DIMENSIONAL FUND ADVISORS LP

Quant stat arb Low signal CIK 354204
League rank
#90
in Quant stat arb · #2543 overall
Long book
$481.39B
Q1 2026
Positions
3215
Top-10 weight
17%
concentration
Last quarter
+13.1%
SPY +14.8%
Turnover
6%
of book per quarter

Strategy in plain words

auto-generated from filings

DIMENSIONAL FUND ADVISORS LP is a quantitative fund whose holdings reflect models, not opinions, running a $481.39B US long book across 3215 positions.

The portfolio is broadly diversified across 3215 positions (top 10 only 17%). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, META PLATFORMS INC-CLASS A.

Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-0.1%
Q2 2024
+7.4%
Q3 2024
-0.0%
Q4 2024
-3.5%
Q1 2025
+7.4%
Q2 2025
+7.8%
Q3 2025
+2.7%
Q4 2025
+0.6%
Q1 2026
+13.1%

Sector allocation

Technology
24%
Financials
17%
Industrials
15%
Consumer discretionary
9%
Healthcare
8%
Energy
6%
Services media
5%
Other
5%

Long book by quarter

$369.36B
Q1 2024
$382.85B
Q2 2024
$412.28B
Q3 2024
$416.38B
Q4 2024
$402.31B
Q1 2025
$431.92B
Q2 2025
$466.01B
Q3 2025
$476.72B
Q4 2025
$481.39B
Q1 2026

What does DIMENSIONAL FUND own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology94.5M$16.48B3.4%+0.6%
AAPL APPLE INCTechnology58.6M$14.86B3.1%+1.7%
MSFT MICROSOFT CORPTechnology29.3M$10.85B2.3%+10.5%
AMZN AMAZON.COM INCConsumer discretionary39.0M$8.13B1.7%+23.0%
META META PLATFORMS INC-CLASS ATechnology10.4M$5.96B1.2%+4.0%
JPM JPMORGAN CHASE & COFinancials19.0M$5.58B1.2%+3.3%
GOOGL ALPHABET INC-CL ATechnology18.3M$5.26B1.1%-4.3%
XOM EXXON MOBIL CORPEnergy28.4M$4.81B1.0%+5.7%
GOOG ALPHABET INC-CL CTechnology14.7M$4.22B0.9%-1.2%
AVGO BROADCOM INCTechnology12.7M$3.94B0.8%+9.6%
JNJ JOHNSON & JOHNSONHealthcare15.8M$3.87B0.8%-8.2%
LLY ELI LILLY & COHealthcare3.9M$3.58B0.7%+3.3%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials7.3M$3.51B0.7%+3.2%
CVX CHEVRON CORPEnergy13.4M$2.76B0.6%-9.1%
V VISA INC-CLASS A SHARESServices media8.8M$2.67B0.6%+3.7%
MU MICRON TECHNOLOGY INCTechnology7.0M$2.35B0.5%+1.3%
CSCO CISCO SYSTEMS INCTechnology27.6M$2.14B0.4%-1.6%
MA MASTERCARD INC - AServices media4.2M$2.11B0.4%+1.0%
WMT WALMART INCConsumer discretionary16.1M$2.00B0.4%+3.3%
CAT CATERPILLAR INCIndustrials2.7M$1.94B0.4%-0.9%
TSLA TESLA INCIndustrials5.1M$1.91B0.4%+5.6%
MRK MERCK & CO. INC.Healthcare15.5M$1.86B0.4%+23.8%
HD HOME DEPOT INCConsumer discretionary5.2M$1.72B0.4%+1.7%
PG PROCTER & GAMBLE CO/THEOther11.8M$1.70B0.4%+2.6%
COST COSTCO WHOLESALE CORPConsumer discretionary1.7M$1.68B0.3%+0.6%
VZ VERIZON COMMUNICATIONS INCCommunications32.7M$1.64B0.3%+6.4%
ABBV ABBVIE INCHealthcare7.4M$1.61B0.3%-10.5%
GS GOLDMAN SACHS GROUP INCFinancials1.8M$1.56B0.3%+0.5%
BAC BANK OF AMERICA CORPFinancials31.1M$1.52B0.3%+1.8%
RTX RTX CORPIndustrials7.6M$1.48B0.3%+1.3%
WFC WELLS FARGO & COFinancials18.5M$1.47B0.3%-7.3%
COP CONOCOPHILLIPSEnergy11.0M$1.46B0.3%+0.7%
NFLX NETFLIX INCServices media15.1M$1.46B0.3%-5.4%
T AT&T INCCommunications50.1M$1.45B0.3%+0.1%
KO COCA-COLA CO/THEConsumer staples18.8M$1.43B0.3%+1.3%
ASML ASML HOLDING NV-NY REG SHSIndustrials1.0M$1.36B0.3%+1.8%
LIN LINDE PLCMaterials2.7M$1.36B0.3%+2.4%
UNH UNITEDHEALTH GROUP INCFinancials5.0M$1.35B0.3%-5.1%
LRCX LAM RESEARCH CORPIndustrials6.3M$1.35B0.3%+2.5%
ORCL ORACLE CORPTechnology8.6M$1.26B0.3%+1.7%
PEP PEPSICO INCConsumer staples8.0M$1.25B0.3%+1.4%
IBM INTL BUSINESS MACHINES CORPTechnology5.1M$1.25B0.3%+2.0%
MS MORGAN STANLEYFinancials7.2M$1.19B0.2%+0.9%
AMGN AMGEN INCHealthcare3.3M$1.16B0.2%+2.3%
BMY BRISTOL-MYERS SQUIBB COHealthcare18.8M$1.14B0.2%+2.9%
DE DEERE & COIndustrials1.9M$1.10B0.2%-2.8%
GILD GILEAD SCIENCES INCHealthcare7.7M$1.08B0.2%-12.7%
GM GENERAL MOTORS COIndustrials14.2M$1.06B0.2%+0.5%
KLAC KLA CORPOther716.1K$1.05B0.2%+0.1%
AMD ADVANCED MICRO DEVICESTechnology5.1M$1.05B0.2%+6.0%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 7, 202613635$481.39B canonicalSEC ↗
Q4 202513F-HRFeb 12, 202613709$476.72B canonicalSEC ↗
Q3 202513F-HRNov 12, 202513709$466.01B canonicalSEC ↗
Q2 202513F-HRAug 12, 202513721$431.92B canonicalSEC ↗
Q1 202513F-HRMay 13, 202513824$402.31B canonicalSEC ↗
Q4 202413F-HRFeb 13, 202514589$416.38B canonicalSEC ↗
Q3 202413F-HRNov 7, 202414570$412.28B canonicalSEC ↗
Q2 202413F-HRAug 9, 202414646$382.85B canonicalSEC ↗
Q1 202413F-HRMay 10, 20243350$369.36B canonicalSEC ↗