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 | |
|---|---|---|---|---|---|---|
|
ATVI
201
DELISTED
Activision Blizzard
ATVI
| $241M | 0.09% |
2,595,880
+126,983
| +5% | +$10.3M |
|
202
MetLife
MET
$61.2B
| $240M | 0.09% |
5,120,792
+106,677
| +2% | +$4.62M |
|
203
Southwest Airlines
LUV
$22.2B
| $240M | 0.09% |
5,151,623
-605,402
| -11% | -$26.2M |
|
204
Canadian Natural Resources
CNQ
$93.4B
| $240M | 0.09% |
20,375,879
+1,042,887
| +5% | +$10.5M |
|
205
Mohawk Industries
MHK
$7.05B
| $240M | 0.09% |
1,699,635
+4,918
| +0.3% | +$593K |
|
206
Eastman Chemical
EMN
$7.74B
| $239M | 0.09% |
2,383,759
+7,954
| +0.3% | +$738K |
|
207
Mid-America Apartment Communities
MAA
$15.5B
| $239M | 0.09% |
1,886,887
+20,521
| +1% | +$2.53M |
|
208
Viatris
VTRS
$20.5B
| $237M | 0.09% |
12,653,672
+4,836,259
| +62% | +$78.9M |
|
209
Rio Tinto
RIO
$150B
| $236M | 0.09% |
3,141,974
+201,765
| +7% | +$13.2M |
|
210
Healthpeak Properties
DOC
$15.5B
| $236M | 0.09% |
7,812,989
-110,687
| -1% | -$3.22M |
|
|
WCC
211
WESCO International
WCC
$16.5B
| $236M | 0.09% |
3,003,507
-172,250
| -5% | -$10.2M |
|
212
Meritage Homes
MTH
$4.89B
| $235M | 0.08% |
5,680,742
-750,382
| -12% | -$35.5M |
|
213
ASML
ASML
$636B
| $234M | 0.08% |
480,116
+73,860
| +18% | +$31.1M |
|
214
Lear
LEA
$7.26B
| $233M | 0.08% |
1,464,519
-143,832
| -9% | -$20.2M |
|
215
CACI
CACI
$11B
| $233M | 0.08% |
933,105
-40,514
| -4% | -$9.33M |
|
216
Cognizant
CTSH
$22.3B
| $232M | 0.08% |
2,835,816
+118,156
| +4% | +$8.99M |
|
217
CNO Financial Group
CNO
$4.96B
| $231M | 0.08% |
10,388,688
-719,895
| -6% | -$14.7M |
|
218
Quest Diagnostics
DGX
$25.6B
| $230M | 0.08% |
1,927,478
+79,856
| +4% | +$9.74M |
|
219
DuPont de Nemours
DD
$18.9B
| $230M | 0.08% |
2,571,654
-34,599
| -1% | -$2.72M |
|
220
Popular Inc
BPOP
$10.9B
| $229M | 0.08% |
4,072,688
+6,385
| +0.2% | +$303K |
|
221
Philip Morris
PM
$305B
| $229M | 0.08% |
2,769,434
-113,725
| -4% | -$8.85M |
|
222
Lennar Class A
LEN
$20.5B
| $229M | 0.08% |
3,098,750
+178,628
| +6% | +$13.4M |
|
223
Dollar Tree
DLTR
$24.1B
| $228M | 0.08% |
2,110,018
-8,068
| -0.4% | -$810K |
|
224
Johnson Controls International
JCI
$87.5B
| $228M | 0.08% |
4,892,523
-26,557
| -0.5% | -$1.18M |
|
225
Magna International
MGA
$18.3B
| $228M | 0.08% |
3,218,952
-107,826
| -3% | -$6.35M |
|
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.