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 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$221M |
| 2 |
WillScot Mobile Mini Holdings
WSC
|
+$137M |
| 3 |
First Horizon
FHN
|
+$120M |
| 4 |
Alibaba
BABA
|
+$116M |
| 5 |
Brookfield Renewable
BEPC
|
+$85.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$732M |
| 2 |
TECD
Tech Data Corp
TECD
|
+$350M |
| 3 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$242M |
| 4 |
Pfizer
PFE
|
+$211M |
| 5 |
LM
Legg Mason, Inc.
LM
|
+$177M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.28% |
| 2 | Financials | 15.39% |
| 3 | Industrials | 13.31% |
| 4 | Consumer Discretionary | 12.36% |
| 5 | Healthcare | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MTOR
1001
DELISTED
MERITOR, Inc.
MTOR
| $61.7M | 0.03% |
2,948,147
-288,353
| -9% | -$6.49M |
|
1002
Protolabs
PRLB
$1.79B
| $61.7M | 0.03% |
476,518
+19,634
| +4% | +$2.58M |
|
1003
Mercury Insurance
MCY
$5.93B
| $61.6M | 0.03% |
1,489,270
-21,616
| -1% | -$929K |
|
1004
Entergy
ETR
$50.2B
| $61.5M | 0.03% |
1,248,648
+32,736
| +3% | +$1.62M |
|
1005
Chemed
CHE
$7.07B
| $61.4M | 0.03% |
127,856
-600
| -0.5% | -$294K |
|
1006
Advanced Energy
AEIS
$11.6B
| $61.4M | 0.03% |
975,411
-88,759
| -8% | -$6.2M |
|
1007
Heartland Express
HTLD
$948M
| $61.4M | 0.03% |
3,298,445
-20,359
| -0.6% | -$415K |
|
|
X
1008
DELISTED
US Steel
X
| $61.3M | 0.03% |
8,350,564
-1,910,788
| -19% | -$14.5M |
|
1009
International Flavors & Fragrances
IFF
$20.2B
| $61.2M | 0.03% |
499,898
+40,495
| +9% | +$5.04M |
|
1010
Coca-Cola Consolidated
COKE
$12.5B
| $61.2M | 0.03% |
2,541,430
-23,300
| -0.9% | -$584K |
|
1011
Liberty Media Series C
FWONK
$24.6B
| $61.1M | 0.03% |
1,743,375
+99,120
| +6% | +$3.48M |
|
1012
UMB Financial
UMBF
$11.1B
| $61.1M | 0.03% |
1,246,814
+7,958
| +0.6% | +$402K |
|
1013
Polaris
PII
$3.82B
| $61.1M | 0.03% |
647,700
-60,681
| -9% | -$5.97M |
|
1014
Hanover Insurance
THG
$8.1B
| $61.1M | 0.03% |
655,613
+2,381
| +0.4% | +$237K |
|
1015
Jack Henry & Associates
JKHY
$10.9B
| $61M | 0.03% |
375,228
-6,092
| -2% | -$1.06M |
|
1016
ZTO Express
ZTO
$18.3B
| $61M | 0.03% |
2,040,021
+389,649
| +24% | +$13.3M |
|
1017
Carnival Corporation Ltd
CCL
$38.1B
| $61M | 0.03% |
4,017,126
-128,314
| -3% | -$1.98M |
|
1018
Cogent Communications
CCOI
$676M
| $60.9M | 0.03% |
1,014,135
-116,206
| -10% | -$8.48M |
|
1019
IPG Photonics
IPGP
$3.61B
| $60.9M | 0.03% |
358,273
+2,711
| +0.8% | +$447K |
|
1020
Adeia
ADEA
$2.94B
| $60.9M | 0.03% |
20,019,315
-189
| -0% | -$698 |
|
1021
Fidelity National Financial
FNF
$13.9B
| $60.7M | 0.03% |
2,017,939
+182,022
| +10% | +$5.7M |
|
1022
Benchmark Electronics
BHE
$2.87B
| $60.6M | 0.03% |
3,007,285
-55,371
| -2% | -$1.13M |
|
1023
Matador Resources
MTDR
$6.2B
| $60.5M | 0.03% |
7,326,591
-71,315
| -1% | -$639K |
|
1024
FirstCash
FCFS
$8.85B
| $60.5M | 0.03% |
1,057,069
-52,869
| -5% | -$3.23M |
|
1025
Carter's
CRI
$1.42B
| $60.4M | 0.03% |
698,149
-43,018
| -6% | -$3.58M |
|
Similar funds
Dimensional Fund Advisors's Q3 2020 Portfolio in Review
As of Q3 2020, Dimensional Fund Advisors held 3,412 positions worth $236B, up 3.6% from $228B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 4.5%. Dimensional Fund Advisors opened 74 new positions and exited 81, leaving the 3,412-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 16% a quarter earlier, followed by Financials and Industrials.
- Dimensional Fund Advisors's largest Q3 2020 buy was WillScot Mobile Mini Holdings: 8,572,662 shares worth $143M.
- Dimensional Fund Advisors added most to Royal Dutch Shell PLC ADS Class B in Q3 2020, an estimated $221M increase.
- Dimensional Fund Advisors's biggest Q3 2020 reduction was Apple, cutting an estimated $732M.
- Dimensional Fund Advisors fully exited Tech Data Corp in Q3 2020, selling an estimated $350M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $236B portfolio in Q3 2020.
- Dimensional Fund Advisors opened 74 new positions and closed 81 in Q3 2020.
- Dimensional Fund Advisors's portfolio value rose 3.6% quarter-over-quarter to $236B.
Based on Dimensional Fund Advisors's 13F filing for Q3 2020, filed 12 Nov 2020.