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 | |
|---|---|---|---|---|---|---|
|
DISCK
676
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $88.3M | 0.04% |
4,505,765
+184,082
| +4% | +$3.64M |
|
677
Astec Industries
ASTE
$1.16B
| $88.1M | 0.04% |
1,624,886
-89,670
| -5% | -$4.49M |
|
678
Louisiana-Pacific
LPX
$5.06B
| $88.1M | 0.04% |
2,985,354
-543,008
| -15% | -$16.7M |
|
|
CEO
679
DELISTED
CNOOC Limited
CEO
| $88M | 0.04% |
916,884
-4,329
| -0.5% | -$476K |
|
680
Hormel Foods
HRL
$13.8B
| $88M | 0.04% |
1,800,213
-8,941
| -0.5% | -$449K |
|
681
Wabtec
WAB
$49.1B
| $88M | 0.04% |
1,421,681
+64,513
| +5% | +$4.14M |
|
682
Seagate
STX
$194B
| $88M | 0.04% |
1,785,184
+25,564
| +1% | +$1.2M |
|
683
Federal Realty Investment Trust
FRT
$10.7B
| $87.9M | 0.04% |
1,197,337
+71,802
| +6% | +$5.66M |
|
|
SAFM
684
DELISTED
Sanderson Farms Inc
SAFM
| $87.9M | 0.04% |
744,845
-44,287
| -6% | -$5.18M |
|
|
MZTI
685
The Marzetti Company
MZTI
$2.93B
| $87.8M | 0.04% |
491,212
-1,126
| -0.2% | -$189K |
|
686
EnerSys
ENS
$6.78B
| $87.8M | 0.04% |
1,308,180
-55,231
| -4% | -$3.8M |
|
687
AutoZone
AZO
$49.2B
| $87.6M | 0.04% |
74,437
+247
| +0.3% | +$292K |
|
688
Stride
LRN
$3.41B
| $87.6M | 0.04% |
3,326,493
-93,290
| -3% | -$3.61M |
|
689
Chipotle Mexican Grill
CMG
$47.2B
| $87.6M | 0.04% |
3,520,950
-266,000
| -7% | -$6.41M |
|
|
GAP
690
The Gap Inc
GAP
$7.23B
| $87.6M | 0.04% |
5,143,306
-3,613,756
| -41% | -$53.9M |
|
691
Thor Industries
THO
$3.9B
| $87.4M | 0.04% |
917,750
-100,707
| -10% | -$10.4M |
|
692
Fox Factory Holding Corp
FOXF
$755M
| $87.4M | 0.04% |
1,175,840
+6,021
| +0.5% | +$542K |
|
693
M&T Bank
MTB
$35.7B
| $87.4M | 0.04% |
948,991
+27,244
| +3% | +$2.78M |
|
694
Ulta Beauty
ULTA
$22B
| $87.2M | 0.04% |
389,201
-20,710
| -5% | -$4.46M |
|
695
Renasant Corp
RNST
$3.98B
| $87.1M | 0.04% |
3,835,449
-9,453
| -0.2% | -$227K |
|
696
Manhattan Associates
MANH
$11.2B
| $87.1M | 0.04% |
911,968
-171,662
| -16% | -$16.3M |
|
697
NIO
NIO
$12.2B
| $87M | 0.04% |
4,101,739
+1,022,468
| +33% | +$15.7M |
|
698
Shenandoah Telecom
SHEN
$664M
| $86.8M | 0.04% |
1,952,770
-92,120
| -5% | -$4.7M |
|
699
Sonoco
SON
$5.57B
| $86.6M | 0.04% |
1,696,459
-14,073
| -0.8% | -$745K |
|
|
ESGR
700
DELISTED
Enstar Group
ESGR
| $86.6M | 0.04% |
536,365
-10,733
| -2% | -$1.83M |
|
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.