13F filer · CIK 354204 ↗
Dimensional Fund Advisors LP
You are looking at Q4 2023. See the latest, Q2 2026 →
Reported value
$342.47B
+12% on the quarter before
Positions
3,412
57 new · 112 sold out
Top 10
12.1%
of the value
Est. gain
+$33.79B
on stocks held all quarter
Est. return
+11.4%
on those stocks since Q3 2023
Positions as of Dec 31, 2023, 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, 19% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2023. Striped tiles are options.
Largest buys
Since Q3 2023, 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.
- Nvidia~$961.5MAdded · 0.6% → 0.9%+1,941,637 shares
- Bunge Global Sa~$215.9MNew · 0.0% → 0.1%+2,138,378 shares
- Cisco~$201.6MAdded · 0.2% → 0.3%+3,989,543 shares
- Amazon~$164.7MAdded · 1.0% → 1.1%+1,084,159 shares
- Johnson & Johnson~$152.9MAdded · 0.5% → 0.5%+975,485 shares
- PDD Holdings~$131.4MAdded · 0.0% → 0.1%+897,853 shares
- Brookfield Infrastructure Co~$121.9MAdded · 0.0% → 0.0%+3,456,621 shares
- Jpmorgan Chase & Co~$118.3MAdded · 1.0% → 1.1%+695,502 shares
- Abbott Labs~$114.5MAdded · 0.1% → 0.2%+1,040,046 shares
- Broadcom~$100.9MAdded · 0.5% → 0.7%+90,397 shares
Largest sells
Since Q3 2023, 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.
- Meta~$467.7MCut · 1.0% → 0.9%−1,321,156 shares
- Merck & Co Inc~$306.1MCut · 0.3% → 0.2%−2,807,658 shares
- Activision Blizzard Inc~$304.9MSold out · 0.1% → 0.0%−3,256,116 shares
- Hostess Brands Inc~$299.4MSold out · 0.1% → 0.0%−8,989,417 shares
- Triton Intl Ltd~$281.7MSold out · 0.1% → 0.0%−3,424,312 shares
- Bunge Limited~$226.9MSold out · 0.1% → 0.0%−2,095,786 shares
- Builders Firstsource Inc~$193.3MCut · 0.2% → 0.1%−1,158,056 shares
- Apple~$183.7MCut · 2.7% → 2.6%−953,904 shares
- Veritiv Corp~$173.2MSold out · 0.1% → 0.0%−1,025,341 shares
- Micron~$160.8MCut · 0.2% → 0.2%−1,883,751 shares
Holdings
As of Dec 31, 2023. Changes are in shares against Sep 30, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares −2.0% · price +12.5% | 2.6% | $8.96B | +$992.7M | ||||||||
| MicrosoftCOM · shares −1.2% · price +19.1% | 2.5% | $8.54B | +$1.37B | ||||||||
| AmazonCOM · shares +4.7% · price +19.5% | 1.1% | $3.70B | +$576.9M | ||||||||
| Jpmorgan Chase & CoCOM · shares +3.4% · price +17.3% | 1.1% | $3.63B | +$517.4M | ||||||||
| Exxon Mobil CorpCOM · shares −0.2% · price −15.0% | 0.96% | $3.29B | −$579.4M | ||||||||
| NvidiaCOM · shares +44% · price +13.8% | 0.92% | $3.14B | +$265.5M | ||||||||
| MetaCL A · shares −13% · price +17.9% | 0.91% | $3.11B | +$472.9M | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares +0.9% · price +1.8% | 0.75% | $2.58B | +$45.3M | ||||||||
| BroadcomCOM · shares +4.5% · price +34.4% | 0.68% | $2.33B | +$571.5M | ||||||||
| AlphabetCAP STK CL A · shares +1.0% · price +6.7% | 0.64% | $2.19B | +$136.9M | ||||||||
| Chevron Corp NewCOM · shares −5.1% · price −11.5% | 0.58% | $1.99B | −$259.3M | ||||||||
| Eli LillyCOM · shares +0.8% · price +8.5% | 0.58% | $1.98B | +$154.1M | ||||||||
| AlphabetCAP STK CL C · shares −0.03% · price +6.9% | 0.57% | $1.94B | +$124.6M | ||||||||
| Visa Inc.COM CL A · shares +5.3% · price +13.2% | 0.52% | $1.77B | +$195.7M | ||||||||
| PrologisCOM · shares −0.7% · price +18.8% | 0.50% | $1.71B | +$270.7M | ||||||||
| Comcast Corp NewCL A · shares −1.8% · price −1.1% | 0.48% | $1.65B | −$18.6M | ||||||||
| MastercardCL A · shares +2.8% · price +7.7% | 0.47% | $1.60B | +$111.3M | ||||||||
| Johnson & JohnsonCOM · shares +11% · price +0.6% | 0.47% | $1.59B | +$9.0M | ||||||||
| Shell PlcSPON ADS · shares −2.0% · price +2.2% | 0.43% | $1.49B | +$31.8M | ||||||||
| Home Depot IncCOM · shares +3.6% · price +14.7% | 0.43% | $1.46B | +$180.5M | ||||||||
| American TowerCOM · shares −0.5% · price +31.3% | 0.41% | $1.39B | +$332.3M | ||||||||
| ConocophillipsCOM · shares +2.3% · price −3.1% | 0.41% | $1.39B | −$44.0M | ||||||||
| Verizon Communications IncCOM · shares −6.0% · price +16.3% | 0.39% | $1.34B | +$187.7M | ||||||||
| Unitedhealth Group IncCOM · shares +0.7% · price +4.4% | 0.39% | $1.33B | +$55.9M | ||||||||
| Procter And Gamble CoCOM · shares −2.1% · price +0.5% | 0.36% | $1.25B | +$5.7M | ||||||||
| Total · 3,412 positions | 100% | $342.47B | +$33.79B |
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 2023 to Q4 2023: 3,355 stocks held throughout, up $33.79B (+11.4%).
- Microsoft+$1.37B+19%
- Apple+$992.7M+12%
- Amazon+$576.9M+20%
- Broadcom+$571.5M+34%
- Jpmorgan Chase & Co+$517.4M+17%
- Pbf Energy Inc−$69.5M−18%
- Bristol-Myers Squibb Co−$105.8M−12%
- Pfizer Inc−$183.5M−13%
- Chevron Corp New−$259.3M−12%
- Exxon Mobil Corp−$579.4M−15%
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 ↗ |