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 | |
|---|---|---|---|---|---|---|
126
Mastercard
MA
$487B
| $233M | 0.12% |
2,257,977
+75,884
| +3% | +$7.86M |
|
127
American Express
AXP
$226B
| $233M | 0.12% |
3,141,097
-146,632
| -4% | -$10.2M |
|
128
CNO Financial Group
CNO
$4.96B
| $233M | 0.12% |
12,148,100
-247,606
| -2% | -$4.26M |
|
129
Hartford Financial Services
HIG
$38.4B
| $232M | 0.12% |
4,873,318
+96,701
| +2% | +$4.43M |
|
130
EOG Resources
EOG
$74.7B
| $232M | 0.12% |
2,290,001
-725,487
| -24% | -$70.6M |
|
131
United Airlines
UAL
$39.1B
| $232M | 0.12% |
3,176,413
+487,952
| +18% | +$31.1M |
|
132
Arrow Electronics
ARW
$10.9B
| $231M | 0.12% |
3,245,804
+36,451
| +1% | +$2.41M |
|
133
AbbVie
ABBV
$454B
| $230M | 0.11% |
3,669,661
+182,152
| +5% | +$11.1M |
|
134
Sanmina
SANM
$11.2B
| $229M | 0.11% |
6,246,462
-23,551
| -0.4% | -$745K |
|
135
Philip Morris
PM
$305B
| $228M | 0.11% |
2,492,554
+15,442
| +0.6% | +$1.43M |
|
136
Lumen
LUMN
$6.45B
| $223M | 0.11% |
9,390,568
-156,601
| -2% | -$3.98M |
|
|
ESL
137
DELISTED
Esterline Technologies
ESL
| $223M | 0.11% |
2,502,314
+13,658
| +0.5% | +$1.12M |
|
138
Fidelity National Information Services
FIS
$22.3B
| $222M | 0.11% |
2,933,881
-2,152
| -0.1% | -$164K |
|
139
International Paper
IP
$22.5B
| $222M | 0.11% |
4,416,852
-1,335,687
| -23% | -$61.8M |
|
140
Gilead Sciences
GILD
$162B
| $221M | 0.11% |
3,090,075
+31,819
| +1% | +$2.37M |
|
|
WPX
141
DELISTED
WPX Energy, Inc.
WPX
| $220M | 0.11% |
15,100,481
-2,871,743
| -16% | -$38M |
|
142
Kraft Heinz
KHC
$31.1B
| $220M | 0.11% |
2,517,888
+355,546
| +16% | +$30.4M |
|
143
Cemex
CX
$17.6B
| $218M | 0.11% |
28,300,426
-1,091,558
| -4% | -$8.68M |
|
144
HP
HPQ
$24.3B
| $217M | 0.11% |
14,648,047
-186,041
| -1% | -$2.82M |
|
145
Post Holdings
POST
$4.14B
| $217M | 0.11% |
4,131,651
-891,091
| -18% | -$45M |
|
146
Truist Financial
TFC
$63.7B
| $216M | 0.11% |
4,588,585
+327,849
| +8% | +$13.9M |
|
|
WCC
147
WESCO International
WCC
$16.5B
| $215M | 0.11% |
3,236,603
+301,244
| +10% | +$19.1M |
|
148
Royal Caribbean
RCL
$81.8B
| $215M | 0.11% |
2,621,388
+107,977
| +4% | +$8.5M |
|
149
Newmont
NEM
$98.5B
| $215M | 0.11% |
6,295,630
-316,917
| -5% | -$10.8M |
|
150
GATX Corp
GATX
$6.52B
| $214M | 0.11% |
3,478,417
-49,755
| -1% | -$2.58M |
|
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.