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 | |
|---|---|---|---|---|---|---|
101
Kohl's
KSS
$2.21B
| $316M | 0.13% |
5,827,168
-7,265
| -0.1% | -$334K |
|
102
Mohawk Industries
MHK
$7.29B
| $316M | 0.13% |
1,143,896
+24,213
| +2% | +$6.5M |
|
103
Bank of Montreal
BMO
$125B
| $315M | 0.13% |
3,940,241
+139,802
| +4% | +$10.9M |
|
104
McDonald's
MCD
$191B
| $314M | 0.13% |
1,823,722
-43,888
| -2% | -$7.37M |
|
105
Caterpillar
CAT
$373B
| $313M | 0.13% |
1,988,357
-21,882
| -1% | -$3.04M |
|
106
Ventas
VTR
$44.7B
| $310M | 0.13% |
5,167,457
+145,247
| +3% | +$9.18M |
|
107
Honeywell
HON
$76.7B
| $309M | 0.13% |
2,227,504
+77,662
| +4% | +$10.4M |
|
108
Wolfspeed
WOLF
$1.24B
| $306M | 0.13% |
8,246,110
+26,058
| +0.3% | +$898K |
|
109
American Express
AXP
$228B
| $306M | 0.13% |
3,080,180
-63,695
| -2% | -$6.07M |
|
110
Lam Research
LRCX
$372B
| $305M | 0.13% |
16,594,910
-2,035,740
| -11% | -$40M |
|
111
Pultegroup
PHM
$24.5B
| $305M | 0.13% |
9,168,808
-1,405,599
| -13% | -$43.6M |
|
112
Chubb
CB
$135B
| $302M | 0.13% |
2,065,287
+46,310
| +2% | +$6.92M |
|
113
Eaton
ETN
$150B
| $300M | 0.12% |
3,798,532
-55,271
| -1% | -$4.3M |
|
114
Nucor
NUE
$58.5B
| $300M | 0.12% |
4,717,425
+95,859
| +2% | +$5.61M |
|
115
HP
HPQ
$24.6B
| $300M | 0.12% |
14,256,513
-291,546
| -2% | -$6.2M |
|
116
Kemper
KMPR
$1.71B
| $298M | 0.12% |
4,323,094
+31,955
| +0.7% | +$2.06M |
|
|
TECD
117
DELISTED
Tech Data Corp
TECD
| $294M | 0.12% |
3,005,877
+121,661
| +4% | +$11.4M |
|
118
Boston Properties
BXP
$11.4B
| $294M | 0.12% |
2,264,463
+49,131
| +2% | +$6.16M |
|
119
Royal Caribbean
RCL
$86.1B
| $294M | 0.12% |
2,466,331
-369,937
| -13% | -$45.8M |
|
120
Hanover Insurance
THG
$8.05B
| $293M | 0.12% |
2,708,434
-17,478
| -0.6% | -$1.8M |
|
121
Texas Instruments
TXN
$255B
| $293M | 0.12% |
2,802,591
+11,521
| +0.4% | +$1.12M |
|
122
D.R. Horton
DHI
$40.7B
| $293M | 0.12% |
5,727,125
+3,044
| +0.1% | +$142K |
|
123
Cigna
CI
$76.1B
| $292M | 0.12% |
1,438,082
+6,787
| +0.5% | +$1.35M |
|
124
Petrobras Class A
PBR.A
$109B
| $285M | 0.12% |
29,039,709
-297,349
| -1% | -$2.93M |
|
125
CNO Financial Group
CNO
$4.99B
| $283M | 0.12% |
11,462,277
| – | – |
|
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.