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 | |
|---|---|---|---|---|---|---|
|
MIME
1951
DELISTED
Mimecast Limited
MIME
| $23.4M | 0.01% |
538,710
+52,529
| +11% | +$2.18M |
|
|
PTR
1952
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $23.4M | 0.01% |
464,335
+42,558
| +10% | +$2.09M |
|
|
GRUB
1953
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $23.3M | 0.01% |
239,734
+33,175
| +16% | +$3.04M |
|
1954
Citi Trends
CTRN
$488M
| $23.3M | 0.01% |
1,007,630
-7,917
| -0.8% | -$154K |
|
1955
American Coastal Insurance
ACIC
$433M
| $23.2M | 0.01% |
1,837,330
+26,537
| +1% | +$337K |
|
1956
Energy Transfer Partners
ET
$72.5B
| $23.1M | 0.01% |
+1,800,508
| New | +$22.2M |
|
|
LNW
1957
DELISTED
Light & Wonder
LNW
| $23M | 0.01% |
860,277
-11,954
| -1% | -$308K |
|
|
VMW
1958
DELISTED
VMware, Inc
VMW
| $23M | 0.01% |
151,640
+1,110
| +0.7% | +$174K |
|
1959
Dell
DELL
$374B
| $23M | 0.01% |
883,466
-571,890
| -39% | -$14.9M |
|
1960
Sarepta Therapeutics
SRPT
$2.18B
| $23M | 0.01% |
178,232
+26,655
| +18% | +$2.69M |
|
|
EXTN
1961
DELISTED
Exterran Corporation
EXTN
| $22.9M | 0.01% |
2,928,604
-109,857
| -4% | -$1.02M |
|
1962
United States Lime & Minerals
USLM
$3.28B
| $22.9M | 0.01% |
1,268,990
-42,925
| -3% | -$754K |
|
1963
Pacira BioSciences
PCRX
$976M
| $22.9M | 0.01% |
505,785
+2,941
| +0.6% | +$125K |
|
|
AAMI
1964
Acadian Asset Management
AAMI
$3.21B
| $22.9M | 0.01% |
2,237,116
-63,732
| -3% | -$622K |
|
|
DNR
1965
DELISTED
Denbury Resources, Inc.
DNR
| $22.8M | 0.01% |
16,203,338
-2,823,852
| -15% | -$3.15M |
|
1966
Keurig Dr Pepper
KDP
$42.8B
| $22.8M | 0.01% |
787,356
-31,653
| -4% | -$909K |
|
|
CS
1967
DELISTED
Credit Suisse Group
CS
| $22.7M | 0.01% |
1,690,487
+50,201
| +3% | +$642K |
|
|
INWK
1968
DELISTED
InnerWorkings, Inc.
INWK
| $22.6M | 0.01% |
4,105,187
-24,786
| -0.6% | -$120K |
|
1969
Karyopharm Therapeutics
KPTI
$40.6M
| $22.6M | 0.01% |
78,616
-2,068
| -3% | -$449K |
|
1970
Calix
CALX
$2.21B
| $22.6M | 0.01% |
2,821,796
-65,464
| -2% | -$488K |
|
|
TEN
1971
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $22.6M | 0.01% |
1,723,247
-754,480
| -30% | -$9.89M |
|
1972
PTC
PTC
$14.6B
| $22.6M | 0.01% |
301,399
+11,810
| +4% | +$840K |
|
1973
AMC Entertainment Holdings
AMC
$2.42B
| $22.5M | 0.01% |
311,435
-7,383
| -2% | -$650K |
|
1974
Bank of Marin Bancorp
BMRC
$460M
| $22.5M | 0.01% |
500,257
-4,371
| -0.9% | -$193K |
|
1975
Lloyds Banking Group
LYG
$85.8B
| $22.5M | 0.01% |
6,799,615
+263,714
| +4% | +$798K |
|
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.