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 | |
|---|---|---|---|---|---|---|
1701
Guidewire Software
GWRE
$12.8B
| $21.4M | 0.01% |
269,926
-11,301
| -4% | -$1.18M |
|
|
ATCO
1702
DELISTED
Atlas Corp.
ATCO
| $21.4M | 0.01% |
2,777,188
+272,144
| +11% | +$3M |
|
|
HAYN
1703
DELISTED
Haynes International, Inc.
HAYN
| $21.3M | 0.01% |
1,035,530
-11,461
| -1% | -$301K |
|
1704
Liberty Latin America Class A
LILA
$1.63B
| $21.3M | 0.01% |
3,164,011
+115,081
| +4% | +$1.16M |
|
1705
Lifecore Biomedical
LFCR
$164M
| $21.3M | 0.01% |
2,448,711
+17,178
| +0.7% | +$179K |
|
1706
Ichor Holdings
ICHR
$2.61B
| $21.2M | 0.01% |
1,108,755
-80,368
| -7% | -$2.43M |
|
1707
Forrester Research
FORR
$189M
| $21.2M | 0.01% |
726,335
-18,299
| -2% | -$696K |
|
1708
Empire State Realty Trust
ESRT
$862M
| $21.2M | 0.01% |
2,365,069
-23,773
| -1% | -$291K |
|
1709
Rush Enterprises Class B
RUSHB
$6.07B
| $21.2M | 0.01% |
1,561,916
+3,847
| +0.2% | +$68.8K |
|
|
KRA
1710
DELISTED
Kraton Corporation
KRA
| $21.1M | 0.01% |
2,608,835
-56,115
| -2% | -$836K |
|
1711
Signet Jewelers
SIG
$3.72B
| $21.1M | 0.01% |
3,271,084
+266,095
| +9% | +$5.45M |
|
1712
FRP Holdings
FRPH
$433M
| $21.1M | 0.01% |
980,122
+8,196
| +0.8% | +$191K |
|
|
OPI
1713
DELISTED
Office Properties Income Trust
OPI
| $21M | 0.01% |
772,496
+15,222
| +2% | +$470K |
|
1714
Cognex
CGNX
$10.4B
| $21M | 0.01% |
496,810
-253,601
| -34% | -$12.7M |
|
|
FFWM
1715
DELISTED
First Foundation Inc
FFWM
| $21M | 0.01% |
2,050,062
+40,891
| +2% | +$604K |
|
1716
Karyopharm Therapeutics
KPTI
$159M
| $20.9M | 0.01% |
72,607
-6,009
| -8% | -$1.66M |
|
|
NVEE
1717
DELISTED
NV5 Global
NVEE
| $20.9M | 0.01% |
2,023,692
-61,828
| -3% | -$826K |
|
1718
RLJ Lodging Trust
RLJ
$1.87B
| $20.9M | 0.01% |
2,705,246
-95,551
| -3% | -$1.28M |
|
1719
Simulations Plus
SLP
$370M
| $20.8M | 0.01% |
595,901
-24,901
| -4% | -$831K |
|
1720
Sanofi
SNY
$103B
| $20.8M | 0.01% |
475,389
| – | – |
|
1721
Evolent Health
EVH
$358M
| $20.7M | 0.01% |
3,814,741
+57,105
| +2% | +$510K |
|
|
WCN
1722
Waste Connections
WCN
$41.9B
| $20.7M | 0.01% |
267,263
+24,544
| +10% | +$2.31M |
|
|
CAI
1723
DELISTED
CAI International, Inc.
CAI
| $20.7M | 0.01% |
1,463,806
-212
| -0% | -$5.1K |
|
|
JOBS
1724
DELISTED
51job Inc
JOBS
| $20.7M | 0.01% |
337,262
+29,323
| +10% | +$2.23M |
|
1725
Universal Display
OLED
$3.76B
| $20.7M | 0.01% |
156,923
-29,584
| -16% | -$5.09M |
|
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.