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 | |
|---|---|---|---|---|---|---|
801
Texas Roadhouse
TXRH
$13.5B
| $92.8M | 0.03% |
1,187,288
-57,107
| -5% | -$4.25M |
|
|
CALY
802
Callaway Golf Company
CALY
$3.28B
| $92.8M | 0.03% |
3,864,643
-1,393,109
| -26% | -$28.4M |
|
803
Onto Innovation
ONTO
$12B
| $92.6M | 0.03% |
1,948,140
+3,906
| +0.2% | +$157K |
|
804
RBC Bearings
RBC
$18.2B
| $92.5M | 0.03% |
516,807
-12,408
| -2% | -$1.89M |
|
805
Macy's
M
$6.62B
| $92.4M | 0.03% |
8,210,064
-1,077,017
| -12% | -$9.22M |
|
806
Glacier Bancorp
GBCI
$6.45B
| $92.4M | 0.03% |
2,007,614
-40,931
| -2% | -$1.65M |
|
|
AJRD
807
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $92.4M | 0.03% |
1,747,484
-49,384
| -3% | -$1.98M |
|
|
DMC
808
Del Monte Corp
DMC
$1.37B
| $92.3M | 0.03% |
3,835,703
-35,255
| -0.9% | -$851K |
|
809
Edgewell Personal Care
EPC
$1.3B
| $92.3M | 0.03% |
2,669,410
-780
| -0% | -$25.3K |
|
810
Materion
MTRN
$4.36B
| $92.2M | 0.03% |
1,447,579
-67,742
| -4% | -$3.9M |
|
811
NetApp
NTAP
$34.2B
| $92.2M | 0.03% |
1,392,522
+27,953
| +2% | +$1.48M |
|
812
Applied Industrial Technologies
AIT
$12.9B
| $92.2M | 0.03% |
1,181,591
-90,135
| -7% | -$6.34M |
|
|
CADE
813
DELISTED
Cadence Bancorporation
CADE
| $92.1M | 0.03% |
5,606,406
-21,044
| -0.4% | -$279K |
|
|
BBL
814
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $92M | 0.03% |
1,734,804
+62,208
| +4% | +$2.85M |
|
815
AMN Healthcare
AMN
$1.35B
| $92M | 0.03% |
1,347,291
-53,292
| -4% | -$3.47M |
|
816
West Pharmaceutical
WST
$23.7B
| $91.9M | 0.03% |
324,350
-21,143
| -6% | -$5.93M |
|
|
SAFM
817
DELISTED
Sanderson Farms Inc
SAFM
| $91.8M | 0.03% |
694,639
-50,206
| -7% | -$6.62M |
|
818
Universal Corp
UVV
$1.36B
| $91.8M | 0.03% |
1,889,096
-83,277
| -4% | -$3.75M |
|
819
Axos Financial
AX
$5.64B
| $91.5M | 0.03% |
2,438,254
-49,917
| -2% | -$1.58M |
|
820
Badger Meter
BMI
$3.9B
| $91.4M | 0.03% |
971,627
-51,713
| -5% | -$4.13M |
|
821
Capitol Federal Financial
CFFN
$1.09B
| $91.3M | 0.03% |
7,303,208
-697,520
| -9% | -$8.32M |
|
822
WD-40
WDFC
$3.08B
| $91.1M | 0.03% |
342,924
-26,754
| -7% | -$6.48M |
|
|
UCB
823
United Community Banks
UCB
$4.27B
| $91.1M | 0.03% |
3,201,962
-130,905
| -4% | -$3.09M |
|
824
Illumina
ILMN
$29.2B
| $91.1M | 0.03% |
253,005
+418
| +0.2% | +$133K |
|
825
Canadian Imperial Bank of Commerce
CM
$109B
| $91M | 0.03% |
2,130,426
-2,106
| -0.1% | -$85.8K |
|
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.