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 | |
|---|---|---|---|---|---|---|
1976
Companhia Siderúrgica Nacional
SID
$1.56B
| $22.5M | 0.01% |
6,511,670
-89,875
| -1% | -$280K |
|
|
MRLN
1977
DELISTED
Marlin Business Services Corp
MRLN
| $22.4M | 0.01% |
1,018,030
-12,820
| -1% | -$291K |
|
|
NETI
1978
DELISTED
Eneti Inc.
NETI
| $22.4M | 0.01% |
350,893
-23,311
| -6% | -$1.42M |
|
1979
Sterling Infrastructure
STRL
$15.5B
| $22.3M | 0.01% |
1,585,983
-10,689
| -0.7% | -$161K |
|
1980
CGI
GIB
$14.7B
| $22.3M | 0.01% |
266,465
+10,738
| +4% | +$864K |
|
|
MNK
1981
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $22.3M | 0.01% |
6,391,603
-343,839
| -5% | -$1.07M |
|
1982
National Beverage
FIZZ
$2.96B
| $22.2M | 0.01% |
870,572
-17,232
| -2% | -$414K |
|
|
PAMT
1983
PAMT Corp
PAMT
$258M
| $22.2M | 0.01% |
1,537,672
-31,104
| -2% | -$453K |
|
1984
Equity Bancshares
EQBK
$1.01B
| $22.2M | 0.01% |
718,466
+20,936
| +3% | +$598K |
|
|
HSKA
1985
DELISTED
Heska Corp
HSKA
| $22.1M | 0.01% |
230,827
-11,463
| -5% | -$993K |
|
|
SLCA
1986
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $22.1M | 0.01% |
3,592,085
-456,681
| -11% | -$2.76M |
|
1987
Western New England Bancorp
WNEB
$277M
| $22M | 0.01% |
2,288,490
-28,207
| -1% | -$273K |
|
|
WCN
1988
Waste Connections
WCN
$39.1B
| $22M | 0.01% |
242,719
-772
| -0.3% | -$70.1K |
|
1989
BGC Group
BGC
$5.7B
| $22M | 0.01% |
3,707,128
+75,696
| +2% | +$427K |
|
|
ADVM
1990
DELISTED
Adverum Biotechnologies
ADVM
| $22M | 0.01% |
191,103
-24,235
| -11% | -$2.14M |
|
1991
Tiptree Inc
TIPT
$653M
| $22M | 0.01% |
2,703,844
+801
| +0% | +$6.12K |
|
|
COWN
1992
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $22M | 0.01% |
1,394,276
-2,195
| -0.2% | -$33K |
|
|
REVG
1993
DELISTED
REV Group
REVG
| $21.9M | 0.01% |
1,792,748
+70,760
| +4% | +$895K |
|
1994
TC Energy
TRP
$64.2B
| $21.9M | 0.01% |
410,898
+52,341
| +15% | +$2.68M |
|
|
ROCC
1995
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
| $21.9M | 0.01% |
721,502
+90,586
| +14% | +$2.41M |
|
|
DLPH
1996
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $21.9M | 0.01% |
1,704,648
+165,037
| +11% | +$2.14M |
|
1997
Tanger
SKT
$4.11B
| $21.9M | 0.01% |
1,483,766
+24,682
| +2% | +$386K |
|
1998
CEVA Inc
CEVA
$840M
| $21.8M | 0.01% |
809,608
-29,507
| -4% | -$806K |
|
1999
Essential Properties Realty Trust
EPRT
$5.8B
| $21.8M | 0.01% |
879,776
+479,627
| +120% | +$12.1M |
|
2000
Allient
ALNT
$1.69B
| $21.8M | 0.01% |
673,350
-6,776
| -1% | -$189K |
|
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.