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 | |
|---|---|---|---|---|---|---|
|
FLG
426
Flagstar Bank National Association
FLG
$5.83B
| $121M | 0.05% |
3,939,959
+174,012
| +5% | +$5.23M |
|
427
L3Harris
LHX
$56.9B
| $120M | 0.05% |
708,558
+41,503
| +6% | +$7.8M |
|
428
FNB Corp
FNB
$6.81B
| $120M | 0.05% |
15,981,234
+468,939
| +3% | +$3.53M |
|
429
Viatris
VTRS
$20.8B
| $120M | 0.05% |
7,442,957
+309,313
| +4% | +$5.01M |
|
430
Yum China
YUMC
$15.6B
| $120M | 0.05% |
2,485,500
-37,252
| -1% | -$1.76M |
|
431
Regency Centers
REG
$14.8B
| $119M | 0.05% |
2,593,035
+38,506
| +2% | +$1.63M |
|
432
Boise Cascade
BCC
$2.83B
| $118M | 0.05% |
3,138,817
-51,220
| -2% | -$1.61M |
|
433
Host Hotels & Resorts
HST
$17.4B
| $117M | 0.05% |
10,886,982
+54,541
| +0.5% | +$626K |
|
434
CRH
CRH
$69.1B
| $117M | 0.05% |
3,414,954
+129,423
| +4% | +$3.99M |
|
|
WRK
435
DELISTED
WestRock Company
WRK
| $117M | 0.05% |
4,130,730
+743,321
| +22% | +$21.1M |
|
|
JHG
436
DELISTED
Janus Henderson
JHG
| $117M | 0.05% |
5,515,428
-124,897
| -2% | -$2.41M |
|
437
US Foods
USFD
$22.3B
| $117M | 0.05% |
5,916,376
+73,857
| +1% | +$1.41M |
|
|
CTB
438
DELISTED
Cooper Tire & Rubber Co.
CTB
| $117M | 0.05% |
4,223,761
+231,556
| +6% | +$5.33M |
|
439
Kimberly-Clark
KMB
$37.5B
| $116M | 0.05% |
823,370
-3,872
| -0.5% | -$534K |
|
440
Molina Healthcare
MOH
$10.5B
| $116M | 0.05% |
653,906
-7,648
| -1% | -$1.3M |
|
441
Paychex
PAYX
$42.3B
| $116M | 0.05% |
1,536,056
+203,063
| +15% | +$14.1M |
|
442
Stryker
SYK
$133B
| $116M | 0.05% |
645,587
+8,161
| +1% | +$1.51M |
|
443
Vipshop
VIPS
$7.13B
| $116M | 0.05% |
5,841,171
-29,270
| -0.5% | -$503K |
|
|
CLGX
444
DELISTED
Corelogic, Inc.
CLGX
| $116M | 0.05% |
1,726,672
-3,244
| -0.2% | -$144K |
|
|
ATH
445
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $115M | 0.05% |
3,702,146
+407,435
| +12% | +$11.4M |
|
|
CERN
446
DELISTED
Cerner Corp
CERN
| $115M | 0.05% |
1,683,185
-9,535
| -0.6% | -$655K |
|
447
NRG Energy
NRG
$26.9B
| $115M | 0.05% |
3,540,745
+217,477
| +7% | +$7.16M |
|
448
Iron Mountain
IRM
$37.4B
| $115M | 0.05% |
4,401,566
+16,081
| +0.4% | +$406K |
|
449
Carlisle Companies
CSL
$14.1B
| $115M | 0.05% |
958,224
+49,787
| +5% | +$5.98M |
|
450
Unum
UNM
$14B
| $114M | 0.05% |
6,901,690
+599,570
| +10% | +$9.46M |
|
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.