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 | |
|---|---|---|---|---|---|---|
2126
CBRE Group
CBRE
$40.3B
| $10.5M | 0.01% |
397,363
-4,202
| -1% | -$100K |
|
2127
United States Lime & Minerals
USLM
$3.28B
| $10.4M | 0.01% |
854,115
+13,960
| +2% | +$160K |
|
2128
CMS Energy
CMS
$20.8B
| $10.4M | 0.01% |
389,985
-2,051
| -0.5% | -$55.2K |
|
2129
Ionis Pharmaceuticals
IONS
$7.77B
| $10.4M | 0.01% |
261,717
-1,846
| -0.7% | -$65.8K |
|
2130
Sally Beauty Holdings
SBH
$1.48B
| $10.4M | 0.01% |
344,791
+1,166
| +0.3% | +$31.9K |
|
2131
Viavi Solutions
VIAV
$8.57B
| $10.4M | 0.01% |
1,409,948
-85,887
| -6% | -$652K |
|
|
TRR
2132
DELISTED
Trc Companies
TRR
| $10.4M | 0.01% |
1,456,411
+15,723
| +1% | +$116K |
|
2133
Watsco Inc
WSO
$12.6B
| $10.4M | 0.01% |
108,225
+816
| +0.8% | +$77.5K |
|
2134
NRC Health Common Stock
NRC
$462M
| $10.4M | 0.01% |
551,944
-400
| -0.1% | -$7.02K |
|
|
OWW
2135
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $10.4M | 0.01% |
1,444,492
+7,974
| +0.6% | +$62.3K |
|
|
SLXP
2136
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $10.4M | 0.01% |
115,262
-1,123
| -1% | -$89.6K |
|
|
WBC
2137
DELISTED
WABCO HOLDINGS INC.
WBC
| $10.4M | 0.01% |
110,889
-745
| -0.7% | -$65.3K |
|
|
CNQR
2138
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
| $10.4M | 0.01% |
100,379
-1,062
| -1% | -$107K |
|
|
CRRC
2139
DELISTED
COURIER CORP
CRRC
| $10.3M | 0.01% |
572,102
+7,023
| +1% | +$120K |
|
2140
BWX Technologies
BWXT
$13.4B
| $10.3M | 0.01% |
422,803
+7,277
| +2% | +$171K |
|
2141
Perdoceo Education
PRDO
$2.05B
| $10.3M | 0.01% |
1,811,676
+733,550
| +68% | +$3.25M |
|
|
FCH
2142
DELISTED
Felcor Lodging Trust
FCH
| $10.3M | 0.01% |
1,264,933
+29,520
| +2% | +$205K |
|
|
KEM
2143
DELISTED
KEMET Corporation
KEM
| $10.3M | 0.01% |
1,823,598
+124,707
| +7% | +$690K |
|
|
TECUA
2144
DELISTED
TECUMSEH PRODUCTS CO CL-A
TECUA
| $10.3M | 0.01% |
1,135,207
-3,100
| -0.3% | -$28.1K |
|
2145
Edwards Lifesciences
EW
$50.9B
| $10.3M | 0.01% |
935,940
-8,832
| -0.9% | -$99.6K |
|
2146
HCA Healthcare
HCA
$92.9B
| $10.3M | 0.01% |
215,017
+40,353
| +23% | +$1.86M |
|
2147
Kopin
KOPN
$879M
| $10.3M | 0.01% |
2,429,577
+33,520
| +1% | +$129K |
|
|
RPT
2148
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $10.3M | 0.01% |
651,411
+40,897
| +7% | +$644K |
|
2149
Iron Mountain
IRM
$33.9B
| $10.2M | 0.01% |
364,253
+6,183
| +2% | +$158K |
|
2150
Westwood Holdings Group
WHG
$178M
| $10.2M | 0.01% |
164,453
+2,072
| +1% | +$113K |
|
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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.