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 | |
|---|---|---|---|---|---|---|
2026
Vodafone
VOD
$36.3B
| $18.5M | 0.01% |
2,126,070
+88,101
| +4% | +$805K |
|
2027
GoPro
GPRO
$130M
| $18.4M | 0.01% |
5,313,476
-448,598
| -8% | -$1.42M |
|
2028
Li Auto
LI
$13.4B
| $18.4M | 0.01% |
490,997
-3,425
| -0.7% | -$124K |
|
|
IRBT
2029
DELISTED
iRobot
IRBT
| $18.3M | 0.01% |
472,507
-100,918
| -18% | -$3.59M |
|
|
INFA
2030
DELISTED
Informatica
INFA
| $18.3M | 0.01% |
643,956
+93,693
| +17% | +$2.25M |
|
2031
Carriage Services
CSV
$641M
| $18.3M | 0.01% |
730,197
-16,171
| -2% | -$381K |
|
2032
CEVA Inc
CEVA
$910M
| $18.3M | 0.01% |
804,083
-25,666
| -3% | -$528K |
|
2033
Intrepid Potash
IPI
$456M
| $18.2M | 0.01% |
762,864
+58,085
| +8% | +$1.23M |
|
2034
Woodside Energy
WDS
$44.6B
| $18.2M | 0.01% |
862,908
+9,404
| +1% | +$200K |
|
2035
Grupo Aeroportuario del Sureste
ASR
$8.27B
| $18.2M | 0.01% |
61,821
+2,042
| +3% | +$483K |
|
2036
Alkami Technology
ALKT
$1.94B
| $18.2M | 0.01% |
749,009
+178,608
| +31% | +$3.72M |
|
|
VSXY
2037
Victoria's Secret
VSXY
$7.05B
| $18.2M | 0.01% |
684,190
+156,239
| +30% | +$3.31M |
|
2038
Grid Dynamics Holdings
GDYN
$559M
| $18.2M | 0.01% |
1,362,022
+203,299
| +18% | +$2.48M |
|
2039
Mitek Systems
MITK
$754M
| $18M | 0.01% |
1,382,729
+210,178
| +18% | +$2.34M |
|
2040
Omega Flex
OFLX
$297M
| $18M | 0.01% |
255,598
-1,579
| -0.6% | -$118K |
|
|
LTC
2041
LTC Properties
LTC
$2.06B
| $18M | 0.01% |
558,950
-15,187
| -3% | -$491K |
|
2042
Timberland Bancorp
TSBK
$348M
| $17.9M | 0.01% |
568,941
| – | – |
|
2043
International Money Express
IMXI
$357M
| $17.8M | 0.01% |
807,646
+497
| +0.1% | +$9.54K |
|
|
MOFG
2044
DELISTED
MidWestOne Financial Group
MOFG
| $17.7M | 0.01% |
658,331
+17,251
| +3% | +$383K |
|
2045
Arrow Financial
AROW
$659M
| $17.7M | 0.01% |
633,877
-9,922
| -2% | -$231K |
|
|
DEA
2046
Easterly Government Properties
DEA
$1.13B
| $17.7M | 0.01% |
527,016
+2,892
| +0.6% | +$85.5K |
|
|
ROVR
2047
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
| $17.7M | 0.01% |
1,625,818
+310,455
| +24% | +$2.63M |
|
2048
Royalty Pharma
RPRX
$25.9B
| $17.7M | 0.01% |
628,569
+126,705
| +25% | +$3.48M |
|
|
MCBC
2049
DELISTED
Macatawa Bank Corp
MCBC
| $17.6M | 0.01% |
1,559,969
+13,187
| +0.9% | +$129K |
|
2050
Entravision Communication
EVC
$1.03B
| $17.6M | 0.01% |
4,212,574
+22,464
| +0.5% | +$88.8K |
|
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.