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 | |
|---|---|---|---|---|---|---|
1776
Moelis & Co
MC
$4.41B
| $32M | 0.01% |
1,002,610
+59,853
| +6% | +$1.96M |
|
|
HTBK
1777
DELISTED
Heritage Commerce
HTBK
| $31.9M | 0.01% |
2,489,561
+124,473
| +5% | +$1.52M |
|
1778
Lindsay Corp
LNN
$1.19B
| $31.9M | 0.01% |
332,746
-1,334
| -0.4% | -$122K |
|
1779
Inogen
INGN
$136M
| $31.9M | 0.01% |
467,109
+53,224
| +13% | +$3.34M |
|
1780
HEICO Corp
HEI
$41.4B
| $31.9M | 0.01% |
279,100
-15,854
| -5% | -$1.95M |
|
1781
HCI Group
HCI
$2.34B
| $31.9M | 0.01% |
697,884
-29,003
| -4% | -$1.28M |
|
1782
Houlihan Lokey
HLI
$9.27B
| $31.7M | 0.01% |
647,763
+10,499
| +2% | +$495K |
|
|
VISN
1783
Vistance Networks Inc
VISN
$1.49B
| $31.7M | 0.01% |
2,231,058
-295,272
| -12% | -$3.83M |
|
1784
Rush Enterprises Class B
RUSHB
$6.65B
| $31.6M | 0.01% |
2,337,103
-17,793
| -0.8% | -$230K |
|
1785
BioMarin Pharmaceuticals
BMRN
$12.6B
| $31.6M | 0.01% |
374,226
+21,728
| +6% | +$1.64M |
|
|
AY
1786
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $31.5M | 0.01% |
1,193,608
-23,203
| -2% | -$580K |
|
1787
Cass Information Systems
CASS
$710M
| $31.4M | 0.01% |
544,188
-3,759
| -0.7% | -$210K |
|
1788
ZTO Express
ZTO
$15.7B
| $31.4M | 0.01% |
1,345,468
+639,908
| +91% | +$13.8M |
|
1789
Omega Flex
OFLX
$261M
| $31.4M | 0.01% |
292,462
-2,867
| -1% | -$280K |
|
|
HCCI
1790
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $31.2M | 0.01% |
995,161
-6,786
| -0.7% | -$194K |
|
|
MNTA
1791
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $31.2M | 0.01% |
1,581,812
-19,552
| -1% | -$313K |
|
1792
Tyler Technologies
TYL
$14B
| $31.2M | 0.01% |
103,914
-5,536
| -5% | -$1.54M |
|
1793
AppFolio
APPF
$7.78B
| $31.1M | 0.01% |
283,183
-3,413
| -1% | -$348K |
|
1794
Forrester Research
FORR
$214M
| $31.1M | 0.01% |
744,634
-21,139
| -3% | -$788K |
|
1795
Park-Ohio Holdings
PKOH
$669M
| $31M | 0.01% |
922,220
-185
| -0% | -$5.83K |
|
1796
NatWest
NWG
$75.2B
| $31M | 0.01% |
4,471,041
-75,755
| -2% | -$474K |
|
1797
Global Industrial
GIC
$1.54B
| $31M | 0.01% |
1,231,682
-17,275
| -1% | -$403K |
|
1798
Blackstone
BX
$94.1B
| $31M | 0.01% |
553,754
+140,824
| +34% | +$7.31M |
|
1799
Enel Chile
ENIC
$5.98B
| $31M | 0.01% |
6,519,717
-475,322
| -7% | -$2.05M |
|
|
PDLI
1800
DELISTED
PDL BioPharma, Inc.
PDLI
| $30.9M | 0.01% |
9,530,949
-681,283
| -7% | -$1.98M |
|
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.