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 |
Concentrix
CNXC
|
+$196M |
| 2 |
Tesla
TSLA
|
+$162M |
| 3 |
PROG Holdings
PRG
|
+$150M |
| 4 |
Morgan Stanley
MS
|
+$120M |
| 5 |
Unilever
UL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$284M |
| 2 |
Comcast
CMCSA
|
+$222M |
| 3 |
ExxonMobil
XOM
|
+$166M |
| 4 |
AAN.A
The Aaron's Company Inc Class A
AAN.A
|
+$165M |
| 5 |
TD Synnex
SNX
|
+$160M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.83% |
| 2 | Technology | 16.31% |
| 3 | Industrials | 13.47% |
| 4 | Consumer Discretionary | 12.13% |
| 5 | Healthcare | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1376
WEX
WEX
$6.42B
| $49.7M | 0.02% |
244,423
+1,396
| +0.6% | +$235K |
|
1377
Dorian LPG
LPG
$1.96B
| $49.6M | 0.02% |
4,071,402
-90,429
| -2% | -$895K |
|
1378
Howard Hughes
HHH
$3.94B
| $49.6M | 0.02% |
659,285
+160,022
| +32% | +$10.7M |
|
1379
National Healthcare
NHC
$3.57B
| $49.6M | 0.02% |
746,457
-572
| -0.1% | -$37.7K |
|
|
MTSC
1380
DELISTED
MTS Systems Corp
MTSC
| $49.5M | 0.02% |
850,755
+14,881
| +2% | +$538K |
|
|
FOE
1381
DELISTED
Ferro Corporation
FOE
| $49.4M | 0.02% |
3,374,943
-200,588
| -6% | -$2.78M |
|
1382
Brookdale Senior Living
BKD
$3.55B
| $49.3M | 0.02% |
11,139,526
-455,788
| -4% | -$1.68M |
|
1383
British American Tobacco
BTI
$136B
| $49.3M | 0.02% |
1,315,933
-13,168
| -1% | -$471K |
|
1384
LivaNova
LIVN
$4.47B
| $49.3M | 0.02% |
744,209
+1,941
| +0.3% | +$108K |
|
1385
US Physical Therapy
USPH
$1.22B
| $49.2M | 0.02% |
409,014
-30,093
| -7% | -$3.04M |
|
1386
Cal-Maine
CALM
$4.43B
| $49.2M | 0.02% |
1,309,608
-26,573
| -2% | -$1.02M |
|
|
CSW
1387
CSW Industrials
CSW
$4.44B
| $49.1M | 0.02% |
438,685
-2,507
| -0.6% | -$250K |
|
1388
Lakeland Financial Corp
LKFN
$1.57B
| $49.1M | 0.02% |
915,692
-54,949
| -6% | -$2.79M |
|
1389
Live Nation Entertainment
LYV
$42.9B
| $49M | 0.02% |
667,262
-139,667
| -17% | -$8.82M |
|
1390
Wynn Resorts
WYNN
$10.3B
| $49M | 0.02% |
434,231
-75,974
| -15% | -$7.01M |
|
1391
Otter Tail
OTTR
$3.81B
| $49M | 0.02% |
1,149,852
-17,356
| -1% | -$707K |
|
1392
Standex International
SXI
$3.33B
| $49M | 0.02% |
631,855
-6,871
| -1% | -$490K |
|
1393
Houlihan Lokey
HLI
$9.72B
| $49M | 0.02% |
728,314
+1,658
| +0.2% | +$107K |
|
1394
Moelis & Co
MC
$4.85B
| $48.9M | 0.02% |
1,046,396
-35,244
| -3% | -$1.42M |
|
|
CHU
1395
DELISTED
China Unicom (HONG KONG) Limited
CHU
| $48.8M | 0.02% |
8,589,983
-315,927
| -4% | -$2M |
|
1396
Supernus Pharmaceuticals
SUPN
$2.7B
| $48.7M | 0.02% |
1,934,863
-29,972
| -2% | -$645K |
|
1397
TriCo Bancshares
TCBK
$1.85B
| $48.6M | 0.02% |
1,377,037
-40,662
| -3% | -$1.28M |
|
1398
Tyler Technologies
TYL
$13.7B
| $48.5M | 0.02% |
111,143
+3,070
| +3% | +$1.27M |
|
1399
Insperity
NSP
$2.03B
| $48.5M | 0.02% |
595,446
+623
| +0.1% | +$51.2K |
|
1400
Cars.com
CARS
$722M
| $48.4M | 0.02% |
4,284,707
-304,857
| -7% | -$3.06M |
|
Similar funds
Dimensional Fund Advisors's Q4 2020 Portfolio in Review
As of Q4 2020, Dimensional Fund Advisors held 3,414 positions worth $277B, up 17% from $236B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Trading was light in Q4 2020: portfolio turnover was 4.5%. Dimensional Fund Advisors opened 81 new positions and exited 72, leaving the 3,414-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
- Dimensional Fund Advisors's largest Q4 2020 buy was Concentrix: 1,965,264 shares worth $194M.
- Dimensional Fund Advisors added most to Tesla in Q4 2020, an estimated $162M increase.
- Dimensional Fund Advisors's biggest Q4 2020 reduction was Apple, cutting an estimated $284M.
- Dimensional Fund Advisors fully exited The Aaron's Company Inc Class A in Q4 2020, selling an estimated $165M.
- Dimensional Fund Advisors's ten largest holdings make up 11% of its $277B portfolio in Q4 2020.
- Dimensional Fund Advisors opened 81 new positions and closed 72 in Q4 2020.
- Dimensional Fund Advisors's portfolio value rose 17% quarter-over-quarter to $277B.
Based on Dimensional Fund Advisors's 13F filing for Q4 2020, filed 11 Feb 2021.