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 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$221M |
| 2 |
WillScot Mobile Mini Holdings
WSC
|
+$137M |
| 3 |
First Horizon
FHN
|
+$120M |
| 4 |
Alibaba
BABA
|
+$116M |
| 5 |
Brookfield Renewable
BEPC
|
+$85.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$732M |
| 2 |
TECD
Tech Data Corp
TECD
|
+$350M |
| 3 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$242M |
| 4 |
Pfizer
PFE
|
+$211M |
| 5 |
LM
Legg Mason, Inc.
LM
|
+$177M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.28% |
| 2 | Financials | 15.39% |
| 3 | Industrials | 13.31% |
| 4 | Consumer Discretionary | 12.36% |
| 5 | Healthcare | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MGLN
326
DELISTED
Magellan Health Services, Inc.
MGLN
| $146M | 0.06% |
1,932,815
-63,103
| -3% | -$4.69M |
|
|
FL
327
DELISTED
Foot Locker
FL
| $146M | 0.06% |
4,428,057
-196,571
| -4% | -$5.99M |
|
328
ManpowerGroup
MAN
$2.42B
| $146M | 0.06% |
1,989,453
+55,134
| +3% | +$3.96M |
|
329
O'Reilly Automotive
ORLY
$72.5B
| $146M | 0.06% |
4,745,640
+43,905
| +0.9% | +$1.33M |
|
330
Boston Beer
SAM
$1.9B
| $146M | 0.06% |
165,020
-9,048
| -5% | -$7.15M |
|
331
Plexus
PLXS
$6.73B
| $146M | 0.06% |
2,063,124
-115,933
| -5% | -$8.5M |
|
332
CBRE Group
CBRE
$42.6B
| $145M | 0.06% |
3,086,620
+138,940
| +5% | +$6.34M |
|
333
Bunge Global
BG
$20.2B
| $144M | 0.06% |
3,161,591
-63,377
| -2% | -$2.83M |
|
334
Telephone and Data Systems
TDS
$3.78B
| $144M | 0.06% |
7,808,638
-312,450
| -4% | -$6.57M |
|
335
CNX Resources
CNX
$4.96B
| $144M | 0.06% |
15,225,180
-496,437
| -3% | -$5.06M |
|
336
Zions Bancorporation
ZION
$10.2B
| $144M | 0.06% |
4,912,535
+64,408
| +1% | +$2.08M |
|
337
EQT Corp
EQT
$33B
| $144M | 0.06% |
11,101,013
+946,399
| +9% | +$13.9M |
|
338
Dover
DOV
$27.5B
| $143M | 0.06% |
1,324,219
+1,384
| +0.1% | +$148K |
|
339
Sensata Technologies
ST
$6.8B
| $143M | 0.06% |
3,316,787
-135,150
| -4% | -$5.49M |
|
|
340
WillScot Mobile Mini Holdings
WSC
$4.38B
| $143M | 0.06% |
+8,572,662
| New | +$137M |
|
341
Ball Corp
BALL
$17.2B
| $143M | 0.06% |
1,717,671
-80,253
| -4% | -$6.17M |
|
342
Sanmina
SANM
$10.2B
| $143M | 0.06% |
5,276,672
-323,319
| -6% | -$8.8M |
|
343
CF Industries
CF
$19.2B
| $142M | 0.06% |
4,636,225
+112,868
| +2% | +$3.6M |
|
|
SCHW
344
Charles Schwab
SCHW
$183B
| $142M | 0.06% |
3,922,129
+123,687
| +3% | +$4.3M |
|
345
Infosys
INFY
$48.5B
| $142M | 0.06% |
10,292,461
-145,869
| -1% | -$1.82M |
|
346
ICICI Bank
IBN
$108B
| $142M | 0.06% |
14,434,582
-181,862
| -1% | -$1.81M |
|
347
Ross Stores
ROST
$80.7B
| $142M | 0.06% |
1,519,085
+21,235
| +1% | +$1.91M |
|
348
Universal Health Services
UHS
$9.98B
| $142M | 0.06% |
1,323,311
+3,402
| +0.3% | +$364K |
|
349
Kinder Morgan
KMI
$71.4B
| $141M | 0.06% |
11,469,475
+351,615
| +3% | +$4.9M |
|
350
General Dynamics
GD
$104B
| $141M | 0.06% |
1,015,974
+13,689
| +1% | +$2.02M |
|
Similar funds
Dimensional Fund Advisors's Q3 2020 Portfolio in Review
As of Q3 2020, Dimensional Fund Advisors held 3,412 positions worth $236B, up 3.6% from $228B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 4.5%. Dimensional Fund Advisors opened 74 new positions and exited 81, leaving the 3,412-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 16% a quarter earlier, followed by Financials and Industrials.
- Dimensional Fund Advisors's largest Q3 2020 buy was WillScot Mobile Mini Holdings: 8,572,662 shares worth $143M.
- Dimensional Fund Advisors added most to Royal Dutch Shell PLC ADS Class B in Q3 2020, an estimated $221M increase.
- Dimensional Fund Advisors's biggest Q3 2020 reduction was Apple, cutting an estimated $732M.
- Dimensional Fund Advisors fully exited Tech Data Corp in Q3 2020, selling an estimated $350M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $236B portfolio in Q3 2020.
- Dimensional Fund Advisors opened 74 new positions and closed 81 in Q3 2020.
- Dimensional Fund Advisors's portfolio value rose 3.6% quarter-over-quarter to $236B.
Based on Dimensional Fund Advisors's 13F filing for Q3 2020, filed 12 Nov 2020.