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 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$221M |
| 2 |
WillScot Mobile Mini Holdings
WSC
|
+$137M |
| 3 |
First Horizon
FHN
|
+$120M |
| 4 |
Alibaba
BABA
|
+$116M |
| 5 |
Brookfield Renewable
BEPC
|
+$85.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$732M |
| 2 |
TECD
Tech Data Corp
TECD
|
+$350M |
| 3 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$242M |
| 4 |
Pfizer
PFE
|
+$211M |
| 5 |
LM
Legg Mason, Inc.
LM
|
+$177M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.28% |
| 2 | Financials | 15.39% |
| 3 | Industrials | 13.31% |
| 4 | Consumer Discretionary | 12.36% |
| 5 | Healthcare | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WBA
126
DELISTED
Walgreens Boots Alliance
WBA
| $273M | 0.12% |
7,589,886
+430,437
| +6% | +$16.8M |
|
127
Trane Technologies
TT
$97.3B
| $271M | 0.11% |
2,234,796
-17,260
| -0.8% | -$1.94M |
|
128
Gold Fields
GFI
$30B
| $271M | 0.11% |
22,012,526
-8,492,507
| -28% | -$104M |
|
129
Capital One
COF
$129B
| $268M | 0.11% |
3,732,488
-304,476
| -8% | -$20.4M |
|
|
BNY
130
Bank of New York Mellon
BNY
$106B
| $267M | 0.11% |
7,773,001
+588,897
| +8% | +$21.4M |
|
131
Whirlpool
WHR
$2.47B
| $265M | 0.11% |
1,443,320
-96,046
| -6% | -$16M |
|
132
Ford
F
$59.3B
| $265M | 0.11% |
39,795,805
-956,234
| -2% | -$6.48M |
|
133
AutoNation
AN
$7.18B
| $264M | 0.11% |
4,983,439
-206,599
| -4% | -$10.8M |
|
134
Labcorp
LH
$25.9B
| $261M | 0.11% |
1,615,300
-24,853
| -2% | -$3.94M |
|
135
Starbucks
SBUX
$121B
| $260M | 0.11% |
3,030,769
-22,845
| -0.7% | -$1.82M |
|
136
NextEra Energy
NEE
$183B
| $259M | 0.11% |
3,736,152
-11,968
| -0.3% | -$826K |
|
|
BLD
137
DELISTED
TopBuild
BLD
| $258M | 0.11% |
1,513,167
-136,376
| -8% | -$19.6M |
|
138
XPO
XPO
$23.4B
| $257M | 0.11% |
8,789,170
-41,396
| -0.5% | -$1.19M |
|
139
HP
HPQ
$24.6B
| $256M | 0.11% |
13,494,761
-18,604
| -0.1% | -$339K |
|
140
TE Connectivity
TEL
$59.9B
| $252M | 0.11% |
2,579,706
-49,055
| -2% | -$4.51M |
|
|
CHL
141
DELISTED
China Mobile Limited
CHL
| $252M | 0.11% |
7,830,970
-120,765
| -2% | -$4.24M |
|
142
Dow Inc
DOW
$21.7B
| $251M | 0.11% |
5,326,779
+149,169
| +3% | +$6.7M |
|
143
Regal Rexnord
RRX
$13.5B
| $250M | 0.11% |
2,658,239
-173,456
| -6% | -$16.4M |
|
144
Allstate
ALL
$68.3B
| $248M | 0.11% |
2,632,506
+129,100
| +5% | +$12M |
|
145
Reliance Steel & Aluminium
RS
$20.5B
| $246M | 0.1% |
2,406,486
-72,236
| -3% | -$7.35M |
|
146
Invitation Homes
INVH
$17.6B
| $245M | 0.1% |
8,760,797
+713,128
| +9% | +$20.3M |
|
147
Automatic Data Processing
ADP
$105B
| $245M | 0.1% |
1,757,867
+107,133
| +6% | +$15M |
|
148
Intuit
INTU
$86.3B
| $245M | 0.1% |
751,390
-46,901
| -6% | -$14.7M |
|
|
DRE
149
DELISTED
Duke Realty Corp.
DRE
| $243M | 0.1% |
6,590,460
+975,963
| +17% | +$36.8M |
|
150
Centene
CNC
$30.1B
| $243M | 0.1% |
4,159,554
+2,934
| +0.1% | +$182K |
|
Similar funds
Dimensional Fund Advisors's Q3 2020 Portfolio in Review
As of Q3 2020, Dimensional Fund Advisors held 3,412 positions worth $236B, up 3.6% from $228B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 4.5%. Dimensional Fund Advisors opened 74 new positions and exited 81, leaving the 3,412-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 16% a quarter earlier, followed by Financials and Industrials.
- Dimensional Fund Advisors's largest Q3 2020 buy was WillScot Mobile Mini Holdings: 8,572,662 shares worth $143M.
- Dimensional Fund Advisors added most to Royal Dutch Shell PLC ADS Class B in Q3 2020, an estimated $221M increase.
- Dimensional Fund Advisors's biggest Q3 2020 reduction was Apple, cutting an estimated $732M.
- Dimensional Fund Advisors fully exited Tech Data Corp in Q3 2020, selling an estimated $350M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $236B portfolio in Q3 2020.
- Dimensional Fund Advisors opened 74 new positions and closed 81 in Q3 2020.
- Dimensional Fund Advisors's portfolio value rose 3.6% quarter-over-quarter to $236B.
Based on Dimensional Fund Advisors's 13F filing for Q3 2020, filed 12 Nov 2020.