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 | |
|---|---|---|---|---|---|---|
1401
Arthur J. Gallagher & Co
AJG
$64.1B
| $47.8M | 0.02% |
755,209
+4,617
| +0.6% | +$295K |
|
1402
Public Service Enterprise Group
PEG
$38.2B
| $47.7M | 0.02% |
927,122
+10,677
| +1% | +$538K |
|
1403
Community Trust Bancorp
CTBI
$1.42B
| $47.7M | 0.02% |
1,012,110
+34,012
| +3% | +$1.64M |
|
1404
WEC Energy
WEC
$35.7B
| $47.7M | 0.02% |
717,420
+3,850
| +0.5% | +$258K |
|
|
USCR
1405
DELISTED
U S Concrete, Inc.
USCR
| $47.6M | 0.02% |
568,815
+3,088
| +0.5% | +$243K |
|
|
UN
1406
DELISTED
Unilever NV New York Registry Shares
UN
| $47.5M | 0.02% |
843,781
+30,947
| +4% | +$1.78M |
|
1407
Arista Networks
ANET
$227B
| $47.5M | 0.02% |
3,223,712
-63,872
| -2% | -$854K |
|
1408
Cognex
CGNX
$10.9B
| $47.5M | 0.02% |
776,001
-28,631
| -4% | -$1.82M |
|
|
NAV
1409
DELISTED
Navistar International
NAV
| $47.5M | 0.02% |
1,106,642
+55,656
| +5% | +$2.32M |
|
|
FRC
1410
DELISTED
First Republic Bank
FRC
| $47.3M | 0.02% |
545,925
-16,959
| -3% | -$1.61M |
|
|
SUM
1411
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $47.3M | 0.02% |
1,529,267
+124,234
| +9% | +$3.74M |
|
1412
Nordson
NDSN
$16.6B
| $47.2M | 0.02% |
322,409
-7,174
| -2% | -$922K |
|
1413
Ryman Hospitality Properties
RHP
$8.43B
| $47.2M | 0.02% |
683,175
+10,401
| +2% | +$695K |
|
1414
Jack Henry & Associates
JKHY
$10.9B
| $47.1M | 0.02% |
402,856
-10,701
| -3% | -$1.2M |
|
1415
Casella Waste Systems
CWST
$5.71B
| $47.1M | 0.02% |
2,046,186
+12,829
| +0.6% | +$252K |
|
1416
Pathward Financial
CASH
$1.86B
| $47M | 0.02% |
1,522,221
+118,329
| +8% | +$3.43M |
|
1417
Cadence Design Systems
CDNS
$93.6B
| $47M | 0.02% |
1,123,995
-18,920
| -2% | -$813K |
|
|
DISCK
1418
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $46.9M | 0.02% |
2,215,523
-52,879
| -2% | -$973K |
|
1419
City Holding Co
CHCO
$2.05B
| $46.9M | 0.02% |
694,599
+5,467
| +0.8% | +$381K |
|
1420
Vertex Pharmaceuticals
VRTX
$121B
| $46.8M | 0.02% |
312,506
+15,625
| +5% | +$2.31M |
|
1421
Iridium Communications
IRDM
$5.02B
| $46.8M | 0.02% |
3,967,104
-33,272
| -0.8% | -$385K |
|
|
PGRE
1422
DELISTED
Paramount Group
PGRE
| $46.7M | 0.02% |
2,949,157
+160,470
| +6% | +$2.57M |
|
1423
ATI
ATI
$25.6B
| $46.7M | 0.02% |
1,935,533
+507,925
| +36% | +$12.1M |
|
1424
HNI Corp
HNI
$3.24B
| $46.7M | 0.02% |
1,211,273
+61,110
| +5% | +$2.24M |
|
1425
Maximus
MMS
$3.17B
| $46.7M | 0.02% |
652,518
+11,897
| +2% | +$801K |
|
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.