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 | |
|---|---|---|---|---|---|---|
1651
Commault Systems
CVLT
$4.82B
| $23M | 0.01% |
567,438
+2,413
| +0.4% | +$104K |
|
1652
Insperity
NSP
$2.06B
| $22.8M | 0.01% |
610,257
-4,859
| -0.8% | -$345K |
|
1653
LeMaitre Vascular
LMAT
$2.34B
| $22.7M | 0.01% |
912,792
-72,214
| -7% | -$2.23M |
|
|
CVET
1654
DELISTED
Covetrus, Inc. Common Stock
CVET
| $22.7M | 0.01% |
2,789,199
+744,746
| +36% | +$8.51M |
|
1655
Avis
CAR
$5.37B
| $22.7M | 0.01% |
1,631,638
-30,610
| -2% | -$916K |
|
|
SPR
1656
DELISTED
Spirit AeroSystems
SPR
| $22.6M | 0.01% |
945,588
+52,974
| +6% | +$2.93M |
|
1657
Peapack-Gladstone Financial
PGC
$815M
| $22.6M | 0.01% |
1,259,080
-12,893
| -1% | -$341K |
|
1658
Shake Shack
SHAK
$2.54B
| $22.6M | 0.01% |
598,457
+14,791
| +3% | +$876K |
|
1659
Cinemark Holdings
CNK
$4.22B
| $22.5M | 0.01% |
2,212,093
+332,079
| +18% | +$8.52M |
|
1660
Ingevity
NGVT
$2.44B
| $22.5M | 0.01% |
639,168
-10,946
| -2% | -$639K |
|
|
PGTI
1661
DELISTED
PGT, Inc.
PGTI
| $22.5M | 0.01% |
2,681,103
-39,089
| -1% | -$555K |
|
1662
SiriusXM
SIRI
$10.4B
| $22.5M | 0.01% |
455,403
-108,795
| -19% | -$7.12M |
|
1663
Malibu Boats
MBUU
$550M
| $22.5M | 0.01% |
780,611
-29,140
| -4% | -$1.16M |
|
1664
Digi International
DGII
$2.57B
| $22.5M | 0.01% |
2,354,135
+21,147
| +0.9% | +$293K |
|
|
HAPN
1665
Happen Inc
HAPN
$2.23B
| $22.4M | 0.01% |
2,848,900
+48,126
| +2% | +$536K |
|
|
GRA
1666
DELISTED
W.R. Grace & Co.
GRA
| $22.3M | 0.01% |
626,330
+39,409
| +7% | +$2.25M |
|
|
VRE
1667
DELISTED
Veris Residential
VRE
| $22.3M | 0.01% |
1,464,263
+8,327
| +0.6% | +$170K |
|
1668
Tejon Ranch
TRC
$460M
| $22.3M | 0.01% |
1,585,736
+50,873
| +3% | +$782K |
|
1669
Regenxbio
RGNX
$648M
| $22.2M | 0.01% |
686,799
-3,317
| -0.5% | -$138K |
|
|
BBBY
1670
DELISTED
Bed Bath & Beyond Inc
BBBY
| $22.1M | 0.01% |
5,254,321
-1,803,771
| -26% | -$21M |
|
|
KNL
1671
DELISTED
Knoll, Inc.
KNL
| $22M | 0.01% |
2,136,291
-79,734
| -4% | -$1.59M |
|
1672
Teekay Tankers
TNK
$2.68B
| $22M | 0.01% |
990,511
+397,982
| +67% | +$7.28M |
|
1673
Weibo
WB
$1.99B
| $22M | 0.01% |
663,441
-67,447
| -9% | -$2.86M |
|
1674
Insulet
PODD
$11.5B
| $21.9M | 0.01% |
132,378
+8,776
| +7% | +$1.6M |
|
1675
Pegasystems
PEGA
$4.94B
| $21.9M | 0.01% |
615,496
-54,842
| -8% | -$2.3M |
|
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.