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 | |
|---|---|---|---|---|---|---|
1951
FreightCar America
RAIL
$243M
| $13M | 0.01% |
489,684
+20,119
| +4% | +$471K |
|
|
DLLR
1952
DELISTED
DFC GLOBAL CORP COM STK (DE)
DLLR
| $13M | 0.01% |
1,137,923
+83,992
| +8% | +$955K |
|
|
CZR
1953
DELISTED
Caesars Entertainment Corporation
CZR
| $13M | 0.01% |
604,787
+334,677
| +124% | +$6.53M |
|
|
HSII
1954
DELISTED
Heidrick & Struggles
HSII
| $13M | 0.01% |
645,374
+22,725
| +4% | +$420K |
|
|
IHC
1955
DELISTED
Independence Holding Company
IHC
| $13M | 0.01% |
962,559
-1,030
| -0.1% | -$13.9K |
|
1956
IDT Corp
IDT
$1.72B
| $13M | 0.01% |
1,028,136
+22,619
| +2% | +$319K |
|
|
XRTX
1957
DELISTED
XYRATEX LTD (BERMUDA)
XRTX
| $13M | 0.01% |
975,327
+56,181
| +6% | +$601K |
|
1958
Broadridge
BR
$18.7B
| $13M | 0.01% |
327,904
+41,317
| +14% | +$1.49M |
|
1959
IPG Photonics
IPGP
$3.24B
| $13M | 0.01% |
166,952
+5,045
| +3% | +$343K |
|
|
SRCL
1960
DELISTED
Stericycle Inc
SRCL
| $13M | 0.01% |
111,494
+2,875
| +3% | +$335K |
|
1961
Towne Bank
TOWN
$3.43B
| $12.9M | 0.01% |
841,197
+630
| +0.1% | +$9.38K |
|
|
DRC
1962
DELISTED
DRESSER-RAND GROUP INC
DRC
| $12.9M | 0.01% |
215,803
+6,402
| +3% | +$380K |
|
1963
Urban One Class D
UONEK
$19.6M
| $12.9M | 0.01% |
339,120
| – | – |
|
|
SHOR
1964
DELISTED
ShoreTel, Inc.
SHOR
| $12.8M | 0.01% |
1,384,630
+117,984
| +9% | +$890K |
|
1965
First Bancorp
FBP
$4.2B
| $12.8M | 0.01% |
2,074,837
+264,165
| +15% | +$1.51M |
|
|
WAIR
1966
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $12.8M | 0.01% |
585,648
+212,061
| +57% | +$4.23M |
|
|
BNCL
1967
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $12.8M | 0.01% |
1,292,656
+24,535
| +2% | +$228K |
|
1968
Citizens
CIA
$176M
| $12.8M | 0.01% |
1,462,682
+14,362
| +1% | +$124K |
|
1969
Guidewire Software
GWRE
$11.9B
| $12.8M | 0.01% |
260,387
+578
| +0.2% | +$27.3K |
|
|
HOME
1970
DELISTED
HOME FED BANCORP INC COM STK NEW (MD)
HOME
| $12.8M | 0.01% |
856,548
-200
| -0% | -$2.9K |
|
1971
WSFS Financial
WSFS
$4.05B
| $12.7M | 0.01% |
493,260
+36,648
| +8% | +$856K |
|
|
MNI
1972
DELISTED
The McClatchy Company Class A Common Stock
MNI
| $12.7M | 0.01% |
374,389
-19,783
| -5% | -$601K |
|
|
FRC
1973
DELISTED
First Republic Bank
FRC
| $12.7M | 0.01% |
242,690
+44,453
| +22% | +$2.23M |
|
1974
Arthur J. Gallagher & Co
AJG
$61.9B
| $12.7M | 0.01% |
270,388
+898
| +0.3% | +$41.7K |
|
1975
MIND Technology
MIND
$37.8M
| $12.7M | 0.01% |
71,617
+414
| +0.6% | +$68K |
|
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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.