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 |
AbbVie
ABBV
|
+$214M |
| 2 |
Verizon
VZ
|
+$148M |
| 3 |
Otis Worldwide
OTIS
|
+$142M |
| 4 |
Baidu
BIDU
|
+$124M |
| 5 |
Alibaba
BABA
|
+$120M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$324M |
| 2 |
Amazon
AMZN
|
+$313M |
| 3 |
Bank of America
BAC
|
+$264M |
| 4 |
AGN
Allergan plc
AGN
|
+$259M |
| 5 |
Wells Fargo
WFC
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.39% |
| 2 | Financials | 16.29% |
| 3 | Industrials | 12.76% |
| 4 | Healthcare | 11.61% |
| 5 | Consumer Discretionary | 11.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Knight Transportation
KNX
$11.4B
| $176M | 0.08% |
4,211,733
+291,372
| +7% | +$11.1M |
|
227
Bank of Montreal
BMO
$126B
| $176M | 0.08% |
3,308,494
-55,019
| -2% | -$2.81M |
|
228
Hewlett Packard
HPE
$59.5B
| $175M | 0.08% |
17,952,856
+199,535
| +1% | +$1.96M |
|
|
TRTN
229
DELISTED
Triton International Limited
TRTN
| $174M | 0.08% |
5,762,779
+63,389
| +1% | +$1.88M |
|
230
Lennar Class A
LEN
$21.1B
| $173M | 0.08% |
2,908,748
-115,135
| -4% | -$5.88M |
|
|
AL
231
DELISTED
Air Lease Corp
AL
| $173M | 0.08% |
5,915,300
+528,395
| +10% | +$14.1M |
|
232
W.P. Carey
WPC
$16.9B
| $173M | 0.08% |
2,614,822
+29,433
| +1% | +$1.83M |
|
233
CNO Financial Group
CNO
$5.02B
| $173M | 0.08% |
11,111,039
-41,472
| -0.4% | -$572K |
|
234
GATX Corp
GATX
$6.6B
| $173M | 0.08% |
2,836,295
-71,045
| -2% | -$4.27M |
|
|
FISV
235
Fiserv Inc
FISV
$29.1B
| $173M | 0.08% |
1,769,676
-82,784
| -4% | -$8.34M |
|
236
Aon
AON
$81.3B
| $172M | 0.08% |
894,138
+57,628
| +7% | +$10.7M |
|
237
KLA
KLAC
$251B
| $172M | 0.08% |
8,820,830
-277,950
| -3% | -$4.75M |
|
238
NetEase
NTES
$82.1B
| $172M | 0.08% |
1,996,955
-22,450
| -1% | -$1.69M |
|
239
Old National Bancorp
ONB
$10.2B
| $171M | 0.08% |
12,393,016
+105,493
| +0.9% | +$1.42M |
|
240
Johnson Controls International
JCI
$85B
| $169M | 0.07% |
4,962,645
+178,251
| +4% | +$5.48M |
|
241
Dollar General
DG
$27.9B
| $169M | 0.07% |
887,710
-203,274
| -19% | -$36.8M |
|
242
Penske Automotive Group
PAG
$14.3B
| $169M | 0.07% |
4,363,120
+291,231
| +7% | +$10.2M |
|
243
Kinder Morgan
KMI
$70.5B
| $169M | 0.07% |
11,117,860
-519,533
| -4% | -$7.9M |
|
244
Moody's
MCO
$84.5B
| $168M | 0.07% |
611,669
+15,486
| +3% | +$3.93M |
|
245
HF Sinclair
DINO
$16.2B
| $168M | 0.07% |
5,744,794
+138,584
| +2% | +$4.12M |
|
246
United Bankshares
UBSI
$6.66B
| $168M | 0.07% |
6,062,631
+677,781
| +13% | +$18.2M |
|
247
DuPont de Nemours
DD
$19.1B
| $168M | 0.07% |
2,514,635
-45,390
| -2% | -$2.65M |
|
248
Snap-on
SNA
$21.6B
| $168M | 0.07% |
1,210,309
+256,617
| +27% | +$32.6M |
|
249
Eastman Chemical
EMN
$7.84B
| $167M | 0.07% |
2,398,488
-200,494
| -8% | -$12.6M |
|
250
United Rentals
URI
$69.5B
| $167M | 0.07% |
1,118,786
-14,321
| -1% | -$1.82M |
|
Similar funds
Dimensional Fund Advisors's Q2 2020 Portfolio in Review
As of Q2 2020, Dimensional Fund Advisors held 3,428 positions worth $228B, up 19% from $192B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q2 2020: portfolio turnover was 4.2%. Dimensional Fund Advisors opened 54 new positions and exited 89, leaving the 3,428-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 16% a quarter earlier, followed by Financials and Industrials.
- Dimensional Fund Advisors's largest Q2 2020 buy was Otis Worldwide: 2,746,401 shares worth $156M.
- Dimensional Fund Advisors added most to AbbVie in Q2 2020, an estimated $214M increase.
- Dimensional Fund Advisors's biggest Q2 2020 reduction was Apple, cutting an estimated $324M.
- Dimensional Fund Advisors fully exited Allergan plc in Q2 2020, selling an estimated $259M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $228B portfolio in Q2 2020.
- Dimensional Fund Advisors opened 54 new positions and closed 89 in Q2 2020.
- Dimensional Fund Advisors's portfolio value rose 19% quarter-over-quarter to $228B.
Based on Dimensional Fund Advisors's 13F filing for Q2 2020, filed 13 Aug 2020.