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 |
Kenvue
KVUE
|
+$396M |
| 2 |
JPMorgan Chase
JPM
|
+$167M |
| 3 |
Extra Space Storage
EXR
|
+$148M |
| 4 |
GE HealthCare
GEHC
|
+$120M |
| 5 |
Patterson-UTI
PTEN
|
+$102M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PDCE
PDC Energy, Inc.
PDCE
|
+$313M |
| 2 |
Super Micro Computer
SMCI
|
+$310M |
| 3 |
UNVR
Univar Solutions Inc.
UNVR
|
+$176M |
| 4 |
LSI
Life Storage, Inc.
LSI
|
+$160M |
| 5 |
Walmart Inc
WMT
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.3% |
| 2 | Financials | 16.14% |
| 3 | Industrials | 13.38% |
| 4 | Consumer Discretionary | 10.82% |
| 5 | Healthcare | 10.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AAT
2051
American Assets Trust
AAT
$1.36B
| $15.7M | 0.01% |
807,802
+28,913
| +4% | +$607K |
|
2052
Protagonist Therapeutics
PTGX
$9.28B
| $15.7M | 0.01% |
941,274
-97,831
| -9% | -$1.9M |
|
2053
Hillman Solutions
HLMN
$1.4B
| $15.7M | 0.01% |
1,903,099
+1,360,976
| +251% | +$12.4M |
|
2054
OrthoPediatrics
KIDS
$578M
| $15.5M | 0.01% |
485,346
+58,623
| +14% | +$2.26M |
|
|
RMAX
2055
DELISTED
RE/MAX Holdings
RMAX
| $15.5M | 0.01% |
1,194,493
-120,140
| -9% | -$2.09M |
|
2056
Franco-Nevada
FNV
$51.5B
| $15.4M | 0.01% |
115,698
+455
| +0.4% | +$64.3K |
|
2057
Oscar Health
OSCR
$10.2B
| $15.4M | 0.01% |
2,770,098
+1,013,012
| +58% | +$7.09M |
|
2058
Timberland Bancorp
TSBK
$363M
| $15.4M | 0.01% |
568,941
-5,280
| -0.9% | -$151K |
|
2059
Cogent Biosciences
COGT
$5.72B
| $15.4M | 0.01% |
1,579,691
+462,345
| +41% | +$5.48M |
|
2060
Wayfair
W
$14B
| $15.4M | 0.01% |
253,731
+70,022
| +38% | +$4.87M |
|
2061
NACCO Industries
NC
$286M
| $15.3M | 0.01% |
436,787
-1,783
| -0.4% | -$60.6K |
|
2062
Entravision Communication
EVC
$732M
| $15.3M | 0.01% |
4,190,110
-114,238
| -3% | -$465K |
|
2063
Hallador Energy
HNRG
$743M
| $15.3M | 0.01% |
1,060,274
-1,844
| -0.2% | -$19.5K |
|
2064
TFI International
TFII
$10.3B
| $15.3M | 0.01% |
118,873
+2,264
| +2% | +$287K |
|
2065
Sasol
SSL
$9.05B
| $15.3M | 0.01% |
1,115,639
-133,266
| -11% | -$1.75M |
|
2066
Amalgamated Financial
AMAL
$1.4B
| $15.2M | 0.01% |
883,050
+121,344
| +16% | +$2.2M |
|
2067
FIGS
FIGS
$2.17B
| $15.2M | 0.01% |
2,570,105
+660,190
| +35% | +$4.39M |
|
2068
CNB Financial Corp
CCNE
$1.01B
| $15M | ﹤0.01% |
828,914
+17,095
| +2% | +$317K |
|
|
AY
2069
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $15M | ﹤0.01% |
785,317
-542,119
| -41% | -$12.3M |
|
2070
Health Catalyst
HCAT
$136M
| $15M | ﹤0.01% |
1,480,319
+275,695
| +23% | +$3.29M |
|
|
DEA
2071
Easterly Government Properties
DEA
$1.11B
| $15M | ﹤0.01% |
524,124
+14,562
| +3% | +$499K |
|
2072
Universal Technical Institute
UTI
$1.15B
| $14.9M | ﹤0.01% |
1,776,911
+79,613
| +5% | +$620K |
|
2073
Magnachip Semiconductor
MX
$103M
| $14.9M | ﹤0.01% |
1,790,200
+41,226
| +2% | +$360K |
|
2074
Banco de Chile
BCH
$21B
| $14.8M | ﹤0.01% |
731,017
+84,231
| +13% | +$1.79M |
|
2075
Consumer Portfolio Services
CPSS
$206M
| $14.8M | ﹤0.01% |
1,627,856
-3,235
| -0.2% | -$33.6K |
|
Similar funds
Dimensional Fund Advisors's Q3 2023 Portfolio in Review
As of Q3 2023, Dimensional Fund Advisors held 3,560 positions worth $305B, down 2.8% from $314B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q3 2023: portfolio turnover was 4.9%. Dimensional Fund Advisors opened 80 new positions and exited 93, leaving the 3,560-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 18% a quarter earlier, followed by Financials and Industrials.
- Dimensional Fund Advisors's largest Q3 2023 buy was Kenvue: 17,128,393 shares worth $344M.
- Dimensional Fund Advisors added most to JPMorgan Chase in Q3 2023, an estimated $167M increase.
- Dimensional Fund Advisors's biggest Q3 2023 reduction was Super Micro Computer, cutting an estimated $310M.
- Dimensional Fund Advisors fully exited PDC Energy, Inc. in Q3 2023, selling an estimated $313M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $305B portfolio in Q3 2023.
- Dimensional Fund Advisors opened 80 new positions and closed 93 in Q3 2023.
- Dimensional Fund Advisors's portfolio value fell 2.8% quarter-over-quarter to $305B.
Based on Dimensional Fund Advisors's 13F filing for Q3 2023, filed 9 Nov 2023.