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 |
Wells Fargo
WFC
|
+$302M |
| 2 |
STL
Sterling Bancorp
STL
|
+$169M |
| 3 |
Chevron
CVX
|
+$165M |
| 4 |
American Tower
AMT
|
+$146M |
| 5 |
ExxonMobil
XOM
|
+$123M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citigroup
C
|
+$205M |
| 2 |
Cisco
CSCO
|
+$190M |
| 3 |
AF
Astoria Financial Corporation
AF
|
+$184M |
| 4 |
DGI
DigitalGlobe Inc.
DGI
|
+$181M |
| 5 |
CSX Corp
CSX
|
+$138M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.98% |
| 2 | Industrials | 13.43% |
| 3 | Technology | 12.64% |
| 4 | Consumer Discretionary | 10.42% |
| 5 | Healthcare | 9.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
American Eagle Outfitters
AEO
$2.9B
| $165M | 0.07% |
8,778,446
+863,797
| +11% | +$13M |
|
302
PayPal
PYPL
$49.3B
| $165M | 0.07% |
2,240,656
+26,832
| +1% | +$1.94M |
|
303
Avnet
AVT
$7.12B
| $165M | 0.07% |
4,157,291
+56,272
| +1% | +$2.25M |
|
|
WRK
304
DELISTED
WestRock Company
WRK
| $164M | 0.07% |
2,598,262
-18,730
| -0.7% | -$1.14M |
|
305
Huntington Bancshares
HBAN
$34.5B
| $164M | 0.07% |
11,239,064
-206,390
| -2% | -$2.9M |
|
306
NRG Energy
NRG
$28.3B
| $163M | 0.07% |
5,721,173
-352,667
| -6% | -$9.6M |
|
|
ILG
307
DELISTED
ILG, Inc Common Stock
ILG
| $163M | 0.07% |
5,715,281
+90,644
| +2% | +$2.61M |
|
|
TCF
308
DELISTED
TCF Financial Corporation Common Stock
TCF
| $162M | 0.07% |
3,036,739
+65,639
| +2% | +$3.53M |
|
|
CPE
309
DELISTED
Callon Petroleum Company
CPE
| $162M | 0.07% |
1,329,942
+267,357
| +25% | +$29.6M |
|
|
BECN
310
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $161M | 0.07% |
2,527,532
+21,709
| +0.9% | +$1.25M |
|
|
QVCGA
311
DELISTED
QVC Group Inc Series A
QVCGA
| $161M | 0.07% |
135,670
+1,820
| +1% | +$2.11M |
|
|
PACW
312
DELISTED
PacWest Bancorp
PACW
| $161M | 0.07% |
3,189,750
+128,200
| +4% | +$6.12M |
|
313
Norwegian Cruise Line
NCLH
$8.59B
| $161M | 0.07% |
3,016,695
+346,667
| +13% | +$19.2M |
|
314
NETGEAR
NTGR
$616M
| $160M | 0.07% |
2,725,814
-7,070
| -0.3% | -$362K |
|
315
Cathay General Bancorp
CATY
$4.21B
| $159M | 0.07% |
3,776,352
-53,594
| -1% | -$2.24M |
|
316
Ambev
ABEV
$48.2B
| $159M | 0.07% |
24,648,020
+686,536
| +3% | +$4.39M |
|
317
Huntsman Corp
HUN
$2.12B
| $159M | 0.07% |
4,778,978
-439,165
| -8% | -$13.4M |
|
|
TFCFA
318
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $159M | 0.07% |
4,592,375
-242,209
| -5% | -$7.23M |
|
319
NETSCOUT
NTCT
$2.91B
| $158M | 0.07% |
5,200,196
+943,357
| +22% | +$28.8M |
|
320
Gold Fields
GFI
$30B
| $158M | 0.07% |
36,823,103
+617,310
| +2% | +$2.49M |
|
321
Rogers Corp
ROG
$2.18B
| $158M | 0.07% |
975,779
-38,221
| -4% | -$5.76M |
|
322
Kirby Corp
KEX
$7.08B
| $158M | 0.07% |
2,364,899
+190,873
| +9% | +$12.5M |
|
323
Eli Lilly
LLY
$1.03T
| $158M | 0.07% |
1,869,687
-61,603
| -3% | -$5.24M |
|
|
MDR
324
DELISTED
McDermott International
MDR
| $158M | 0.07% |
7,998,960
+304,748
| +4% | +$6.44M |
|
325
Oshkosh
OSK
$8.82B
| $158M | 0.07% |
1,734,377
-132,478
| -7% | -$11.6M |
|
Similar funds
Dimensional Fund Advisors's Q4 2017 Portfolio in Review
As of Q4 2017, Dimensional Fund Advisors held 3,411 positions worth $241B, up 5.4% from $229B the previous quarter. Its ten largest holdings account for 9.4% of the portfolio.
Trading was light in Q4 2017: portfolio turnover was 4.7%. Dimensional Fund Advisors opened 75 new positions and exited 87, leaving the 3,411-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 20% a quarter earlier, followed by Industrials and Technology.
- Dimensional Fund Advisors's largest Q4 2017 buy was Maxar Technologies Inc. Common Stock: 1,045,646 shares worth $67.3M.
- Dimensional Fund Advisors added most to Wells Fargo in Q4 2017, an estimated $302M increase.
- Dimensional Fund Advisors's biggest Q4 2017 reduction was Citigroup, cutting an estimated $205M.
- Dimensional Fund Advisors fully exited Astoria Financial Corporation in Q4 2017, selling an estimated $184M.
- Dimensional Fund Advisors's ten largest holdings make up 9.4% of its $241B portfolio in Q4 2017.
- Dimensional Fund Advisors opened 75 new positions and closed 87 in Q4 2017.
- Dimensional Fund Advisors's portfolio value rose 5.4% quarter-over-quarter to $241B.
Based on Dimensional Fund Advisors's 13F filing for Q4 2017, filed 12 Feb 2018.