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 | |
|---|---|---|---|---|---|---|
|
JNPR
851
DELISTED
Juniper Networks
JNPR
| $89.4M | 0.03% |
3,971,476
+284,386
| +8% | +$6.21M |
|
852
First Financial Bankshares
FFIN
$5.05B
| $89.3M | 0.03% |
2,469,169
-5,351
| -0.2% | -$175K |
|
853
W.R. Berkley
WRB
$28.3B
| $88.8M | 0.03% |
3,009,008
+68,535
| +2% | +$1.98M |
|
854
RenaissanceRe
RNR
$13.9B
| $88.8M | 0.03% |
535,441
+4,743
| +0.9% | +$806K |
|
855
Fortinet
FTNT
$110B
| $88.7M | 0.03% |
2,986,135
+89,430
| +3% | +$2.26M |
|
856
First Citizens BancShares
FCNCA
$25B
| $88.7M | 0.03% |
154,441
-10,626
| -6% | -$5.36M |
|
|
SASR
857
DELISTED
Sandy Spring Bancorp Inc
SASR
| $88.7M | 0.03% |
2,754,083
-10,376
| -0.4% | -$296K |
|
858
Kratos Defense & Security Solutions
KTOS
$9.12B
| $88.6M | 0.03% |
3,231,525
-160,107
| -5% | -$3.5M |
|
|
EV
859
DELISTED
Eaton Vance Corp.
EV
| $88.6M | 0.03% |
1,304,597
-4,797
| -0.4% | -$300K |
|
860
C.H. Robinson
CHRW
$20B
| $88.5M | 0.03% |
942,989
-472
| -0.1% | -$45K |
|
861
Oneok
OKE
$55.9B
| $88.5M | 0.03% |
2,305,455
+426,212
| +23% | +$14.3M |
|
862
M/I Homes
MHO
$3.89B
| $88.4M | 0.03% |
1,996,957
-5,099
| -0.3% | -$230K |
|
863
Gentherm
THRM
$1.29B
| $88.2M | 0.03% |
1,352,392
-112,895
| -8% | -$6.09M |
|
864
Qualys
QLYS
$4.78B
| $88.2M | 0.03% |
723,748
-24,037
| -3% | -$2.38M |
|
865
Floor & Decor
FND
$6.14B
| $88M | 0.03% |
947,613
-59,858
| -6% | -$4.99M |
|
866
Booz Allen Hamilton
BAH
$8.8B
| $88M | 0.03% |
1,009,097
+28,726
| +3% | +$2.44M |
|
|
MRO
867
DELISTED
Marathon Oil Corporation
MRO
| $87.9M | 0.03% |
13,176,801
+1,420,462
| +12% | +$7.63M |
|
868
Coeur Mining
CDE
$15.4B
| $87.9M | 0.03% |
8,489,486
-356,099
| -4% | -$2.92M |
|
869
Novanta
NOVT
$5.04B
| $87.8M | 0.03% |
742,865
-38,064
| -5% | -$4.44M |
|
870
Cooper Companies
COO
$14.1B
| $87.6M | 0.03% |
964,952
+13,840
| +1% | +$1.19M |
|
871
Albany International
AIN
$2.16B
| $87.6M | 0.03% |
1,193,506
-14,060
| -1% | -$886K |
|
872
Healthcare Realty
HR
$7.58B
| $87.6M | 0.03% |
3,180,974
-87,165
| -3% | -$2.3M |
|
873
Virtus Investment Partners
VRTS
$1.14B
| $87.6M | 0.03% |
403,582
-47,667
| -11% | -$8.66M |
|
874
Kaiser Aluminum
KALU
$2.65B
| $87.5M | 0.03% |
884,889
-193
| -0% | -$14.8K |
|
|
PACW
875
DELISTED
PacWest Bancorp
PACW
| $87.5M | 0.03% |
3,445,502
+4,092
| +0.1% | +$91.3K |
|
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.