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 | |
|---|---|---|---|---|---|---|
1926
VSE Corp
VSEC
$4.91B
| $24.9M | 0.01% |
655,256
+7,746
| +1% | +$288K |
|
1927
Grupo Aeroportuario del Pacifico
PAC
$11.9B
| $24.8M | 0.01% |
208,678
-11,360
| -5% | -$1.21M |
|
1928
Global Indemnity Group
GBLI
$403M
| $24.8M | 0.01% |
835,356
-11,067
| -1% | -$294K |
|
1929
Central Garden & Pet Co
CENT
$2.53B
| $24.7M | 0.01% |
993,568
+34,892
| +4% | +$830K |
|
1930
Cactus
WHD
$4.69B
| $24.7M | 0.01% |
719,143
+41,433
| +6% | +$1.26M |
|
|
TVTY
1931
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $24.7M | 0.01% |
1,211,820
-561,179
| -32% | -$10.5M |
|
|
JAG
1932
DELISTED
Jagged Peak Energy Inc.
JAG
| $24.6M | 0.01% |
2,896,499
+438,731
| +18% | +$3.21M |
|
1933
Tejon Ranch
TRC
$433M
| $24.5M | 0.01% |
1,534,863
+17,323
| +1% | +$283K |
|
1934
Core Laboratories
CLB
$523M
| $24.5M | 0.01% |
650,260
+119,016
| +22% | +$5.35M |
|
|
IVC
1935
DELISTED
Invacare Corporation
IVC
| $24.4M | 0.01% |
2,704,205
-49,421
| -2% | -$415K |
|
|
OPI
1936
DELISTED
Office Properties Income Trust
OPI
| $24.3M | 0.01% |
757,274
+29,498
| +4% | +$945K |
|
|
ETRN
1937
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $24.3M | 0.01% |
1,821,060
+398,688
| +28% | +$4.95M |
|
1938
FRP Holdings
FRPH
$408M
| $24.2M | 0.01% |
971,926
+3,454
| +0.4% | +$86.8K |
|
1939
Snap
SNAP
$9.56B
| $24.1M | 0.01% |
1,474,793
+145,005
| +11% | +$2.13M |
|
1940
National Presto Industries
NPK
$1.09B
| $24M | 0.01% |
271,490
-7,218
| -3% | -$628K |
|
1941
AdvanSix
ASIX
$453M
| $24M | 0.01% |
1,201,717
+85,398
| +8% | +$1.87M |
|
|
TACO
1942
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
| $23.9M | 0.01% |
3,029,729
-84,649
| -3% | -$686K |
|
1943
Sanofi
SNY
$103B
| $23.9M | 0.01% |
475,389
| – | – |
|
|
SRDX
1944
DELISTED
Surmodics
SRDX
| $23.8M | 0.01% |
574,500
-14,868
| -3% | -$626K |
|
1945
SPS Commerce
SPSC
$2.89B
| $23.7M | 0.01% |
428,236
-1,290
| -0.3% | -$68.6K |
|
|
FLIC
1946
DELISTED
First of Long Island Corp
FLIC
| $23.7M | 0.01% |
943,217
-744
| -0.1% | -$17.7K |
|
|
UHT
1947
Universal Health Realty Income Trust
UHT
$564M
| $23.6M | 0.01% |
200,920
+2,525
| +1% | +$287K |
|
1948
FB Financial Corp
FBK
$2.67B
| $23.5M | 0.01% |
594,561
+5,236
| +0.9% | +$201K |
|
1949
Match Group
MTCH
$10B
| $23.5M | 0.01% |
286,580
+1,114
| +0.4% | +$81K |
|
|
LBRDA
1950
DELISTED
Liberty Broadband Class A
LBRDA
| $23.4M | 0.01% |
187,848
-3,987
| -2% | -$462K |
|
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.