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 | |
|---|---|---|---|---|---|---|
126
Devon Energy
DVN
$49.8B
| $146M | 0.13% |
2,532,649
+223,721
| +10% | +$12.8M |
|
127
GameStop
GME
$9.66B
| $146M | 0.13% |
11,781,012
-54,832
| -0.5% | -$655K |
|
|
TFCFA
128
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $146M | 0.13% |
+4,364,241
| New | +$137M |
|
129
Wendy's
WEN
$1.39B
| $146M | 0.13% |
17,198,178
+558,419
| +3% | +$4.19M |
|
130
Host Hotels & Resorts
HST
$17.1B
| $146M | 0.13% |
8,241,199
+444,393
| +6% | +$7.88M |
|
131
Shinhan Financial Group
SHG
$33.6B
| $143M | 0.12% |
3,538,112
-13,753
| -0.4% | -$509K |
|
132
Vishay Intertechnology
VSH
$5.7B
| $143M | 0.12% |
11,112,156
+206,792
| +2% | +$2.82M |
|
133
Lumen
LUMN
$6.45B
| $143M | 0.12% |
4,543,492
-1,540
| -0% | -$52.4K |
|
|
OCR
134
DELISTED
OMNICARE INC
OCR
| $143M | 0.12% |
2,569,074
+6,778
| +0.3% | +$362K |
|
135
Hanover Insurance
THG
$7.68B
| $142M | 0.12% |
2,559,970
+223,722
| +10% | +$11.9M |
|
136
Humana
HUM
$45.8B
| $141M | 0.12% |
1,508,747
+39,015
| +3% | +$3.58M |
|
137
Hartford Financial Services
HIG
$38.4B
| $141M | 0.12% |
4,524,442
+65,100
| +1% | +$2.03M |
|
138
Kemper
KMPR
$1.73B
| $139M | 0.12% |
4,136,846
+67,141
| +2% | +$2.34M |
|
|
139
Zoetis
ZTS
$32.2B
| $138M | 0.12% |
4,440,075
-3,392,808
| -43% | -$104M |
|
140
Philip Morris
PM
$305B
| $138M | 0.12% |
1,593,960
+28,015
| +2% | +$2.45M |
|
141
SLB Ltd
SLB
$76.5B
| $138M | 0.12% |
1,558,895
+31,732
| +2% | +$2.61M |
|
|
CSE
142
DELISTED
CAPITALSOURCE INC
CSE
| $137M | 0.12% |
11,528,534
-65,675
| -0.6% | -$743K |
|
143
Carnival Corporation Ltd
CCL
$37.1B
| $137M | 0.12% |
4,191,519
-35,554
| -0.8% | -$1.29M |
|
144
Webster Financial
WBS
$12.5B
| $136M | 0.12% |
5,339,389
+117,108
| +2% | +$3.12M |
|
145
Mohawk Industries
MHK
$7.05B
| $136M | 0.12% |
1,045,657
-295,833
| -22% | -$36.1M |
|
|
BHI
146
DELISTED
Baker Hughes
BHI
| $136M | 0.12% |
2,768,116
+467,102
| +20% | +$22.5M |
|
147
CACI
CACI
$11B
| $135M | 0.12% |
1,953,197
+17,457
| +0.9% | +$1.17M |
|
|
QVCGA
148
DELISTED
QVC Group Inc Series A
QVCGA
| $135M | 0.12% |
139,593
+1,245
| +0.9% | +$1.21M |
|
149
Lincoln National
LNC
$7.88B
| $134M | 0.12% |
3,186,748
+20,816
| +0.7% | +$879K |
|
150
Western Digital
WDC
$172B
| $133M | 0.12% |
2,781,309
+53,210
| +2% | +$2.63M |
|
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.