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 |
Concentrix
CNXC
|
+$196M |
| 2 |
Tesla
TSLA
|
+$162M |
| 3 |
PROG Holdings
PRG
|
+$150M |
| 4 |
Morgan Stanley
MS
|
+$120M |
| 5 |
Unilever
UL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$284M |
| 2 |
Comcast
CMCSA
|
+$222M |
| 3 |
ExxonMobil
XOM
|
+$166M |
| 4 |
AAN.A
The Aaron's Company Inc Class A
AAN.A
|
+$165M |
| 5 |
TD Synnex
SNX
|
+$160M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.83% |
| 2 | Technology | 16.31% |
| 3 | Industrials | 13.47% |
| 4 | Consumer Discretionary | 12.13% |
| 5 | Healthcare | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
BP
BP
$109B
| $281M | 0.1% |
13,682,470
-51,592
| -0.4% | -$972K |
|
152
Hartford Financial Services
HIG
$38.4B
| $279M | 0.1% |
5,688,711
+55,652
| +1% | +$2.4M |
|
|
DRE
153
DELISTED
Duke Realty Corp.
DRE
| $277M | 0.1% |
6,920,245
+329,785
| +5% | +$12.9M |
|
154
Global Payments
GPN
$23B
| $276M | 0.1% |
1,283,130
+20,639
| +2% | +$3.85M |
|
155
ON Semiconductor
ON
$34.7B
| $275M | 0.1% |
8,399,043
-261,739
| -3% | -$7.3M |
|
156
McKesson
MCK
$99.5B
| $274M | 0.1% |
1,576,399
+64,900
| +4% | +$10.8M |
|
157
Parker-Hannifin
PH
$124B
| $273M | 0.1% |
1,003,624
+18,244
| +2% | +$4.52M |
|
158
Biogen
BIIB
$29.5B
| $273M | 0.1% |
1,116,551
+38,870
| +4% | +$10M |
|
159
Reliance Steel & Aluminium
RS
$20.6B
| $271M | 0.1% |
2,266,813
-139,673
| -6% | -$16.1M |
|
160
Pultegroup
PHM
$24.9B
| $270M | 0.1% |
6,250,558
+31,686
| +0.5% | +$1.4M |
|
161
Arrow Electronics
ARW
$10.9B
| $269M | 0.1% |
2,763,693
-87,128
| -3% | -$7.71M |
|
162
First Horizon
FHN
$12.1B
| $267M | 0.1% |
20,959,099
-267,601
| -1% | -$3.13M |
|
|
FITB
163
Fifth Third Bancorp
FITB
$51.7B
| $267M | 0.1% |
9,684,007
+36,970
| +0.4% | +$933K |
|
164
Analog Devices
ADI
$181B
| $266M | 0.1% |
1,800,386
+17,456
| +1% | +$2.32M |
|
165
Invitation Homes
INVH
$17.6B
| $266M | 0.1% |
8,941,377
+180,580
| +2% | +$5.2M |
|
166
United Rentals
URI
$70.2B
| $265M | 0.1% |
1,142,151
+1,957
| +0.2% | +$413K |
|
167
Ventas
VTR
$48.7B
| $264M | 0.1% |
5,385,489
-80,485
| -1% | -$3.72M |
|
168
Novartis
NVS
$297B
| $264M | 0.1% |
2,796,311
+64,713
| +2% | +$5.65M |
|
|
KSU
169
DELISTED
Kansas City Southern
KSU
| $263M | 0.09% |
1,287,125
+9,482
| +0.7% | +$1.78M |
|
170
US Bancorp
USB
$98.9B
| $262M | 0.09% |
5,634,345
+66,319
| +1% | +$2.81M |
|
171
Blackrock
BLK
$165B
| $262M | 0.09% |
362,781
+21,484
| +6% | +$14.2M |
|
172
Marriott Vacations Worldwide
VAC
$3.4B
| $262M | 0.09% |
1,906,793
-125,085
| -6% | -$14.7M |
|
173
Nucor
NUE
$56.4B
| $261M | 0.09% |
4,913,040
-88,427
| -2% | -$4.57M |
|
174
Best Buy
BBY
$18.6B
| $261M | 0.09% |
2,618,500
+81,871
| +3% | +$9.16M |
|
175
Boston Properties
BXP
$11B
| $259M | 0.09% |
2,741,913
+74,364
| +3% | +$6.64M |
|
Similar funds
Dimensional Fund Advisors's Q4 2020 Portfolio in Review
As of Q4 2020, Dimensional Fund Advisors held 3,414 positions worth $277B, up 17% from $236B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Trading was light in Q4 2020: portfolio turnover was 4.5%. Dimensional Fund Advisors opened 81 new positions and exited 72, leaving the 3,414-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
- Dimensional Fund Advisors's largest Q4 2020 buy was Concentrix: 1,965,264 shares worth $194M.
- Dimensional Fund Advisors added most to Tesla in Q4 2020, an estimated $162M increase.
- Dimensional Fund Advisors's biggest Q4 2020 reduction was Apple, cutting an estimated $284M.
- Dimensional Fund Advisors fully exited The Aaron's Company Inc Class A in Q4 2020, selling an estimated $165M.
- Dimensional Fund Advisors's ten largest holdings make up 11% of its $277B portfolio in Q4 2020.
- Dimensional Fund Advisors opened 81 new positions and closed 72 in Q4 2020.
- Dimensional Fund Advisors's portfolio value rose 17% quarter-over-quarter to $277B.
Based on Dimensional Fund Advisors's 13F filing for Q4 2020, filed 11 Feb 2021.