13F filer · CIK 354204 ↗
Dimensional Fund Advisors LP
You are looking at Q4 2025. See the latest, Q2 2026 →
Reported value
$476.72B
+2.3% on the quarter before
Positions
3,240
76 new · 107 sold out
Top 10
17.7%
of the value
Est. gain
+$10.30B
on stocks held all quarter
Est. return
+2.3%
on those stocks since Q3 2025
Positions as of Dec 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, 25% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2025. Striped tiles are options.
Largest buys
Since Q3 2025, 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~$464.0MAdded · 1.5% → 1.4%+702,836 shares
- Amazon~$376.4MAdded · 1.4% → 1.5%+1,630,567 shares
- Microsoft~$296.9MAdded · 2.9% → 2.7%+613,776 shares
- Unilever Plc~$286.6MNew · 0.0% → 0.1%+4,382,852 shares
- Cushman And Wakefield Ltd~$208.1MNew · 0.0% → 0.0%+12,850,956 shares
- Omnicom Group~$180.4MAdded · 0.0% → 0.1%+2,233,717 shares
- Nvidia~$172.3MAdded · 3.7% → 3.7%+923,689 shares
- Merck & Co Inc~$169.3MAdded · 0.2% → 0.3%+1,608,609 shares
- Welltower Inc~$163.1MAdded · 0.3% → 0.3%+878,914 shares
- Qualcomm~$155.8MAdded · 0.2% → 0.3%+911,034 shares
Largest sells
Since Q3 2025, 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.
- Alphabet~$738.9MCut · 0.9% → 1.0%−2,354,680 shares
- Alphabet~$463.4MCut · 1.1% → 1.3%−1,480,477 shares
- Mr Cooper Group Inc~$429.9MSold out · 0.1% → 0.0%−2,039,519 shares
- Exxon Mobil Corp~$397.4MCut · 0.7% → 0.7%−3,302,138 shares
- Unilever Plc~$283.5MSold out · 0.1% → 0.0%−4,782,828 shares
- Cushman Wakefield Plc~$202.8MSold out · 0.0% → 0.0%−12,740,993 shares
- Interpublic Group Cos Inc~$202.6MSold out · 0.0% → 0.0%−7,261,060 shares
- AppLovin~$200.7MCut · 0.3% → 0.2%−297,710 shares
- Air Lease Corp~$180.3MCut · 0.1% → 0.1%−2,807,673 shares
- Morgan Stanley~$175.2MCut · 0.3% → 0.3%−986,600 shares
Holdings
As of Dec 31, 2025. Changes are in shares against Sep 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NvidiaCOM · shares +1.0% · price −0.0% | 3.7% | $17.52B | −$4.7M | ||||||||
| AppleCOM · shares +0.4% · price +6.8% | 3.3% | $15.65B | +$988.4M | ||||||||
| MicrosoftCOM · shares +2.4% · price −6.6% | 2.7% | $12.84B | −$888.6M | ||||||||
| AmazonCOM · shares +5.4% · price +5.1% | 1.5% | $7.32B | +$338.0M | ||||||||
| MetaCL A · shares +7.5% · price −10.1% | 1.4% | $6.62B | −$692.8M | ||||||||
| AlphabetCAP STK CL A · shares −7.2% · price +28.8% | 1.3% | $5.98B | +$1.34B | ||||||||
| Jpmorgan Chase & Co.COM · shares −1.8% · price +2.2% | 1.2% | $5.92B | +$124.8M | ||||||||
| AlphabetCAP STK CL C · shares −14% · price +28.8% | 0.98% | $4.67B | +$1.05B | ||||||||
| Eli LillyCOM · shares +0.2% · price +40.9% | 0.85% | $4.05B | +$1.17B | ||||||||
| BroadcomCOM · shares +2.1% · price +4.9% | 0.84% | $4.02B | +$184.2M | ||||||||
| Johnson & JohnsonCOM · shares −4.3% · price +11.6% | 0.75% | $3.57B | +$371.9M | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares +0.1% · price −0.0% | 0.75% | $3.57B | −$315,530 | ||||||||
| Exxon Mobil CorpCOM · shares −11% · price +6.7% | 0.68% | $3.23B | +$203.5M | ||||||||
| Visa Inc.COM CL A · shares +1.3% · price +2.7% | 0.63% | $2.99B | +$78.8M | ||||||||
| MastercardCL A · shares +1.7% · price +0.4% | 0.50% | $2.39B | +$8.7M | ||||||||
| Chevron Corp NewCOM · shares −2.7% · price −1.9% | 0.47% | $2.24B | −$42.5M | ||||||||
| TeslaCOM · shares −0.3% · price +1.1% | 0.46% | $2.19B | +$24.5M | ||||||||
| CiscoCOM · shares −2.7% · price +12.6% | 0.45% | $2.16B | +$241.7M | ||||||||
| MicronCOM · shares −0.4% · price +70.6% | 0.41% | $1.96B | +$813.1M | ||||||||
| Abbvie IncCOM · shares −7.1% · price −1.3% | 0.40% | $1.89B | −$24.8M | ||||||||
| Wells Fargo Co NewCOM · shares −0.2% · price +11.2% | 0.39% | $1.86B | +$187.0M | ||||||||
| Home Depot IncCOM · shares +1.7% · price −15.1% | 0.37% | $1.77B | −$308.0M | ||||||||
| Shell PlcSPON ADS · shares −3.0% · price +2.7% | 0.37% | $1.74B | +$46.1M | ||||||||
| Unitedhealth Group IncCOM · shares −2.1% · price −4.4% | 0.36% | $1.74B | −$79.9M | ||||||||
| Walmart IncCOM · shares +0.7% · price +8.1% | 0.36% | $1.74B | +$129.4M | ||||||||
| Total · 3,240 positions | 100% | $476.72B | +$10.30B |
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 2025 to Q4 2025: 3,164 stocks held throughout, up $10.30B (+2.3%).
- Alphabet+$1.34B+29%
- Eli Lilly+$1.17B+41%
- Alphabet+$1.05B+29%
- Apple+$988.4M+7%
- Micron+$813.1M+71%
- Netflix11:1 split−$238.0M−14%
- Home Depot Inc−$308.0M−15%
- Meta−$692.8M−10%
- Oracle−$726.7M−31%
- Microsoft−$888.6M−7%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 9 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 ↗ |