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 |
Truist Financial
TFC
|
+$224M |
| 2 |
PARA
Paramount Global Class B
PARA
|
+$123M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$117M |
| 4 |
Bank of America
BAC
|
+$78.7M |
| 5 |
Valley National Bancorp
VLY
|
+$61.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$411M |
| 2 |
STI
SunTrust Banks, Inc.
STI
|
+$228M |
| 3 |
CELG
Celgene Corp
CELG
|
+$198M |
| 4 |
Walmart Inc
WMT
|
+$177M |
| 5 |
GWR
Genesee & Wyoming Inc.
GWR
|
+$172M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.31% |
| 2 | Technology | 14.29% |
| 3 | Industrials | 13.48% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Healthcare | 10.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
Shenandoah Telecom
SHEN
$642M
| $86.6M | 0.03% |
2,081,541
+810
| +0% | +$28.7K |
|
852
Motorola Solutions
MSI
$76.2B
| $86.6M | 0.03% |
537,193
+5,227
| +1% | +$861K |
|
853
WEC Energy
WEC
$33.7B
| $86.4M | 0.03% |
937,071
-1,549
| -0.2% | -$141K |
|
854
RBC Bearings
RBC
$15.4B
| $86.4M | 0.03% |
545,554
-16,103
| -3% | -$2.6M |
|
855
Itron
ITRI
$4.03B
| $86.3M | 0.03% |
1,027,442
-7,968
| -0.8% | -$627K |
|
856
Albany International
AIN
$1.71B
| $86.2M | 0.03% |
1,134,804
-10,853
| -0.9% | -$902K |
|
857
Applied Industrial Technologies
AIT
$11.6B
| $86.1M | 0.03% |
1,291,443
-6,225
| -0.5% | -$382K |
|
858
Aaon
AAON
$6.23B
| $86.1M | 0.03% |
2,614,134
-48,704
| -2% | -$1.58M |
|
859
Boston Beer
SAM
$1.75B
| $86.1M | 0.03% |
227,807
-4,077
| -2% | -$1.54M |
|
860
Coty
COTY
$2.32B
| $86.1M | 0.03% |
7,651,594
-2,000,170
| -21% | -$22.8M |
|
861
Casella Waste Systems
CWST
$5.73B
| $86M | 0.03% |
1,867,660
-57,347
| -3% | -$2.53M |
|
862
Ulta Beauty
ULTA
$22.7B
| $85.8M | 0.03% |
338,965
+1,845
| +0.5% | +$451K |
|
863
Capri Holdings
CPRI
$1.67B
| $85.6M | 0.03% |
2,244,451
-197,010
| -8% | -$6.8M |
|
864
Hormel Foods
HRL
$11.4B
| $85.6M | 0.03% |
1,897,430
-84,141
| -4% | -$3.62M |
|
|
CSFL
865
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $85.5M | 0.03% |
3,423,331
+133,521
| +4% | +$3.34M |
|
866
Expedia Group
EXPE
$34.4B
| $85.5M | 0.03% |
790,245
-10,800
| -1% | -$1.27M |
|
|
SCS
867
DELISTED
Steelcase
SCS
| $85.3M | 0.03% |
4,171,503
-87,782
| -2% | -$1.63M |
|
|
AJRD
868
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $85M | 0.03% |
1,861,146
-11,868
| -0.6% | -$537K |
|
869
United Fire Group
UFCS
$1.41B
| $84.9M | 0.03% |
1,941,999
-14,808
| -0.8% | -$662K |
|
870
Akamai
AKAM
$15B
| $84.9M | 0.03% |
982,724
+4,211
| +0.4% | +$368K |
|
871
Brink's
BCO
$4.47B
| $84.8M | 0.03% |
935,602
-24,082
| -3% | -$2.13M |
|
872
Consolidated Edison
ED
$39B
| $84.6M | 0.03% |
935,344
+27,402
| +3% | +$2.45M |
|
873
Teledyne Technologies
TDY
$27.9B
| $84.6M | 0.03% |
243,983
-10,287
| -4% | -$3.46M |
|
874
Fortive
FTV
$16.7B
| $84.5M | 0.03% |
1,754,900
+41,280
| +2% | +$1.86M |
|
875
First Financial Bankshares
FFIN
$4.78B
| $84.5M | 0.03% |
2,406,831
-42,052
| -2% | -$1.45M |
|
Similar funds
Dimensional Fund Advisors's Q4 2019 Portfolio in Review
As of Q4 2019, Dimensional Fund Advisors held 3,465 positions worth $274B, up 6.6% from $257B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Trading was light in Q4 2019: portfolio turnover was 3.8%. Dimensional Fund Advisors opened 48 new positions and exited 85, leaving the 3,465-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 19% a quarter earlier, followed by Technology and Industrials.
- Dimensional Fund Advisors's largest Q4 2019 buy was Envista: 1,368,881 shares worth $40.6M.
- Dimensional Fund Advisors added most to Truist Financial in Q4 2019, an estimated $224M increase.
- Dimensional Fund Advisors's biggest Q4 2019 reduction was Apple, cutting an estimated $411M.
- Dimensional Fund Advisors fully exited SunTrust Banks, Inc. in Q4 2019, selling an estimated $228M.
- Dimensional Fund Advisors's ten largest holdings make up 11% of its $274B portfolio in Q4 2019.
- Dimensional Fund Advisors opened 48 new positions and closed 85 in Q4 2019.
- Dimensional Fund Advisors's portfolio value rose 6.6% quarter-over-quarter to $274B.
Based on Dimensional Fund Advisors's 13F filing for Q4 2019, filed 14 Feb 2020.