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 |
Walmart Inc
WMT
|
+$208M |
| 2 |
Alibaba
BABA
|
+$188M |
| 3 |
EVHC
Envision Healthcare Holdings Inc
EVHC
|
+$162M |
| 4 |
Abbott
ABT
|
+$122M |
| 5 |
Bank of America
BAC
|
+$122M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Aerospace
GE
|
+$217M |
| 2 |
AMSG
Amsurg Corp
AMSG
|
+$183M |
| 3 |
IM
Ingram Micro
IM
|
+$162M |
| 4 |
Union Pacific
UNP
|
+$148M |
| 5 |
LXK
Lexmark Intl Inc
LXK
|
+$143M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.55% |
| 2 | Industrials | 13.59% |
| 3 | Technology | 12.45% |
| 4 | Consumer Discretionary | 9.36% |
| 5 | Healthcare | 8.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Lincoln National
LNC
$8.15B
| $164M | 0.08% |
2,470,416
-7,988
| -0.3% | -$465K |
|
252
Oil States International
OIS
$485M
| $164M | 0.08% |
4,192,487
+208,486
| +5% | +$7.08M |
|
|
TCF
253
DELISTED
TCF Financial Corporation Common Stock
TCF
| $161M | 0.08% |
2,973,510
-98,974
| -3% | -$4.82M |
|
254
FTI Consulting
FCN
$5.03B
| $161M | 0.08% |
3,561,568
+5,055
| +0.1% | +$220K |
|
255
PBF Energy
PBF
$7.16B
| $160M | 0.08% |
5,744,973
+584,817
| +11% | +$14.3M |
|
256
Kohl's
KSS
$2.17B
| $160M | 0.08% |
3,242,467
+21,891
| +0.7% | +$1.08M |
|
257
Loews
L
$24.6B
| $160M | 0.08% |
3,415,224
+10,374
| +0.3% | +$455K |
|
258
Vale
VALE
$62.9B
| $159M | 0.08% |
20,929,880
-979,277
| -4% | -$7.17M |
|
|
BHI
259
DELISTED
Baker Hughes
BHI
| $159M | 0.08% |
2,452,456
+1,748
| +0.1% | +$104K |
|
260
Skywest
SKYW
$4.52B
| $159M | 0.08% |
4,366,613
-13,437
| -0.3% | -$450K |
|
|
PBCT
261
DELISTED
People's United Financial Inc
PBCT
| $159M | 0.08% |
8,205,288
-357,774
| -4% | -$6.32M |
|
262
AGCO
AGCO
$8.95B
| $159M | 0.08% |
2,744,493
+31,738
| +1% | +$1.71M |
|
263
Provident Financial Services
PFS
$3.15B
| $159M | 0.08% |
5,606,072
-13,356
| -0.2% | -$333K |
|
264
Penske Automotive Group
PAG
$14.3B
| $159M | 0.08% |
3,060,158
-129,368
| -4% | -$6.31M |
|
265
Costco
COST
$430B
| $158M | 0.08% |
988,944
+39,879
| +4% | +$6.09M |
|
|
YHOO
266
DELISTED
Yahoo Inc
YHOO
| $158M | 0.08% |
4,094,251
-18,690
| -0.5% | -$766K |
|
267
Regal Rexnord
RRX
$13.7B
| $158M | 0.08% |
2,285,582
+96,686
| +4% | +$6.4M |
|
268
Oshkosh
OSK
$9.48B
| $158M | 0.08% |
2,442,918
-314,654
| -11% | -$19.5M |
|
269
Sasol
SSL
$7.06B
| $157M | 0.08% |
5,507,056
-88,467
| -2% | -$2.43M |
|
270
MGM Resorts International
MGM
$11.8B
| $157M | 0.08% |
5,445,364
+98,488
| +2% | +$2.73M |
|
271
Assured Guaranty
AGO
$3.77B
| $157M | 0.08% |
4,151,787
+49,213
| +1% | +$1.65M |
|
272
POSCO
PKX
$15.6B
| $157M | 0.08% |
2,980,104
-119,805
| -4% | -$6.43M |
|
|
X
273
DELISTED
US Steel
X
| $156M | 0.08% |
4,710,071
+161,647
| +4% | +$4.32M |
|
274
Quanta Services
PWR
$88.4B
| $155M | 0.08% |
4,453,201
-66,150
| -1% | -$2.08M |
|
275
Darling Ingredients
DAR
$9.28B
| $155M | 0.08% |
11,968,166
+601,203
| +5% | +$8.15M |
|
Similar funds
Dimensional Fund Advisors's Q4 2016 Portfolio in Review
As of Q4 2016, Dimensional Fund Advisors held 3,363 positions worth $200B, up 8.2% from $185B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Trading was light in Q4 2016: portfolio turnover was 4.8%. Dimensional Fund Advisors opened 87 new positions and exited 74, leaving the 3,363-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 18% a quarter earlier, followed by Industrials and Technology.
- Dimensional Fund Advisors's largest Q4 2016 buy was Alibaba: 1,948,659 shares worth $171M.
- Dimensional Fund Advisors added most to Walmart Inc in Q4 2016, an estimated $208M increase.
- Dimensional Fund Advisors's biggest Q4 2016 reduction was GE Aerospace, cutting an estimated $217M.
- Dimensional Fund Advisors fully exited Amsurg Corp in Q4 2016, selling an estimated $183M.
- Dimensional Fund Advisors's ten largest holdings make up 9% of its $200B portfolio in Q4 2016.
- Dimensional Fund Advisors opened 87 new positions and closed 74 in Q4 2016.
- Dimensional Fund Advisors's portfolio value rose 8.2% quarter-over-quarter to $200B.
Based on Dimensional Fund Advisors's 13F filing for Q4 2016, filed 9 Feb 2017.