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 | |
|---|---|---|---|---|---|---|
2001
Fortuna Silver Mines
FSM
$2.55B
| $19.3M | 0.01% |
5,002,409
+553,722
| +12% | +$1.85M |
|
2002
Radiant Logistics
RLGT
$386M
| $19.3M | 0.01% |
2,905,214
+59,435
| +2% | +$360K |
|
2003
Village Super Market
VLGEA
$651M
| $19.2M | 0.01% |
732,365
+8,532
| +1% | +$210K |
|
|
EDR
2004
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $19.2M | 0.01% |
809,111
-899
| -0.1% | -$20.3K |
|
2005
Empire State Realty Trust
ESRT
$872M
| $19.2M | 0.01% |
1,977,712
-43,747
| -2% | -$379K |
|
2006
Hims & Hers Health
HIMS
$6.43B
| $19.1M | 0.01% |
2,147,927
+193,507
| +10% | +$1.43M |
|
2007
GFL Environmental
GFL
$14.9B
| $19.1M | 0.01% |
552,531
+194,899
| +54% | +$5.93M |
|
2008
Allient
ALNT
$1.49B
| $19M | 0.01% |
630,459
+11,681
| +2% | +$330K |
|
2009
Regional Management Corp
RM
$301M
| $19M | 0.01% |
759,118
-1,237
| -0.2% | -$30K |
|
|
TPC
2010
Tutor Perini Cor
TPC
$4.41B
| $19M | 0.01% |
2,085,769
+55,823
| +3% | +$444K |
|
|
CCC
2011
CCC Intelligent Solutions
CCC
$3.59B
| $19M | 0.01% |
1,665,556
+247,471
| +17% | +$2.89M |
|
2012
AMC Global Media
AMCX
$492M
| $19M | 0.01% |
1,008,700
+44,039
| +5% | +$652K |
|
2013
Huazhu Hotels Group
HTHT
$13.1B
| $18.9M | 0.01% |
566,236
-6,458
| -1% | -$231K |
|
|
ATRI
2014
DELISTED
Atrion Corp
ATRI
| $18.9M | 0.01% |
49,958
-2,147
| -4% | -$743K |
|
2015
Healthcare Services Group
HCSG
$1.6B
| $18.9M | 0.01% |
1,823,442
+315,167
| +21% | +$3.15M |
|
2016
Zurn Elkay Water Solutions
ZWS
$8.38B
| $18.8M | 0.01% |
639,850
+245,334
| +62% | +$6.95M |
|
2017
FIGS
FIGS
$1.79B
| $18.8M | 0.01% |
2,705,454
+135,349
| +5% | +$895K |
|
2018
LG Display
LPL
$3B
| $18.7M | 0.01% |
3,885,114
-37,001
| -0.9% | -$176K |
|
2019
Protagonist Therapeutics
PTGX
$8.79B
| $18.7M | 0.01% |
816,537
-124,737
| -13% | -$2.18M |
|
|
SBOW
2020
DELISTED
SilverBow Resources, Inc.
SBOW
| $18.7M | 0.01% |
642,940
+387,276
| +151% | +$12.4M |
|
2021
Toast
TOST
$18.7B
| $18.7M | 0.01% |
1,023,321
+179,094
| +21% | +$2.94M |
|
2022
IonQ
IONQ
$13.6B
| $18.7M | 0.01% |
1,506,669
+192,024
| +15% | +$2.48M |
|
2023
Anika Therapeutics
ANIK
$258M
| $18.6M | 0.01% |
821,452
-38,683
| -4% | -$800K |
|
2024
Xenon Pharmaceuticals
XENE
$6.06B
| $18.5M | 0.01% |
402,668
-24,457
| -6% | -$864K |
|
2025
First Watch Restaurant Group
FWRG
$792M
| $18.5M | 0.01% |
921,777
+257,001
| +39% | +$4.63M |
|
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.