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 | |
|---|---|---|---|---|---|---|
376
WesBanco
WSBC
$3.97B
| $146M | 0.06% |
3,584,006
+106,011
| +3% | +$4.33M |
|
|
SEM
377
DELISTED
Select Medical
SEM
| $146M | 0.06% |
15,317,880
-67,191
| -0.4% | -$642K |
|
378
Granite Construction
GVA
$5.29B
| $146M | 0.06% |
2,295,688
-57,436
| -2% | -$3.59M |
|
379
Kulicke & Soffa
KLIC
$4.67B
| $145M | 0.06% |
5,976,393
-17,487
| -0.3% | -$417K |
|
380
Howmet Aerospace
HWM
$113B
| $145M | 0.06% |
6,941,292
-1,062,001
| -13% | -$20.7M |
|
381
NetEase
NTES
$85.3B
| $145M | 0.06% |
2,099,940
-47,835
| -2% | -$2.99M |
|
382
SM Energy
SM
$7.8B
| $145M | 0.06% |
6,565,748
+1,818,404
| +38% | +$36.7M |
|
|
X
383
DELISTED
US Steel
X
| $145M | 0.06% |
4,118,963
+960,350
| +30% | +$27.9M |
|
|
DCH
384
Dauch Corp
DCH
$1.34B
| $145M | 0.06% |
8,503,164
+1,441,629
| +20% | +$25.5M |
|
385
Northwest Bancshares
NWBI
$2.3B
| $144M | 0.06% |
8,635,757
+17,215
| +0.2% | +$289K |
|
386
Barclays
BCS
$92.7B
| $144M | 0.06% |
13,849,543
+113,962
| +0.8% | +$1.11M |
|
387
Century Aluminum
CENX
$4.43B
| $144M | 0.06% |
7,337,315
+54,992
| +0.8% | +$842K |
|
388
Hilltop Holdings
HTH
$2.26B
| $143M | 0.06% |
5,661,685
| – | – |
|
389
Assured Guaranty
AGO
$3.66B
| $143M | 0.06% |
4,208,706
-192,600
| -4% | -$6.98M |
|
|
DRE
390
DELISTED
Duke Realty Corp.
DRE
| $142M | 0.06% |
5,236,140
+109,002
| +2% | +$3.1M |
|
|
EFOR
391
Everforth Inc
EFOR
$1.17B
| $142M | 0.06% |
2,215,978
-73,929
| -3% | -$4.48M |
|
392
Adobe
ADBE
$99.5B
| $142M | 0.06% |
809,907
+34,411
| +4% | +$5.92M |
|
393
T. Rowe Price
TROW
$23.9B
| $142M | 0.06% |
1,352,265
-49,542
| -4% | -$4.83M |
|
394
Iron Mountain
IRM
$36.4B
| $142M | 0.06% |
3,750,588
+139,758
| +4% | +$5.55M |
|
395
Columbia Banking Systems
COLB
$8.84B
| $141M | 0.06% |
3,251,620
+482,220
| +17% | +$21M |
|
396
Zions Bancorporation
ZION
$10.2B
| $141M | 0.06% |
2,775,097
-183,649
| -6% | -$8.8M |
|
397
Navient
NAVI
$789M
| $141M | 0.06% |
10,580,979
+1,493,324
| +16% | +$18.9M |
|
|
UMPQ
398
DELISTED
Umpqua Holdings Corp
UMPQ
| $141M | 0.06% |
6,771,986
-542,823
| -7% | -$11.2M |
|
399
Johnson Controls International
JCI
$88.8B
| $140M | 0.06% |
3,682,188
+57,497
| +2% | +$2.25M |
|
400
FirstCash
FCFS
$8.85B
| $140M | 0.06% |
2,079,463
-80,216
| -4% | -$5.18M |
|
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.