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 |
ExxonMobil
XOM
|
+$320M |
| 2 |
Banco Santander
SAN
|
+$176M |
| 3 |
AT&T
T
|
+$171M |
| 4 |
Ford
F
|
+$95.9M |
| 5 |
Cisco
CSCO
|
+$87M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Santander
BSBR
|
+$187M |
| 2 |
Union Pacific
UNP
|
+$98.1M |
| 3 |
URS
URS CORP
URS
|
+$96.4M |
| 4 |
SUNE
SUNEDISON, INC COM
SUNE
|
+$67.9M |
| 5 |
Avis
CAR
|
+$66.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.07% |
| 2 | Industrials | 13.39% |
| 3 | Technology | 11.08% |
| 4 | Energy | 9.38% |
| 5 | Consumer Discretionary | 9.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Align Technology
ALGN
$12.1B
| $15.2M | 0.01% |
271,594
+15,347
| +6% | +$812K |
|
2002
American Tower
AMT
$80.8B
| $15.2M | 0.01% |
153,489
-643
| -0.4% | -$63.2K |
|
|
CHA
2003
DELISTED
China Telecom Corporation, LTD
CHA
| $15.2M | 0.01% |
258,314
-1,158
| -0.4% | -$70.1K |
|
2004
WSFS Financial
WSFS
$4.12B
| $15.2M | 0.01% |
591,087
+76,020
| +15% | +$1.92M |
|
2005
Cameco
CCJ
$37.6B
| $15.1M | 0.01% |
917,881
+170,254
| +23% | +$2.92M |
|
2006
CMS Energy
CMS
$22.6B
| $15.1M | 0.01% |
433,261
+13,365
| +3% | +$437K |
|
2007
CenterPoint Energy
CNP
$27.7B
| $15.1M | 0.01% |
642,369
+61,208
| +11% | +$1.46M |
|
2008
Expeditors International
EXPD
$22B
| $15M | 0.01% |
337,302
+41,249
| +14% | +$1.77M |
|
|
POWR
2009
DELISTED
POWERSECURE INTL INC COM STK (DE)
POWR
| $15M | 0.01% |
1,291,710
+38,997
| +3% | +$405K |
|
|
TLM
2010
DELISTED
TALISMAN ENERGY INC
TLM
| $15M | 0.01% |
1,920,709
+129,821
| +7% | +$816K |
|
2011
FreightCar America
RAIL
$261M
| $15M | 0.01% |
571,060
+25,060
| +5% | +$756K |
|
|
PNRA
2012
DELISTED
Panera Bread Co
PNRA
| $15M | 0.01% |
85,863
+6,425
| +8% | +$1.07M |
|
2013
MGP Ingredients
MGPI
$379M
| $14.9M | 0.01% |
941,996
+13,249
| +1% | +$182K |
|
2014
National Fuel Gas
NFG
$7.82B
| $14.9M | 0.01% |
214,728
+98,394
| +85% | +$6.79M |
|
|
CVC
2015
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $14.9M | 0.01% |
722,474
+138,625
| +24% | +$2.64M |
|
|
GAS
2016
DELISTED
AGL Resources Inc
GAS
| $14.9M | 0.01% |
272,877
+173
| +0.1% | +$9.14K |
|
2017
Sally Beauty Holdings
SBH
$1.43B
| $14.8M | 0.01% |
482,542
+77,220
| +19% | +$2.29M |
|
|
FARM
2018
DELISTED
Farmer Brothers
FARM
| $14.8M | 0.01% |
502,664
+18,996
| +4% | +$541K |
|
2019
First Bancorp
FBNC
$2.6B
| $14.8M | 0.01% |
801,474
+25,987
| +3% | +$452K |
|
2020
Harmony Gold Mining
HMY
$9.84B
| $14.8M | 0.01% |
7,814,293
-2,258,525
| -22% | -$4.14M |
|
2021
Entravision Communication
EVC
$1.03B
| $14.8M | 0.01% |
2,278,524
-163,074
| -7% | -$917K |
|
2022
Argan
AGX
$8B
| $14.7M | 0.01% |
436,970
+23,463
| +6% | +$768K |
|
2023
Ciena
CIEN
$53.4B
| $14.7M | 0.01% |
757,151
-868,304
| -53% | -$14.5M |
|
|
WG
2024
DELISTED
Willbros Group
WG
| $14.7M | 0.01% |
2,344,096
-174,783
| -7% | -$997K |
|
2025
US Physical Therapy
USPH
$1.2B
| $14.7M | 0.01% |
350,165
+17,288
| +5% | +$680K |
|
Similar funds
Dimensional Fund Advisors's Q4 2014 Portfolio in Review
As of Q4 2014, Dimensional Fund Advisors held 3,615 positions worth $152B, up 7.9% from $141B the previous quarter. Its ten largest holdings account for 8.9% of the portfolio.
Dimensional Fund Advisors deployed $5.68B of net new capital in Q4 2014, opening 70 new positions and adding to 2,264 existing holdings. Its largest new stake was Avid Technology Inc: 2,313,849 shares worth $32.9M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Industrials and Technology.
On the sell side, the largest reduction was Santander, an estimated $187M trimmed.
- Dimensional Fund Advisors's largest Q4 2014 buy was Avid Technology Inc: 2,313,849 shares worth $32.9M.
- Dimensional Fund Advisors added most to ExxonMobil in Q4 2014, an estimated $320M increase.
- Dimensional Fund Advisors's biggest Q4 2014 reduction was Santander, cutting an estimated $187M.
- Dimensional Fund Advisors fully exited URS CORP in Q4 2014, selling an estimated $96.4M.
- Dimensional Fund Advisors's ten largest holdings make up 8.9% of its $152B portfolio in Q4 2014.
- Dimensional Fund Advisors opened 70 new positions and closed 98 in Q4 2014.
- Dimensional Fund Advisors's portfolio value rose 7.9% quarter-over-quarter to $152B.
Based on Dimensional Fund Advisors's 13F filing for Q4 2014, filed 6 Feb 2015.