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 | |
|---|---|---|---|---|---|---|
2451
Heritage Insurance Holdings
HRTG
$889M
| $7.19M | ﹤0.01% |
1,103,137
+193,388
| +21% | +$1.33M |
|
2452
Custom Truck One Source
CTOS
$2.31B
| $7.19M | ﹤0.01% |
1,162,814
+723,962
| +165% | +$4.27M |
|
2453
Daily Journal
DJCO
$809M
| $7.17M | ﹤0.01% |
21,045
+1,124
| +6% | +$351K |
|
2454
American Outdoor Brands
AOUT
$155M
| $7.16M | ﹤0.01% |
852,581
+9,114
| +1% | +$78.4K |
|
2455
Alta Equipment Group
ALTG
$214M
| $7.09M | ﹤0.01% |
573,359
+50,849
| +10% | +$549K |
|
2456
Nice
NICE
$5.79B
| $7.09M | ﹤0.01% |
35,518
+580
| +2% | +$104K |
|
|
OBE
2457
Obsidian Energy
OBE
$716M
| $7.07M | ﹤0.01% |
1,042,012
+181,491
| +21% | +$1.4M |
|
2458
Information Services Group
III
$199M
| $7.07M | ﹤0.01% |
1,499,983
+88,860
| +6% | +$389K |
|
|
UBFO
2459
DELISTED
United Security Bancshares
UBFO
| $7.06M | ﹤0.01% |
839,073
+19,650
| +2% | +$154K |
|
2460
GrafTech
EAF
$175M
| $7.02M | ﹤0.01% |
320,535
-22,260
| -6% | -$629K |
|
|
AGTI
2461
DELISTED
Agiliti Inc
AGTI
| $6.95M | ﹤0.01% |
877,631
-133,933
| -13% | -$908K |
|
2462
Alto Ingredients
ALTO
$369M
| $6.94M | ﹤0.01% |
2,608,198
+271,966
| +12% | +$866K |
|
2463
Sportsman's Warehouse
SPWH
$44.5M
| $6.94M | ﹤0.01% |
1,628,456
-30,798
| -2% | -$146K |
|
|
BLFY
2464
DELISTED
Blue Foundry Bancorp
BLFY
| $6.91M | ﹤0.01% |
714,877
+98,143
| +16% | +$844K |
|
2465
Cardlytics
CDLX
$21.7M
| $6.88M | ﹤0.01% |
74,710
+29,582
| +66% | +$3.01M |
|
2466
LCNB Corp
LCNB
$282M
| $6.81M | ﹤0.01% |
431,611
-3,464
| -0.8% | -$51K |
|
2467
argenx
ARGX
$53.4B
| $6.8M | ﹤0.01% |
17,878
+1,819
| +11% | +$848K |
|
2468
Keros Therapeutics
KROS
$199M
| $6.79M | ﹤0.01% |
170,852
-425
| -0.2% | -$13.3K |
|
|
MORF
2469
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $6.79M | ﹤0.01% |
235,226
-294,587
| -56% | -$7.02M |
|
2470
Kinetik
KNTK
$3.72B
| $6.79M | ﹤0.01% |
203,189
+59,412
| +41% | +$2.08M |
|
2471
MVB Financial
MVBF
$397M
| $6.77M | ﹤0.01% |
299,840
+24,626
| +9% | +$521K |
|
2472
Liberty Global Class C
LBTYK
$3.53B
| $6.76M | ﹤0.01% |
362,637
-31,324
| -8% | -$542K |
|
|
DSKE
2473
DELISTED
Daseke, Inc. Common Stock
DSKE
| $6.73M | ﹤0.01% |
831,142
-17,297
| -2% | -$83.7K |
|
|
INFN
2474
DELISTED
Infinera Corporation Common Stock
INFN
| $6.72M | ﹤0.01% |
1,415,677
+227,729
| +19% | +$896K |
|
2475
SAP
SAP
$212B
| $6.72M | ﹤0.01% |
43,491
+2,179
| +5% | +$315K |
|
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.