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 | |
|---|---|---|---|---|---|---|
2051
Tiptree Inc
TIPT
$662M
| $13.6M | 0.01% |
2,739,396
-5,231
| -0.2% | -$28.3K |
|
|
TBRG
2052
DELISTED
TruBridge
TBRG
| $13.5M | 0.01% |
489,593
+5,282
| +1% | +$139K |
|
|
NPTN
2053
DELISTED
NEOPHOTONICS CORP
NPTN
| $13.5M | 0.01% |
2,219,054
-85,017
| -4% | -$649K |
|
2054
Acadia Pharmaceuticals
ACAD
$4.43B
| $13.5M | 0.01% |
327,217
+15,310
| +5% | +$661K |
|
2055
Dine Brands
DIN
$456M
| $13.5M | 0.01% |
246,618
-157,790
| -39% | -$7.98M |
|
|
CSR
2056
Centerspace
CSR
$921M
| $13.4M | 0.01% |
205,668
+15,317
| +8% | +$1.07M |
|
2057
Protagonist Therapeutics
PTGX
$8.79B
| $13.4M | 0.01% |
685,256
-1,641
| -0.2% | -$30.8K |
|
|
VBTX
2058
DELISTED
Veritex Holdings
VBTX
| $13.4M | 0.01% |
785,139
+33,983
| +5% | +$588K |
|
|
FRGI
2059
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $13.4M | 0.01% |
1,425,725
-53,023
| -4% | -$459K |
|
|
CYBE
2060
DELISTED
Cyberoptics Corp
CYBE
| $13.4M | 0.01% |
419,407
-12,963
| -3% | -$456K |
|
2061
Nicolet Bankshares
NIC
$3.6B
| $13.3M | 0.01% |
243,829
+4,538
| +2% | +$258K |
|
2062
Utah Medical Products
UTMD
$225M
| $13.3M | 0.01% |
166,339
-3,231
| -2% | -$268K |
|
|
DHC
2063
Diversified Healthcare Trust
DHC
$2.15B
| $13.3M | 0.01% |
3,770,705
-30,454
| -0.8% | -$119K |
|
2064
Midland States Bancorp
MSBI
$699M
| $13.2M | 0.01% |
1,029,118
-9,710
| -0.9% | -$138K |
|
|
ITIC
2065
Investors Title Co
ITIC
$546M
| $13.2M | 0.01% |
101,624
-7,648
| -7% | -$985K |
|
2066
Nektar Therapeutics
NKTR
$2.39B
| $13.1M | 0.01% |
52,716
+9,678
| +22% | +$3.04M |
|
|
TUP
2067
DELISTED
Tupperware Brands Corporation
TUP
| $13.1M | 0.01% |
648,891
-158,533
| -20% | -$2.41M |
|
2068
Bristow Group
VTOL
$1.34B
| $13.1M | 0.01% |
615,421
+39,165
| +7% | +$732K |
|
2069
GrafTech
EAF
$175M
| $13M | 0.01% |
190,554
-4,154
| -2% | -$290K |
|
|
AVID
2070
DELISTED
Avid Technology Inc
AVID
| $13M | 0.01% |
1,519,863
-194,157
| -11% | -$1.56M |
|
|
HCCI
2071
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $13M | 0.01% |
972,601
-6,225
| -0.6% | -$94.5K |
|
|
EMBJ
2072
Embraer S.A. ADS
EMBJ
$12.2B
| $12.9M | 0.01% |
2,938,392
-226,874
| -7% | -$1.26M |
|
2073
Oppenheimer Holdings
OPY
$1.14B
| $12.9M | 0.01% |
579,678
| – | – |
|
2074
Select Water Solutions
WTTR
$2.3B
| $12.9M | 0.01% |
3,368,291
-91,132
| -3% | -$429K |
|
2075
LSI Industries
LYTS
$859M
| $12.8M | 0.01% |
1,894,707
-53,731
| -3% | -$347K |
|
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.