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 | |
|---|---|---|---|---|---|---|
676
Tractor Supply
TSCO
$16.5B
| $71.5M | 0.04% |
4,225,865
-13,635
| -0.3% | -$245K |
|
677
Glacier Bancorp
GBCI
$6.45B
| $71.5M | 0.04% |
2,101,544
-39,520
| -2% | -$1.57M |
|
678
VF Corp
VFC
$7.16B
| $71.4M | 0.04% |
1,319,410
+258,733
| +24% | +$20.2M |
|
679
Rogers Corp
ROG
$2.13B
| $71.4M | 0.04% |
756,155
-15,549
| -2% | -$1.77M |
|
680
The Ensign Group
ENSG
$10.7B
| $71.3M | 0.04% |
1,897,073
-177,447
| -9% | -$7.78M |
|
|
MZTI
681
The Marzetti Company
MZTI
$3.02B
| $71.3M | 0.04% |
492,884
+3,271
| +0.7% | +$496K |
|
682
Lattice Semiconductor
LSCC
$17B
| $71.3M | 0.04% |
3,998,475
-286,788
| -7% | -$5.43M |
|
|
KEM
683
DELISTED
KEMET Corporation
KEM
| $71.2M | 0.04% |
2,947,921
-104,446
| -3% | -$2.65M |
|
|
INVX
684
Innovex International
INVX
$1.79B
| $71.1M | 0.04% |
2,331,614
-240,464
| -9% | -$9.39M |
|
685
Scholastic
SCHL
$766M
| $70.9M | 0.04% |
2,780,962
-9,564
| -0.3% | -$310K |
|
686
Zebra Technologies
ZBRA
$13.5B
| $70.9M | 0.04% |
386,007
-38,139
| -9% | -$8.57M |
|
687
Rexford Industrial Realty
REXR
$8.64B
| $70.9M | 0.04% |
1,727,979
+31,552
| +2% | +$1.45M |
|
688
Exelon
EXC
$48.4B
| $70.8M | 0.04% |
2,697,763
-13,231
| -0.5% | -$416K |
|
689
American Water Works
AWK
$27B
| $70.7M | 0.04% |
590,884
+4,192
| +0.7% | +$541K |
|
|
Y
690
DELISTED
Alleghany Corp
Y
| $70.5M | 0.04% |
127,641
+7,152
| +6% | +$5.15M |
|
691
Marriott International
MAR
$101B
| $70.2M | 0.04% |
937,750
+301
| +0% | +$37.4K |
|
692
The Mosaic Company
MOS
$7.34B
| $70.2M | 0.04% |
6,486,473
+473,849
| +8% | +$8.04M |
|
693
Central Garden & Pet Co Class A
CENTA
$2.44B
| $70.1M | 0.04% |
3,425,653
-3,537
| -0.1% | -$78.6K |
|
694
SS&C Technologies
SSNC
$18.8B
| $70.1M | 0.04% |
1,599,134
+152,163
| +11% | +$8.6M |
|
695
Provident Financial Services
PFS
$3.15B
| $70M | 0.04% |
5,445,142
+26,555
| +0.5% | +$539K |
|
696
Celanese
CE
$4.77B
| $69.8M | 0.04% |
950,806
-10,114
| -1% | -$1M |
|
697
Casella Waste Systems
CWST
$5.79B
| $69.7M | 0.04% |
1,784,511
-83,149
| -4% | -$4.03M |
|
698
Brown-Forman Class B
BF.B
$13.3B
| $69.7M | 0.04% |
1,255,617
-75,197
| -6% | -$4.84M |
|
699
AXIS Capital
AXS
$8.79B
| $69.5M | 0.04% |
1,799,421
+9,831
| +0.5% | +$549K |
|
700
CVB Financial
CVBF
$4.02B
| $69.4M | 0.04% |
3,462,972
-63,078
| -2% | -$1.27M |
|
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.