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 | |
|---|---|---|---|---|---|---|
1326
Chefs' Warehouse
CHEF
$4.48B
| $55.5M | 0.02% |
1,456,371
-18,629
| -1% | -$677K |
|
1327
America's Car Mart
CRMT
$14.6M
| $55.5M | 0.02% |
505,985
-28,827
| -5% | -$2.79M |
|
1328
Madison Square Garden
MSGS
$9.5B
| $55.5M | 0.02% |
264,294
-8,647
| -3% | -$1.7M |
|
|
CVA
1329
DELISTED
Covanta Holding Corporation
CVA
| $55.5M | 0.02% |
3,736,688
-6,331
| -0.2% | -$96.5K |
|
1330
International Flavors & Fragrances
IFF
$21.8B
| $55.4M | 0.02% |
429,277
+2,845
| +0.7% | +$363K |
|
1331
Globus Medical
GMED
$10.1B
| $55.4M | 0.02% |
940,361
-80,953
| -8% | -$4.39M |
|
1332
Community Trust Bancorp
CTBI
$1.39B
| $55.2M | 0.02% |
1,183,650
-11,048
| -0.9% | -$490K |
|
1333
F5
FFIV
$24.7B
| $55.2M | 0.02% |
395,178
+8,699
| +2% | +$1.23M |
|
1334
Lincoln Electric
LECO
$14.1B
| $55.2M | 0.02% |
570,429
-3,540
| -0.6% | -$322K |
|
1335
TransUnion
TRU
$14B
| $55.1M | 0.02% |
643,584
+2,511
| +0.4% | +$209K |
|
1336
National Health Investors
NHI
$3.43B
| $55M | 0.02% |
675,599
+11,681
| +2% | +$956K |
|
1337
JD.com
JD
$36.2B
| $55M | 0.02% |
1,560,201
+418,308
| +37% | +$13.5M |
|
|
EV
1338
DELISTED
Eaton Vance Corp.
EV
| $54.9M | 0.02% |
1,175,320
-18,140
| -2% | -$839K |
|
1339
Littelfuse
LFUS
$10.3B
| $54.8M | 0.02% |
286,691
+10,629
| +4% | +$1.95M |
|
1340
Primoris Services
PRIM
$4.11B
| $54.8M | 0.02% |
2,464,065
-5,357
| -0.2% | -$115K |
|
1341
AZZ Inc
AZZ
$4.01B
| $54.8M | 0.02% |
1,192,580
+4,187
| +0.4% | +$171K |
|
|
VGR
1342
DELISTED
Vector Group Ltd.
VGR
| $54.7M | 0.02% |
5,762,299
+334,161
| +6% | +$2.92M |
|
1343
Viasat
VSAT
$10.1B
| $54.6M | 0.02% |
745,939
+7,357
| +1% | +$526K |
|
|
WLH
1344
DELISTED
WILLIAM LYON HOMES
WLH
| $54.6M | 0.02% |
2,732,693
-40,785
| -1% | -$833K |
|
1345
SLM Corp
SLM
$4.73B
| $54.5M | 0.02% |
6,114,616
+538,662
| +10% | +$4.68M |
|
1346
US Physical Therapy
USPH
$1.24B
| $54.4M | 0.02% |
475,777
-7,519
| -2% | -$936K |
|
|
WMGI
1347
DELISTED
Wright Medical Group Inc
WMGI
| $54.4M | 0.02% |
1,783,238
+98,717
| +6% | +$2.58M |
|
1348
Brighthouse Financial
BHF
$2.83B
| $54.3M | 0.02% |
1,383,282
+476,743
| +53% | +$18.8M |
|
|
HEES
1349
DELISTED
H&E Equipment Services
HEES
| $54.2M | 0.02% |
1,622,793
-18,548
| -1% | -$602K |
|
1350
Stoneridge
SRI
$207M
| $54.2M | 0.02% |
1,848,511
-55,645
| -3% | -$1.71M |
|
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.