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 |
Alibaba
BABA
|
+$179M |
| 2 |
Prologis
PLD
|
+$125M |
| 3 |
Visa
V
|
+$98.1M |
| 4 |
Walt Disney
DIS
|
+$85.8M |
| 5 |
Halliburton
HAL
|
+$69.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$322M |
| 2 |
AT&T
T
|
+$257M |
| 3 |
ExxonMobil
XOM
|
+$239M |
| 4 |
JPMorgan Chase
JPM
|
+$239M |
| 5 |
AYR
Aircastle Ltd
AYR
|
+$206M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.39% |
| 2 | Technology | 15.83% |
| 3 | Industrials | 12.66% |
| 4 | Healthcare | 11.95% |
| 5 | Consumer Discretionary | 9.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
PBF Energy
PBF
$7.49B
| $51.9M | 0.03% |
7,330,415
-578,441
| -7% | -$13M |
|
1002
Dorman Products
DORM
$4.22B
| $51.9M | 0.03% |
938,910
+3,937
| +0.4% | +$268K |
|
1003
OceanFirst Financial
OCFC
$1.71B
| $51.9M | 0.03% |
3,259,386
+95,853
| +3% | +$2.02M |
|
1004
Domino's
DPZ
$11.9B
| $51.8M | 0.03% |
159,703
-2,645
| -2% | -$816K |
|
1005
Addus HomeCare
ADUS
$2.22B
| $51.6M | 0.03% |
763,525
-22,791
| -3% | -$1.97M |
|
|
TIVO
1006
DELISTED
Tivo Inc
TIVO
| $51.5M | 0.03% |
7,276,630
| – | – |
|
|
QTS
1007
DELISTED
QTS REALTY TRUST, INC.
QTS
| $51.5M | 0.03% |
887,918
+3,361
| +0.4% | +$188K |
|
|
CMA
1008
DELISTED
Comerica
CMA
| $51.4M | 0.03% |
1,751,440
+458,818
| +35% | +$24.9M |
|
|
SNV
1009
DELISTED
Synovus
SNV
| $51.4M | 0.03% |
2,924,250
+393,356
| +16% | +$12.1M |
|
|
CUB
1010
DELISTED
Cubic Corporation
CUB
| $51.4M | 0.03% |
1,242,990
-2,735
| -0.2% | -$158K |
|
|
TWTR
1011
DELISTED
Twitter, Inc.
TWTR
| $51.3M | 0.03% |
2,090,182
+10,034
| +0.5% | +$325K |
|
1012
Dana Inc
DAN
$2.88B
| $51.3M | 0.03% |
6,573,946
+725,763
| +12% | +$10M |
|
1013
Toro Company
TTC
$8.79B
| $51.3M | 0.03% |
788,183
-62,680
| -7% | -$4.76M |
|
1014
Evergy
EVRG
$19.4B
| $51.2M | 0.03% |
929,820
-59,478
| -6% | -$3.91M |
|
|
NGHC
1015
DELISTED
National General Holdings Corp
NGHC
| $51.1M | 0.03% |
3,090,163
+98,824
| +3% | +$1.98M |
|
1016
S&T Bancorp
STBA
$1.9B
| $51M | 0.03% |
1,868,031
-19,139
| -1% | -$668K |
|
1017
Gorman-Rupp
GRC
$2.07B
| $50.9M | 0.03% |
1,630,319
-29,321
| -2% | -$993K |
|
1018
Performance Food Group
PFGC
$18.3B
| $50.8M | 0.03% |
2,055,916
+8,191
| +0.4% | +$352K |
|
|
DISH
1019
DELISTED
DISH Network Corp.
DISH
| $50.6M | 0.03% |
2,530,815
+79,385
| +3% | +$2.57M |
|
1020
Kennametal
KMT
$2.56B
| $50.4M | 0.03% |
2,706,367
-19,438
| -0.7% | -$554K |
|
1021
Toronto Dominion Bank
TD
$193B
| $50.4M | 0.03% |
1,188,670
+112,109
| +10% | +$5.75M |
|
1022
Texas Roadhouse
TXRH
$13.7B
| $50.4M | 0.03% |
1,219,797
+37,107
| +3% | +$2.05M |
|
1023
New Oriental
EDU
$9.32B
| $50.4M | 0.03% |
465,425
+132,606
| +40% | +$17M |
|
1024
Mueller Industries
MLI
$14.5B
| $50.3M | 0.03% |
8,404,312
-16,304
| -0.2% | -$117K |
|
1025
British American Tobacco
BTI
$136B
| $50.3M | 0.03% |
1,470,341
-332,390
| -18% | -$13.6M |
|
Similar funds
Dimensional Fund Advisors's Q1 2020 Portfolio in Review
As of Q1 2020, Dimensional Fund Advisors held 3,447 positions worth $192B, down 30% from $274B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q1 2020: portfolio turnover was 4.1%. Dimensional Fund Advisors opened 68 new positions and exited 73, leaving the 3,447-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 19% a quarter earlier, followed by Technology and Industrials.
- Dimensional Fund Advisors's largest Q1 2020 buy was Natura &Co Holding S.A. American Depositary Shares (each representing two Common Shares): 2,843,834 shares worth $28M.
- Dimensional Fund Advisors added most to Alibaba in Q1 2020, an estimated $179M increase.
- Dimensional Fund Advisors's biggest Q1 2020 reduction was Intel, cutting an estimated $322M.
- Dimensional Fund Advisors fully exited Aircastle Ltd in Q1 2020, selling an estimated $206M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $192B portfolio in Q1 2020.
- Dimensional Fund Advisors opened 68 new positions and closed 73 in Q1 2020.
- Dimensional Fund Advisors's portfolio value fell 30% quarter-over-quarter to $192B.
Based on Dimensional Fund Advisors's 13F filing for Q1 2020, filed 14 May 2020.