Dimensional Fund Advisors Portfolio holdings
Dimensional Fund Advisors (DFA), founded in 1981 by David Booth and Rex Sinquefield and headquartered in Austin, Texas, is an investment management firm renowned for its evidence-based, low-cost approach to investing, grounded in academic research from Nobel laureates like Eugene Fama and Kenneth French. Managing hundreds of billions in assets, DFA focuses on systematic, passive strategies that tilt toward factors like small-cap, value, and profitability stocks, primarily through mutual funds and institutional portfolios rather than retail brokerage services. The firm’s philosophy eschews market timing and stock picking, instead emphasizing diversification and efficient market exposure, often requiring investors to access its funds through approved financial advisors. With a global presence and a reputation for disciplined, data-driven investing, DFA has carved a unique niche in the industry, blending academic rigor with practical application.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$179M |
| 2 |
Prologis
PLD
|
+$125M |
| 3 |
Visa
V
|
+$98.1M |
| 4 |
Walt Disney
DIS
|
+$85.8M |
| 5 |
Halliburton
HAL
|
+$69.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$322M |
| 2 |
AT&T
T
|
+$257M |
| 3 |
ExxonMobil
XOM
|
+$239M |
| 4 |
JPMorgan Chase
JPM
|
+$239M |
| 5 |
AYR
Aircastle Ltd
AYR
|
+$206M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.39% |
| 2 | Technology | 15.83% |
| 3 | Industrials | 12.66% |
| 4 | Healthcare | 11.95% |
| 5 | Consumer Discretionary | 9.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AEL
226
DELISTED
American Equity Investment Life Holding Company
AEL
| $141M | 0.07% |
7,484,956
-93,982
| -1% | -$2.4M |
|
227
Amkor Technology
AMKR
$11.5B
| $141M | 0.07% |
18,041,098
-11,363
| -0.1% | -$123K |
|
|
MANT
228
DELISTED
Mantech International Corp
MANT
| $140M | 0.07% |
1,932,320
-143,628
| -7% | -$11.2M |
|
229
Skyworks Solutions
SWKS
$9.79B
| $140M | 0.07% |
1,569,542
-15,606
| -1% | -$1.67M |
|
230
Vishay Intertechnology
VSH
$5.09B
| $140M | 0.07% |
9,729,327
+67,499
| +0.7% | +$1.28M |
|
231
CME Group
CME
$93.3B
| $140M | 0.07% |
810,062
-43,106
| -5% | -$8.58M |
|
232
NETSCOUT
NTCT
$2.89B
| $140M | 0.07% |
5,914,476
-105,439
| -2% | -$2.67M |
|
233
Best Buy
BBY
$18.8B
| $140M | 0.07% |
2,447,723
+6,728
| +0.3% | +$533K |
|
234
Scotiabank
BNS
$108B
| $139M | 0.07% |
3,433,647
+381,489
| +12% | +$19.3M |
|
|
AMED
235
DELISTED
Amedisys
AMED
| $139M | 0.07% |
758,554
-31,226
| -4% | -$5.56M |
|
236
Colgate-Palmolive
CL
$74.6B
| $138M | 0.07% |
2,083,753
+343,028
| +20% | +$24.2M |
|
237
CNO Financial Group
CNO
$5B
| $138M | 0.07% |
11,152,511
| – | – |
|
238
Vulcan Materials
VMC
$37.4B
| $138M | 0.07% |
1,279,057
+10,345
| +0.8% | +$1.32M |
|
239
MSCI
MSCI
$42.1B
| $138M | 0.07% |
477,984
-5,681
| -1% | -$1.61M |
|
240
Aon
AON
$81.3B
| $138M | 0.07% |
836,510
+40,414
| +5% | +$8.27M |
|
241
MetLife
MET
$62.5B
| $138M | 0.07% |
4,513,803
-668,380
| -13% | -$29.6M |
|
242
Blackrock
BLK
$171B
| $138M | 0.07% |
313,457
-11,646
| -4% | -$5.74M |
|
243
HF Sinclair
DINO
$16.4B
| $137M | 0.07% |
5,606,210
+511,892
| +10% | +$19.1M |
|
244
Diodes
DIOD
$3.76B
| $137M | 0.07% |
3,367,203
-157,974
| -4% | -$7.58M |
|
245
Steel Dynamics
STLD
$37.5B
| $137M | 0.07% |
6,066,165
+201,265
| +3% | +$5.51M |
|
246
World Kinect Corp
WKC
$2.08B
| $136M | 0.07% |
5,417,764
+50,606
| +0.9% | +$1.73M |
|
247
U-Haul Holding Co
UHAL
$14.4B
| $135M | 0.07% |
4,662,050
-13,060
| -0.3% | -$441K |
|
248
LyondellBasell Industries
LYB
$19B
| $135M | 0.07% |
2,729,015
+361,539
| +15% | +$26.6M |
|
249
BorgWarner
BWA
$13B
| $135M | 0.07% |
6,306,956
+644,322
| +11% | +$18.6M |
|
|
BLD
250
DELISTED
TopBuild
BLD
| $135M | 0.07% |
1,887,436
-178,352
| -9% | -$18.2M |
|
Similar funds
Dimensional Fund Advisors's Q1 2020 Portfolio in Review
As of Q1 2020, Dimensional Fund Advisors held 3,447 positions worth $192B, down 30% from $274B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q1 2020: portfolio turnover was 4.1%. Dimensional Fund Advisors opened 68 new positions and exited 73, leaving the 3,447-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 19% a quarter earlier, followed by Technology and Industrials.
- Dimensional Fund Advisors's largest Q1 2020 buy was Natura &Co Holding S.A. American Depositary Shares (each representing two Common Shares): 2,843,834 shares worth $28M.
- Dimensional Fund Advisors added most to Alibaba in Q1 2020, an estimated $179M increase.
- Dimensional Fund Advisors's biggest Q1 2020 reduction was Intel, cutting an estimated $322M.
- Dimensional Fund Advisors fully exited Aircastle Ltd in Q1 2020, selling an estimated $206M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $192B portfolio in Q1 2020.
- Dimensional Fund Advisors opened 68 new positions and closed 73 in Q1 2020.
- Dimensional Fund Advisors's portfolio value fell 30% quarter-over-quarter to $192B.
Based on Dimensional Fund Advisors's 13F filing for Q1 2020, filed 14 May 2020.