Reuters
TRI
$42.8B
| $23.1M | 0.01% |
155,760
+53,304
| +52% | +$7.2M |
|
1917
Acadia Realty Trust
AKR
$3.09B
| $23.1M | 0.01% |
1,361,088
+16,812
| +1% | +$253K |
|
|
ACCD
1918
DELISTED
Accolade Inc
ACCD
| $23.1M | 0.01% |
1,921,676
+50,311
| +3% | +$431K |
|
1919
A10 Networks
ATEN
$2.13B
| $23.1M | 0.01% |
1,751,119
+81,908
| +5% | +$993K |
|
1920
Universal Technical Institute
UTI
$2.16B
| $23M | 0.01% |
1,840,356
+63,445
| +4% | +$643K |
|
1921
Corsair Gaming
CRSR
$1.13B
| $23M | 0.01% |
1,633,973
+305,602
| +23% | +$4.1M |
|
1922
Bausch Health
BHC
$2.58B
| $23M | 0.01% |
2,866,886
+15,495
| +0.5% | +$113K |
|
1923
Clearway Energy Class C
CWEN
$4.94B
| $22.9M | 0.01% |
836,550
-19,180
| -2% | -$448K |
|
1924
Unitil
UTL
$970M
| $22.9M | 0.01% |
436,061
-751
| -0.2% | -$36.3K |
|
1925
Interactive Brokers
IBKR
$39.2B
| $22.9M | 0.01% |
1,104,720
+14,820
| +1% | +$303K |
|
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.