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 |
Alibaba
BABA
|
+$179M |
| 2 |
Prologis
PLD
|
+$125M |
| 3 |
Visa
V
|
+$98.1M |
| 4 |
Walt Disney
DIS
|
+$85.8M |
| 5 |
Halliburton
HAL
|
+$69.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$322M |
| 2 |
AT&T
T
|
+$257M |
| 3 |
ExxonMobil
XOM
|
+$239M |
| 4 |
JPMorgan Chase
JPM
|
+$239M |
| 5 |
AYR
Aircastle Ltd
AYR
|
+$206M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.39% |
| 2 | Technology | 15.83% |
| 3 | Industrials | 12.66% |
| 4 | Healthcare | 11.95% |
| 5 | Consumer Discretionary | 9.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1201
Ennis
EBF
$554M
| $40.9M | 0.02% |
2,178,400
+4,477
| +0.2% | +$89.8K |
|
|
ATRI
1202
DELISTED
Atrion Corp
ATRI
| $40.8M | 0.02% |
62,820
-217
| -0.3% | -$148K |
|
1203
Coty
COTY
$2.4B
| $40.8M | 0.02% |
7,909,304
+257,710
| +3% | +$2.42M |
|
1204
TechnipFMC
FTI
$28.6B
| $40.7M | 0.02% |
8,123,209
+1,991,924
| +32% | +$21.9M |
|
|
AVTA
1205
DELISTED
Avantax, Inc. Common Stock
AVTA
| $40.7M | 0.02% |
3,374,652
| – | – |
|
|
PFC
1206
DELISTED
Premier Financial Corp. Common Stock
PFC
| $40.6M | 0.02% |
2,756,984
+1,139,221
| +70% | +$29M |
|
|
DCOM
1207
DELISTED
Dime Community Bancshares
DCOM
| $40.6M | 0.02% |
2,962,550
-65,506
| -2% | -$1.16M |
|
|
BPFH
1208
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $40.6M | 0.02% |
5,680,134
-83,915
| -1% | -$864K |
|
1209
Live Nation Entertainment
LYV
$42.9B
| $40.6M | 0.02% |
893,289
-31,536
| -3% | -$1.95M |
|
|
SFBS
1210
ServisFirst Bancshares
SFBS
$4.9B
| $40.5M | 0.02% |
1,383,007
+11,843
| +0.9% | +$415K |
|
|
AZPN
1211
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $40.5M | 0.02% |
426,354
-32,807
| -7% | -$3.12M |
|
1212
East-West Bancorp
EWBC
$17.8B
| $40.5M | 0.02% |
1,574,335
+117,629
| +8% | +$4.9M |
|
1213
Teck Resources
TECK
$28.2B
| $40.5M | 0.02% |
5,361,040
-561,184
| -9% | -$6.72M |
|
1214
Fidelity National Financial
FNF
$14.4B
| $40.3M | 0.02% |
1,685,196
+119,786
| +8% | +$4.7M |
|
|
PRAH
1215
DELISTED
PRA Health Sciences, Inc.
PRAH
| $40.3M | 0.02% |
485,162
+12,145
| +3% | +$1.18M |
|
1216
Ubiquiti
UI
$31.6B
| $40.3M | 0.02% |
284,508
-31,037
| -10% | -$4.74M |
|
1217
Western Alliance Bancorporation
WAL
$8.81B
| $40.3M | 0.02% |
1,315,896
+15,452
| +1% | +$739K |
|
1218
Deutsche Bank
DB
$67.9B
| $40.3M | 0.02% |
6,271,999
-27,940
| -0.4% | -$232K |
|
1219
Kadant
KAI
$3.58B
| $40.2M | 0.02% |
537,927
+493
| +0.1% | +$46.7K |
|
1220
Western Union
WU
$2.53B
| $40.1M | 0.02% |
2,212,353
-306,315
| -12% | -$7.51M |
|
1221
Tenet Healthcare
THC
$22.2B
| $40.1M | 0.02% |
2,783,462
-71,833
| -3% | -$2.06M |
|
|
SCS
1222
DELISTED
Steelcase
SCS
| $39.9M | 0.02% |
4,046,609
-124,894
| -3% | -$2.06M |
|
1223
A.O. Smith
AOS
$8.55B
| $39.9M | 0.02% |
1,055,310
+7,499
| +0.7% | +$320K |
|
1224
Cabot Corp
CBT
$4.72B
| $39.9M | 0.02% |
1,527,044
+34,997
| +2% | +$1.33M |
|
|
HTO
1225
H2O America
HTO
$2.67B
| $39.8M | 0.02% |
689,669
-58,239
| -8% | -$3.92M |
|
Similar funds
Dimensional Fund Advisors's Q1 2020 Portfolio in Review
As of Q1 2020, Dimensional Fund Advisors held 3,447 positions worth $192B, down 30% from $274B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q1 2020: portfolio turnover was 4.1%. Dimensional Fund Advisors opened 68 new positions and exited 73, leaving the 3,447-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 19% a quarter earlier, followed by Technology and Industrials.
- Dimensional Fund Advisors's largest Q1 2020 buy was Natura &Co Holding S.A. American Depositary Shares (each representing two Common Shares): 2,843,834 shares worth $28M.
- Dimensional Fund Advisors added most to Alibaba in Q1 2020, an estimated $179M increase.
- Dimensional Fund Advisors's biggest Q1 2020 reduction was Intel, cutting an estimated $322M.
- Dimensional Fund Advisors fully exited Aircastle Ltd in Q1 2020, selling an estimated $206M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $192B portfolio in Q1 2020.
- Dimensional Fund Advisors opened 68 new positions and closed 73 in Q1 2020.
- Dimensional Fund Advisors's portfolio value fell 30% quarter-over-quarter to $192B.
Based on Dimensional Fund Advisors's 13F filing for Q1 2020, filed 14 May 2020.