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 | |
|---|---|---|---|---|---|---|
126
Stanley Black & Decker
SWK
$13.4B
| $295M | 0.11% |
1,781,966
-219,601
| -11% | -$34M |
|
127
Reliance Steel & Aluminium
RS
$19.6B
| $294M | 0.11% |
2,456,627
-24,228
| -1% | -$2.74M |
|
128
TD Synnex
SNX
$20.9B
| $294M | 0.11% |
4,561,788
-384,846
| -8% | -$23.2M |
|
129
Adobe
ADBE
$106B
| $293M | 0.11% |
887,623
+8,402
| +1% | +$2.47M |
|
130
NVIDIA
NVDA
$5.09T
| $291M | 0.11% |
49,477,920
-3,654,240
| -7% | -$19M |
|
131
FTI Consulting
FCN
$4.17B
| $288M | 0.11% |
2,605,914
-130,505
| -5% | -$14.3M |
|
132
Trane Technologies
TT
$93.7B
| $288M | 0.11% |
2,168,830
-49,969
| -2% | -$6.33M |
|
133
Starbucks
SBUX
$113B
| $288M | 0.11% |
3,275,983
-125,681
| -4% | -$10.7M |
|
134
Pultegroup
PHM
$22.7B
| $286M | 0.1% |
7,379,546
-330,026
| -4% | -$12.8M |
|
135
Aflac
AFL
$58.7B
| $284M | 0.1% |
5,374,585
-113,471
| -2% | -$6.02M |
|
|
AGN
136
DELISTED
Allergan plc
AGN
| $283M | 0.1% |
1,479,423
-5,911
| -0.4% | -$1.07M |
|
137
Alexandria Real Estate Equities
ARE
$8.94B
| $282M | 0.1% |
1,747,303
+24,244
| +1% | +$3.82M |
|
138
Lam Research
LRCX
$342B
| $281M | 0.1% |
9,627,100
-106,240
| -1% | -$2.82M |
|
139
Hewlett Packard
HPE
$73.6B
| $280M | 0.1% |
17,667,079
+4,581
| +0% | +$73.2K |
|
140
Nucor
NUE
$57.8B
| $280M | 0.1% |
4,972,230
+7,429
| +0.1% | +$405K |
|
141
Kroger
KR
$36.3B
| $279M | 0.1% |
9,625,969
+310,548
| +3% | +$8.23M |
|
142
Southwest Airlines
LUV
$19.3B
| $279M | 0.1% |
5,168,663
-147
| -0% | -$8.15K |
|
143
US Bancorp
USB
$97.7B
| $279M | 0.1% |
4,702,423
-115,559
| -2% | -$6.68M |
|
144
Cummins
CMI
$74.5B
| $276M | 0.1% |
1,544,334
+10,829
| +0.7% | +$1.91M |
|
145
Skywest
SKYW
$3.77B
| $276M | 0.1% |
4,272,488
-35,395
| -0.8% | -$2.16M |
|
146
United Parcel Service
UPS
$87.2B
| $274M | 0.1% |
2,342,225
+89,633
| +4% | +$10.6M |
|
147
PACCAR
PCAR
$64.7B
| $273M | 0.1% |
5,171,195
-4,930
| -0.1% | -$254K |
|
148
Kinder Morgan
KMI
$68.9B
| $269M | 0.1% |
12,706,295
-959,214
| -7% | -$19.4M |
|
|
CHL
149
DELISTED
China Mobile Limited
CHL
| $268M | 0.1% |
6,345,560
+904,444
| +17% | +$36.5M |
|
150
Allstate
ALL
$65.4B
| $268M | 0.1% |
2,381,810
-86,297
| -3% | -$9.42M |
|
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.