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 | |
|---|---|---|---|---|---|---|
|
SPR
2001
DELISTED
Spirit AeroSystems
SPR
| $15.1M | 0.01% |
797,472
-280,353
| -26% | -$5.91M |
|
|
LGTY
2002
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $15.1M | 0.01% |
1,074,072
-26,230
| -2% | -$409K |
|
2003
Vitamin Cottage Natural Grocers
NGVC
$739M
| $15M | 0.01% |
1,524,135
+9,370
| +0.6% | +$123K |
|
2004
American Outdoor Brands
AOUT
$155M
| $14.9M | 0.01% |
+1,146,708
| New | +$16.7M |
|
2005
Cerence
CRNC
$385M
| $14.9M | 0.01% |
304,781
-1,614
| -0.5% | -$77.5K |
|
2006
Barrett Business Services
BBSI
$959M
| $14.9M | 0.01% |
1,135,648
+3,048
| +0.3% | +$41.7K |
|
|
CSOD
2007
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $14.9M | 0.01% |
409,142
-60,178
| -13% | -$2.16M |
|
2008
Park-Ohio Holdings
PKOH
$575M
| $14.9M | 0.01% |
924,404
-22,022
| -2% | -$352K |
|
2009
Ribbon Communications
RBBN
$377M
| $14.8M | 0.01% |
3,835,870
+50,901
| +1% | +$215K |
|
2010
Bank of Marin Bancorp
BMRC
$472M
| $14.8M | 0.01% |
511,957
+6,989
| +1% | +$220K |
|
2011
Brown-Forman Class A
BF.A
$13.4B
| $14.8M | 0.01% |
215,724
+1,435
| +0.7% | +$93.6K |
|
2012
Spok Holdings
SPOK
$228M
| $14.8M | 0.01% |
1,556,895
-8,551
| -0.5% | -$85.4K |
|
|
ADSW
2013
DELISTED
Advanced Disposal Services Inc
ADSW
| $14.8M | 0.01% |
488,638
-656,825
| -57% | -$19.8M |
|
2014
PAR Technology
PAR
$699M
| $14.8M | 0.01% |
364,572
-23,139
| -6% | -$827K |
|
2015
Alkermes
ALKS
$8.22B
| $14.8M | 0.01% |
891,229
+97,256
| +12% | +$1.77M |
|
2016
Boyd Gaming
BYD
$6.18B
| $14.7M | 0.01% |
479,627
-48,777
| -9% | -$1.22M |
|
|
REVG
2017
DELISTED
REV Group
REVG
| $14.7M | 0.01% |
1,862,173
-6,204
| -0.3% | -$44.2K |
|
|
RCM
2018
DELISTED
R1 RCM Inc. Common Stock
RCM
| $14.7M | 0.01% |
855,941
+49,635
| +6% | +$725K |
|
|
MYOK
2019
DELISTED
MyoKardia, Inc. Common Stock
MYOK
| $14.7M | 0.01% |
107,542
+7,522
| +8% | +$800K |
|
|
CTO
2020
CTO Realty Growth
CTO
$824M
| $14.6M | 0.01% |
1,214,806
-8,113
| -0.7% | -$90.5K |
|
2021
Oil-Dri
ODC
$1.44B
| $14.6M | 0.01% |
814,604
-766
| -0.1% | -$13.7K |
|
|
FLIC
2022
DELISTED
First of Long Island Corp
FLIC
| $14.5M | 0.01% |
978,759
+298
| +0% | +$4.52K |
|
2023
Dave & Buster's
PLAY
$377M
| $14.5M | 0.01% |
956,126
-37,753
| -4% | -$557K |
|
2024
Imperial Oil
IMO
$62.7B
| $14.5M | 0.01% |
1,211,780
-1,649
| -0.1% | -$25.8K |
|
|
AZUL
2025
DELISTED
Azul
AZUL
| $14.5M | 0.01% |
1,101,726
-39,195
| -3% | -$504K |
|
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.