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 |
Alibaba
BABA
|
+$179M |
| 2 |
Prologis
PLD
|
+$125M |
| 3 |
Visa
V
|
+$98.1M |
| 4 |
Walt Disney
DIS
|
+$85.8M |
| 5 |
Halliburton
HAL
|
+$69.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$322M |
| 2 |
AT&T
T
|
+$257M |
| 3 |
ExxonMobil
XOM
|
+$239M |
| 4 |
JPMorgan Chase
JPM
|
+$239M |
| 5 |
AYR
Aircastle Ltd
AYR
|
+$206M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.39% |
| 2 | Technology | 15.83% |
| 3 | Industrials | 12.66% |
| 4 | Healthcare | 11.95% |
| 5 | Consumer Discretionary | 9.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2301
Banco Santander
SAN
$202B
| $6.53M | ﹤0.01% |
2,897,982
-307,664
| -10% | -$1.06M |
|
|
PWOD
2302
DELISTED
Penns Woods Bancorp
PWOD
| $6.49M | ﹤0.01% |
267,142
+914
| +0.3% | +$27K |
|
2303
Construction Partners
ROAD
$5.84B
| $6.48M | ﹤0.01% |
383,547
+54,968
| +17% | +$914K |
|
2304
Columbia Financial
CLBK
$1.12B
| $6.47M | ﹤0.01% |
449,335
+89,633
| +25% | +$1.43M |
|
2305
First Business Financial Services
FBIZ
$587M
| $6.45M | ﹤0.01% |
416,354
+6,327
| +2% | +$145K |
|
2306
AB InBev
BUD
$167B
| $6.44M | ﹤0.01% |
145,967
-9,627
| -6% | -$628K |
|
|
EBTC
2307
DELISTED
Enterprise Bancorp
EBTC
| $6.43M | ﹤0.01% |
238,465
+8,232
| +4% | +$243K |
|
2308
Fortis
FTS
$29B
| $6.42M | ﹤0.01% |
166,608
-4,066
| -2% | -$167K |
|
2309
Grupo Aeroportuario del Sureste
ASR
$8.27B
| $6.41M | ﹤0.01% |
68,030
-20,660
| -23% | -$3.49M |
|
2310
Liquidity Services
LQDT
$1.22B
| $6.37M | ﹤0.01% |
1,640,924
-1,342
| -0.1% | -$6.39K |
|
2311
Liberty Global Class C
LBTYK
$3.53B
| $6.35M | ﹤0.01% |
404,294
| – | – |
|
|
RCM
2312
DELISTED
R1 RCM Inc. Common Stock
RCM
| $6.32M | ﹤0.01% |
695,332
+219,819
| +46% | +$2.64M |
|
|
FBMS
2313
DELISTED
The First Bancshares, Inc.
FBMS
| $6.31M | ﹤0.01% |
331,019
+48,671
| +17% | +$1.46M |
|
|
GHL
2314
DELISTED
Greenhill & Co., Inc.
GHL
| $6.27M | ﹤0.01% |
637,551
-92,004
| -13% | -$1.35M |
|
|
VEDL
2315
DELISTED
Vedanta Limited American Depostary Shares (Each representing four equity shares)
VEDL
| $6.27M | ﹤0.01% |
1,766,341
-307,448
| -15% | -$2.13M |
|
2316
Mistras Group
MG
$484M
| $6.27M | ﹤0.01% |
1,471,744
+12,632
| +0.9% | +$115K |
|
|
ALTR
2317
DELISTED
Altair Engineering Inc
ALTR
| $6.26M | ﹤0.01% |
236,148
+35,343
| +18% | +$1.21M |
|
|
FRGI
2318
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $6.24M | ﹤0.01% |
1,548,687
-100,118
| -6% | -$875K |
|
2319
Orion Group Holdings
ORN
$396M
| $6.23M | ﹤0.01% |
2,397,138
+39,846
| +2% | +$159K |
|
|
TLRA
2320
DELISTED
Telaria, Inc.
TLRA
| $6.22M | ﹤0.01% |
1,036,970
| – | – |
|
2321
Culp Inc
CULP
$44.1M
| $6.21M | ﹤0.01% |
843,703
+10,132
| +1% | +$109K |
|
|
SEI
2322
Solaris Energy Infrastructure
SEI
$3.15B
| $6.21M | ﹤0.01% |
1,182,727
+91,218
| +8% | +$957K |
|
|
IHC
2323
DELISTED
Independence Holding Company
IHC
| $6.18M | ﹤0.01% |
241,665
+1,148
| +0.5% | +$42.9K |
|
|
BVH
2324
DELISTED
Bluegreen Vacations Holding Corporation
BVH
| $6.17M | ﹤0.01% |
534,210
+363
| +0.1% | +$6.17K |
|
2325
Quad
QUAD
$536M
| $6.16M | ﹤0.01% |
2,445,467
+3,563
| +0.1% | +$15.7K |
|
Similar funds
Dimensional Fund Advisors's Q1 2020 Portfolio in Review
As of Q1 2020, Dimensional Fund Advisors held 3,447 positions worth $192B, down 30% from $274B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Trading was light in Q1 2020: portfolio turnover was 4.1%. Dimensional Fund Advisors opened 68 new positions and exited 73, leaving the 3,447-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 19% a quarter earlier, followed by Technology and Industrials.
- Dimensional Fund Advisors's largest Q1 2020 buy was Natura &Co Holding S.A. American Depositary Shares (each representing two Common Shares): 2,843,834 shares worth $28M.
- Dimensional Fund Advisors added most to Alibaba in Q1 2020, an estimated $179M increase.
- Dimensional Fund Advisors's biggest Q1 2020 reduction was Intel, cutting an estimated $322M.
- Dimensional Fund Advisors fully exited Aircastle Ltd in Q1 2020, selling an estimated $206M.
- Dimensional Fund Advisors's ten largest holdings make up 12% of its $192B portfolio in Q1 2020.
- Dimensional Fund Advisors opened 68 new positions and closed 73 in Q1 2020.
- Dimensional Fund Advisors's portfolio value fell 30% quarter-over-quarter to $192B.
Based on Dimensional Fund Advisors's 13F filing for Q1 2020, filed 14 May 2020.