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 | |
|---|---|---|---|---|---|---|
2001
Community Health Systems
CYH
$382M
| $18.9M | 0.01% |
2,541,999
+25,229
| +1% | +$178K |
|
2002
Sasol
SSL
$7.4B
| $18.9M | 0.01% |
2,127,657
| – | – |
|
|
RYZ
2003
Ryerson Holding Corp
RYZ
$1.49B
| $18.8M | 0.01% |
1,377,615
+20,481
| +2% | +$201K |
|
2004
Vontier
VNT
$4.54B
| $18.8M | 0.01% |
+561,857
| New | +$17.3M |
|
|
DSPG
2005
DELISTED
DSP Group Inc
DSPG
| $18.7M | 0.01% |
1,129,156
-28,087
| -2% | -$432K |
|
2006
Movado Group
MOV
$840M
| $18.7M | 0.01% |
1,125,119
-98,011
| -8% | -$1.4M |
|
2007
Tootsie Roll Industries
TR
$2.97B
| $18.7M | 0.01% |
751,546
-17,268
| -2% | -$445K |
|
|
DHIL
2008
DELISTED
Diamond Hill
DHIL
| $18.7M | 0.01% |
125,212
-1,393
| -1% | -$203K |
|
|
ADVM
2009
DELISTED
Adverum Biotechnologies
ADVM
| $18.5M | 0.01% |
170,974
-16,203
| -9% | -$2M |
|
|
PAMT
2010
PAMT Corp
PAMT
$360M
| $18.5M | 0.01% |
1,509,408
-10,340
| -0.7% | -$115K |
|
2011
American Airlines Group
AAL
$9.82B
| $18.5M | 0.01% |
1,172,305
-497,477
| -30% | -$6.89M |
|
2012
Napco Security Technologies
NSSC
$1.3B
| $18.5M | 0.01% |
1,409,078
-116,764
| -8% | -$1.57M |
|
2013
Midland States Bancorp
MSBI
$697M
| $18.5M | 0.01% |
1,032,828
+3,710
| +0.4% | +$60.5K |
|
2014
Northrim BanCorp
NRIM
$593M
| $18.4M | 0.01% |
2,172,248
-34,496
| -2% | -$273K |
|
2015
Rocket Pharmaceuticals
RCKT
$343M
| $18.4M | 0.01% |
336,006
-7,006
| -2% | -$255K |
|
2016
Covenant Logistics
CVLG
$1.04B
| $18.4M | 0.01% |
2,486,620
-12,564
| -0.5% | -$105K |
|
2017
Elastic
ESTC
$6.7B
| $18.4M | 0.01% |
125,821
+11,670
| +10% | +$1.43M |
|
2018
Children's Place
PLCE
$53.8M
| $18.4M | 0.01% |
366,515
-123,480
| -25% | -$4.49M |
|
2019
Sabre
SABR
$716M
| $18.3M | 0.01% |
1,524,914
-619,141
| -29% | -$5.73M |
|
|
CCXI
2020
DELISTED
ChemoCentryx, Inc.
CCXI
| $18.3M | 0.01% |
295,882
-305,656
| -51% | -$17.5M |
|
|
TWOU
2021
DELISTED
2U Inc
TWOU
| $18.3M | 0.01% |
15,238
+21
| +0.1% | +$22.5K |
|
2022
Rafael Holdings
RFL
$103M
| $18.3M | 0.01% |
794,413
-16,337
| -2% | -$322K |
|
|
RUTH
2023
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $18.3M | 0.01% |
1,030,160
-42,992
| -4% | -$604K |
|
|
LGTY
2024
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $18.2M | 0.01% |
1,061,931
-12,141
| -1% | -$193K |
|
2025
Gates Industrial Corporation Ltd.
GTES
$6.31B
| $18.2M | 0.01% |
1,424,891
-3,550
| -0.2% | -$44.4K |
|
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.