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 | |
|---|---|---|---|---|---|---|
151
Xerox
XRX
$357M
| $132M | 0.11% |
4,880,990
-38,725
| -0.8% | -$1.02M |
|
152
Fidelity National Information Services
FIS
$22.3B
| $131M | 0.11% |
2,813,234
+43,859
| +2% | +$1.99M |
|
153
Oracle
ORCL
$345B
| $128M | 0.11% |
3,867,989
-36,761
| -0.9% | -$1.19M |
|
154
Home Depot
HD
$335B
| $127M | 0.11% |
1,675,253
-42,368
| -2% | -$3.27M |
|
155
Seaboard Corp
SEB
$4.42B
| $127M | 0.11% |
46,219
+8
| +0% | +$22.4K |
|
|
WNR
156
DELISTED
Western Refining Inc
WNR
| $127M | 0.11% |
4,227,045
-491,664
| -10% | -$14.5M |
|
157
Constellation Brands
STZ
$22.2B
| $127M | 0.11% |
2,210,308
-448,913
| -17% | -$24.4M |
|
158
American Financial Group
AFG
$12B
| $126M | 0.11% |
2,339,330
+9,292
| +0.4% | +$486K |
|
159
PepsiCo
PEP
$191B
| $126M | 0.11% |
1,586,386
+23,968
| +2% | +$1.97M |
|
|
MRH
160
DELISTED
MONTPELIER RE HOLDINGS LTD
MRH
| $126M | 0.11% |
4,827,307
-29,284
| -0.6% | -$760K |
|
161
Sasol
SSL
$7.34B
| $124M | 0.11% |
2,603,398
+42,332
| +2% | +$1.97M |
|
162
Prestige Consumer Healthcare
PBH
$2.39B
| $124M | 0.11% |
4,120,151
+25,922
| +0.6% | +$848K |
|
163
Wintrust Financial
WTFC
$10.7B
| $124M | 0.11% |
3,018,558
+184,953
| +7% | +$7.52M |
|
|
PDCE
164
DELISTED
PDC Energy, Inc.
PDCE
| $124M | 0.11% |
2,082,147
-265,803
| -11% | -$15M |
|
165
Regions Financial
RF
$26.2B
| $124M | 0.11% |
13,360,674
+272,291
| +2% | +$2.67M |
|
|
DMC
166
Del Monte Corp
DMC
$1.36B
| $123M | 0.11% |
4,127,483
+89,800
| +2% | +$2.61M |
|
167
US Bancorp
USB
$98.9B
| $122M | 0.11% |
3,328,753
+29,098
| +0.9% | +$1.08M |
|
168
Reliance Steel & Aluminium
RS
$20.6B
| $121M | 0.1% |
1,645,163
+18,929
| +1% | +$1.32M |
|
169
Arrow Electronics
ARW
$10.9B
| $120M | 0.1% |
2,470,896
+16,179
| +0.7% | +$741K |
|
|
CKH
170
DELISTED
Seacor Holdings Inc.
CKH
| $120M | 0.1% |
1,370,481
+37,036
| +3% | +$3.11M |
|
|
MINI
171
DELISTED
Mobile Mini Inc
MINI
| $120M | 0.1% |
3,515,194
+75,643
| +2% | +$2.48M |
|
|
BGC
172
DELISTED
General Cable Corporation
BGC
| $120M | 0.1% |
3,770,820
+67,922
| +2% | +$2.13M |
|
173
Radian Group
RDN
$5.18B
| $120M | 0.1% |
8,578,868
-131,209
| -2% | -$1.75M |
|
174
Southwest Airlines
LUV
$22.2B
| $119M | 0.1% |
8,202,096
+52,761
| +0.6% | +$718K |
|
175
Stanley Black & Decker
SWK
$14.6B
| $119M | 0.1% |
1,315,544
+23,599
| +2% | +$2.02M |
|
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.