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 |
Alibaba
BABA
|
+$179M |
| 2 |
Prologis
PLD
|
+$125M |
| 3 |
Visa
V
|
+$98.1M |
| 4 |
Walt Disney
DIS
|
+$85.8M |
| 5 |
Halliburton
HAL
|
+$69.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$322M |
| 2 |
AT&T
T
|
+$257M |
| 3 |
ExxonMobil
XOM
|
+$239M |
| 4 |
JPMorgan Chase
JPM
|
+$239M |
| 5 |
AYR
Aircastle Ltd
AYR
|
+$206M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.39% |
| 2 | Technology | 15.83% |
| 3 | Industrials | 12.66% |
| 4 | Healthcare | 11.95% |
| 5 | Consumer Discretionary | 9.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GBT
1601
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $24.7M | 0.01% |
482,863
-7,629
| -2% | -$511K |
|
1602
Flowserve
FLS
$9.63B
| $24.6M | 0.01% |
1,030,720
+39,649
| +4% | +$1.6M |
|
1603
Omega Flex
OFLX
$292M
| $24.6M | 0.01% |
291,171
-1,291
| -0.4% | -$117K |
|
|
SP
1604
DELISTED
SP Plus Corporation
SP
| $24.5M | 0.01% |
1,182,870
-400
| -0% | -$14.6K |
|
1605
Jack in the Box
JACK
$312M
| $24.5M | 0.01% |
700,031
-37,914
| -5% | -$2.58M |
|
|
GRUB
1606
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $24.5M | 0.01% |
300,918
+61,184
| +26% | +$6.01M |
|
1607
Cheesecake Factory
CAKE
$5.03B
| $24.4M | 0.01% |
1,430,036
-52,621
| -4% | -$1.77M |
|
1608
Financial Institutions
FISI
$812M
| $24.4M | 0.01% |
1,345,383
+7,482
| +0.6% | +$201K |
|
|
SPLK
1609
DELISTED
Splunk Inc
SPLK
| $24.4M | 0.01% |
193,352
+16,121
| +9% | +$2.37M |
|
|
SHOE
1610
Shoe Station Group
SHOE
$420M
| $24.4M | 0.01% |
2,346,270
-100,962
| -4% | -$1.59M |
|
|
CNSL
1611
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $24.3M | 0.01% |
5,346,158
+326,644
| +7% | +$1.66M |
|
|
LGF.A
1612
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $24.2M | 0.01% |
3,987,351
+297,859
| +8% | +$2.66M |
|
1613
AMC Global Media
AMCX
$427M
| $24.2M | 0.01% |
996,622
+46,954
| +5% | +$1.59M |
|
|
JWN
1614
DELISTED
Nordstrom
JWN
| $24.2M | 0.01% |
1,577,534
+192,194
| +14% | +$6.41M |
|
1615
Tronox
TROX
$999M
| $24.2M | 0.01% |
4,852,002
+351,990
| +8% | +$2.92M |
|
1616
Ducommun
DCO
$2.77B
| $24.2M | 0.01% |
972,336
+8,753
| +0.9% | +$337K |
|
1617
Herc Holdings
HRI
$4.88B
| $24.2M | 0.01% |
1,180,840
+4,553
| +0.4% | +$166K |
|
|
TPC
1618
Tutor Perini Cor
TPC
$4.38B
| $24.1M | 0.01% |
3,593,159
-204,925
| -5% | -$2.19M |
|
1619
Vicor
VICR
$9.42B
| $24.1M | 0.01% |
540,146
-144
| -0% | -$6.83K |
|
1620
Xencor
XNCR
$1.59B
| $24.1M | 0.01% |
805,009
+28,861
| +4% | +$956K |
|
1621
HEICO Corp Class A
HEI.A
$35.8B
| $24M | 0.01% |
375,490
-76,291
| -17% | -$6.82M |
|
|
KBAL
1622
DELISTED
Kimball International
KBAL
| $24M | 0.01% |
2,012,904
-73,681
| -4% | -$1.23M |
|
1623
Costamare
CMRE
$1.87B
| $23.9M | 0.01% |
5,298,928
+382,474
| +8% | +$2.74M |
|
1624
Yelp
YELP
$1.44B
| $23.9M | 0.01% |
1,328,176
+61,789
| +5% | +$1.88M |
|
1625
UGI
UGI
$7.76B
| $23.9M | 0.01% |
897,080
+59,295
| +7% | +$2.25M |
|
Similar funds
Dimensional Fund Advisors's Q1 2020 Portfolio in Review
As of Q1 2020, Dimensional Fund Advisors held 3,447 positions worth $192B, down 30% from $274B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q1 2020: portfolio turnover was 4.1%. Dimensional Fund Advisors opened 68 new positions and exited 73, leaving the 3,447-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 19% a quarter earlier, followed by Technology and Industrials.
- Dimensional Fund Advisors's largest Q1 2020 buy was Natura &Co Holding S.A. American Depositary Shares (each representing two Common Shares): 2,843,834 shares worth $28M.
- Dimensional Fund Advisors added most to Alibaba in Q1 2020, an estimated $179M increase.
- Dimensional Fund Advisors's biggest Q1 2020 reduction was Intel, cutting an estimated $322M.
- Dimensional Fund Advisors fully exited Aircastle Ltd in Q1 2020, selling an estimated $206M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $192B portfolio in Q1 2020.
- Dimensional Fund Advisors opened 68 new positions and closed 73 in Q1 2020.
- Dimensional Fund Advisors's portfolio value fell 30% quarter-over-quarter to $192B.
Based on Dimensional Fund Advisors's 13F filing for Q1 2020, filed 14 May 2020.