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 | |
|---|---|---|---|---|---|---|
1976
FRP Holdings
FRPH
$408M
| $12.7M | 0.01% |
610,562
+14,058
| +2% | +$266K |
|
1977
SBA Communications
SBAC
$19.2B
| $12.6M | 0.01% |
140,308
+2,410
| +2% | +$207K |
|
|
PSUN
1978
DELISTED
PACIFIC SUNWEAR OF CAL. INC
PSUN
| $12.6M | 0.01% |
3,773,206
-163,687
| -4% | -$479K |
|
1979
Great Southern Bancorp
GSBC
$865M
| $12.6M | 0.01% |
413,986
+6,781
| +2% | +$193K |
|
1980
AutoNation
AN
$5.78B
| $12.6M | 0.01% |
252,884
-1,465
| -0.6% | -$72.5K |
|
|
MODV
1981
DELISTED
ModivCare
MODV
| $12.6M | 0.01% |
488,174
+11,012
| +2% | +$305K |
|
1982
Twin Disc
TWIN
$359M
| $12.6M | 0.01% |
484,962
+3,421
| +0.7% | +$90.3K |
|
|
GRA
1983
DELISTED
W.R. Grace & Co.
GRA
| $12.6M | 0.01% |
127,004
-2,447
| -2% | -$228K |
|
1984
SEI Investments
SEIC
$12.6B
| $12.5M | 0.01% |
361,252
-3,776
| -1% | -$126K |
|
1985
FirstEnergy
FE
$26.5B
| $12.5M | 0.01% |
379,840
-6,228
| -2% | -$219K |
|
|
GAS
1986
DELISTED
AGL Resources Inc
GAS
| $12.5M | 0.01% |
265,040
+44,454
| +20% | +$2.07M |
|
|
PETM
1987
DELISTED
PETSMART INC
PETM
| $12.5M | 0.01% |
171,300
+992
| +0.6% | +$72.6K |
|
1988
First Bancorp
FBNC
$2.59B
| $12.4M | 0.01% |
749,119
+4,066
| +0.5% | +$62.5K |
|
1989
Flowers Foods
FLO
$1.29B
| $12.4M | 0.01% |
579,490
+7,803
| +1% | +$176K |
|
1990
PENN Entertainment
PENN
$2.34B
| $12.4M | 0.01% |
868,004
-2,624,273
| -75% | -$36.1M |
|
|
AUXL
1991
DELISTED
AUXILIUM PHARAMCEUTICALS INC
AUXL
| $12.4M | 0.01% |
599,458
+383,692
| +178% | +$7.23M |
|
1992
RPC Inc
RES
$1.31B
| $12.4M | 0.01% |
695,307
+16,600
| +2% | +$290K |
|
|
LGF
1993
DELISTED
Lions Gate Entertainment
LGF
| $12.4M | 0.01% |
392,013
-3,740
| -0.9% | -$123K |
|
|
GFIG
1994
DELISTED
GFI GROUP INC
GFIG
| $12.4M | 0.01% |
3,172,186
+259,249
| +9% | +$941K |
|
|
DCH
1995
Dauch Corp
DCH
$1.45B
| $12.4M | 0.01% |
605,458
+604,758
| +86,394% | +$11.5M |
|
1996
WEC Energy
WEC
$34.1B
| $12.4M | 0.01% |
299,125
+11,820
| +4% | +$490K |
|
|
NVO
1997
Novo Nordisk
NVO
$191B
| $12.4M | 0.01% |
669,270
-23,490
| -3% | -$409K |
|
1998
TransDigm Group
TDG
$59.5B
| $12.4M | 0.01% |
76,777
-6,217
| -7% | -$927K |
|
1999
VeriSign
VRSN
$27.3B
| $12.4M | 0.01% |
206,760
-1,394
| -0.7% | -$76.7K |
|
2000
Spok Holdings
SPOK
$218M
| $12.4M | 0.01% |
865,298
+24,500
| +3% | +$355K |
|
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.