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 | |
|---|---|---|---|---|---|---|
151
Commercial Metals
CMC
$7.53B
| $212M | 0.11% |
9,720,095
-111,562
| -1% | -$2.19M |
|
152
Principal Financial Group
PFG
$24B
| $211M | 0.11% |
3,650,340
+17,769
| +0.5% | +$996K |
|
153
Chubb
CB
$139B
| $211M | 0.11% |
1,594,110
+62,824
| +4% | +$8.01M |
|
|
PDCE
154
DELISTED
PDC Energy, Inc.
PDCE
| $209M | 0.1% |
2,884,018
-314,562
| -10% | -$21.6M |
|
155
Honeywell
HON
$77.9B
| $208M | 0.1% |
1,990,310
+144,822
| +8% | +$14.7M |
|
156
Digital Realty Trust
DLR
$72.4B
| $207M | 0.1% |
2,103,573
+102,462
| +5% | +$9.52M |
|
157
Reinsurance Group of America
RGA
$15.7B
| $206M | 0.1% |
1,639,955
-105,855
| -6% | -$12.4M |
|
|
UFS
158
DELISTED
DOMTAR CORPORATION (New)
UFS
| $206M | 0.1% |
5,285,731
-12,173
| -0.2% | -$463K |
|
159
Selective Insurance
SIGI
$5.53B
| $206M | 0.1% |
4,785,664
+101,994
| +2% | +$4.11M |
|
160
Essex Property Trust
ESS
$18.7B
| $206M | 0.1% |
884,372
+6,428
| +0.7% | +$1.39M |
|
161
Avnet
AVT
$7.25B
| $205M | 0.1% |
4,308,820
+4,634
| +0.1% | +$207K |
|
162
MasTec
MTZ
$26.6B
| $205M | 0.1% |
5,363,249
-253,803
| -5% | -$8.61M |
|
163
Zions Bancorporation
ZION
$10B
| $205M | 0.1% |
4,752,483
-659,070
| -12% | -$24.3M |
|
164
Boeing
BA
$167B
| $204M | 0.1% |
1,311,636
+27,447
| +2% | +$4.01M |
|
165
Allstate
ALL
$67.3B
| $204M | 0.1% |
2,749,155
-97,313
| -3% | -$6.85M |
|
166
FNB Corp
FNB
$6.71B
| $203M | 0.1% |
12,687,510
+605,647
| +5% | +$8.63M |
|
167
Helmerich & Payne
HP
$3.36B
| $202M | 0.1% |
2,610,311
-490,006
| -16% | -$34.8M |
|
168
Western Digital
WDC
$172B
| $202M | 0.1% |
3,930,719
+632,313
| +19% | +$29.2M |
|
169
CME Group
CME
$91.8B
| $201M | 0.1% |
1,745,026
-205,275
| -11% | -$22.8M |
|
|
CHL
170
DELISTED
China Mobile Limited
CHL
| $200M | 0.1% |
3,819,794
+78,699
| +2% | +$4.42M |
|
171
Northrop Grumman
NOC
$77.8B
| $200M | 0.1% |
859,621
-182,586
| -18% | -$42.5M |
|
|
CVG
172
DELISTED
Convergys
CVG
| $199M | 0.1% |
8,097,955
+28,402
| +0.4% | +$764K |
|
173
J.M. Smucker
SJM
$12.9B
| $199M | 0.1% |
1,550,836
+54,290
| +4% | +$7.04M |
|
174
Fomento Económico Mexicano
FMX
$45B
| $198M | 0.1% |
2,603,106
-343,970
| -12% | -$29.5M |
|
175
Assurant
AIZ
$13.7B
| $198M | 0.1% |
2,134,715
+87,805
| +4% | +$7.67M |
|
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.