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 | |
|---|---|---|---|---|---|---|
1376
Adient
ADNT
$1.69B
| $33.6M | 0.02% |
3,708,274
+240,007
| +7% | +$4.83M |
|
1377
PennyMac Financial
PFSI
$4.47B
| $33.6M | 0.02% |
1,520,575
+58,912
| +4% | +$1.9M |
|
1378
Ligand Pharmaceuticals
LGND
$5.77B
| $33.6M | 0.02% |
740,766
-11,629
| -2% | -$659K |
|
|
FOE
1379
DELISTED
Ferro Corporation
FOE
| $33.6M | 0.02% |
3,584,648
+4,650
| +0.1% | +$59.1K |
|
1380
NiSource
NI
$21.5B
| $33.5M | 0.02% |
1,342,495
-95,387
| -7% | -$2.64M |
|
1381
Schneider National
SNDR
$6.17B
| $33.5M | 0.02% |
1,732,638
+37,845
| +2% | +$784K |
|
|
EBSB
1382
DELISTED
Meridian Bancorp, Inc.
EBSB
| $33.5M | 0.02% |
2,986,180
-41,964
| -1% | -$695K |
|
1383
AZZ Inc
AZZ
$4.24B
| $33.5M | 0.02% |
1,189,874
-2,706
| -0.2% | -$104K |
|
1384
Patrick Industries
PATK
$2.87B
| $33.4M | 0.02% |
1,781,520
-28,410
| -2% | -$905K |
|
|
GCP
1385
DELISTED
GCP Applied Technologies Inc.
GCP
| $33.4M | 0.02% |
1,877,881
+6,729
| +0.4% | +$143K |
|
1386
Crane NXT
CXT
$2.99B
| $33.4M | 0.02% |
1,955,659
+210,850
| +12% | +$5.42M |
|
1387
Bio-Techne
TECH
$11.2B
| $33.4M | 0.02% |
704,064
-87,408
| -11% | -$4.37M |
|
|
IAA
1388
DELISTED
IAA, Inc. Common Stock
IAA
| $33.4M | 0.02% |
1,113,168
-153,806
| -12% | -$6.64M |
|
|
LBAI
1389
DELISTED
Lakeland Bancorp Inc
LBAI
| $33.3M | 0.02% |
3,084,103
+17,944
| +0.6% | +$266K |
|
1390
Huazhu Hotels Group
HTHT
$13.3B
| $33.3M | 0.02% |
1,161,090
+126,074
| +12% | +$4.29M |
|
1391
NRC Health Common Stock
NRC
$405M
| $33.3M | 0.02% |
731,108
-3,535
| -0.5% | -$212K |
|
1392
Laureate Education
LAUR
$5.38B
| $33.2M | 0.02% |
3,161,973
+498,287
| +19% | +$8.62M |
|
|
PRSU
1393
Pursuit Attractions and Hospitality Inc
PRSU
$1.45B
| $33.2M | 0.02% |
1,565,120
-5,696
| -0.4% | -$293K |
|
1394
Lennox International
LII
$15B
| $33.2M | 0.02% |
182,522
-12,686
| -6% | -$2.93M |
|
1395
M/I Homes
MHO
$3.95B
| $33.2M | 0.02% |
2,006,595
| – | – |
|
1396
BHP
BHP
$211B
| $33.2M | 0.02% |
1,013,135
+89,203
| +10% | +$3.72M |
|
1397
Pinnacle West Capital
PNW
$12.4B
| $33M | 0.02% |
434,877
-36,480
| -8% | -$3.31M |
|
1398
Enphase Energy
ENPH
$4.63B
| $33M | 0.02% |
1,021,018
-214,710
| -17% | -$8.09M |
|
1399
Harmonic Inc
HLIT
$1.15B
| $33M | 0.02% |
5,722,133
-248,688
| -4% | -$1.67M |
|
1400
StoneX
SNEX
$8.72B
| $32.9M | 0.02% |
4,599,605
+25,484
| +0.6% | +$226K |
|
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.