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 |
TCF
TCF Financial Corporation Common Stock
TCF
|
+$182M |
| 2 |
Walt Disney
DIS
|
+$178M |
| 3 |
L3Harris
LHX
|
+$164M |
| 4 |
Johnson & Johnson
JNJ
|
+$152M |
| 5 |
Meta Platforms (Facebook)
META
|
+$140M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LLL
L3 Technologies, Inc.
LLL
|
+$228M |
| 2 |
FNSR
Finisar Corp
FNSR
|
+$226M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$211M |
| 4 |
TCF
TCF Financial Corporation
TCF
|
+$210M |
| 5 |
LEXEA
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
|
+$160M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.92% |
| 2 | Industrials | 13.56% |
| 3 | Technology | 13.5% |
| 4 | Consumer Discretionary | 10.59% |
| 5 | Healthcare | 9.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Village Super Market
VLGEA
$651M
| $20.4M | 0.01% |
770,417
+4,660
| +0.6% | +$118K |
|
|
TAST
2002
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $20.3M | 0.01% |
2,449,298
+65,648
| +3% | +$549K |
|
2003
Trade Desk
TTD
$8.48B
| $20.3M | 0.01% |
1,081,150
-107,980
| -9% | -$2.57M |
|
|
BGG
2004
DELISTED
Briggs & Stratton Corp.
BGG
| $20.2M | 0.01% |
3,341,214
-120,608
| -3% | -$891K |
|
2005
CGI
GIB
$15.1B
| $20.2M | 0.01% |
255,727
+5,571
| +2% | +$434K |
|
2006
SPS Commerce
SPSC
$2.64B
| $20.2M | 0.01% |
429,526
-1,088
| -0.3% | -$55.2K |
|
|
P
2007
Everpure Inc
P
$25.7B
| $20.2M | 0.01% |
1,191,171
+328,584
| +38% | +$5.15M |
|
2008
Blackstone
BX
$102B
| $20.2M | 0.01% |
+412,930
| New | +$20.1M |
|
2009
Under Armour Class C
UA
$2.77B
| $20.2M | 0.01% |
1,111,819
+75,886
| +7% | +$1.5M |
|
|
FIT
2010
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $20.1M | 0.01% |
5,281,975
+362,835
| +7% | +$1.35M |
|
2011
Seneca Foods Class A
SENEA
$1.12B
| $20.1M | 0.01% |
644,426
-5,287
| -0.8% | -$152K |
|
2012
United States Lime & Minerals
USLM
$3.16B
| $20.1M | 0.01% |
1,311,915
-2,395
| -0.2% | -$38.5K |
|
2013
Tootsie Roll Industries
TR
$2.93B
| $20.1M | 0.01% |
664,190
-4,608
| -0.7% | -$139K |
|
2014
Liberty Broadband Class A
LBRDA
$4.89B
| $20M | 0.01% |
191,835
-3,719
| -2% | -$384K |
|
2015
Heritage Insurance Holdings
HRTG
$889M
| $20M | 0.01% |
1,340,147
+74,861
| +6% | +$1.09M |
|
|
CS
2016
DELISTED
Credit Suisse Group
CS
| $20M | 0.01% |
1,640,286
+37,319
| +2% | +$449K |
|
2017
BGC Group
BGC
$5.45B
| $20M | 0.01% |
3,631,432
+58,804
| +2% | +$315K |
|
|
SGEN
2018
DELISTED
Seagen Inc. Common Stock
SGEN
| $19.9M | 0.01% |
233,195
+2,140
| +0.9% | +$157K |
|
2019
Inogen
INGN
$175M
| $19.8M | 0.01% |
413,885
+61,864
| +18% | +$3.23M |
|
2020
PTC
PTC
$15.8B
| $19.7M | 0.01% |
289,589
+22,938
| +9% | +$1.68M |
|
|
VEDL
2021
DELISTED
Vedanta Limited American Depostary Shares (Each representing four equity shares)
VEDL
| $19.7M | 0.01% |
2,271,350
-302,766
| -12% | -$2.6M |
|
2022
Live Oak Bancshares
LOB
$1.98B
| $19.7M | 0.01% |
1,088,662
+33,530
| +3% | +$604K |
|
2023
National Beverage
FIZZ
$2.96B
| $19.7M | 0.01% |
887,804
-9,978
| -1% | -$215K |
|
|
REVG
2024
DELISTED
REV Group
REVG
| $19.7M | 0.01% |
1,721,988
+77,455
| +5% | +$960K |
|
2025
Tiptree Inc
TIPT
$662M
| $19.7M | 0.01% |
2,703,043
-717
| -0% | -$4.84K |
|
Similar funds
Dimensional Fund Advisors's Q3 2019 Portfolio in Review
As of Q3 2019, Dimensional Fund Advisors held 3,512 positions worth $257B, down 0.08% from $258B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Trading was light in Q3 2019: portfolio turnover was 4.1%. Dimensional Fund Advisors opened 49 new positions and exited 94, leaving the 3,512-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 Industrials and Technology.
- Dimensional Fund Advisors's largest Q3 2019 buy was Valaris plc Class A Ordinary Share: 11,974,457 shares worth $57.6M.
- Dimensional Fund Advisors added most to TCF Financial Corporation Common Stock in Q3 2019, an estimated $182M increase.
- Dimensional Fund Advisors's biggest Q3 2019 reduction was Walmart Inc, cutting an estimated $144M.
- Dimensional Fund Advisors fully exited L3 Technologies, Inc. in Q3 2019, selling an estimated $228M.
- Dimensional Fund Advisors's ten largest holdings make up 10% of its $257B portfolio in Q3 2019.
- Dimensional Fund Advisors opened 49 new positions and closed 94 in Q3 2019.
- Dimensional Fund Advisors's portfolio value fell 0.08% quarter-over-quarter to $257B.
Based on Dimensional Fund Advisors's 13F filing for Q3 2019, filed 12 Nov 2019.