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 | |
|---|---|---|---|---|---|---|
2126
Liberty Broadband Class A
LBRDA
$4.89B
| $15M | ﹤0.01% |
186,546
+625
| +0.3% | +$52.4K |
|
2127
Foster
FSTR
$430M
| $15M | ﹤0.01% |
681,635
+11,883
| +2% | +$234K |
|
2128
Relay Therapeutics
RLAY
$4.1B
| $15M | ﹤0.01% |
1,359,155
+341,487
| +34% | +$2.88M |
|
2129
Ribbon Communications
RBBN
$377M
| $15M | ﹤0.01% |
5,155,569
+233,501
| +5% | +$526K |
|
|
ITIC
2130
Investors Title Co
ITIC
$546M
| $14.9M | ﹤0.01% |
91,915
+483
| +0.5% | +$71.8K |
|
2131
Shore Bancshares
SHBI
$819M
| $14.9M | ﹤0.01% |
1,044,671
+50,356
| +5% | +$594K |
|
|
AIV
2132
Aimco
AIV
$387M
| $14.8M | ﹤0.01% |
1,888,551
-79,853
| -4% | -$539K |
|
2133
Designer Brands
DBI
$307M
| $14.7M | ﹤0.01% |
1,659,335
-43,635
| -3% | -$459K |
|
2134
Western New England Bancorp
WNEB
$259M
| $14.7M | ﹤0.01% |
1,628,892
+4,206
| +0.3% | +$32.1K |
|
2135
MasterCraft Boat Holdings
MCFT
$579M
| $14.6M | ﹤0.01% |
646,671
+57,660
| +10% | +$1.24M |
|
2136
West Bancorporation
WTBA
$478M
| $14.6M | ﹤0.01% |
688,786
+296
| +0% | +$5.29K |
|
2137
AppFolio
APPF
$6.38B
| $14.5M | ﹤0.01% |
83,952
-30,600
| -27% | -$5.73M |
|
|
CSTR
2138
DELISTED
CapStar Financial Holdings, Inc
CSTR
| $14.5M | ﹤0.01% |
775,011
-14,063
| -2% | -$230K |
|
2139
Centrus Energy
LEU
$3.48B
| $14.5M | ﹤0.01% |
266,653
+12,260
| +5% | +$641K |
|
2140
Payoneer
PAYO
$2.42B
| $14.5M | ﹤0.01% |
2,784,528
+1,336,739
| +92% | +$7.36M |
|
2141
Lazard
LAZ
$4.13B
| $14.5M | ﹤0.01% |
415,546
-91,887
| -18% | -$2.77M |
|
2142
Biglari Holdings Class B
BH
$1.25B
| $14.4M | ﹤0.01% |
87,545
+3,365
| +4% | +$519K |
|
2143
Build-A-Bear
BBW
$425M
| $14.4M | ﹤0.01% |
626,904
-138,999
| -18% | -$3.52M |
|
2144
Privia Health
PRVA
$2.98B
| $14.4M | ﹤0.01% |
624,451
+28,271
| +5% | +$633K |
|
2145
Energizer
ENR
$1.44B
| $14.4M | ﹤0.01% |
453,109
-557,573
| -55% | -$17.7M |
|
2146
DMC Global
BOOM
$138M
| $14.4M | ﹤0.01% |
762,572
+180,676
| +31% | +$3.32M |
|
2147
Civista Bancshares
CIVB
$604M
| $14.3M | ﹤0.01% |
777,851
+23,337
| +3% | +$374K |
|
2148
Natural Gas Services Group
NGS
$472M
| $14.3M | ﹤0.01% |
891,342
+14,520
| +2% | +$210K |
|
2149
Castle Biosciences
CSTL
$855M
| $14.3M | ﹤0.01% |
663,882
+108,481
| +20% | +$1.91M |
|
2150
Health Catalyst
HCAT
$154M
| $14.3M | ﹤0.01% |
1,546,932
+66,613
| +4% | +$544K |
|
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.