13F filer · CIK 354204 ↗
Dimensional Fund Advisors LP
You are looking at Q4 2021. See the latest, Q2 2026 →
Reported value
$330.75B
+6.5% on the quarter before
Positions
3,537
128 new · 89 sold out
Top 10
11.0%
of the value
Est. gain
+$25.07B
on stocks held all quarter
Est. return
+8.4%
on those stocks since Q3 2021
Positions as of Dec 31, 2021, from Dimensional Fund Advisors LP's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 18% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2021. Striped tiles are options.
Largest buys
Since Q3 2021, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Canadian Pac Ry Ltd~$254.3MAdded · 0.0% → 0.1%+3,535,155 shares
- Cadence Bank~$211.3MNew · 0.0% → 0.1%+7,091,420 shares
- Realty Income Corp~$165.7MAdded · 0.1% → 0.2%+2,313,926 shares
- Verizon Communications Inc~$148.0MAdded · 0.5% → 0.5%+2,847,892 shares
- Amazon~$129.5MAdded · 1.4% → 1.4%+38,839 shares
- Zurn Water Solutions Corp~$104.5MNew · 0.0% → 0.0%+2,870,990 shares
- Broadcom~$92.1MAdded · 0.3% → 0.4%+138,417 shares
- Novartis Ag~$87.8MAdded · 0.1% → 0.1%+1,003,235 shares
- Johnson & Johnson~$81.6MAdded · 0.5% → 0.6%+477,115 shares
- Moderna Inc~$80.1MAdded · 0.1% → 0.1%+315,282 shares
Largest sells
Since Q3 2021, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Rexnord Corp~$369.8MSold out · 0.1% → 0.0%−5,752,378 shares
- Kansas City Southern~$346.8MSold out · 0.1% → 0.0%−1,281,431 shares
- Domtar Corp~$197.3MSold out · 0.1% → 0.0%−3,617,934 shares
- Oracle~$165.7MCut · 0.2% → 0.2%−1,900,231 shares
- Federal Rlty Invt Tr~$148.2MCut · 0.0% → 0.0%−1,087,180 shares
- Avis Budget Group~$147.4MCut · 0.0% → 0.0%−710,695 shares
- Vereit Inc~$146.9MSold out · 0.0% → 0.0%−3,247,120 shares
- Jpmorgan Chase & Co~$143.9MCut · 1.0% → 0.9%−908,781 shares
- Charter Communications Inc N~$123.9MCut · 0.3% → 0.3%−190,104 shares
- Eqt Corp~$121.5MCut · 0.1% → 0.0%−5,570,849 shares
Holdings
As of Dec 31, 2021. Changes are in shares against Sep 30, 2021, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares −1.1% · price +25.5% | 2.7% | $8.93B | +$1.81B | ||||||||
| MicrosoftCOM · shares −0.8% · price +19.3% | 2.2% | $7.41B | +$1.20B | ||||||||
| AmazonCOM · shares +2.9% · price +1.5% | 1.4% | $4.55B | +$65.3M | ||||||||
| Jpmorgan Chase & CoCOM · shares −4.7% · price −3.3% | 0.88% | $2.93B | −$99.0M | ||||||||
| Pfizer IncCOM · shares −0.9% · price +37.3% | 0.70% | $2.32B | +$628.6M | ||||||||
| MetaCLA · shares +2.9% · price −0.9% | 0.68% | $2.26B | −$19.6M | ||||||||
| AlphabetCLA · shares +1.1% · price +8.4% | 0.64% | $2.12B | +$161.9M | ||||||||
| AlphabetCOM · shares +0.2% · price +8.6% | 0.61% | $2.03B | +$159.6M | ||||||||
| Berkshire Hathaway Inc DelCLB · shares −1.4% · price +9.5% | 0.61% | $2.03B | +$176.5M | ||||||||
| IntelCOM · shares −5.6% · price −3.3% | 0.58% | $1.90B | −$65.9M | ||||||||
| Comcast Corp NewCLA · shares −3.1% · price −10.0% | 0.57% | $1.89B | −$210.5M | ||||||||
| Johnson & JohnsonCOM · shares +4.6% · price +5.9% | 0.56% | $1.86B | +$99.2M | ||||||||
| American TowerCOM · shares −1.0% · price +10.2% | 0.54% | $1.78B | +$165.2M | ||||||||
| PrologisCOM · shares −1.4% · price +34.2% | 0.54% | $1.77B | +$452.4M | ||||||||
| Verizon Communications IncCOM · shares +9.9% · price −3.8% | 0.50% | $1.64B | −$58.9M | ||||||||
| Unitedhealth Group IncCOM · shares −5.9% · price +28.5% | 0.47% | $1.56B | +$346.6M | ||||||||
| Thermo Fisher Scientific IncCOM · shares −0.3% · price +16.8% | 0.47% | $1.56B | +$223.9M | ||||||||
| Bk Of America CorpCOM · shares −3.6% · price +4.8% | 0.46% | $1.53B | +$70.1M | ||||||||
| Walmart IncCOM · shares +3.4% · price +3.8% | 0.46% | $1.52B | +$53.9M | ||||||||
| NvidiaCOM · shares +1.3% · price +42.0% | 0.45% | $1.50B | +$436.4M | ||||||||
| Home Depot IncCOM · shares +2.6% · price +26.4% | 0.44% | $1.46B | +$296.3M | ||||||||
| Procter And Gamble CoCOM · shares +1.5% · price +17.0% | 0.41% | $1.36B | +$194.1M | ||||||||
| AT&TCOM · shares −4.5% · price −8.9% | 0.41% | $1.34B | −$131.8M | ||||||||
| Visa Inc.COM · shares +1.3% · price −2.7% | 0.40% | $1.31B | −$36.1M | ||||||||
| Crown Castle Intl Corp NewCOM · shares −1.8% · price +20.4% | 0.37% | $1.21B | +$204.8M | ||||||||
| Total · 3,537 positions | 100% | $330.75B | +$25.07B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q3 2021 to Q4 2021: 3,409 stocks held throughout, up $25.07B (+8.4%).
- Apple+$1.81B+25%
- Microsoft+$1.20B+19%
- Pfizer Inc+$628.6M+37%
- Prologis+$452.4M+34%
- Nvidia+$436.4M+42%
- AT&T−$131.8M−9%
- Alibaba−$131.9M−20%
- Macquarie Infrastr Hold Llc−$132.5M−91%
- PayPal−$137.0M−28%
- Comcast Corp New−$210.5M−10%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 5 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 11, 2026 | $551.84B+15% | SEC ↗ |
| Q1 2026 | May 7, 2026 | $481.39B+1% | SEC ↗ |
| Q4 2025 | Feb 12, 2026 | $476.72B+2% | SEC ↗ |
| Q3 2025 | Nov 12, 2025 | $466.01B+8% | SEC ↗ |
| Q2 2025 | Aug 12, 2025 | $431.92B+7% | SEC ↗ |
| Q1 2025 | May 13, 2025 | $402.31B−3% | SEC ↗ |
| Q4 2024 | Feb 13, 2025 | $416.38B+1% | SEC ↗ |
| Q3 2024 | Nov 7, 2024 | $412.28B+8% | SEC ↗ |
| Q2 2024 | Aug 9, 2024 | $382.85B+4% | SEC ↗ |
| Q1 2024 | May 10, 2024 | $369.36B+8% | SEC ↗ |
| Q4 2023 | Feb 7, 2024 | $342.47B+12% | SEC ↗ |
| Q3 2023 | Nov 9, 2023 | $304.90B−3% | SEC ↗ |
| Q2 2023 | Aug 9, 2023 | $313.77B+6% | SEC ↗ |
| Q1 2023 | May 12, 2023 | $296.87B−12% | SEC ↗ |
| Q4 2022 | Feb 9, 2023 | $338.47B+30% | SEC ↗ |
| Q3 2022 | Nov 10, 2022 | $260.47B−7% | SEC ↗ |
| Q2 2022 | Aug 12, 2022 | $278.78B−14% | SEC ↗ |
| Q1 2022 | May 13, 2022 | $324.62B−2% | SEC ↗ |
| Q4 2021 | Feb 9, 2022 | $330.75B+7% | SEC ↗ |
| Q3 2021 | Nov 12, 2021 | $310.45B−2% | SEC ↗ |
| Q2 2021 | Aug 12, 2021 | $315.84B+4% | SEC ↗ |
| Q1 2021 | May 14, 2021 | $302.34B+9% | SEC ↗ |
| Q4 2020 | Mar 8, 2021 (amended) | $276.93B+17% | SEC ↗ |
| Q3 2020 | Nov 12, 2020 | $235.82B+4% | SEC ↗ |
| Q2 2020 | Aug 13, 2020 | $227.51B+19% | SEC ↗ |
| Q1 2020 | May 14, 2020 | $191.95B−30% | SEC ↗ |
| Q4 2019 | Feb 14, 2020 | $274.39B+7% | SEC ↗ |
| Q3 2019 | Nov 12, 2019 | $257.34B−0% | SEC ↗ |
| Q2 2019 | Aug 13, 2019 | $257.55B+3% | SEC ↗ |
| Q1 2019 | Aug 12, 2019 (amended) | $251.08B+14% | SEC ↗ |
| Q4 2018 | Feb 26, 2019 (amended) | $220.75B−16% | SEC ↗ |
| Q3 2018 | Nov 13, 2018 | $262.71B+5% | SEC ↗ |
| Q2 2018 | Aug 10, 2018 | $250.84B+5% | SEC ↗ |
| Q1 2018 | May 11, 2018 | $239.94B−1% | SEC ↗ |
| Q4 2017 | Feb 12, 2018 | $241.23B+5% | SEC ↗ |
| Q3 2017 | Nov 13, 2017 | $228.83B+6% | SEC ↗ |
| Q2 2017 | Aug 11, 2017 | $216.59B+4% | SEC ↗ |
| Q1 2017 | May 12, 2017 | $209.23B+5% | SEC ↗ |
| Q4 2016 | Feb 9, 2017 | $200.21B+8% | SEC ↗ |
| Q3 2016 | Nov 10, 2016 | $185.01B+6% | SEC ↗ |
| Q2 2016 | Aug 9, 2016 | $173.79B+4% | SEC ↗ |
| Q1 2016 | May 13, 2016 | $167.06B | SEC ↗ |