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 | |
|---|---|---|---|---|---|---|
2201
Vertex
VERX
$2.09B
| $13M | ﹤0.01% |
483,342
+7,805
| +2% | +$200K |
|
2202
Crawford & Co Class A
CRD.A
$532M
| $13M | ﹤0.01% |
983,328
-20,776
| -2% | -$217K |
|
2203
Aviat Networks
AVNW
$265M
| $13M | ﹤0.01% |
396,521
+6,506
| +2% | +$194K |
|
2204
TETRA Technologies
TTI
$1.14B
| $12.9M | ﹤0.01% |
2,860,528
+79,906
| +3% | +$403K |
|
2205
CAE Inc. Common Shares
CAE
$8.3B
| $12.9M | ﹤0.01% |
598,184
+5,921
| +1% | +$126K |
|
2206
Aspen Aerogels
ASPN
$384M
| $12.9M | ﹤0.01% |
815,769
+576,006
| +240% | +$5.95M |
|
2207
Nature's Sunshine
NATR
$354M
| $12.8M | ﹤0.01% |
743,088
+47,246
| +7% | +$816K |
|
2208
3D Systems Corp
DDD
$431M
| $12.8M | ﹤0.01% |
2,017,150
-129,751
| -6% | -$639K |
|
2209
AnaptysBio
ANAB
$1.58B
| $12.8M | ﹤0.01% |
597,892
-88,569
| -13% | -$1.53M |
|
2210
Coca-Cola Femsa
KOF
$22.7B
| $12.8M | ﹤0.01% |
135,107
-166
| -0.1% | -$13.8K |
|
|
BAND
2211
Bandwidth Inc
BAND
$1.26B
| $12.8M | ﹤0.01% |
883,770
+118,192
| +15% | +$1.38M |
|
2212
Hingham Institution for Saving
HIFS
$627M
| $12.8M | ﹤0.01% |
65,750
-410
| -0.6% | -$70.3K |
|
2213
SEACOR Marine Holdings
SMHI
$256M
| $12.8M | ﹤0.01% |
1,014,790
+113,866
| +13% | +$1.46M |
|
|
ASAI
2214
DELISTED
Sendas Distribuidora S.A. American Depositary Share (each representing five common shares)
ASAI
| $12.7M | ﹤0.01% |
921,044
+611,223
| +197% | +$7.62M |
|
2215
C&F Financial
CFFI
$268M
| $12.7M | ﹤0.01% |
186,401
-497
| -0.3% | -$29K |
|
|
LGTY
2216
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $12.7M | ﹤0.01% |
1,122,328
+48,295
| +4% | +$519K |
|
2217
Magnachip Semiconductor
MX
$119M
| $12.6M | ﹤0.01% |
1,683,024
-107,176
| -6% | -$783K |
|
|
DENN
2218
DELISTED
Denny's
DENN
| $12.6M | ﹤0.01% |
1,158,689
-45,874
| -4% | -$431K |
|
2219
Richardson Electronics
RELL
$267M
| $12.5M | ﹤0.01% |
939,058
+16,158
| +2% | +$193K |
|
|
PLYM
2220
DELISTED
Plymouth Industrial REIT
PLYM
| $12.5M | ﹤0.01% |
520,159
+56,972
| +12% | +$1.24M |
|
|
DISH
2221
DELISTED
DISH Network Corp.
DISH
| $12.5M | ﹤0.01% |
2,166,263
+442,276
| +26% | +$1.98M |
|
2222
CareDx
CDNA
$2.26B
| $12.5M | ﹤0.01% |
1,039,521
+417,610
| +67% | +$3.42M |
|
|
FLIC
2223
DELISTED
First of Long Island Corp
FLIC
| $12.5M | ﹤0.01% |
941,785
+77,127
| +9% | +$898K |
|
2224
Carvana
CVNA
$68.6B
| $12.5M | ﹤0.01% |
1,175,675
-13,570
| -1% | -$102K |
|
2225
Primis Financial Corp
FRST
$399M
| $12.4M | ﹤0.01% |
979,770
+17,754
| +2% | +$173K |
|
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.