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 |
ESRX
Express Scripts Holding Company
ESRX
|
+$124M |
| 2 |
Chevron
CVX
|
+$76.2M |
| 3 |
Ambev
ABEV
|
+$75.7M |
| 4 |
Freeport-McMoran
FCX
|
+$70.6M |
| 5 |
APA Corp
APA
|
+$60.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Aerospace
GE
|
+$324M |
| 2 |
SFD
SMITHFIELD FOODS,INC
SFD
|
+$117M |
| 3 |
BZ
BOISE INC COM STK (DE)
BZ
|
+$108M |
| 4 |
STEI
STEWART ENTERPRISES INC CL-A
STEI
|
+$88.5M |
| 5 |
SKS
SAKS INCORPORATED
SKS
|
+$78.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.18% |
| 2 | Industrials | 13.92% |
| 3 | Energy | 11.83% |
| 4 | Technology | 10.43% |
| 5 | Consumer Discretionary | 9.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TESS
1701
DELISTED
Tessco Technologies Inc
TESS
| $17.2M | 0.01% |
425,841
+2,004
| +0.5% | +$75K |
|
|
AOI
1702
DELISTED
Alliance One International
AOI
| $17.2M | 0.01% |
562,881
+928
| +0.2% | +$27.8K |
|
|
EVRI
1703
DELISTED
Everi Holdings
EVRI
| $17.1M | 0.01% |
1,716,548
+84,334
| +5% | +$742K |
|
1704
Carpenter Technology
CRS
$20.2B
| $17.1M | 0.01% |
274,814
+50,911
| +23% | +$3.08M |
|
1705
Brunswick
BC
$4.4B
| $17M | 0.01% |
369,763
-40,453
| -10% | -$1.8M |
|
|
ELME
1706
Elme Communities
ELME
$147M
| $17M | 0.01% |
726,656
+25,665
| +4% | +$634K |
|
|
SNCR
1707
DELISTED
Synchronoss Technologies
SNCR
| $17M | 0.01% |
60,700
+7,257
| +14% | +$2.2M |
|
1708
FMC
FMC
$1.28B
| $17M | 0.01% |
259,350
+7,209
| +3% | +$457K |
|
1709
Edison International
EIX
$21.4B
| $17M | 0.01% |
366,551
+29,236
| +9% | +$1.38M |
|
|
CNSL
1710
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $16.9M | 0.01% |
863,288
-6,362
| -0.7% | -$119K |
|
1711
MSCI
MSCI
$39.9B
| $16.9M | 0.01% |
387,198
+39,938
| +12% | +$1.68M |
|
1712
America's Car Mart
CRMT
$14.8M
| $16.9M | 0.01% |
400,173
+2,827
| +0.7% | +$122K |
|
|
AREX
1713
DELISTED
Approach Resources Inc.
AREX
| $16.9M | 0.01% |
875,068
-20,608
| -2% | -$506K |
|
|
COWN
1714
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $16.8M | 0.01% |
1,072,474
+129,896
| +14% | +$1.99M |
|
1715
Sabesp
SBS
$18.6B
| $16.7M | 0.01% |
7,591,484
-6,188
| -0.1% | -$12.7K |
|
|
TW
1716
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
| $16.7M | 0.01% |
130,760
-86
| -0.1% | -$10K |
|
1717
Banco Santander Chile
BSAC
$16.2B
| $16.7M | 0.01% |
707,709
+54,708
| +8% | +$1.3M |
|
|
EQY
1718
DELISTED
Equity One
EQY
| $16.7M | 0.01% |
743,109
+6,358
| +0.9% | +$145K |
|
1719
American Vanguard Corp
AVD
$64.3M
| $16.7M | 0.01% |
686,341
+27,213
| +4% | +$734K |
|
1720
TSMC
TSM
$2.23T
| $16.7M | 0.01% |
955,529
+133,846
| +16% | +$2.38M |
|
1721
Microchip Technology
MCHP
$38.5B
| $16.7M | 0.01% |
744,864
+28,746
| +4% | +$603K |
|
|
GSH
1722
DELISTED
Guangshen Railway Co. Ltd
GSH
| $16.6M | 0.01% |
719,384
-971
| -0.1% | -$24.6K |
|
1723
Vertex Pharmaceuticals
VRTX
$131B
| $16.6M | 0.01% |
223,643
+16,274
| +8% | +$1.13M |
|
1724
Daktronics
DAKT
$839M
| $16.6M | 0.01% |
1,059,223
+33,902
| +3% | +$451K |
|
1725
TripAdvisor
TRIP
$1.04B
| $16.6M | 0.01% |
200,078
+8,127
| +4% | +$665K |
|
Similar funds
Dimensional Fund Advisors's Q4 2013 Portfolio in Review
As of Q4 2013, Dimensional Fund Advisors held 3,623 positions worth $128B, up 11% from $116B the previous quarter. Its ten largest holdings account for 8.3% of the portfolio.
Trading was light in Q4 2013: portfolio turnover was 3.4%. Dimensional Fund Advisors opened 41 new positions and exited 82, leaving the 3,623-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 20% a quarter earlier, followed by Industrials and Energy.
- Dimensional Fund Advisors's largest Q4 2013 buy was Ambev: 10,360,938 shares worth $76.2M.
- Dimensional Fund Advisors added most to Express Scripts Holding Company in Q4 2013, an estimated $124M increase.
- Dimensional Fund Advisors's biggest Q4 2013 reduction was GE Aerospace, cutting an estimated $324M.
- Dimensional Fund Advisors fully exited SMITHFIELD FOODS,INC in Q4 2013, selling an estimated $117M.
- Dimensional Fund Advisors's ten largest holdings make up 8.3% of its $128B portfolio in Q4 2013.
- Dimensional Fund Advisors opened 41 new positions and closed 82 in Q4 2013.
- Dimensional Fund Advisors's portfolio value rose 11% quarter-over-quarter to $128B.
Based on Dimensional Fund Advisors's 13F filing for Q4 2013, filed 12 Feb 2014.