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 | |
|---|---|---|---|---|---|---|
2101
International Money Express
IMXI
$381M
| $13.7M | ﹤0.01% |
807,149
-79,575
| -9% | -$1.6M |
|
2102
Royalty Pharma
RPRX
$26.2B
| $13.6M | ﹤0.01% |
501,864
+99,317
| +25% | +$2.95M |
|
2103
Weyco Group
WEYS
$425M
| $13.6M | ﹤0.01% |
536,368
+11,013
| +2% | +$292K |
|
|
ITIC
2104
Investors Title Co
ITIC
$559M
| $13.5M | ﹤0.01% |
91,432
-98
| -0.1% | -$14.7K |
|
2105
Mesa Laboratories
MLAB
$711M
| $13.4M | ﹤0.01% |
127,999
-3,058
| -2% | -$392K |
|
|
AIV
2106
Aimco
AIV
$322M
| $13.4M | ﹤0.01% |
1,968,404
-125,695
| -6% | -$1M |
|
2107
OR Royalties Inc
OR
$6.93B
| $13.3M | ﹤0.01% |
1,133,021
+9,676
| +0.9% | +$132K |
|
|
TAST
2108
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $13.3M | ﹤0.01% |
2,018,406
+426,790
| +27% | +$2.63M |
|
2109
Matrix Service
MTRX
$282M
| $13.3M | ﹤0.01% |
1,127,039
-85,820
| -7% | -$651K |
|
2110
Editas Medicine
EDIT
$418M
| $13.3M | ﹤0.01% |
1,702,030
-65,199
| -4% | -$559K |
|
2111
Ribbon Communications
RBBN
$299M
| $13.2M | ﹤0.01% |
4,922,068
+369,097
| +8% | +$1.08M |
|
2112
Brown-Forman Class A
BF.A
$12.3B
| $13.2M | ﹤0.01% |
226,914
-2,794
| -1% | -$190K |
|
|
HTB
2113
HomeTrust Bancshares
HTB
$780M
| $13.1M | ﹤0.01% |
605,846
+13,395
| +2% | +$308K |
|
2114
GrafTech
EAF
$209M
| $13.1M | ﹤0.01% |
342,795
+21,498
| +7% | +$898K |
|
|
CNSL
2115
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $13.1M | ﹤0.01% |
3,831,236
-5,708
| -0.1% | -$21K |
|
2116
MasterCraft Boat Holdings
MCFT
$490M
| $13.1M | ﹤0.01% |
589,011
+11,093
| +2% | +$285K |
|
|
HPP
2117
Hudson Pacific Properties
HPP
$630M
| $13.1M | ﹤0.01% |
280,705
-4,760
| -2% | -$204K |
|
|
MOFG
2118
DELISTED
MidWestOne Financial Group
MOFG
| $13M | ﹤0.01% |
641,080
-8,428
| -1% | -$185K |
|
|
NTST
2119
NETSTREIT Corp
NTST
$1.85B
| $13M | ﹤0.01% |
835,991
+66,062
| +9% | +$1.14M |
|
2120
Farmers National Banc Corp
FMNB
$927M
| $12.9M | ﹤0.01% |
1,118,685
-26,188
| -2% | -$334K |
|
|
CSR
2121
Centerspace
CSR
$955M
| $12.9M | ﹤0.01% |
214,591
-558
| -0.3% | -$34.9K |
|
2122
Utz Brands
UTZ
$1.26B
| $12.9M | ﹤0.01% |
961,936
+285,907
| +42% | +$4.41M |
|
|
CFB
2123
DELISTED
CrossFirst Bankshares, Inc. Common Stock
CFB
| $12.8M | ﹤0.01% |
1,271,766
+126,131
| +11% | +$1.37M |
|
2124
InterContinental Hotels
IHG
$22.4B
| $12.8M | ﹤0.01% |
171,194
+2,744
| +2% | +$205K |
|
|
WOW
2125
DELISTED
WideOpenWest
WOW
| $12.8M | ﹤0.01% |
1,668,898
+119,011
| +8% | +$944K |
|
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.