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 | |
|---|---|---|---|---|---|---|
|
BPFH
1101
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $69.3M | 0.03% |
5,764,049
+79,904
| +1% | +$926K |
|
1102
Markel Group
MKL
$22.1B
| $69.2M | 0.03% |
60,560
-454
| -0.7% | -$517K |
|
|
HR
1103
DELISTED
Healthcare Realty Trust Incorporated
HR
| $69.2M | 0.03% |
2,073,685
+63,558
| +3% | +$2.11M |
|
1104
TriNet
TNET
$3.18B
| $69.2M | 0.03% |
1,222,078
-17,092
| -1% | -$951K |
|
|
CSGS
1105
DELISTED
CSG Systems International
CSGS
| $69.2M | 0.03% |
1,335,690
-13,314
| -1% | -$718K |
|
1106
Virtus Investment Partners
VRTS
$866M
| $69M | 0.03% |
566,596
-19,250
| -3% | -$2.15M |
|
1107
Fomento Económico Mexicano
FMX
$41.2B
| $68.8M | 0.03% |
727,994
-149,968
| -17% | -$13.8M |
|
1108
Ciena
CIEN
$48.3B
| $68.8M | 0.03% |
1,610,659
-6,483
| -0.4% | -$247K |
|
1109
eHealth
EHTH
$27.5M
| $68.7M | 0.03% |
715,234
-43,632
| -6% | -$3.39M |
|
|
AMTD
1110
DELISTED
TD Ameritrade Holding Corp
AMTD
| $68.7M | 0.03% |
1,382,343
+225,237
| +19% | +$9.76M |
|
1111
Carter's
CRI
$1.07B
| $68.5M | 0.03% |
626,753
-6,446
| -1% | -$653K |
|
1112
Brown & Brown
BRO
$22B
| $68.5M | 0.03% |
1,734,939
-97,087
| -5% | -$3.65M |
|
1113
Heartland Express
HTLD
$919M
| $68.5M | 0.03% |
3,253,166
+3,630
| +0.1% | +$77.8K |
|
1114
CorVel
CRVL
$3.6B
| $68.3M | 0.02% |
2,346,150
-41,472
| -2% | -$1.1M |
|
1115
Stride
LRN
$3.41B
| $68.3M | 0.02% |
3,356,184
-2,359
| -0.1% | -$50.4K |
|
1116
Fidelity National Financial
FNF
$11.5B
| $68.3M | 0.02% |
1,565,410
+1,938
| +0.1% | +$86K |
|
|
EE
1117
DELISTED
El Paso Electric Company
EE
| $68.2M | 0.02% |
1,004,257
-12,435
| -1% | -$838K |
|
1118
Wabash National
WNC
$482M
| $68.1M | 0.02% |
4,636,091
-55,376
| -1% | -$823K |
|
1119
Evercore
EVR
$10.1B
| $67.9M | 0.02% |
908,753
-3,429
| -0.4% | -$261K |
|
1120
Ryman Hospitality Properties
RHP
$8.27B
| $67.9M | 0.02% |
783,743
+28,542
| +4% | +$2.45M |
|
1121
Hexcel
HXL
$6.89B
| $67.9M | 0.02% |
925,735
-392
| -0% | -$30.1K |
|
1122
Toro Company
TTC
$8.74B
| $67.8M | 0.02% |
850,863
-4,530
| -0.5% | -$347K |
|
1123
Cracker Barrel
CBRL
$966M
| $67.8M | 0.02% |
440,833
-3,791
| -0.9% | -$597K |
|
1124
Wingstop
WING
$2.75B
| $67.8M | 0.02% |
785,722
-11,984
| -2% | -$995K |
|
|
MAGN
1125
Magnera Corp
MAGN
$414M
| $67.6M | 0.02% |
284,299
-1,319
| -0.5% | -$293K |
|
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.