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 | |
|---|---|---|---|---|---|---|
601
First Merchants
FRME
$2.61B
| $118M | 0.04% |
2,829,392
+11,088
| +0.4% | +$443K |
|
602
Autoliv
ALV
$8.55B
| $118M | 0.04% |
1,392,511
-4,683
| -0.3% | -$383K |
|
603
Lamar Advertising Co
LAMR
$15.1B
| $117M | 0.04% |
1,316,261
+7,243
| +0.6% | +$606K |
|
604
Boise Cascade
BCC
$2.67B
| $117M | 0.04% |
3,213,797
-57,739
| -2% | -$2.1M |
|
605
Ormat Technologies
ORA
$5.65B
| $117M | 0.04% |
1,572,705
-18,095
| -1% | -$1.37M |
|
|
CTB
606
DELISTED
Cooper Tire & Rubber Co.
CTB
| $117M | 0.04% |
4,075,032
-29,834
| -0.7% | -$843K |
|
607
General Mills
GIS
$19.8B
| $117M | 0.04% |
2,187,569
-173,014
| -7% | -$9.12M |
|
608
Everest Group
EG
$14.5B
| $117M | 0.04% |
422,934
-10,917
| -3% | -$2.88M |
|
|
ODP
609
DELISTED
ODP
ODP
| $116M | 0.04% |
4,250,588
-82,068
| -2% | -$1.83M |
|
610
Ambev
ABEV
$46.1B
| $116M | 0.04% |
24,876,274
-985,363
| -4% | -$4.37M |
|
611
Scorpio Tankers
STNG
$4.38B
| $116M | 0.04% |
2,944,726
+106,025
| +4% | +$3.63M |
|
612
Synaptics
SYNA
$3.74B
| $116M | 0.04% |
1,757,828
-39,541
| -2% | -$2.08M |
|
613
Jacobs Solutions
J
$16.9B
| $116M | 0.04% |
1,554,890
-43,847
| -3% | -$3.32M |
|
614
Walker & Dunlop
WD
$1.39B
| $115M | 0.04% |
1,779,375
-54,155
| -3% | -$3.43M |
|
615
lululemon athletica
LULU
$10.8B
| $115M | 0.04% |
495,061
+14,105
| +3% | +$3.01M |
|
616
Dillards
DDS
$10.2B
| $114M | 0.04% |
1,558,029
-19,984
| -1% | -$1.42M |
|
617
Vale
VALE
$61.1B
| $114M | 0.04% |
8,648,104
-8,400,626
| -49% | -$101M |
|
|
CADE
618
DELISTED
Cadence Bancorporation
CADE
| $114M | 0.04% |
6,295,913
+635,236
| +11% | +$10.6M |
|
|
PE
619
DELISTED
PARSLEY ENERGY INC
PE
| $114M | 0.04% |
6,031,581
+52,003
| +0.9% | +$858K |
|
620
ASML
ASML
$618B
| $114M | 0.04% |
385,149
+1,939
| +0.5% | +$524K |
|
621
W.W. Grainger
GWW
$59.4B
| $114M | 0.04% |
336,683
+608
| +0.2% | +$193K |
|
622
Winnebago Industries
WGO
$779M
| $114M | 0.04% |
2,146,157
-27,727
| -1% | -$1.3M |
|
|
PPBI
623
DELISTED
Pacific Premier Bancorp
PPBI
| $113M | 0.04% |
3,477,227
+199,265
| +6% | +$6.49M |
|
624
First American
FAF
$7.44B
| $113M | 0.04% |
1,940,643
-79,084
| -4% | -$4.83M |
|
625
Azenta
AZTA
$1.46B
| $113M | 0.04% |
2,696,430
-188,122
| -7% | -$7.9M |
|
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.