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 |
Prologis
PLD
|
+$275M |
| 2 |
U-Haul Holding Co Series N
UHAL.B
|
+$252M |
| 3 |
Apple
AAPL
|
+$127M |
| 4 |
FLG
Flagstar Bank National Association
FLG
|
+$122M |
| 5 |
Shell
SHEL
|
+$110M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DRE
Duke Realty Corp.
DRE
|
+$260M |
| 2 |
U-Haul Holding Co
UHAL
|
+$257M |
| 3 |
Walmart Inc
WMT
|
+$158M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$154M |
| 5 |
Antero Resources
AR
|
+$153M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.11% |
| 2 | Technology | 12.45% |
| 3 | Industrials | 10.99% |
| 4 | Healthcare | 9.96% |
| 5 | Consumer Discretionary | 8.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2101
Xenon Pharmaceuticals
XENE
$6.06B
| $12.4K | ﹤0.01% |
314,673
-27,358
| -8% | -$996K |
|
2102
OR Royalties Inc
OR
$5.58B
| $12.4K | ﹤0.01% |
1,024,116
+82,759
| +9% | +$959K |
|
|
CSTR
2103
DELISTED
CapStar Financial Holdings, Inc
CSTR
| $12.3K | ﹤0.01% |
696,588
+37,901
| +6% | +$673K |
|
|
AE
2104
DELISTED
Adams Resources & Energy Inc
AE
| $12.3K | ﹤0.01% |
315,894
-4,865
| -2% | -$177K |
|
2105
1-800-Flowers.com
FLWS
$250M
| $12.3K | ﹤0.01% |
1,285,518
+2,107
| +0.2% | +$16.7K |
|
2106
FS Bancorp
FSBW
$319M
| $12.3K | ﹤0.01% |
367,358
+7,180
| +2% | +$224K |
|
2107
Tenaris
TS
$28.9B
| $12.2K | ﹤0.01% |
347,718
-81,665
| -19% | -$2.61M |
|
2108
Merchants Bancorp
MBIN
$2.53B
| $12.2K | ﹤0.01% |
502,610
+52,690
| +12% | +$1.28M |
|
2109
Tradeweb Markets
TW
$21.4B
| $12.2K | ﹤0.01% |
187,464
+29,807
| +19% | +$1.75M |
|
2110
Astrana Health
ASTH
$1.76B
| $12.2K | ﹤0.01% |
411,067
+31,214
| +8% | +$1M |
|
2111
Norwegian Cruise Line
NCLH
$8.51B
| $12.1K | ﹤0.01% |
991,608
-162,761
| -14% | -$2.45M |
|
2112
NovoCure
NVCR
$1.73B
| $12.1K | ﹤0.01% |
164,883
+2,543
| +2% | +$191K |
|
2113
Shopify
SHOP
$152B
| $12.1K | ﹤0.01% |
347,890
+20,638
| +6% | +$705K |
|
2114
Li Auto
LI
$13.4B
| $12K | ﹤0.01% |
589,297
-1,109
| -0.2% | -$21.1K |
|
2115
Magnachip Semiconductor
MX
$119M
| $12K | ﹤0.01% |
1,278,393
+14,083
| +1% | +$136K |
|
2116
Beazer Homes USA
BZH
$877M
| $12K | ﹤0.01% |
939,167
+48,852
| +5% | +$593K |
|
2117
Nathan's Famous
NATH
$402M
| $12K | ﹤0.01% |
178,053
| – | – |
|
|
IMGN
2118
DELISTED
Immunogen Inc
IMGN
| $11.9K | ﹤0.01% |
2,404,056
-136,795
| -5% | -$742K |
|
2119
WPP
WPP
$4.36B
| $11.9K | ﹤0.01% |
241,458
+23,645
| +11% | +$1.13M |
|
2120
Cinemark Holdings
CNK
$4.24B
| $11.9K | ﹤0.01% |
1,370,799
-390,673
| -22% | -$4.4M |
|
|
KBAL
2121
DELISTED
Kimball International
KBAL
| $11.8K | ﹤0.01% |
1,821,143
+28,478
| +2% | +$195K |
|
|
FFNW
2122
DELISTED
First Financial Northwest, Inc
FFNW
| $11.8K | ﹤0.01% |
788,930
-800
| -0.1% | -$12K |
|
|
PRSU
2123
Pursuit Attractions and Hospitality Inc
PRSU
$1.39B
| $11.8K | ﹤0.01% |
482,169
-17,048
| -3% | -$528K |
|
2124
Protagonist Therapeutics
PTGX
$8.79B
| $11.8K | ﹤0.01% |
1,077,226
+256,788
| +31% | +$2.17M |
|
2125
Cameco
CCJ
$37.6B
| $11.7K | ﹤0.01% |
518,281
-112,517
| -18% | -$2.65M |
|
Similar funds
Dimensional Fund Advisors's Q4 2022 Portfolio in Review
As of Q4 2022, Dimensional Fund Advisors held 3,580 positions worth $338M, down 100% from $260B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Dimensional Fund Advisors withdrew a net $2.24B in Q4 2022, closing 89 positions and reducing 1,331 holdings. Its most notable exit was Duke Realty Corp., an estimated $260M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 18% a quarter earlier, followed by Technology and Industrials.
Against the trend, Dimensional Fund Advisors opened a new position in U-Haul Holding Co Series N worth $239K.
- Dimensional Fund Advisors's largest Q4 2022 buy was U-Haul Holding Co Series N: 4,345,763 shares worth $239K.
- Dimensional Fund Advisors added most to Prologis in Q4 2022, an estimated $275M increase.
- Dimensional Fund Advisors's biggest Q4 2022 reduction was U-Haul Holding Co, cutting an estimated $257M.
- Dimensional Fund Advisors fully exited Duke Realty Corp. in Q4 2022, selling an estimated $260M.
- Dimensional Fund Advisors's ten largest holdings make up 20% of its $338M portfolio in Q4 2022.
- Dimensional Fund Advisors opened 92 new positions and closed 89 in Q4 2022.
- Dimensional Fund Advisors's portfolio value fell 100% quarter-over-quarter to $338M.
Based on Dimensional Fund Advisors's 13F filing for Q4 2022, filed 9 Feb 2023.