Dimensional Fund Advisors’ Major Holdings in Q3

Rabindra Samanta - Author

Nov. 20 2020, Updated 3:59 p.m. ET

On Tuesday, Dimensional Fund Advisors filed its 13F. According to the filing, at the end of the third quarter, the total market value of publicly traded securities in the investment company’s portfolio is around $257.34 billion. At the end of the second quarter, the figure was around $257.54 billion. At the end of the third quarter of 2018, the total securities value in the portfolio was $262.7 billion.

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Top buys

Dimensional Fund Advisors’ top buys are Apple (AAPL), AT&T (T), Microsoft (MSFT), L3Harris Technologies (LHX), and Verizon Communications (VZ). The company increased its holdings in the stocks by 0.24, 0.15, 0.08, 0.07, and 0.06 percentage points, respectively, at the end of the last quarter.

The company also included The Blackstone Group (BX), Essential Properties Realty Trust (EPRT), and Mobile TeleSystems (MBT) in its portfolio.

Similarly, AT&T could be among Elliott Management’s top holdings at the end of the third quarter. Fund manager Paul Singer’s Elliott Management bought a $3.2 billion stake in AT&T in the last quarter. Last year, Elliott Management filed the 13F for the third quarter of 2018 on November 14. Read Paul Singer Hedges His Portfolio against a Recession to learn more about Elliott Management’s holdings in the second quarter.

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Top holdings

At the end of the third quarter, Dimensional Fund Advisors’ top five holdings were Apple, Microsoft, AT&T, JPMorgan Chase (JPM), and Intel (INTC). These five stocks accounted for 1.6, 1.22, 1.16, 1.06, and 1.01 percentage points, respectively, of the company’s total portfolio of publicly traded securities.

Since the end of the second quarter of 2018, Apple has been the hedge fund’s top holding. Similarly, Apple was Berkshire Hathaway’s top holding at the end of the second quarter. On November 14, 2018, Berkshire Hathaway filed its 13F for the third quarter of 2018.

On a year-to-date basis, Apple’s stock prices have risen 66.1% as of Tuesday. The stock outperformed the S&P 500 Index by 42.8 percentage points. Read Apple AR Glasses Launch May Be Pushed to 2023 to learn more about the company’s recent developments.

The top ten holdings accounted for around 10.1% of Dimensional Fund Advisors’ portfolio. Interestingly, ExxonMobil (XOM) is among the hedge fund’s top ten holdings despite lower prices for energy commodities. However, Dimensional Fund Advisors sold around 0.225 million ExxonMobil stocks at the end of the last quarter. In the past three quarters, the hedge fund reduced its holdings in ExxonMobil stock.

Dimensional Fund Advisors’ sector-wise look

Around 19.7% of Dimensional Fund Advisors’ total publicly trade securities belong to the financial sector. IT stocks are the second biggest constituents in the portfolio with a holding of 13.9%. The Financial Select Sector SPDR ETF (XLF), which tracks the US financial sector, has risen 25.1% on a year-to-date basis as of Tuesday. During this period, the Technology Select Sector SPDR ETF (XLK), which tracks large-capped technology stocks, has risen 39.5%. Energy stocks accounted for 3.5% of the Dimensional Fund Advisors’ portfolio. So far this year, the Energy Select Sector SPDR ETF (XLE) has underperformed all of the sector-specific SPDR ETFs like the Utilities Select Sector SPDR ETF (XLU), the Consumer Staples Select Sector SPDR ETF (XLP), and others.


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