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 | 21.29% |
| 2 | Industrials | 13.97% |
| 3 | Technology | 12.97% |
| 4 | Consumer Discretionary | 9.85% |
| 5 | Energy | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SP
1951
DELISTED
SP Plus Corporation
SP
| $20.7M | 0.01% |
734,730
+57,337
| +8% | +$1.52M |
|
|
BSMX
1952
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
| $20.7M | 0.01% |
2,874,981
-69,509
| -2% | -$559K |
|
1953
CEVA Inc
CEVA
$827M
| $20.6M | 0.01% |
615,477
-23,108
| -4% | -$738K |
|
|
NATI
1954
DELISTED
National Instruments Corp
NATI
| $20.6M | 0.01% |
669,381
+27,388
| +4% | +$798K |
|
1955
Pinnacle West Capital
PNW
$11.6B
| $20.6M | 0.01% |
264,128
+4,312
| +2% | +$323K |
|
1956
Artisan Partners
APAM
$2.61B
| $20.6M | 0.01% |
691,080
+15,309
| +2% | +$437K |
|
1957
Winmark
WINA
$1.07B
| $20.6M | 0.01% |
162,924
-3,824
| -2% | -$433K |
|
1958
National Fuel Gas
NFG
$7.68B
| $20.5M | 0.01% |
362,575
+10,905
| +3% | +$597K |
|
|
EXAC
1959
DELISTED
Exactech Inc
EXAC
| $20.5M | 0.01% |
751,750
+29,515
| +4% | +$780K |
|
1960
Axalta
AXTA
$7.03B
| $20.5M | 0.01% |
754,236
+44,711
| +6% | +$1.18M |
|
1961
Trip.com Group
TCOM
$25.5B
| $20.5M | 0.01% |
+512,376
| New | +$22.4M |
|
|
DFRG
1962
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $20.5M | 0.01% |
1,205,104
+76,125
| +7% | +$1.19M |
|
1963
Tootsie Roll Industries
TR
$2.83B
| $20.5M | 0.01% |
692,585
-943
| -0.1% | -$26.3K |
|
1964
AES
AES
$10.6B
| $20.5M | 0.01% |
1,760,483
+23,278
| +1% | +$273K |
|
1965
SPX Corp
SPXC
$9.02B
| $20.5M | 0.01% |
862,376
-11,098
| -1% | -$243K |
|
1966
Arista Networks
ANET
$254B
| $20.4M | 0.01% |
3,380,320
-179,872
| -5% | -$1.01M |
|
|
OCLR
1967
DELISTED
Oclaro Inc.
OCLR
| $20.4M | 0.01% |
2,284,301
+697,014
| +44% | +$6.02M |
|
1968
Rollins
ROL
$15.9B
| $20.4M | 0.01% |
1,358,874
+749
| +0.1% | +$10.4K |
|
|
XCRA
1969
DELISTED
Xcerra Corporation
XCRA
| $20.4M | 0.01% |
2,669,681
+104,217
| +4% | +$672K |
|
|
DTLK
1970
DELISTED
Datalink Corp
DTLK
| $20.4M | 0.01% |
1,810,064
-108,166
| -6% | -$1.17M |
|
1971
LivaNova
LIVN
$4.32B
| $20.3M | 0.01% |
452,306
+3,730
| +0.8% | +$183K |
|
1972
Novanta
NOVT
$5.1B
| $20.2M | 0.01% |
961,635
+44,522
| +5% | +$848K |
|
1973
Acadia Healthcare
ACHC
$2.67B
| $20.2M | 0.01% |
609,118
+8,635
| +1% | +$335K |
|
1974
World Acceptance Corp
WRLD
$862M
| $20.2M | 0.01% |
313,592
-4,784
| -2% | -$268K |
|
|
MEET
1975
DELISTED
The Meet Group, Inc. Common Stock
MEET
| $20M | 0.01% |
4,065,345
+1,167,798
| +40% | +$6.03M |
|
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 19% 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.