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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$137M |
| 2 |
Pfizer
PFE
|
+$114M |
| 3 |
JPMorgan Chase
JPM
|
+$107M |
| 4 |
ExxonMobil
XOM
|
+$93.3M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$86.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FON
SPRINT CORP FON COM
FON
|
+$201M |
| 2 |
NWSA
NEWS CORPORATION CL-A
NWSA
|
+$182M |
| 3 |
Zoetis
ZTS
|
+$104M |
| 4 |
Goldman Sachs
GS
|
+$79.1M |
| 5 |
BKI
BUCKEYE TECHNOLOGY INC
BKI
|
+$74.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.97% |
| 2 | Industrials | 13.23% |
| 3 | Energy | 11.07% |
| 4 | Technology | 9.34% |
| 5 | Consumer Discretionary | 8.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CVG
101
DELISTED
Convergys
CVG
| $171M | 0.15% |
9,097,762
-37,497
| -0.4% | -$702K |
|
|
RDS.A
102
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $170M | 0.15% |
2,591,722
+920,746
| +55% | +$60.3M |
|
103
Boston Scientific
BSX
$67.6B
| $170M | 0.15% |
14,469,521
+131,315
| +0.9% | +$1.42M |
|
104
Upbound Group
UPBD
$1.2B
| $169M | 0.15% |
4,438,756
+201,817
| +5% | +$7.78M |
|
105
ICICI Bank
IBN
$107B
| $166M | 0.14% |
30,018,566
-2,718,061
| -8% | -$16M |
|
106
Live Nation Entertainment
LYV
$41.7B
| $166M | 0.14% |
8,932,441
+11,844
| +0.1% | +$201K |
|
107
International Paper
IP
$22.5B
| $166M | 0.14% |
3,955,784
-299,508
| -7% | -$13.3M |
|
108
Micron Technology
MU
$1.02T
| $165M | 0.14% |
9,422,178
+170,412
| +2% | +$2.47M |
|
|
SUSQ
109
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $165M | 0.14% |
13,111,726
+326,909
| +3% | +$4.31M |
|
110
Louisiana-Pacific
LPX
$5.19B
| $156M | 0.13% |
8,863,760
-1,174,697
| -12% | -$19.4M |
|
111
Walmart Inc
WMT
$889B
| $155M | 0.13% |
6,285,927
-227,730
| -3% | -$5.74M |
|
112
Novartis
NVS
$297B
| $154M | 0.13% |
2,245,163
+1,897
| +0.1% | +$126K |
|
113
Vornado Realty Trust
VNO
$7.43B
| $154M | 0.13% |
2,497,709
+116,710
| +5% | +$7.23M |
|
|
STI
114
DELISTED
SunTrust Banks, Inc.
STI
| $153M | 0.13% |
4,717,503
+56,169
| +1% | +$1.9M |
|
115
Loews
L
$24.4B
| $153M | 0.13% |
3,267,440
+12,152
| +0.4% | +$559K |
|
116
Archrock
AROC
$6.26B
| $151M | 0.13% |
5,473,056
+24,720
| +0.5% | +$724K |
|
117
Dillards
DDS
$8.96B
| $150M | 0.13% |
1,919,396
-283,128
| -13% | -$22.9M |
|
118
Corning
GLW
$123B
| $150M | 0.13% |
10,292,297
+417,387
| +4% | +$6.18M |
|
|
CAB
119
DELISTED
Cabela's Inc
CAB
| $149M | 0.13% |
2,364,587
-74,486
| -3% | -$4.97M |
|
120
JetBlue
JBLU
$2.02B
| $148M | 0.13% |
22,297,072
-49,262
| -0.2% | -$318K |
|
121
Visa
V
$689B
| $148M | 0.13% |
3,097,740
-110,240
| -3% | -$5.09M |
|
|
UMPQ
122
DELISTED
Umpqua Holdings Corp
UMPQ
| $148M | 0.13% |
9,111,821
+288,689
| +3% | +$4.76M |
|
123
Penske Automotive Group
PAG
$14.2B
| $147M | 0.13% |
3,430,616
-43,047
| -1% | -$1.65M |
|
|
PTP
124
DELISTED
PLATINUM UNDERWRITERS HLDGS LTD
PTP
| $146M | 0.13% |
2,452,257
+89,219
| +4% | +$5.23M |
|
125
Coca-Cola
KO
$362B
| $146M | 0.13% |
3,863,902
+65,536
| +2% | +$2.59M |
|
Similar funds
Dimensional Fund Advisors's Q3 2013 Portfolio in Review
As of Q3 2013, Dimensional Fund Advisors held 3,633 positions worth $116B, up 8.8% from $106B the previous quarter. Its ten largest holdings account for 8.5% of the portfolio.
Trading was light in Q3 2013: portfolio turnover was 2.7%. Dimensional Fund Advisors opened 48 new positions and exited 50, leaving the 3,633-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 19% a quarter earlier, followed by Industrials and Energy.
- Dimensional Fund Advisors's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 4,364,241 shares worth $146M.
- Dimensional Fund Advisors added most to Pfizer in Q3 2013, an estimated $114M increase.
- Dimensional Fund Advisors's biggest Q3 2013 reduction was Zoetis, cutting an estimated $104M.
- Dimensional Fund Advisors fully exited SPRINT CORP FON COM in Q3 2013, selling an estimated $201M.
- Dimensional Fund Advisors's ten largest holdings make up 8.5% of its $116B portfolio in Q3 2013.
- Dimensional Fund Advisors opened 48 new positions and closed 50 in Q3 2013.
- Dimensional Fund Advisors's portfolio value rose 8.8% quarter-over-quarter to $116B.
Based on Dimensional Fund Advisors's 13F filing for Q3 2013, filed 13 Nov 2013.