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 | |
|---|---|---|---|---|---|---|
2176
Navitas Semiconductor
NVTS
$2.84B
| $13.6M | ﹤0.01% |
1,687,618
+569,823
| +51% | +$3.82M |
|
2177
Sprinklr
CXM
$1.49B
| $13.6M | ﹤0.01% |
1,129,667
+239,299
| +27% | +$3.28M |
|
2178
Orrstown Financial Services
ORRF
$840M
| $13.6M | ﹤0.01% |
460,902
+14,465
| +3% | +$340K |
|
2179
Kymera Therapeutics
KYMR
$8.51B
| $13.6M | ﹤0.01% |
533,723
-121,504
| -19% | -$2.17M |
|
|
UMH
2180
UMH Properties
UMH
$1.29B
| $13.6M | ﹤0.01% |
886,603
+44,196
| +5% | +$637K |
|
|
RNAM
2181
DELISTED
Avidity Biosciences
RNAM
| $13.6M | ﹤0.01% |
1,499,773
-91,101
| -6% | -$609K |
|
2182
ARKO Corp
ARKO
$896M
| $13.6M | ﹤0.01% |
1,642,951
+221,619
| +16% | +$1.7M |
|
2183
Anterix
ATEX
$1.81B
| $13.5M | ﹤0.01% |
405,349
+9,292
| +2% | +$300K |
|
2184
First Bancorp
FNLC
$396M
| $13.5M | ﹤0.01% |
477,321
+1,917
| +0.4% | +$47.6K |
|
|
IMGN
2185
DELISTED
Immunogen Inc
IMGN
| $13.5M | ﹤0.01% |
454,213
-726,531
| -62% | -$14.5M |
|
2186
Vital Farms
VITL
$545M
| $13.5M | ﹤0.01% |
858,244
+163,070
| +23% | +$2.06M |
|
|
VMEO
2187
DELISTED
Vimeo
VMEO
| $13.4M | ﹤0.01% |
3,419,749
+724,275
| +27% | +$2.59M |
|
|
BDN
2188
Brandywine Realty Trust
BDN
$524M
| $13.4M | ﹤0.01% |
2,479,360
-50,492
| -2% | -$222K |
|
2189
BayCom
BCML
$329M
| $13.3M | ﹤0.01% |
565,816
+24,751
| +5% | +$520K |
|
2190
Mesa Laboratories
MLAB
$564M
| $13.3M | ﹤0.01% |
127,235
-764
| -0.6% | -$74.5K |
|
|
ONT
2191
Onterris Inc
ONT
$759M
| $13.3M | ﹤0.01% |
414,432
+28,622
| +7% | +$822K |
|
2192
Nathan's Famous
NATH
$402M
| $13.3M | ﹤0.01% |
170,543
-2,165
| -1% | -$148K |
|
2193
Brown-Forman Class A
BF.A
$13.4B
| $13.3M | ﹤0.01% |
223,089
-3,825
| -2% | -$225K |
|
|
STER
2194
DELISTED
Sterling Check Corp. Common Stock
STER
| $13.3M | ﹤0.01% |
952,092
+206,208
| +28% | +$2.59M |
|
|
SNCY
2195
DELISTED
Sun Country Airlines
SNCY
| $13.2M | ﹤0.01% |
842,264
+441,221
| +110% | +$6.49M |
|
2196
Rayonier Advanced Materials
RYAM
$604M
| $13.2M | ﹤0.01% |
3,268,581
-190,435
| -6% | -$626K |
|
2197
Metropolitan Bank Holding Corp
MCB
$1.15B
| $13.2M | ﹤0.01% |
238,256
-17,779
| -7% | -$702K |
|
|
MLNK
2198
DELISTED
MeridianLink
MLNK
| $13.2M | ﹤0.01% |
531,692
+146,822
| +38% | +$2.85M |
|
2199
Lands' End
LE
$370M
| $13.2M | ﹤0.01% |
1,376,318
+49,192
| +4% | +$365K |
|
2200
Aehr Test Systems
AEHR
$2.61B
| $13.1M | ﹤0.01% |
493,079
+37,169
| +8% | +$1.08M |
|
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.