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 | |
|---|---|---|---|---|---|---|
2076
Arrowhead Research
ARWR
$11.9B
| $16.8M | ﹤0.01% |
547,786
-140,125
| -20% | -$3.72M |
|
2077
Energy Recovery
ERII
$446M
| $16.8M | ﹤0.01% |
889,598
+60,042
| +7% | +$1.11M |
|
2078
GameStop
GME
$9.75B
| $16.8M | ﹤0.01% |
955,486
-256,095
| -21% | -$3.76M |
|
2079
Core Laboratories
CLB
$488M
| $16.7M | ﹤0.01% |
947,807
+75,684
| +9% | +$1.52M |
|
|
AAT
2080
American Assets Trust
AAT
$1.45B
| $16.7M | ﹤0.01% |
741,508
-66,294
| -8% | -$1.31M |
|
|
CNSL
2081
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $16.7M | ﹤0.01% |
3,830,722
-514
| -0% | -$2.13K |
|
2082
Amerant Bancorp
AMTB
$1.16B
| $16.6M | ﹤0.01% |
676,430
+80,527
| +14% | +$1.67M |
|
|
NTST
2083
NETSTREIT Corp
NTST
$2.09B
| $16.6M | ﹤0.01% |
928,524
+92,533
| +11% | +$1.45M |
|
|
MODV
2084
DELISTED
ModivCare
MODV
| $16.4M | ﹤0.01% |
373,735
-15,414
| -4% | -$608K |
|
|
KRTX
2085
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $16.4M | ﹤0.01% |
51,891
+10,334
| +25% | +$2.01M |
|
|
HTB
2086
HomeTrust Bancshares
HTB
$860M
| $16.4M | ﹤0.01% |
608,459
+2,613
| +0.4% | +$59.8K |
|
|
FFWM
2087
DELISTED
First Foundation Inc
FFWM
| $16.4M | ﹤0.01% |
1,690,540
+216,843
| +15% | +$1.38M |
|
2088
Forrester Research
FORR
$223M
| $16.4M | ﹤0.01% |
610,302
+5,841
| +1% | +$152K |
|
2089
Shoals Technologies Group
SHLS
$1.47B
| $16.3M | ﹤0.01% |
1,050,353
-4,722
| -0.4% | -$71.5K |
|
2090
Nomura Holdings
NMR
$28.3B
| $16.3M | ﹤0.01% |
3,616,044
-1,034
| -0% | -$4.25K |
|
|
DHIL
2091
DELISTED
Diamond Hill
DHIL
| $16.3M | ﹤0.01% |
98,302
-1,946
| -2% | -$315K |
|
2092
Simulations Plus
SLP
$369M
| $16.3M | ﹤0.01% |
363,324
+28,046
| +8% | +$1.11M |
|
2093
Garrett Motion
GTX
$5.81B
| $16.2M | ﹤0.01% |
1,680,470
+446,506
| +36% | +$3.45M |
|
2094
OmniAb
OABI
$287M
| $16.2M | ﹤0.01% |
2,623,995
+293,674
| +13% | +$1.44M |
|
2095
Home Bancorp
HBCP
$561M
| $16.1M | ﹤0.01% |
382,901
+11,623
| +3% | +$425K |
|
2096
Xperi
XPER
$372M
| $16.1M | ﹤0.01% |
1,458,674
+25,253
| +2% | +$244K |
|
2097
BrightView Holdings
BV
$1.22B
| $16M | ﹤0.01% |
1,901,835
+265,658
| +16% | +$2.02M |
|
2098
Farmers National Banc Corp
FMNB
$939M
| $16M | ﹤0.01% |
1,108,217
-10,468
| -0.9% | -$129K |
|
2099
InterContinental Hotels
IHG
$23.9B
| $15.9M | ﹤0.01% |
174,782
+3,588
| +2% | +$283K |
|
2100
NACCO Industries
NC
$357M
| $15.9M | ﹤0.01% |
436,529
-258
| -0.1% | -$9.04K |
|
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.