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 | |
|---|---|---|---|---|---|---|
1951
Ecovyst
ECVT
$1.3B
| $13.9M | 0.01% |
1,272,779
+121,441
| +11% | +$1.69M |
|
1952
Vanda Pharmaceuticals
VNDA
$302M
| $13.8M | 0.01% |
1,335,345
+137,624
| +11% | +$1.71M |
|
|
DHC
1953
Diversified Healthcare Trust
DHC
$2.12B
| $13.8M | 0.01% |
3,809,081
+4,113
| +0.1% | +$27K |
|
|
XYZ
1954
Block Inc
XYZ
$48.8B
| $13.8M | 0.01% |
263,170
+8,691
| +3% | +$594K |
|
|
LFC
1955
DELISTED
China Life Insurance Company Ltd.
LFC
| $13.8M | 0.01% |
1,410,758
-111,005
| -7% | -$1.33M |
|
1956
Willis Lease Finance
WLFC
$1.71B
| $13.8M | 0.01% |
1,551,330
-300
| -0% | -$4.96K |
|
1957
Atlassian
TEAM
$25.5B
| $13.7M | 0.01% |
100,072
-5,407
| -5% | -$756K |
|
1958
Phibro Animal Health
PAHC
$1.44B
| $13.7M | 0.01% |
567,478
+14,334
| +3% | +$350K |
|
1959
Agios Pharmaceuticals
AGIO
$1.89B
| $13.7M | 0.01% |
385,146
+49,471
| +15% | +$2.29M |
|
|
EGRX
1960
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $13.6M | 0.01% |
296,119
+6,875
| +2% | +$345K |
|
1961
Oil-Dri
ODC
$1.41B
| $13.6M | 0.01% |
813,308
-8,530
| -1% | -$146K |
|
|
EXTN
1962
DELISTED
Exterran Corporation
EXTN
| $13.6M | 0.01% |
2,830,603
-98,001
| -3% | -$587K |
|
|
PTVCB
1963
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
| $13.5M | 0.01% |
984,266
+8,353
| +0.9% | +$124K |
|
|
CHX
1964
DELISTED
ChampionX
CHX
| $13.5M | 0.01% |
2,348,292
+153,332
| +7% | +$3.19M |
|
|
COWN
1965
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $13.4M | 0.01% |
1,384,756
-9,520
| -0.7% | -$136K |
|
1966
Expro Ltd
XPRO
$1.72B
| $13.2M | 0.01% |
851,106
+41,261
| +5% | +$869K |
|
1967
Madrigal Pharmaceuticals
MDGL
$10.9B
| $13.2M | 0.01% |
197,678
+12,134
| +7% | +$1.01M |
|
1968
Green Brick Partners
GRBK
$3B
| $13.2M | 0.01% |
1,639,767
| – | – |
|
1969
Fluor
FLR
$6.98B
| $13.2M | 0.01% |
1,905,894
-240,783
| -11% | -$3.36M |
|
|
PRMW
1970
DELISTED
Primo Water Corporation
PRMW
| $13.1M | 0.01% |
1,027,547
+128,213
| +14% | +$1.74M |
|
1971
SITE Centers
SITC
$223M
| $13.1M | 0.01% |
3,222,126
+39,225
| +1% | +$340K |
|
1972
Energizer
ENR
$1.42B
| $13.1M | 0.01% |
432,592
+362,177
| +514% | +$16.4M |
|
|
MFSF
1973
DELISTED
MutualFirst Financial Inc
MFSF
| $13.1M | 0.01% |
462,851
| – | – |
|
1974
Equity Bancshares
EQBK
$1.04B
| $13M | 0.01% |
755,594
+37,128
| +5% | +$935K |
|
|
FNHC
1975
DELISTED
FedNat Holding Company Common Stock
FNHC
| $13M | 0.01% |
1,134,912
+52,070
| +5% | +$729K |
|
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.