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 |
Prologis
PLD
|
+$275M |
| 2 |
U-Haul Holding Co Series N
UHAL.B
|
+$252M |
| 3 |
Apple
AAPL
|
+$127M |
| 4 |
FLG
Flagstar Bank National Association
FLG
|
+$122M |
| 5 |
Shell
SHEL
|
+$110M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DRE
Duke Realty Corp.
DRE
|
+$260M |
| 2 |
U-Haul Holding Co
UHAL
|
+$257M |
| 3 |
Walmart Inc
WMT
|
+$158M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$154M |
| 5 |
Antero Resources
AR
|
+$153M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.11% |
| 2 | Technology | 12.45% |
| 3 | Industrials | 10.99% |
| 4 | Healthcare | 9.96% |
| 5 | Consumer Discretionary | 8.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1926
Global Net Lease
GNL
$1.84B
| $18K | 0.01% |
1,434,720
+37,671
| +3% | +$467K |
|
1927
DoorDash
DASH
$85.5B
| $18K | 0.01% |
368,506
+147,494
| +67% | +$7.66M |
|
1928
West Bancorporation
WTBA
$478M
| $18K | 0.01% |
703,338
+122
| +0% | +$2.81K |
|
1929
Village Super Market
VLGEA
$651M
| $17.9K | 0.01% |
769,084
+13,364
| +2% | +$296K |
|
1930
Leslie's
LESL
$8.9M
| $17.9K | 0.01% |
73,213
+17,700
| +32% | +$4.92M |
|
1931
Fomento Económico Mexicano
FMX
$43.6B
| $17.9K | 0.01% |
228,455
-3,323
| -1% | -$244K |
|
1932
Children's Place
PLCE
$54.3M
| $17.8K | 0.01% |
488,950
+6,126
| +1% | +$229K |
|
1933
Western New England Bancorp
WNEB
$259M
| $17.7K | 0.01% |
1,875,946
-6,977
| -0.4% | -$63.6K |
|
1934
BCB Bancorp
BCBP
$173M
| $17.7K | 0.01% |
986,411
+37,037
| +4% | +$693K |
|
1935
Ferrari
RACE
$69.2B
| $17.7K | 0.01% |
82,808
+2,135
| +3% | +$440K |
|
|
VRE
1936
DELISTED
Veris Residential
VRE
| $17.7K | 0.01% |
1,111,338
-250,967
| -18% | -$3.7M |
|
1937
York Water
YORW
$502M
| $17.7K | 0.01% |
393,395
+11,855
| +3% | +$515K |
|
|
DCPH
1938
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $17.6K | 0.01% |
1,076,809
+29,276
| +3% | +$476K |
|
1939
Lennar Class B
LEN.B
$19.4B
| $17.4K | 0.01% |
244,105
-1,078
| -0.4% | -$70K |
|
1940
Ionis Pharmaceuticals
IONS
$8.6B
| $17.3K | 0.01% |
458,444
-102,484
| -18% | -$4.31M |
|
1941
Telkom Indonesia
TLK
$14.5B
| $17.2K | 0.01% |
721,452
-87,789
| -11% | -$2.28M |
|
1942
Freshpet
FRPT
$2.93B
| $17.2K | 0.01% |
325,832
+94,235
| +41% | +$5.61M |
|
|
UNIT
1943
Uniti Group
UNIT
$2.36B
| $17.1K | 0.01% |
3,088,128
+233,756
| +8% | +$1.6M |
|
|
AMNB
1944
DELISTED
American National Bankshares Inc
AMNB
| $17K | 0.01% |
460,280
+2,888
| +0.6% | +$105K |
|
|
MCBC
1945
DELISTED
Macatawa Bank Corp
MCBC
| $16.9K | 0.01% |
1,534,259
+9,243
| +0.6% | +$98.2K |
|
|
DEA
1946
Easterly Government Properties
DEA
$1.13B
| $16.9K | 0.01% |
473,928
-93,093
| -16% | -$3.62M |
|
1947
Hooker Furnishings Corp
HOFT
$150M
| $16.9K | 0.01% |
901,384
+34,649
| +4% | +$559K |
|
|
AAN
1948
DELISTED
The Aaron's Company Inc
AAN
| $16.8K | 0.01% |
1,408,568
-15,504
| -1% | -$166K |
|
1949
NACCO Industries
NC
$357M
| $16.8K | 0.01% |
441,644
+5,687
| +1% | +$267K |
|
1950
WisdomTree
WT
$2.96B
| $16.8K | 0.01% |
3,075,761
+15,384
| +0.5% | +$80K |
|
Similar funds
Dimensional Fund Advisors's Q4 2022 Portfolio in Review
As of Q4 2022, Dimensional Fund Advisors held 3,580 positions worth $338M, down 100% from $260B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Dimensional Fund Advisors withdrew a net $2.24B in Q4 2022, closing 89 positions and reducing 1,331 holdings. Its most notable exit was Duke Realty Corp., an estimated $260M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 18% a quarter earlier, followed by Technology and Industrials.
Against the trend, Dimensional Fund Advisors opened a new position in U-Haul Holding Co Series N worth $239K.
- Dimensional Fund Advisors's largest Q4 2022 buy was U-Haul Holding Co Series N: 4,345,763 shares worth $239K.
- Dimensional Fund Advisors added most to Prologis in Q4 2022, an estimated $275M increase.
- Dimensional Fund Advisors's biggest Q4 2022 reduction was U-Haul Holding Co, cutting an estimated $257M.
- Dimensional Fund Advisors fully exited Duke Realty Corp. in Q4 2022, selling an estimated $260M.
- Dimensional Fund Advisors's ten largest holdings make up 20% of its $338M portfolio in Q4 2022.
- Dimensional Fund Advisors opened 92 new positions and closed 89 in Q4 2022.
- Dimensional Fund Advisors's portfolio value fell 100% quarter-over-quarter to $338M.
Based on Dimensional Fund Advisors's 13F filing for Q4 2022, filed 9 Feb 2023.