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 | |
|---|---|---|---|---|---|---|
|
PPL
1026
PPL Corp
PPL
$25.1B
| $74.1M | 0.03% |
2,066,473
+6,012
| +0.3% | +$202K |
|
1027
Western Alliance Bancorporation
WAL
$8.49B
| $74.1M | 0.03% |
1,300,444
+41,891
| +3% | +$2.14M |
|
1028
Synopsys
SNPS
$72.5B
| $74M | 0.03% |
531,750
-2,025
| -0.4% | -$278K |
|
1029
Coca-Cola Consolidated
COKE
$13.2B
| $74M | 0.03% |
2,605,130
-128,010
| -5% | -$3.58M |
|
1030
American States Water
AWR
$3.46B
| $73.9M | 0.03% |
853,132
-152,514
| -15% | -$13.5M |
|
1031
Raymond James Financial
RJF
$31.7B
| $73.9M | 0.03% |
1,238,490
-11,156
| -0.9% | -$644K |
|
1032
Adient
ADNT
$1.41B
| $73.7M | 0.03% |
3,468,267
+174,008
| +5% | +$3.86M |
|
1033
Public Service Enterprise Group
PEG
$35.1B
| $73.7M | 0.03% |
1,248,031
+36,313
| +3% | +$2.2M |
|
1034
Edison International
EIX
$21.1B
| $73.7M | 0.03% |
976,857
+25,601
| +3% | +$1.81M |
|
1035
NorthWestern Energy
NWE
$4.22B
| $73.6M | 0.03% |
1,027,345
-38,529
| -4% | -$2.78M |
|
1036
Visteon
VC
$2.6B
| $73.5M | 0.03% |
849,401
+1,055
| +0.1% | +$94K |
|
|
UN
1037
DELISTED
Unilever NV New York Registry Shares
UN
| $73.5M | 0.03% |
1,278,933
+12,767
| +1% | +$754K |
|
|
ARCH
1038
DELISTED
Arch Resources, Inc.
ARCH
| $73.4M | 0.03% |
1,023,030
-31,843
| -3% | -$2.44M |
|
1039
Novanta
NOVT
$5.02B
| $73.3M | 0.03% |
829,099
-100,491
| -11% | -$8.67M |
|
|
TBI
1040
Trueblue
TBI
$276M
| $73.3M | 0.03% |
3,046,865
+6,684
| +0.2% | +$152K |
|
|
ATSG
1041
DELISTED
Air Transport Services Group
ATSG
| $73.3M | 0.03% |
3,124,595
-114,805
| -4% | -$2.57M |
|
1042
ATN International
ATNI
$458M
| $73.2M | 0.03% |
1,322,228
-3,597
| -0.3% | -$205K |
|
1043
Progress Software
PRGS
$1.72B
| $73.1M | 0.03% |
1,758,856
-23,575
| -1% | -$958K |
|
1044
Matthews International
MATW
$623M
| $73.1M | 0.03% |
1,914,217
+17,337
| +0.9% | +$636K |
|
|
NWLI
1045
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $72.5M | 0.03% |
249,340
-2,235
| -0.9% | -$599K |
|
1046
MillerKnoll
MLKN
$1.44B
| $72.5M | 0.03% |
1,739,686
-41,439
| -2% | -$1.92M |
|
1047
Gentherm
THRM
$1.17B
| $72.4M | 0.03% |
1,631,163
-13,849
| -0.8% | -$590K |
|
1048
Commerce Bancshares
CBSH
$8.22B
| $72.4M | 0.03% |
1,428,117
-36,169
| -2% | -$1.69M |
|
1049
Warner Bros
WBD
$70.4B
| $72.4M | 0.03% |
2,211,130
+24,417
| +1% | +$736K |
|
1050
Teleflex
TFX
$5.42B
| $72.3M | 0.03% |
191,958
-642
| -0.3% | -$221K |
|
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.