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 |
Concentrix
CNXC
|
+$196M |
| 2 |
Tesla
TSLA
|
+$162M |
| 3 |
PROG Holdings
PRG
|
+$150M |
| 4 |
Morgan Stanley
MS
|
+$120M |
| 5 |
Unilever
UL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$284M |
| 2 |
Comcast
CMCSA
|
+$222M |
| 3 |
ExxonMobil
XOM
|
+$166M |
| 4 |
AAN.A
The Aaron's Company Inc Class A
AAN.A
|
+$165M |
| 5 |
TD Synnex
SNX
|
+$160M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.83% |
| 2 | Technology | 16.31% |
| 3 | Industrials | 13.47% |
| 4 | Consumer Discretionary | 12.13% |
| 5 | Healthcare | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MSGN
1976
DELISTED
MSG Networks Inc.
MSGN
| $20.4M | 0.01% |
1,385,270
-122,691
| -8% | -$1.37M |
|
1977
Vanda Pharmaceuticals
VNDA
$304M
| $20.4M | 0.01% |
1,552,238
+84,573
| +6% | +$1.02M |
|
1978
STMicroelectronics
STM
$43.1B
| $20.3M | 0.01% |
548,062
-21,827
| -4% | -$774K |
|
1979
York Water
YORW
$511M
| $20.3M | 0.01% |
435,001
-1,272
| -0.3% | -$58.2K |
|
1980
Lantheus
LNTH
$6.51B
| $20.2M | 0.01% |
1,495,759
-87,237
| -6% | -$1.14M |
|
1981
Flexsteel Industries
FLXS
$307M
| $20.2M | 0.01% |
576,440
-3,106
| -0.5% | -$92.4K |
|
1982
SunCoke Energy
SXC
$794M
| $20.1M | 0.01% |
4,631,782
-78,897
| -2% | -$330K |
|
|
PFPT
1983
DELISTED
Proofpoint, Inc.
PFPT
| $20.1M | 0.01% |
147,179
-9,319
| -6% | -$1.02M |
|
1984
Matrix Service
MTRX
$312M
| $20.1M | 0.01% |
1,820,534
-99,400
| -5% | -$916K |
|
1985
TFS Financial
TFSL
$5.11B
| $20M | 0.01% |
1,135,549
+25,125
| +2% | +$418K |
|
|
TPCO
1986
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $19.9M | 0.01% |
1,453,735
-39,981
| -3% | -$493K |
|
1987
STAAR Surgical
STAA
$1.19B
| $19.9M | 0.01% |
250,753
-41,473
| -14% | -$3.03M |
|
1988
Rogers Communications
RCI
$18.8B
| $19.9M | 0.01% |
426,242
+27,234
| +7% | +$1.21M |
|
1989
Pitney Bowes
PBI
$2.39B
| $19.8M | 0.01% |
3,212,432
+2,187
| +0.1% | +$13.1K |
|
|
NPTN
1990
DELISTED
NEOPHOTONICS CORP
NPTN
| $19.8M | 0.01% |
2,176,849
-42,205
| -2% | -$326K |
|
|
TDAY
1991
USA Today Co
TDAY
$1.29B
| $19.6M | 0.01% |
5,848,974
-853,863
| -13% | -$1.76M |
|
|
EIGI
1992
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $19.6M | 0.01% |
2,075,734
-319,523
| -13% | -$2.64M |
|
1993
Upland Software
UPLD
$13.3M
| $19.5M | 0.01% |
42,544
+444
| +1% | +$196K |
|
1994
American Outdoor Brands
AOUT
$158M
| $19.5M | 0.01% |
1,145,908
-800
| -0.1% | -$12.1K |
|
1995
Lifetime Brands
LCUT
$192M
| $19.4M | 0.01% |
1,275,147
+9,119
| +0.7% | +$115K |
|
1996
Atlanta Braves Holdings Series B
BATRK
$3.28B
| $19.4M | 0.01% |
778,040
+34,671
| +5% | +$817K |
|
|
VOXX
1997
DELISTED
VOXX International Corporation Class A
VOXX
| $19.3M | 0.01% |
1,510,822
-61,662
| -4% | -$721K |
|
1998
Marcus Corp
MCS
$767M
| $19.2M | 0.01% |
1,422,977
-181,185
| -11% | -$1.83M |
|
1999
Barrett Business Services
BBSI
$1.01B
| $19M | 0.01% |
1,111,692
-23,956
| -2% | -$390K |
|
2000
Freshpet
FRPT
$3.04B
| $18.9M | 0.01% |
133,431
-3,954
| -3% | -$510K |
|
Similar funds
Dimensional Fund Advisors's Q4 2020 Portfolio in Review
As of Q4 2020, Dimensional Fund Advisors held 3,414 positions worth $277B, up 17% from $236B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Trading was light in Q4 2020: portfolio turnover was 4.5%. Dimensional Fund Advisors opened 81 new positions and exited 72, leaving the 3,414-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
- Dimensional Fund Advisors's largest Q4 2020 buy was Concentrix: 1,965,264 shares worth $194M.
- Dimensional Fund Advisors added most to Tesla in Q4 2020, an estimated $162M increase.
- Dimensional Fund Advisors's biggest Q4 2020 reduction was Apple, cutting an estimated $284M.
- Dimensional Fund Advisors fully exited The Aaron's Company Inc Class A in Q4 2020, selling an estimated $165M.
- Dimensional Fund Advisors's ten largest holdings make up 11% of its $277B portfolio in Q4 2020.
- Dimensional Fund Advisors opened 81 new positions and closed 72 in Q4 2020.
- Dimensional Fund Advisors's portfolio value rose 17% quarter-over-quarter to $277B.
Based on Dimensional Fund Advisors's 13F filing for Q4 2020, filed 11 Feb 2021.