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 | |
|---|---|---|---|---|---|---|
2401
Geospace Technologies
GEOS
$94.6M
| $8.17M | ﹤0.01% |
630,166
+81,891
| +15% | +$1M |
|
2402
Bankwell Financial Group
BWFG
$543M
| $8.11M | ﹤0.01% |
268,724
+9,546
| +4% | +$253K |
|
2403
Cato Corp
CATO
$68.3M
| $8.08M | ﹤0.01% |
1,132,272
-59,816
| -5% | -$423K |
|
|
BFS
2404
Saul Centers
BFS
$836M
| $8.08M | ﹤0.01% |
205,778
-8,315
| -4% | -$305K |
|
2405
Crawford & Co Class B
CRD.B
$491M
| $8.08M | ﹤0.01% |
617,948
-1,145
| -0.2% | -$10.9K |
|
2406
Mission Produce
AVO
$1.11B
| $8.04M | ﹤0.01% |
796,408
+212,020
| +36% | +$1.97M |
|
2407
Haleon
HLN
$43.5B
| $8.03M | ﹤0.01% |
975,374
-176,990
| -15% | -$1.46M |
|
|
UHT
2408
Universal Health Realty Income Trust
UHT
$603M
| $8M | ﹤0.01% |
185,020
-10,876
| -6% | -$443K |
|
2409
inTEST
INTT
$155M
| $7.97M | ﹤0.01% |
585,916
+7,477
| +1% | +$99.2K |
|
|
WSR
2410
DELISTED
Whitestone REIT
WSR
| $7.9M | ﹤0.01% |
643,091
-24,360
| -4% | -$261K |
|
2411
First United
FUNC
$285M
| $7.9M | ﹤0.01% |
335,832
+5,232
| +2% | +$97.4K |
|
2412
Civeo
CVEO
$345M
| $7.89M | ﹤0.01% |
345,398
+32,353
| +10% | +$700K |
|
2413
Acme United Corp
ACU
$217M
| $7.87M | ﹤0.01% |
183,629
+1,155
| +0.6% | +$40.4K |
|
2414
Voyager Therapeutics
VYGR
$183M
| $7.87M | ﹤0.01% |
932,231
+153,291
| +20% | +$1.11M |
|
2415
MetroCity Bankshares
MCBS
$1.01B
| $7.85M | ﹤0.01% |
326,593
+23,131
| +8% | +$493K |
|
2416
Immersion
IMMR
$251M
| $7.83M | ﹤0.01% |
1,109,644
-17,833
| -2% | -$118K |
|
|
SWAV
2417
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $7.82M | ﹤0.01% |
41,062
-44,792
| -52% | -$8.47M |
|
|
SFIX
2418
Stitch Fix
SFIX
$536M
| $7.79M | ﹤0.01% |
2,182,725
+225,309
| +12% | +$795K |
|
2419
Funko
FNKO
$326M
| $7.79M | ﹤0.01% |
1,007,706
+142,012
| +16% | +$1.03M |
|
2420
Braze
BRZE
$2.81B
| $7.78M | ﹤0.01% |
146,423
-29,138
| -17% | -$1.44M |
|
2421
Motorcar Parts of America
MPAA
$254M
| $7.78M | ﹤0.01% |
832,885
+101,270
| +14% | +$855K |
|
2422
Core Molding Technologies
CMT
$202M
| $7.75M | ﹤0.01% |
418,080
-3,555
| -0.8% | -$77.6K |
|
2423
Caribou Biosciences
CRBU
$145M
| $7.74M | ﹤0.01% |
1,350,784
+757,107
| +128% | +$3.74M |
|
2424
Descartes Systems
DSGX
$6.44B
| $7.73M | ﹤0.01% |
92,000
+3,295
| +4% | +$257K |
|
|
FONR
2425
DELISTED
Fonar
FONR
| $7.72M | ﹤0.01% |
394,759
-1,161
| -0.3% | -$19.3K |
|
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.