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 | |
|---|---|---|---|---|---|---|
|
HMHC
1601
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $41.2M | 0.02% |
6,598,350
+206,703
| +3% | +$1.21M |
|
|
VG
1602
DELISTED
Vonage Holdings Corporation
VG
| $41.2M | 0.02% |
5,560,054
-290,268
| -5% | -$2.51M |
|
1603
ICU Medical
ICUI
$3.82B
| $41.2M | 0.02% |
220,082
+24,595
| +13% | +$4.23M |
|
|
ADSW
1604
DELISTED
Advanced Disposal Services Inc
ADSW
| $41.1M | 0.02% |
1,249,068
-15,299
| -1% | -$502K |
|
|
GRA
1605
DELISTED
W.R. Grace & Co.
GRA
| $41M | 0.01% |
586,921
+90,800
| +18% | +$6.09M |
|
1606
Preferred Bank
PFBC
$1.25B
| $40.9M | 0.01% |
681,013
-8,983
| -1% | -$493K |
|
1607
Enbridge
ENB
$106B
| $40.9M | 0.01% |
1,028,547
+59,627
| +6% | +$2.23M |
|
1608
Varex Imaging
VREX
$781M
| $40.9M | 0.01% |
1,371,849
-9,741
| -0.7% | -$291K |
|
1609
MGIC Investment
MTG
$6.09B
| $40.9M | 0.01% |
2,883,943
-32,284
| -1% | -$448K |
|
|
LSXMA
1610
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $40.8M | 0.01% |
1,167,716
+8,147
| +0.7% | +$269K |
|
|
CXP
1611
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $40.7M | 0.01% |
1,947,718
+28,898
| +2% | +$593K |
|
1612
BJ's Restaurants
BJRI
$1.27B
| $40.7M | 0.01% |
1,071,338
-35,199
| -3% | -$1.35M |
|
1613
Orthofix Medical
OFIX
$352M
| $40.6M | 0.01% |
879,499
-14,698
| -2% | -$691K |
|
1614
Caesars Entertainment
CZR
$6.05B
| $40.6M | 0.01% |
680,544
-61,583
| -8% | -$3.05M |
|
1615
Envista
NVST
$3.81B
| $40.6M | 0.01% |
+1,368,881
| New | +$38.9M |
|
1616
Zillow
Z
$6.77B
| $40.6M | 0.01% |
882,930
-6,402
| -0.7% | -$238K |
|
|
PGTI
1617
DELISTED
PGT, Inc.
PGTI
| $40.6M | 0.01% |
2,720,192
-104,151
| -4% | -$1.66M |
|
1618
Fluor
FLR
$7.35B
| $40.5M | 0.01% |
2,146,677
-737,420
| -26% | -$13.4M |
|
|
NXGN
1619
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $40.5M | 0.01% |
2,518,055
-9,890
| -0.4% | -$163K |
|
1620
HEICO Corp Class A
HEI.A
$30.9B
| $40.5M | 0.01% |
451,781
-27,634
| -6% | -$2.63M |
|
1621
EPAM Systems
EPAM
$6.04B
| $40.4M | 0.01% |
190,531
-9,750
| -5% | -$1.92M |
|
1622
New Oriental
EDU
$8.84B
| $40.4M | 0.01% |
332,819
+37,922
| +13% | +$4.53M |
|
1623
SiriusXM
SIRI
$9.35B
| $40.3M | 0.01% |
564,198
+381
| +0.1% | +$25.7K |
|
1624
MaxLinear
MXL
$6.8B
| $40.3M | 0.01% |
1,900,464
-20,150
| -1% | -$418K |
|
1625
IMAX
IMAX
$2.84B
| $40.1M | 0.01% |
1,962,406
-14,016
| -0.7% | -$299K |
|
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.