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 | |
|---|---|---|---|---|---|---|
1926
NWPX Infrastructure Inc
NWPX
$1.19B
| $22.9M | 0.01% |
755,883
+5,572
| +0.7% | +$157K |
|
1927
DigitalBridge
DBRG
$2.93B
| $22.9M | 0.01% |
1,302,941
+941,662
| +261% | +$15.5M |
|
|
AMNB
1928
DELISTED
American National Bankshares Inc
AMNB
| $22.8M | 0.01% |
468,399
-1,937
| -0.4% | -$81.2K |
|
|
TARO
1929
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $22.8M | 0.01% |
545,682
-4,226
| -0.8% | -$156K |
|
1930
Northeast Bank
NBN
$1.06B
| $22.8M | 0.01% |
412,727
-9,623
| -2% | -$482K |
|
1931
Janus International
JBI
$700M
| $22.6M | 0.01% |
1,734,570
+378,478
| +28% | +$4.03M |
|
1932
Procore
PCOR
$8.26B
| $22.6M | 0.01% |
326,124
+46,646
| +17% | +$2.88M |
|
|
STR
1933
DELISTED
Sitio Royalties
STR
| $22.5M | 0.01% |
958,761
+319
| +0% | +$7.41K |
|
|
JBGS
1934
JBG SMITH
JBGS
$818M
| $22.5M | 0.01% |
1,323,015
-197,471
| -13% | -$2.88M |
|
1935
Sierra Bancorp
BSRR
$528M
| $22.5M | 0.01% |
996,631
+3,348
| +0.3% | +$65K |
|
1936
Universal Logistics Holdings
ULH
$353M
| $22.4M | 0.01% |
799,351
+12,826
| +2% | +$319K |
|
|
PTVE
1937
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $22.1M | 0.01% |
1,613,830
+307,239
| +24% | +$3.24M |
|
1938
SharkNinja
SN
$22.9B
| $22.1M | 0.01% |
432,273
-201,944
| -32% | -$9.24M |
|
1939
Transcat
TRNS
$799M
| $22.1M | 0.01% |
202,153
+48
| +0% | +$4.62K |
|
1940
Regenxbio
RGNX
$620M
| $22M | 0.01% |
1,226,957
+34,385
| +3% | +$606K |
|
1941
ICU Medical
ICUI
$4.21B
| $22M | 0.01% |
220,624
+9,196
| +4% | +$899K |
|
1942
American Vanguard Corp
AVD
$68.4M
| $22M | 0.01% |
2,004,886
-253,422
| -11% | -$2.53M |
|
1943
Financial Institutions
FISI
$816M
| $21.9M | 0.01% |
1,027,186
-17,562
| -2% | -$313K |
|
1944
IMAX
IMAX
$2.62B
| $21.8M | 0.01% |
1,454,524
+10,358
| +0.7% | +$177K |
|
1945
Cameco
CCJ
$37.6B
| $21.7M | 0.01% |
504,348
+1,857
| +0.4% | +$77.7K |
|
1946
Greenlight Captial
GLRE
$552M
| $21.7M | 0.01% |
1,902,489
+104,721
| +6% | +$1.17M |
|
1947
Sarepta Therapeutics
SRPT
$1.57B
| $21.6M | 0.01% |
224,201
+20,923
| +10% | +$2.01M |
|
1948
RCI Hospitality Holdings
RICK
$192M
| $21.6M | 0.01% |
326,023
-12,657
| -4% | -$738K |
|
|
SOVO
1949
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
| $21.5M | 0.01% |
974,514
-39,130
| -4% | -$860K |
|
|
PETQ
1950
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $21.5M | 0.01% |
1,086,625
+132,450
| +14% | +$2.54M |
|
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.