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 |
AbbVie
ABBV
|
+$214M |
| 2 |
Verizon
VZ
|
+$148M |
| 3 |
Otis Worldwide
OTIS
|
+$142M |
| 4 |
Baidu
BIDU
|
+$124M |
| 5 |
Alibaba
BABA
|
+$120M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$324M |
| 2 |
Amazon
AMZN
|
+$313M |
| 3 |
Bank of America
BAC
|
+$264M |
| 4 |
AGN
Allergan plc
AGN
|
+$259M |
| 5 |
Wells Fargo
WFC
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.39% |
| 2 | Financials | 16.29% |
| 3 | Industrials | 12.76% |
| 4 | Healthcare | 11.61% |
| 5 | Consumer Discretionary | 11.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1376
Calix
CALX
$2.26B
| $40.8M | 0.02% |
2,735,207
-18,945
| -0.7% | -$218K |
|
1377
Sun Life Financial
SLF
$46B
| $40.7M | 0.02% |
1,106,510
-80,501
| -7% | -$2.77M |
|
|
BPFH
1378
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $40.6M | 0.02% |
5,902,349
+222,215
| +4% | +$1.55M |
|
1379
NCR Voyix
VYX
$1.14B
| $40.5M | 0.02% |
3,813,959
+210,477
| +6% | +$2.41M |
|
1380
MarineMax
HZO
$759M
| $40.5M | 0.02% |
1,810,259
-72,780
| -4% | -$1.2M |
|
|
CVGW
1381
DELISTED
Calavo Growers
CVGW
| $40.5M | 0.02% |
643,783
-7,076
| -1% | -$424K |
|
1382
Lamb Weston
LW
$7.22B
| $40.4M | 0.02% |
631,341
+14,870
| +2% | +$898K |
|
1383
Insperity
NSP
$1.93B
| $40.2M | 0.02% |
621,809
+11,552
| +2% | +$578K |
|
|
CATM
1384
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $40.2M | 0.02% |
1,677,734
-31,979
| -2% | -$716K |
|
1385
MillerKnoll
MLKN
$1.53B
| $40.2M | 0.02% |
1,700,995
-48,160
| -3% | -$1.09M |
|
1386
NMI Holdings
NMIH
$3.37B
| $40.2M | 0.02% |
2,497,089
-80,670
| -3% | -$1.15M |
|
|
SPLK
1387
DELISTED
Splunk Inc
SPLK
| $40.1M | 0.02% |
201,845
+8,493
| +4% | +$1.34M |
|
|
VGR
1388
DELISTED
Vector Group Ltd.
VGR
| $40.1M | 0.02% |
5,614,282
-91,499
| -2% | -$699K |
|
1389
Huazhu Hotels Group
HTHT
$13.1B
| $40M | 0.02% |
1,139,425
-21,665
| -2% | -$720K |
|
|
RDUS
1390
DELISTED
Radius Recycling
RDUS
| $39.9M | 0.02% |
2,262,793
+47,831
| +2% | +$739K |
|
|
SGEN
1391
DELISTED
Seagen Inc. Common Stock
SGEN
| $39.9M | 0.02% |
234,708
-4,808
| -2% | -$717K |
|
|
ATRI
1392
DELISTED
Atrion Corp
ATRI
| $39.8M | 0.02% |
62,550
-270
| -0.4% | -$177K |
|
1393
NewMarket
NEU
$7.82B
| $39.8M | 0.02% |
99,356
+5,752
| +6% | +$2.37M |
|
1394
Elanco Animal Health
ELAN
$13.2B
| $39.7M | 0.02% |
1,852,463
+308,053
| +20% | +$6.8M |
|
1395
WEX
WEX
$6.37B
| $39.7M | 0.02% |
240,541
+14,388
| +6% | +$1.97M |
|
1396
Houlihan Lokey
HLI
$8.77B
| $39.6M | 0.02% |
712,307
+32,570
| +5% | +$1.9M |
|
1397
Cboe Global Markets
CBOE
$32.5B
| $39.6M | 0.02% |
424,515
+13,794
| +3% | +$1.36M |
|
1398
City Holding Co
CHCO
$2.05B
| $39.6M | 0.02% |
607,592
-30,407
| -5% | -$1.93M |
|
1399
Argan
AGX
$8B
| $39.6M | 0.02% |
834,838
-102,679
| -11% | -$3.92M |
|
1400
MaxLinear
MXL
$6.06B
| $39.5M | 0.02% |
1,839,316
-16,027
| -0.9% | -$276K |
|
Similar funds
Dimensional Fund Advisors's Q2 2020 Portfolio in Review
As of Q2 2020, Dimensional Fund Advisors held 3,428 positions worth $228B, up 19% from $192B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q2 2020: portfolio turnover was 4.2%. Dimensional Fund Advisors opened 54 new positions and exited 89, leaving the 3,428-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 16% a quarter earlier, followed by Financials and Industrials.
- Dimensional Fund Advisors's largest Q2 2020 buy was Otis Worldwide: 2,746,401 shares worth $156M.
- Dimensional Fund Advisors added most to AbbVie in Q2 2020, an estimated $214M increase.
- Dimensional Fund Advisors's biggest Q2 2020 reduction was Apple, cutting an estimated $324M.
- Dimensional Fund Advisors fully exited Allergan plc in Q2 2020, selling an estimated $259M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $228B portfolio in Q2 2020.
- Dimensional Fund Advisors opened 54 new positions and closed 89 in Q2 2020.
- Dimensional Fund Advisors's portfolio value rose 19% quarter-over-quarter to $228B.
Based on Dimensional Fund Advisors's 13F filing for Q2 2020, filed 13 Aug 2020.