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 |
Concentrix
CNXC
|
+$196M |
| 2 |
Tesla
TSLA
|
+$162M |
| 3 |
PROG Holdings
PRG
|
+$150M |
| 4 |
Morgan Stanley
MS
|
+$120M |
| 5 |
Unilever
UL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$284M |
| 2 |
Comcast
CMCSA
|
+$222M |
| 3 |
ExxonMobil
XOM
|
+$166M |
| 4 |
AAN.A
The Aaron's Company Inc Class A
AAN.A
|
+$165M |
| 5 |
TD Synnex
SNX
|
+$160M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.83% |
| 2 | Technology | 16.31% |
| 3 | Industrials | 13.47% |
| 4 | Consumer Discretionary | 12.13% |
| 5 | Healthcare | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
Capri Holdings
CPRI
$1.88B
| $116M | 0.04% |
2,753,892
+155,285
| +6% | +$4.75M |
|
627
Devon Energy
DVN
$49.2B
| $115M | 0.04% |
7,288,528
+1,391,512
| +24% | +$17.2M |
|
628
Century Communities
CCS
$2.05B
| $115M | 0.04% |
2,630,225
-13,699
| -0.5% | -$604K |
|
629
Entegris
ENTG
$18B
| $115M | 0.04% |
1,197,970
-84,594
| -7% | -$7.39M |
|
630
Assured Guaranty
AGO
$3.79B
| $115M | 0.04% |
3,642,869
-151,189
| -4% | -$4.44M |
|
|
NGHC
631
DELISTED
National General Holdings Corp
NGHC
| $115M | 0.04% |
3,355,488
-19,657
| -0.6% | -$669K |
|
632
Regeneron Pharmaceuticals
REGN
$72.9B
| $114M | 0.04% |
236,843
+11,978
| +5% | +$6.47M |
|
633
McCormick & Company Non-Voting
MKC
$13.9B
| $114M | 0.04% |
1,194,102
+38,524
| +3% | +$3.64M |
|
|
AAWW
634
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $114M | 0.04% |
2,090,919
-40,964
| -2% | -$2.41M |
|
635
RH
RH
$3.36B
| $114M | 0.04% |
253,846
-12,863
| -5% | -$5.3M |
|
636
Brown-Forman Class B
BF.B
$13.3B
| $113M | 0.04% |
1,427,598
+230,905
| +19% | +$17.8M |
|
637
AXIS Capital
AXS
$8.79B
| $113M | 0.04% |
2,249,745
+121,222
| +6% | +$5.88M |
|
638
Boston Beer
SAM
$1.93B
| $113M | 0.04% |
113,701
-51,319
| -31% | -$49.3M |
|
639
NNN REIT
NNN
$9.37B
| $113M | 0.04% |
2,762,644
-2,888
| -0.1% | -$109K |
|
640
Crown Holdings
CCK
$13.2B
| $113M | 0.04% |
1,125,828
+20,365
| +2% | +$1.87M |
|
|
FRC
641
DELISTED
First Republic Bank
FRC
| $113M | 0.04% |
766,528
+29,047
| +4% | +$3.78M |
|
642
Celanese
CE
$4.77B
| $113M | 0.04% |
866,024
-26,204
| -3% | -$3.26M |
|
643
Nasdaq
NDAQ
$53.6B
| $113M | 0.04% |
2,543,232
+56,949
| +2% | +$2.41M |
|
644
Innospec
IOSP
$2.12B
| $112M | 0.04% |
1,237,726
-90,302
| -7% | -$7M |
|
|
TWNK
645
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $112M | 0.04% |
7,665,265
+30,024
| +0.4% | +$404K |
|
646
Ulta Beauty
ULTA
$21.6B
| $112M | 0.04% |
390,476
+1,275
| +0.3% | +$323K |
|
647
Revvity
RVTY
$12.4B
| $112M | 0.04% |
780,384
+29,288
| +4% | +$3.9M |
|
648
Diageo
DEO
$49.4B
| $112M | 0.04% |
702,876
+54,285
| +8% | +$8.1M |
|
|
CMA
649
DELISTED
Comerica
CMA
| $111M | 0.04% |
1,995,646
+46,254
| +2% | +$2.25M |
|
|
ESGR
650
DELISTED
Enstar Group
ESGR
| $111M | 0.04% |
543,897
+7,532
| +1% | +$1.42M |
|
Similar funds
Dimensional Fund Advisors's Q4 2020 Portfolio in Review
As of Q4 2020, Dimensional Fund Advisors held 3,414 positions worth $277B, up 17% from $236B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Trading was light in Q4 2020: portfolio turnover was 4.5%. Dimensional Fund Advisors opened 81 new positions and exited 72, leaving the 3,414-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
- Dimensional Fund Advisors's largest Q4 2020 buy was Concentrix: 1,965,264 shares worth $194M.
- Dimensional Fund Advisors added most to Tesla in Q4 2020, an estimated $162M increase.
- Dimensional Fund Advisors's biggest Q4 2020 reduction was Apple, cutting an estimated $284M.
- Dimensional Fund Advisors fully exited The Aaron's Company Inc Class A in Q4 2020, selling an estimated $165M.
- Dimensional Fund Advisors's ten largest holdings make up 11% of its $277B portfolio in Q4 2020.
- Dimensional Fund Advisors opened 81 new positions and closed 72 in Q4 2020.
- Dimensional Fund Advisors's portfolio value rose 17% quarter-over-quarter to $277B.
Based on Dimensional Fund Advisors's 13F filing for Q4 2020, filed 11 Feb 2021.