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 |
Alibaba
BABA
|
+$179M |
| 2 |
Prologis
PLD
|
+$125M |
| 3 |
Visa
V
|
+$98.1M |
| 4 |
Walt Disney
DIS
|
+$85.8M |
| 5 |
Halliburton
HAL
|
+$69.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$322M |
| 2 |
AT&T
T
|
+$257M |
| 3 |
ExxonMobil
XOM
|
+$239M |
| 4 |
JPMorgan Chase
JPM
|
+$239M |
| 5 |
AYR
Aircastle Ltd
AYR
|
+$206M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.39% |
| 2 | Technology | 15.83% |
| 3 | Industrials | 12.66% |
| 4 | Healthcare | 11.95% |
| 5 | Consumer Discretionary | 9.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
Corpay
CPAY
$25.1B
| $83.7M | 0.04% |
448,719
-16,655
| -4% | -$4.6M |
|
552
Molson Coors Class B
TAP
$7.97B
| $83.7M | 0.04% |
2,145,019
-182,210
| -8% | -$9.23M |
|
553
First Financial Bancorp
FFBC
$3.55B
| $83.7M | 0.04% |
5,611,260
+86,818
| +2% | +$1.86M |
|
554
Gibraltar Industries
ROCK
$1.39B
| $83.5M | 0.04% |
1,946,374
-172,325
| -8% | -$8.62M |
|
555
Aptiv
APTV
$12.6B
| $83.4M | 0.04% |
1,693,468
+220,082
| +15% | +$17.3M |
|
|
CXO
556
DELISTED
CONCHO RESOURCES INC.
CXO
| $83.4M | 0.04% |
1,946,154
+13,122
| +0.7% | +$913K |
|
557
Aramark
ARMK
$15.1B
| $83.3M | 0.04% |
5,776,325
-564,900
| -9% | -$14.9M |
|
558
Weis Markets
WMK
$1.9B
| $83.3M | 0.04% |
1,999,388
+17,318
| +0.9% | +$662K |
|
559
Packaging Corp of America
PKG
$22.6B
| $83.2M | 0.04% |
957,583
+25,002
| +3% | +$2.42M |
|
560
Korn Ferry
KFY
$4.26B
| $83M | 0.04% |
3,414,744
-52,423
| -2% | -$1.93M |
|
561
Exponent
EXPO
$3.15B
| $83M | 0.04% |
1,154,776
-58,390
| -5% | -$4.24M |
|
562
FirstCash
FCFS
$8.97B
| $83M | 0.04% |
1,157,177
-129,268
| -10% | -$10.5M |
|
563
Hilltop Holdings
HTH
$2.28B
| $83M | 0.04% |
5,489,300
| – | – |
|
564
AMN Healthcare
AMN
$1.35B
| $82.8M | 0.04% |
1,431,778
-31,056
| -2% | -$2.13M |
|
|
SUM
565
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $82.7M | 0.04% |
5,606,856
+5,241
| +0.1% | +$102K |
|
566
Omnicom Group
OMC
$24.6B
| $82.6M | 0.04% |
1,505,219
+116,044
| +8% | +$8.24M |
|
567
Keysight
KEYS
$52.2B
| $82.6M | 0.04% |
986,473
-8,989
| -0.9% | -$854K |
|
568
CarMax
KMX
$8.36B
| $82.4M | 0.04% |
1,529,990
-25,507
| -2% | -$2.16M |
|
569
CNX Resources
CNX
$4.84B
| $82.4M | 0.04% |
15,482,986
-197,252
| -1% | -$1.31M |
|
570
Sonoco
SON
$5.99B
| $82.3M | 0.04% |
1,775,987
-389
| -0% | -$20.7K |
|
571
NNN REIT
NNN
$9.37B
| $82.1M | 0.04% |
2,550,245
-11,941
| -0.5% | -$600K |
|
572
Seagate
STX
$169B
| $82M | 0.04% |
1,679,973
+58,419
| +4% | +$3.12M |
|
|
ATH
573
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $81.8M | 0.04% |
3,294,711
+588,747
| +22% | +$23.4M |
|
574
Toll Brothers
TOL
$14.5B
| $81.8M | 0.04% |
4,248,725
-131,803
| -3% | -$4.99M |
|
575
McCormick & Company Non-Voting
MKC
$13.9B
| $81.5M | 0.04% |
1,154,482
+44,024
| +4% | +$3.42M |
|
Similar funds
Dimensional Fund Advisors's Q1 2020 Portfolio in Review
As of Q1 2020, Dimensional Fund Advisors held 3,447 positions worth $192B, down 30% from $274B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q1 2020: portfolio turnover was 4.1%. Dimensional Fund Advisors opened 68 new positions and exited 73, leaving the 3,447-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 19% a quarter earlier, followed by Technology and Industrials.
- Dimensional Fund Advisors's largest Q1 2020 buy was Natura &Co Holding S.A. American Depositary Shares (each representing two Common Shares): 2,843,834 shares worth $28M.
- Dimensional Fund Advisors added most to Alibaba in Q1 2020, an estimated $179M increase.
- Dimensional Fund Advisors's biggest Q1 2020 reduction was Intel, cutting an estimated $322M.
- Dimensional Fund Advisors fully exited Aircastle Ltd in Q1 2020, selling an estimated $206M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $192B portfolio in Q1 2020.
- Dimensional Fund Advisors opened 68 new positions and closed 73 in Q1 2020.
- Dimensional Fund Advisors's portfolio value fell 30% quarter-over-quarter to $192B.
Based on Dimensional Fund Advisors's 13F filing for Q1 2020, filed 14 May 2020.