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 | |
|---|---|---|---|---|---|---|
1451
Flowserve
FLS
$9.37B
| $49.3M | 0.02% |
991,071
+10,377
| +1% | +$497K |
|
1452
American Vanguard Corp
AVD
$64.3M
| $49.3M | 0.02% |
2,531,317
-7,036
| -0.3% | -$111K |
|
1453
Gen Digital
GEN
$18.1B
| $49.3M | 0.02% |
1,930,317
+230,503
| +14% | +$5.63M |
|
1454
Heritage Financial
HFWA
$1.15B
| $49.2M | 0.02% |
1,738,614
+3,762
| +0.2% | +$104K |
|
1455
Arista Networks
ANET
$252B
| $49.2M | 0.02% |
3,870,256
+945,904
| +32% | +$12.4M |
|
1456
Green Plains
GPRE
$1.06B
| $49.1M | 0.02% |
3,182,925
-51,684
| -2% | -$703K |
|
|
RAVN
1457
DELISTED
Raven Industries Inc
RAVN
| $49.1M | 0.02% |
1,425,093
-29,278
| -2% | -$999K |
|
1458
Wyndham Hotels & Resorts
WH
$5.13B
| $49.1M | 0.02% |
781,479
-15,976
| -2% | -$888K |
|
1459
Quanex
NX
$940M
| $49.1M | 0.02% |
2,872,596
-29,119
| -1% | -$548K |
|
1460
Marcus & Millichap
MMI
$1.16B
| $49M | 0.02% |
1,315,882
-6,093
| -0.5% | -$219K |
|
1461
Deutsche Bank
DB
$73.3B
| $49M | 0.02% |
6,299,939
+27,520
| +0.4% | +$206K |
|
|
NAV
1462
DELISTED
Navistar International
NAV
| $49M | 0.02% |
1,691,951
-9,744
| -0.6% | -$300K |
|
1463
Ligand Pharmaceuticals
LGND
$5.68B
| $49M | 0.02% |
752,395
+122,187
| +19% | +$8.17M |
|
1464
Brinker International
EAT
$8.33B
| $48.9M | 0.02% |
1,164,783
-94,846
| -8% | -$4.09M |
|
|
TPC
1465
Tutor Perini Cor
TPC
$4.5B
| $48.8M | 0.02% |
3,798,084
-383,537
| -9% | -$5.91M |
|
1466
Universal Insurance Holdings
UVE
$1.24B
| $48.8M | 0.02% |
1,743,380
-35,480
| -2% | -$1.03M |
|
1467
Tompkins Financial
TMP
$1.41B
| $48.8M | 0.02% |
533,252
-25,750
| -5% | -$2.23M |
|
1468
Ducommun
DCO
$2.51B
| $48.7M | 0.02% |
963,583
+6,068
| +0.6% | +$279K |
|
1469
Hyster-Yale Materials Handling
HY
$596M
| $48.7M | 0.02% |
825,497
-25,105
| -3% | -$1.4M |
|
1470
Acushnet Holdings
GOLF
$4.77B
| $48.6M | 0.02% |
1,495,971
+65,959
| +5% | +$1.96M |
|
1471
Advanced Drainage Systems
WMS
$9.47B
| $48.5M | 0.02% |
1,249,781
-46,175
| -4% | -$1.71M |
|
|
UNVR
1472
DELISTED
Univar Solutions Inc.
UNVR
| $48.5M | 0.02% |
2,000,366
-55,697
| -3% | -$1.26M |
|
1473
Cullen/Frost Bankers
CFR
$9.92B
| $48.5M | 0.02% |
495,814
-5,913
| -1% | -$549K |
|
1474
NRC Health Common Stock
NRC
$462M
| $48.4M | 0.02% |
734,643
-5,071
| -0.7% | -$310K |
|
1475
Macerich
MAC
$6.39B
| $48.4M | 0.02% |
1,798,717
-33,235
| -2% | -$913K |
|
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.