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 | |
|---|---|---|---|---|---|---|
|
GMS
1076
DELISTED
GMS Inc
GMS
| $57.6M | 0.02% |
2,388,404
+5,104
| +0.2% | +$125K |
|
1077
CMS Energy
CMS
$22.6B
| $57.5M | 0.02% |
937,036
+17,527
| +2% | +$1.07M |
|
1078
Avient
AVNT
$3.33B
| $57.5M | 0.02% |
2,172,794
-172,443
| -7% | -$4.5M |
|
|
GES
1079
DELISTED
Guess Inc
GES
| $57.4M | 0.02% |
4,943,525
-244,477
| -5% | -$2.81M |
|
1080
Five Below
FIVE
$12B
| $57.4M | 0.02% |
451,907
-10,356
| -2% | -$1.18M |
|
|
BKI
1081
DELISTED
Black Knight, Inc. Common Stock
BKI
| $57.4M | 0.02% |
659,069
+18,693
| +3% | +$1.47M |
|
|
SINA
1082
DELISTED
Sina Corp
SINA
| $57.2M | 0.02% |
1,343,344
-8,814
| -0.7% | -$354K |
|
1083
EPAM Systems
EPAM
$5.51B
| $57.1M | 0.02% |
176,653
-667
| -0.4% | -$199K |
|
|
MASI
1084
DELISTED
Masimo
MASI
| $57M | 0.02% |
241,341
-11,492
| -5% | -$2.58M |
|
1085
1-800-Flowers.com
FLWS
$250M
| $56.9M | 0.02% |
2,281,282
-71,506
| -3% | -$1.89M |
|
|
JKS
1086
JinkoSolar
JKS
$793M
| $56.8M | 0.02% |
1,429,427
-113,182
| -7% | -$2.59M |
|
1087
Kadant
KAI
$3.63B
| $56.7M | 0.02% |
517,359
-30,217
| -6% | -$3.43M |
|
1088
Independent Bank
INDB
$3.99B
| $56.7M | 0.02% |
1,081,938
+4,334
| +0.4% | +$269K |
|
1089
Acushnet Holdings
GOLF
$5.93B
| $56.6M | 0.02% |
1,683,694
-69,111
| -4% | -$2.43M |
|
1090
Elanco Animal Health
ELAN
$13.2B
| $56.5M | 0.02% |
2,025,377
+172,914
| +9% | +$4.38M |
|
1091
Rollins
ROL
$18.3B
| $56.5M | 0.02% |
1,564,311
+32,796
| +2% | +$1.13M |
|
|
AZPN
1092
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $56.4M | 0.02% |
445,874
+8,447
| +2% | +$1.07M |
|
|
UCB
1093
United Community Banks
UCB
$4.24B
| $56.4M | 0.02% |
3,332,867
+20,152
| +0.6% | +$363K |
|
1094
American States Water
AWR
$3.36B
| $56.4M | 0.02% |
752,157
-31,429
| -4% | -$2.41M |
|
1095
Liberty Latin America Class C
LILAK
$1.63B
| $56.2M | 0.02% |
7,597,183
+1,669,895
| +28% | +$13.4M |
|
|
NUVA
1096
DELISTED
NuVasive, Inc.
NUVA
| $56.2M | 0.02% |
1,157,091
-27,547
| -2% | -$1.48M |
|
1097
AeroVironment
AVAV
$7.56B
| $56.1M | 0.02% |
934,472
-57,781
| -6% | -$4.29M |
|
1098
Itron
ITRI
$4.36B
| $56M | 0.02% |
921,395
-33,949
| -4% | -$2.16M |
|
1099
Commerce Bancshares
CBSH
$8.53B
| $55.9M | 0.02% |
1,331,933
-19,740
| -1% | -$848K |
|
1100
Devon Energy
DVN
$52.1B
| $55.8M | 0.02% |
5,897,016
-385,707
| -6% | -$4.06M |
|
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.