13F filer · CIK 354204 ↗
Dimensional Fund Advisors LP
You are looking at Q1 2025. See the latest, Q2 2026 →
Reported value
$402.31B
−3.4% on the quarter before
Positions
3,320
64 new · 83 sold out
Top 10
15.5%
of the value
Est. gain
−$16.32B
on stocks held all quarter
Est. return
−4.0%
on those stocks since Q4 2024
Positions as of Mar 31, 2025, 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, 23% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2024. Striped tiles are options.
Largest buys
Since Q4 2024, 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.
- Apple~$563.5MAdded · 3.2% → 3.1%+2,537,265 shares
- Unitedhealth Group Inc~$439.4MAdded · 0.5% → 0.7%+839,002 shares
- Johnson & Johnson~$353.2MAdded · 0.5% → 0.7%+2,129,612 shares
- Core Natural Resources Inc~$225.0MNew · 0.0% → 0.1%+2,918,878 shares
- Amazon~$200.4MAdded · 1.5% → 1.4%+1,053,420 shares
- Microsoft~$198.0MAdded · 2.5% → 2.4%+527,590 shares
- Linde Plc~$151.2MAdded · 0.2% → 0.3%+324,802 shares
- Micron~$123.0MAdded · 0.1% → 0.1%+1,416,174 shares
- Umb Finl Corp~$119.9MAdded · 0.0% → 0.1%+1,185,671 shares
- Procter And Gamble Co~$118.8MAdded · 0.4% → 0.4%+697,366 shares
Largest sells
Since Q4 2024, 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.
- Expand Energy Corporation~$344.5MCut · 0.2% → 0.1%−3,094,419 shares
- Jpmorgan Chase & Co.~$292.7MCut · 1.2% → 1.2%−1,193,576 shares
- Consol Energy Inc New~$171.8MSold out · 0.0% → 0.0%−1,609,966 shares
- Kellanova~$164.6MCut · 0.1% → 0.0%−1,995,554 shares
- Summit Matls Inc~$159.2MSold out · 0.0% → 0.0%−3,147,009 shares
- Aspen Technology Inc~$155.7MSold out · 0.0% → 0.0%−623,820 shares
- Heartland Finl Usa Inc~$152.4MSold out · 0.0% → 0.0%−2,485,919 shares
- Arch Resources Inc~$149.1MSold out · 0.0% → 0.0%−1,055,627 shares
- Independent Bank Group Inc~$149.1MSold out · 0.0% → 0.0%−2,457,003 shares
- Antero Resources Corp~$144.4MCut · 0.1% → 0.1%−3,569,860 shares
Holdings
As of Mar 31, 2025. Changes are in shares against Dec 31, 2024, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares +4.7% · price −11.3% | 3.1% | $12.53B | −$1.53B | ||||||||
| NvidiaCOM · shares −1.1% · price −19.3% | 2.6% | $10.45B | −$2.50B | ||||||||
| MicrosoftCOM · shares +2.1% · price −10.9% | 2.4% | $9.56B | −$1.15B | ||||||||
| AmazonCOM · shares +3.6% · price −13.3% | 1.4% | $5.69B | −$841.7M | ||||||||
| MetaCL A · shares +1.1% · price −1.6% | 1.3% | $5.24B | −$83.3M | ||||||||
| Jpmorgan Chase & Co.COM · shares −5.6% · price +2.3% | 1.2% | $4.93B | +$111.6M | ||||||||
| Exxon Mobil CorpCOM · shares +0.09% · price +10.6% | 0.98% | $3.94B | +$376.1M | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares +0.4% · price +17.5% | 0.97% | $3.90B | +$578.3M | ||||||||
| Eli LillyCOM · shares +2.5% · price +7.0% | 0.78% | $3.14B | +$199.4M | ||||||||
| Visa Inc.COM CL A · shares +0.4% · price +10.9% | 0.74% | $2.97B | +$289.9M | ||||||||
| Johnson & JohnsonCOM · shares +14% · price +14.7% | 0.70% | $2.80B | +$313.5M | ||||||||
| AlphabetCAP STK CL A · shares +1.2% · price −18.3% | 0.69% | $2.78B | −$616.4M | ||||||||
| Unitedhealth Group IncCOM · shares +19% · price +3.5% | 0.68% | $2.72B | +$77.7M | ||||||||
| AlphabetCAP STK CL C · shares +1.9% · price −18.0% | 0.58% | $2.32B | −$499.3M | ||||||||
| MastercardCL A · shares −0.4% · price +4.1% | 0.57% | $2.28B | +$89.5M | ||||||||
| Chevron Corp NewCOM · shares +0.3% · price +15.5% | 0.51% | $2.05B | +$274.8M | ||||||||
| Abbvie IncCOM · shares +0.5% · price +17.9% | 0.49% | $1.97B | +$298.0M | ||||||||
| Costco Whsl Corp NewCOM · shares +1.8% · price +3.2% | 0.47% | $1.89B | +$57.7M | ||||||||
| Home Depot IncCOM · shares +1.3% · price −5.8% | 0.46% | $1.83B | −$111.4M | ||||||||
| CiscoCOM · shares −0.4% · price +4.2% | 0.45% | $1.81B | +$73.4M | ||||||||
| Procter And Gamble CoCOM · shares +7.2% · price +1.6% | 0.44% | $1.77B | +$26.8M | ||||||||
| BroadcomCOM · shares +0.3% · price −27.8% | 0.43% | $1.71B | −$658.3M | ||||||||
| Shell PlcSPON ADS · shares +2.0% · price +17.0% | 0.42% | $1.71B | +$242.6M | ||||||||
| Verizon Communications IncCOM · shares −4.2% · price +13.4% | 0.40% | $1.60B | +$189.7M | ||||||||
| AT&TCOM · shares +2.5% · price +24.2% | 0.37% | $1.51B | +$286.7M | ||||||||
| Total · 3,320 positions | 100% | $402.31B | −$16.32B |
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 Q4 2024 to Q1 2025: 3,256 stocks held throughout, down $16.32B (−4.0%).
- Berkshire Hathaway Inc Del+$578.3M+17%
- Exxon Mobil Corp+$376.1M+11%
- Johnson & Johnson+$313.5M+15%
- Abbvie Inc+$298.0M+18%
- Visa Inc.+$289.9M+11%
- Tesla−$671.3M−36%
- Amazon−$841.7M−13%
- Microsoft−$1.15B−11%
- Apple−$1.53B−11%
- Nvidia−$2.50B−19%
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 ↗ |