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 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$221M |
| 2 |
WillScot Mobile Mini Holdings
WSC
|
+$137M |
| 3 |
First Horizon
FHN
|
+$120M |
| 4 |
Alibaba
BABA
|
+$116M |
| 5 |
Brookfield Renewable
BEPC
|
+$85.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$732M |
| 2 |
TECD
Tech Data Corp
TECD
|
+$350M |
| 3 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$242M |
| 4 |
Pfizer
PFE
|
+$211M |
| 5 |
LM
Legg Mason, Inc.
LM
|
+$177M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.28% |
| 2 | Financials | 15.39% |
| 3 | Industrials | 13.31% |
| 4 | Consumer Discretionary | 12.36% |
| 5 | Healthcare | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
AdvanSix
ASIX
$541M
| $15.7M | 0.01% |
1,218,410
-20,044
| -2% | -$250K |
|
1977
Atlanta Braves Holdings Series B
BATRK
$3.26B
| $15.6M | 0.01% |
743,369
+7,037
| +1% | +$136K |
|
1978
ProPetro Holding
PUMP
$1.36B
| $15.6M | 0.01% |
3,844,670
+3,768
| +0.1% | +$20.5K |
|
1979
Antero Resources
AR
$11.1B
| $15.6M | 0.01% |
5,675,133
+1,495,873
| +36% | +$4.74M |
|
|
ENLC
1980
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $15.6M | 0.01% |
6,641,612
+411,762
| +7% | +$1.09M |
|
1981
Dime Commercial Bancshares
DCOM
$1.8B
| $15.6M | 0.01% |
893,245
+3
| +0% | +$58 |
|
|
XHR
1982
Xenia Hotels & Resorts
XHR
$1.9B
| $15.6M | 0.01% |
1,772,910
-8,819
| -0.5% | -$77.9K |
|
1983
DXP Enterprises
DXPE
$2.43B
| $15.5M | 0.01% |
963,731
-10,311
| -1% | -$190K |
|
1984
Bread Financial
BFH
$4.37B
| $15.5M | 0.01% |
463,516
-15,511
| -3% | -$551K |
|
|
GTY
1985
Getty Realty Corp
GTY
$2.11B
| $15.5M | 0.01% |
596,561
+40,308
| +7% | +$1.17M |
|
|
TWOU
1986
DELISTED
2U Inc
TWOU
| $15.5M | 0.01% |
15,217
+2,097
| +16% | +$2.49M |
|
1987
Acadia Realty Trust
AKR
$3.09B
| $15.5M | 0.01% |
1,472,063
+107,844
| +8% | +$1.29M |
|
1988
Pinterest
PINS
$13.4B
| $15.4M | 0.01% |
372,012
+130,437
| +54% | +$4.25M |
|
1989
Regional Management Corp
RM
$301M
| $15.4M | 0.01% |
925,270
+817
| +0.1% | +$14K |
|
|
LFC
1990
DELISTED
China Life Insurance Company Ltd.
LFC
| $15.4M | 0.01% |
1,360,463
-43,395
| -3% | -$519K |
|
1991
Vale
VALE
$64.1B
| $15.4M | 0.01% |
1,453,747
-2,149,944
| -60% | -$24.1M |
|
1992
Honda
HMC
$39.1B
| $15.3M | 0.01% |
647,662
-4,835
| -0.7% | -$122K |
|
1993
Freshpet
FRPT
$2.93B
| $15.3M | 0.01% |
137,385
+6,140
| +5% | +$625K |
|
1994
Ares Management
ARES
$28.9B
| $15.3M | 0.01% |
379,436
-4,740
| -1% | -$189K |
|
|
DSPG
1995
DELISTED
DSP Group Inc
DSPG
| $15.3M | 0.01% |
1,157,243
-35,686
| -3% | -$525K |
|
1996
Rocky Brands
RCKY
$366M
| $15.2M | 0.01% |
612,631
-2,556
| -0.4% | -$58K |
|
1997
Oceaneering
OII
$4.86B
| $15.2M | 0.01% |
4,314,383
-1,028,476
| -19% | -$5.43M |
|
1998
Central Pacific Financial
CPF
$1.02B
| $15.1M | 0.01% |
1,113,177
-46,971
| -4% | -$711K |
|
1999
Cactus
WHD
$5.21B
| $15.1M | 0.01% |
786,661
+14,180
| +2% | +$307K |
|
2000
Penumbra
PEN
$12.7B
| $15.1M | 0.01% |
77,597
+2,328
| +3% | +$490K |
|
Similar funds
Dimensional Fund Advisors's Q3 2020 Portfolio in Review
As of Q3 2020, Dimensional Fund Advisors held 3,412 positions worth $236B, up 3.6% from $228B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 4.5%. Dimensional Fund Advisors opened 74 new positions and exited 81, leaving the 3,412-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 16% a quarter earlier, followed by Financials and Industrials.
- Dimensional Fund Advisors's largest Q3 2020 buy was WillScot Mobile Mini Holdings: 8,572,662 shares worth $143M.
- Dimensional Fund Advisors added most to Royal Dutch Shell PLC ADS Class B in Q3 2020, an estimated $221M increase.
- Dimensional Fund Advisors's biggest Q3 2020 reduction was Apple, cutting an estimated $732M.
- Dimensional Fund Advisors fully exited Tech Data Corp in Q3 2020, selling an estimated $350M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $236B portfolio in Q3 2020.
- Dimensional Fund Advisors opened 74 new positions and closed 81 in Q3 2020.
- Dimensional Fund Advisors's portfolio value rose 3.6% quarter-over-quarter to $236B.
Based on Dimensional Fund Advisors's 13F filing for Q3 2020, filed 12 Nov 2020.