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 | |
|---|---|---|---|---|---|---|
1076
Franklin Resources
BEN
$17B
| $70.5M | 0.03% |
2,822,631
+82,295
| +3% | +$1.84M |
|
1077
Littelfuse
LFUS
$10.4B
| $70.5M | 0.03% |
276,882
-7,850
| -3% | -$1.74M |
|
1078
Signet Jewelers
SIG
$3.86B
| $70.4M | 0.03% |
2,582,602
-7,312
| -0.3% | -$187K |
|
1079
Hasbro
HAS
$13.6B
| $70.4M | 0.03% |
752,693
+36,928
| +5% | +$3.28M |
|
1080
Gartner
IT
$11.1B
| $70.4M | 0.03% |
439,438
+37,856
| +9% | +$5.45M |
|
1081
SLM Corp
SLM
$4.81B
| $70.4M | 0.03% |
5,680,787
-335,148
| -6% | -$3.52M |
|
|
GWB
1082
DELISTED
Great Western Bancorp, Inc.
GWB
| $70.1M | 0.03% |
3,354,804
-28,882
| -0.9% | -$476K |
|
|
WDR
1083
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $70M | 0.03% |
2,747,387
-53,213
| -2% | -$1.02M |
|
1084
Zumiez
ZUMZ
$329M
| $69.9M | 0.03% |
1,901,661
-101,731
| -5% | -$3.43M |
|
1085
Vail Resorts
MTN
$5.68B
| $69.9M | 0.03% |
250,554
-1,899
| -0.8% | -$490K |
|
1086
Twilio
TWLO
$29.2B
| $69.9M | 0.03% |
206,314
-83,158
| -29% | -$26M |
|
1087
Primoris Services
PRIM
$4.15B
| $69.7M | 0.03% |
2,525,777
-42,430
| -2% | -$977K |
|
1088
Five Below
FIVE
$11.7B
| $69.6M | 0.03% |
398,031
-53,876
| -12% | -$7.98M |
|
1089
Mativ Holdings
MATV
$478M
| $69.6M | 0.03% |
1,730,681
-22,411
| -1% | -$804K |
|
1090
Edison International
EIX
$30.3B
| $69.6M | 0.03% |
1,107,888
+26,090
| +2% | +$1.57M |
|
|
HTLF
1091
DELISTED
Heartland Financial USA, Inc.
HTLF
| $69.3M | 0.03% |
1,715,419
-2,460
| -0.1% | -$92.3K |
|
1092
Progress Software
PRGS
$1.75B
| $69.1M | 0.02% |
1,528,241
-88,942
| -5% | -$3.6M |
|
1093
NETGEAR
NTGR
$620M
| $69M | 0.02% |
1,698,835
-68,774
| -4% | -$2.34M |
|
1094
First Interstate BancSystem
FIBK
$3.66B
| $68.9M | 0.02% |
1,690,729
-15,117
| -0.9% | -$574K |
|
1095
Kadant
KAI
$3.57B
| $68.9M | 0.02% |
488,502
-28,857
| -6% | -$3.67M |
|
1096
Robert Half
RHI
$4.14B
| $68.7M | 0.02% |
1,099,880
-2,581
| -0.2% | -$154K |
|
|
SYNH
1097
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $68.6M | 0.02% |
1,007,528
-11,849
| -1% | -$739K |
|
1098
MaxLinear
MXL
$5.32B
| $68.6M | 0.02% |
1,796,881
-36,606
| -2% | -$1.06M |
|
1099
MSC Industrial Direct
MSM
$6.75B
| $68.5M | 0.02% |
811,882
-128,791
| -14% | -$9.94M |
|
1100
Commerce Bancshares
CBSH
$8.67B
| $68.4M | 0.02% |
1,328,516
-3,417
| -0.3% | -$166K |
|
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.