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 | |
|---|---|---|---|---|---|---|
526
Autodesk
ADSK
$49.5B
| $107M | 0.05% |
464,794
+599
| +0.1% | +$142K |
|
|
FLG
527
Flagstar Bank National Association
FLG
$5.93B
| $107M | 0.05% |
4,326,479
+386,520
| +10% | +$11M |
|
528
NVR
NVR
$16.5B
| $107M | 0.05% |
26,264
-1,015
| -4% | -$3.92M |
|
529
Cirrus Logic
CRUS
$6.53B
| $107M | 0.05% |
1,587,010
-91,259
| -5% | -$5.72M |
|
530
KBR
KBR
$4.64B
| $107M | 0.05% |
4,782,951
-603,192
| -11% | -$14M |
|
531
Williams Companies
WMB
$87.5B
| $107M | 0.05% |
5,421,569
+30,402
| +0.6% | +$619K |
|
532
World Kinect Corp
WKC
$2.04B
| $106M | 0.05% |
5,024,995
-270,223
| -5% | -$6.61M |
|
533
Amphenol
APH
$198B
| $106M | 0.05% |
3,930,952
-229,316
| -6% | -$6.04M |
|
|
BIG
534
DELISTED
Big Lots, Inc.
BIG
| $106M | 0.05% |
2,384,696
-5,207
| -0.2% | -$234K |
|
535
Horace Mann Educators
HMN
$2.1B
| $106M | 0.04% |
3,171,203
-119,671
| -4% | -$4.46M |
|
536
HF Sinclair
DINO
$16.5B
| $106M | 0.04% |
5,365,803
-378,991
| -7% | -$9.44M |
|
537
ServiceNow
NOW
$115B
| $106M | 0.04% |
1,087,645
-22,255
| -2% | -$1.99M |
|
538
Vistra
VST
$50B
| $105M | 0.04% |
5,594,951
+422,069
| +8% | +$7.95M |
|
539
Petrobras Class A
PBR.A
$111B
| $105M | 0.04% |
14,964,294
-166,737
| -1% | -$1.38M |
|
540
Alaska Air
ALK
$5.29B
| $105M | 0.04% |
2,869,554
-70,467
| -2% | -$2.64M |
|
541
Regency Centers
REG
$14.7B
| $105M | 0.04% |
2,762,882
+169,847
| +7% | +$6.98M |
|
542
MGM Resorts International
MGM
$11.4B
| $105M | 0.04% |
4,825,159
-37,549
| -0.8% | -$744K |
|
543
Synopsys
SNPS
$74.4B
| $105M | 0.04% |
490,056
-37,070
| -7% | -$7.55M |
|
544
Kraft Heinz
KHC
$30.7B
| $105M | 0.04% |
3,501,448
+663,263
| +23% | +$22.1M |
|
545
Loews
L
$23.9B
| $105M | 0.04% |
3,017,642
+36,338
| +1% | +$1.3M |
|
546
Vornado Realty Trust
VNO
$7.41B
| $105M | 0.04% |
3,108,160
+573,416
| +23% | +$20.4M |
|
547
Clean Harbors
CLH
$16.5B
| $105M | 0.04% |
1,865,625
-6,883
| -0.4% | -$408K |
|
548
GSK
GSK
$104B
| $104M | 0.04% |
2,220,920
-322,330
| -13% | -$16.1M |
|
|
UFS
549
DELISTED
DOMTAR CORPORATION (New)
UFS
| $104M | 0.04% |
3,964,234
-438,355
| -10% | -$11.1M |
|
550
Southern Company
SO
$109B
| $104M | 0.04% |
1,916,423
+26,789
| +1% | +$1.43M |
|
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.