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 | |
|---|---|---|---|---|---|---|
426
Rio Tinto
RIO
$158B
| $135M | 0.06% |
2,541,704
+38,214
| +2% | +$1.87M |
|
427
TTM Technologies
TTMI
$12B
| $134M | 0.06% |
8,575,332
+21,606
| +0.3% | +$347K |
|
428
Coherent
COHR
$51.4B
| $134M | 0.06% |
2,858,900
-589,438
| -17% | -$26.5M |
|
|
DFS
429
DELISTED
Discover Financial Services
DFS
| $134M | 0.06% |
1,741,352
+23,767
| +1% | +$1.64M |
|
430
Rush Enterprises Class A
RUSHA
$6.2B
| $134M | 0.06% |
5,917,860
+25,432
| +0.4% | +$552K |
|
431
Simmons First National
SFNC
$3.41B
| $133M | 0.06% |
4,674,430
+1,447,884
| +45% | +$41.6M |
|
432
Hecla Mining
HL
$9.47B
| $133M | 0.06% |
33,563,141
+27,154
| +0.1% | +$118K |
|
433
Atlantic Union Bankshares
AUB
$6.02B
| $133M | 0.06% |
3,680,435
+2,582
| +0.1% | +$92.1K |
|
|
SNP
434
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $133M | 0.06% |
1,812,964
-21,887
| -1% | -$1.6M |
|
|
TMHC
435
DELISTED
Taylor Morrison
TMHC
| $133M | 0.06% |
5,432,813
+841,438
| +18% | +$19.7M |
|
436
The Mosaic Company
MOS
$7.03B
| $133M | 0.06% |
5,174,159
+810,156
| +19% | +$18.6M |
|
|
ODP
437
DELISTED
ODP
ODP
| $133M | 0.06% |
3,747,932
+54,207
| +1% | +$1.88M |
|
438
Cummins
CMI
$87.5B
| $133M | 0.05% |
750,271
-31,991
| -4% | -$5.47M |
|
439
NextEra Energy
NEE
$181B
| $132M | 0.05% |
3,377,456
+9,056
| +0.3% | +$350K |
|
|
RSPP
440
DELISTED
RSP Permian, Inc.
RSPP
| $132M | 0.05% |
3,239,985
+523,748
| +19% | +$18.8M |
|
441
Designer Brands
DBI
$307M
| $131M | 0.05% |
6,134,636
+83,398
| +1% | +$1.71M |
|
442
Automatic Data Processing
ADP
$106B
| $131M | 0.05% |
1,120,730
+13,574
| +1% | +$1.55M |
|
|
WLL
443
DELISTED
Whiting Petroleum Corporation
WLL
| $131M | 0.05% |
66,122
-11,175
| -14% | -$19.6M |
|
|
AYR
444
DELISTED
Aircastle Ltd
AYR
| $131M | 0.05% |
5,590,584
+365,735
| +7% | +$8.59M |
|
|
FBC
445
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $130M | 0.05% |
3,484,033
+234,993
| +7% | +$8.62M |
|
|
MDP
446
DELISTED
Meredith Corporation
MDP
| $130M | 0.05% |
1,972,734
+31,859
| +2% | +$1.92M |
|
447
LKQ Corp
LKQ
$5.72B
| $130M | 0.05% |
3,200,910
+327,129
| +11% | +$12.5M |
|
448
Nelnet
NNI
$4.88B
| $130M | 0.05% |
2,373,373
+54,091
| +2% | +$2.92M |
|
449
Brookdale Senior Living
BKD
$3.49B
| $130M | 0.05% |
13,365,237
+1,397,236
| +12% | +$14.2M |
|
|
CADE
450
DELISTED
Cadence Bank
CADE
| $129M | 0.05% |
4,108,116
+3,656
| +0.1% | +$117K |
|
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.