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 | |
|---|---|---|---|---|---|---|
1976
Roblox
RBLX
$25.4B
| $20.3M | 0.01% |
442,836
+59,327
| +15% | +$2.19M |
|
1977
Park-Ohio Holdings
PKOH
$575M
| $20.2M | 0.01% |
751,077
+26,215
| +4% | +$619K |
|
1978
XPEL
XPEL
$1.22B
| $20.2M | 0.01% |
376,013
+45,947
| +14% | +$2.47M |
|
1979
Arvinas
ARVN
$518M
| $20.2M | 0.01% |
491,877
+22,479
| +5% | +$525K |
|
|
XHR
1980
Xenia Hotels & Resorts
XHR
$1.9B
| $20.2M | 0.01% |
1,486,317
-106,611
| -7% | -$1.31M |
|
1981
StepStone Group
STEP
$3.61B
| $20.2M | 0.01% |
634,815
+116,439
| +22% | +$3.29M |
|
|
GTY
1982
Getty Realty Corp
GTY
$2.11B
| $20.2M | 0.01% |
691,157
+43,073
| +7% | +$1.22M |
|
1983
Fortis
FTS
$29B
| $20.2M | 0.01% |
490,760
+54,417
| +12% | +$2.19M |
|
1984
CNA Financial
CNA
$14.2B
| $20.1M | 0.01% |
475,898
-277,147
| -37% | -$11.3M |
|
1985
Ambev
ABEV
$48.1B
| $20M | 0.01% |
7,134,511
-2,112,581
| -23% | -$5.71M |
|
1986
Liberty Latin America Class A
LILA
$1.64B
| $19.8M | 0.01% |
3,991,388
-40,332
| -1% | -$194K |
|
|
CFB
1987
DELISTED
CrossFirst Bankshares, Inc. Common Stock
CFB
| $19.8M | 0.01% |
1,458,843
+187,077
| +15% | +$2.14M |
|
1988
Sibanye-Stillwater
SBSW
$6.26B
| $19.8M | 0.01% |
3,645,360
-442,159
| -11% | -$2.29M |
|
|
ETWO
1989
DELISTED
E2open Parent Holdings
ETWO
| $19.8M | 0.01% |
4,501,581
+399,619
| +10% | +$1.42M |
|
1990
CNB Financial Corp
CCNE
$1.04B
| $19.7M | 0.01% |
871,822
+42,908
| +5% | +$859K |
|
1991
Utz Brands
UTZ
$1.25B
| $19.7M | 0.01% |
1,212,493
+250,557
| +26% | +$3.31M |
|
|
SVC
1992
Service Properties Trust
SVC
$1.04B
| $19.7M | 0.01% |
460,968
-8,195
| -2% | -$310K |
|
1993
Liquidity Services
LQDT
$1.22B
| $19.6M | 0.01% |
1,140,649
+7,868
| +0.7% | +$150K |
|
|
AAN
1994
DELISTED
The Aaron's Company Inc
AAN
| $19.6M | 0.01% |
1,803,415
-87,030
| -5% | -$808K |
|
1995
NETGEAR
NTGR
$648M
| $19.6M | 0.01% |
1,342,061
+26,519
| +2% | +$343K |
|
1996
Sweetgreen
SG
$766M
| $19.5M | 0.01% |
1,729,983
+476,998
| +38% | +$5.02M |
|
|
UNIT
1997
Uniti Group
UNIT
$2.36B
| $19.5M | 0.01% |
3,379,666
-46,293
| -1% | -$235K |
|
|
OLO
1998
DELISTED
Olo Inc
OLO
| $19.5M | 0.01% |
3,411,071
+416,851
| +14% | +$2.29M |
|
|
PRMW
1999
DELISTED
Primo Water Corporation
PRMW
| $19.5M | 0.01% |
1,292,891
+146,528
| +13% | +$2.09M |
|
|
EHAB
2000
DELISTED
Enhabit
EHAB
| $19.3M | 0.01% |
1,865,609
-49,780
| -3% | -$471K |
|
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.