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 |
Truist Financial
TFC
|
+$224M |
| 2 |
PARA
Paramount Global Class B
PARA
|
+$123M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$117M |
| 4 |
Bank of America
BAC
|
+$78.7M |
| 5 |
Valley National Bancorp
VLY
|
+$61.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$411M |
| 2 |
STI
SunTrust Banks, Inc.
STI
|
+$228M |
| 3 |
CELG
Celgene Corp
CELG
|
+$198M |
| 4 |
Walmart Inc
WMT
|
+$177M |
| 5 |
GWR
Genesee & Wyoming Inc.
GWR
|
+$172M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.31% |
| 2 | Technology | 14.29% |
| 3 | Industrials | 13.48% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Healthcare | 10.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
SouthState Bank Corp
SSB
$10.3B
| $171M | 0.06% |
1,965,660
+8,564
| +0.4% | +$695K |
|
352
Cirrus Logic
CRUS
$5.94B
| $170M | 0.06% |
2,068,060
-51,263
| -2% | -$3.47M |
|
|
HZNP
353
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $169M | 0.06% |
4,681,963
-204,910
| -4% | -$6.28M |
|
|
CXO
354
DELISTED
CONCHO RESOURCES INC.
CXO
| $169M | 0.06% |
1,933,032
+35,457
| +2% | +$2.56M |
|
|
MRSH
355
Marsh
MRSH
$85.4B
| $169M | 0.06% |
1,518,696
-38,319
| -2% | -$4M |
|
|
ARGO
356
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $169M | 0.06% |
2,567,700
+25,043
| +1% | +$1.64M |
|
357
Ameriprise Financial
AMP
$49.3B
| $169M | 0.06% |
1,013,042
-4,366
| -0.4% | -$677K |
|
358
Parker-Hannifin
PH
$117B
| $169M | 0.06% |
819,861
-2,727
| -0.3% | -$528K |
|
|
FMBI
359
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $169M | 0.06% |
7,308,940
+139,426
| +2% | +$2.97M |
|
360
Delek US
DK
$4.62B
| $168M | 0.06% |
5,017,904
+6,805
| +0.1% | +$245K |
|
361
T. Rowe Price
TROW
$22.2B
| $167M | 0.06% |
1,372,283
-12,822
| -0.9% | -$1.51M |
|
362
MGM Resorts International
MGM
$9.98B
| $167M | 0.06% |
5,017,752
-33,722
| -0.7% | -$1.03M |
|
363
Reinsurance Group of America
RGA
$16.1B
| $167M | 0.06% |
1,022,778
-12,895
| -1% | -$2.09M |
|
364
Rio Tinto
RIO
$158B
| $167M | 0.06% |
2,808,295
-20,267
| -0.7% | -$1.1M |
|
365
Leidos
LDOS
$16.4B
| $166M | 0.06% |
1,700,143
-331
| -0% | -$29.2K |
|
366
Goodyear
GT
$1.53B
| $166M | 0.06% |
10,685,731
+680,521
| +7% | +$10.6M |
|
|
MANT
367
DELISTED
Mantech International Corp
MANT
| $166M | 0.06% |
2,075,948
-86,906
| -4% | -$6.52M |
|
368
Aon
AON
$65.6B
| $166M | 0.06% |
796,096
+5,287
| +0.7% | +$1.05M |
|
369
Qorvo
QRVO
$9.77B
| $165M | 0.06% |
1,419,516
+16,099
| +1% | +$1.56M |
|
370
Selective Insurance
SIGI
$5.33B
| $165M | 0.06% |
2,526,659
-394,989
| -14% | -$27.3M |
|
371
Lennar Class A
LEN
$19.1B
| $164M | 0.06% |
3,029,350
-93,673
| -3% | -$5.34M |
|
372
Blackrock
BLK
$165B
| $163M | 0.06% |
325,103
-245
| -0.1% | -$116K |
|
|
SEM
373
DELISTED
Select Medical
SEM
| $163M | 0.06% |
12,954,336
-401,349
| -3% | -$4.32M |
|
374
Unum
UNM
$14.9B
| $162M | 0.06% |
5,570,887
+26,233
| +0.5% | +$763K |
|
|
BECN
375
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $162M | 0.06% |
5,073,605
+257,548
| +5% | +$8.15M |
|
Similar funds
Dimensional Fund Advisors's Q4 2019 Portfolio in Review
As of Q4 2019, Dimensional Fund Advisors held 3,465 positions worth $274B, up 6.6% from $257B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Trading was light in Q4 2019: portfolio turnover was 3.8%. Dimensional Fund Advisors opened 48 new positions and exited 85, leaving the 3,465-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 19% a quarter earlier, followed by Technology and Industrials.
- Dimensional Fund Advisors's largest Q4 2019 buy was Envista: 1,368,881 shares worth $40.6M.
- Dimensional Fund Advisors added most to Truist Financial in Q4 2019, an estimated $224M increase.
- Dimensional Fund Advisors's biggest Q4 2019 reduction was Apple, cutting an estimated $411M.
- Dimensional Fund Advisors fully exited SunTrust Banks, Inc. in Q4 2019, selling an estimated $228M.
- Dimensional Fund Advisors's ten largest holdings make up 11% of its $274B portfolio in Q4 2019.
- Dimensional Fund Advisors opened 48 new positions and closed 85 in Q4 2019.
- Dimensional Fund Advisors's portfolio value rose 6.6% quarter-over-quarter to $274B.
Based on Dimensional Fund Advisors's 13F filing for Q4 2019, filed 14 Feb 2020.