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 |
AbbVie
ABBV
|
+$214M |
| 2 |
Verizon
VZ
|
+$148M |
| 3 |
Otis Worldwide
OTIS
|
+$142M |
| 4 |
Baidu
BIDU
|
+$124M |
| 5 |
Alibaba
BABA
|
+$120M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$324M |
| 2 |
Amazon
AMZN
|
+$313M |
| 3 |
Bank of America
BAC
|
+$264M |
| 4 |
AGN
Allergan plc
AGN
|
+$259M |
| 5 |
Wells Fargo
WFC
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.39% |
| 2 | Financials | 16.29% |
| 3 | Industrials | 12.76% |
| 4 | Healthcare | 11.61% |
| 5 | Consumer Discretionary | 11.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
XEC
801
DELISTED
CIMAREX ENERGY CO
XEC
| $74.5M | 0.03% |
2,710,840
+53,429
| +2% | +$1.33M |
|
802
Matsons
MATX
$6.07B
| $74.4M | 0.03% |
2,556,287
+40,064
| +2% | +$1.15M |
|
803
Texas Capital Bancshares
TCBI
$4.26B
| $74.3M | 0.03% |
2,406,357
-44,863
| -2% | -$1.26M |
|
|
MXIM
804
DELISTED
Maxim Integrated Products
MXIM
| $74.2M | 0.03% |
1,223,907
-15,711
| -1% | -$875K |
|
805
Employers Holdings
EIG
$903M
| $74.1M | 0.03% |
2,458,130
-95,492
| -4% | -$2.94M |
|
|
X
806
DELISTED
US Steel
X
| $74.1M | 0.03% |
10,261,352
-196,989
| -2% | -$1.54M |
|
|
ACC
807
DELISTED
American Campus Communities, Inc.
ACC
| $74.1M | 0.03% |
2,119,072
+32,397
| +2% | +$1.07M |
|
808
American Water Works
AWK
$26.9B
| $74.1M | 0.03% |
575,856
-15,028
| -3% | -$1.87M |
|
809
Avery Dennison
AVY
$12.7B
| $74M | 0.03% |
648,989
+9,042
| +1% | +$993K |
|
810
Cohen & Steers
CNS
$4.23B
| $74M | 0.03% |
1,087,902
-60,559
| -5% | -$3.65M |
|
811
RH
RH
$3.26B
| $74M | 0.03% |
297,408
-45,794
| -13% | -$8.3M |
|
812
Fortinet
FTNT
$108B
| $74M | 0.03% |
2,694,695
+283,250
| +12% | +$7.11M |
|
813
Worthington Enterprises
WOR
$2.75B
| $73.8M | 0.03% |
3,211,000
-139,501
| -4% | -$2.49M |
|
814
Silgan Holdings
SLGN
$4.49B
| $73.8M | 0.03% |
2,279,775
-26,175
| -1% | -$852K |
|
815
C.H. Robinson
CHRW
$19.7B
| $73.7M | 0.03% |
932,550
+9,468
| +1% | +$715K |
|
|
PPLI
816
People Inc
PPLI
$3.14B
| $73.7M | 0.03% |
1,275,434
-419,303
| -25% | -$18.6M |
|
817
American Electric Power
AEP
$71.3B
| $73.7M | 0.03% |
925,045
+9,317
| +1% | +$760K |
|
|
FRC
818
DELISTED
First Republic Bank
FRC
| $73.6M | 0.03% |
694,216
+10,273
| +2% | +$1.05M |
|
819
East-West Bancorp
EWBC
$18B
| $73.5M | 0.03% |
2,027,418
+453,083
| +29% | +$15.1M |
|
820
Booz Allen Hamilton
BAH
$8.55B
| $73.1M | 0.03% |
940,191
+21,095
| +2% | +$1.6M |
|
821
Factset
FDS
$10.2B
| $73.1M | 0.03% |
222,418
-5,514
| -2% | -$1.59M |
|
|
SGI
822
Somnigroup International
SGI
$14.3B
| $73M | 0.03% |
4,060,452
+13,036
| +0.3% | +$187K |
|
823
OSI Systems
OSIS
$3.54B
| $72.9M | 0.03% |
977,238
-6,117
| -0.6% | -$447K |
|
824
W.R. Berkley
WRB
$28.1B
| $72.9M | 0.03% |
2,863,586
+6,340
| +0.2% | +$155K |
|
825
Nutrien
NTR
$33.6B
| $72.7M | 0.03% |
2,263,313
+78,382
| +4% | +$2.73M |
|
Similar funds
Dimensional Fund Advisors's Q2 2020 Portfolio in Review
As of Q2 2020, Dimensional Fund Advisors held 3,428 positions worth $228B, up 19% from $192B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q2 2020: portfolio turnover was 4.2%. Dimensional Fund Advisors opened 54 new positions and exited 89, leaving the 3,428-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 16% a quarter earlier, followed by Financials and Industrials.
- Dimensional Fund Advisors's largest Q2 2020 buy was Otis Worldwide: 2,746,401 shares worth $156M.
- Dimensional Fund Advisors added most to AbbVie in Q2 2020, an estimated $214M increase.
- Dimensional Fund Advisors's biggest Q2 2020 reduction was Apple, cutting an estimated $324M.
- Dimensional Fund Advisors fully exited Allergan plc in Q2 2020, selling an estimated $259M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $228B portfolio in Q2 2020.
- Dimensional Fund Advisors opened 54 new positions and closed 89 in Q2 2020.
- Dimensional Fund Advisors's portfolio value rose 19% quarter-over-quarter to $228B.
Based on Dimensional Fund Advisors's 13F filing for Q2 2020, filed 13 Aug 2020.