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 | |
|---|---|---|---|---|---|---|
1926
Sierra Bancorp
BSRR
$525M
| $25.6M | 0.01% |
965,526
+26,904
| +3% | +$720K |
|
1927
Kite Realty
KRG
$5.61B
| $25.6M | 0.01% |
1,307,670
+34,885
| +3% | +$679K |
|
1928
Entravision Communication
EVC
$1.04B
| $25.6M | 0.01% |
3,584,310
+312,972
| +10% | +$1.96M |
|
|
WR
1929
DELISTED
Westar Energy Inc
WR
| $25.6M | 0.01% |
484,442
+2,895
| +0.6% | +$156K |
|
1930
Hyatt Hotels
H
$16.4B
| $25.6M | 0.01% |
347,727
+14,422
| +4% | +$976K |
|
1931
Sterling Infrastructure
STRL
$16.7B
| $25.5M | 0.01% |
1,566,403
+12,721
| +0.8% | +$210K |
|
|
ABMD
1932
DELISTED
Abiomed Inc
ABMD
| $25.5M | 0.01% |
135,868
-5,862
| -4% | -$1.09M |
|
|
CHSP
1933
DELISTED
Chesapeake Lodging Trust
CHSP
| $25.5M | 0.01% |
939,448
+39,140
| +4% | +$1.1M |
|
1934
TETRA Technologies
TTI
$1.3B
| $25.4M | 0.01% |
5,956,819
+1,196,749
| +25% | +$4.12M |
|
|
BFX
1935
DELISTED
BowFlex Inc.
BFX
| $25.4M | 0.01% |
1,904,113
+133,175
| +8% | +$1.93M |
|
1936
Sony
SONY
$132B
| $25.3M | 0.01% |
2,816,930
+5,000
| +0.2% | +$42.9K |
|
1937
VSE Corp
VSEC
$5.99B
| $25.3M | 0.01% |
522,784
+20,110
| +4% | +$1.03M |
|
1938
Unitil
UTL
$954M
| $25.3M | 0.01% |
554,130
+14,937
| +3% | +$750K |
|
|
CTWS
1939
DELISTED
Connecticut Water Service Inc
CTWS
| $25.2M | 0.01% |
438,875
+9,753
| +2% | +$596K |
|
|
TARO
1940
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $25.2M | 0.01% |
240,265
+17,955
| +8% | +$1.97M |
|
|
PTVCB
1941
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
| $25.1M | 0.01% |
1,049,077
+8,851
| +0.9% | +$206K |
|
1942
James River Group Holdings
JRVR
$214M
| $25.1M | 0.01% |
626,312
+144,994
| +30% | +$5.88M |
|
1943
HealthEquity
HQY
$8.74B
| $25M | 0.01% |
536,530
+5,242
| +1% | +$260K |
|
1944
Ring Energy
REI
$320M
| $25M | 0.01% |
1,800,652
+417,760
| +30% | +$5.61M |
|
|
VIVO
1945
DELISTED
Meridian Bioscience Inc
VIVO
| $25M | 0.01% |
1,787,707
+38,859
| +2% | +$569K |
|
1946
Sanofi
SNY
$102B
| $25M | 0.01% |
581,994
| – | – |
|
|
XOXO
1947
DELISTED
Xo Group Inc
XOXO
| $24.9M | 0.01% |
1,349,765
+13,492
| +1% | +$262K |
|
|
GOV
1948
DELISTED
Government Properties Income Trust
GOV
| $24.9M | 0.01% |
1,340,593
+158,471
| +13% | +$2.95M |
|
|
DNB
1949
DELISTED
Dun & Bradstreet
DNB
| $24.7M | 0.01% |
208,291
+5,357
| +3% | +$636K |
|
1950
Miller Industries
MLR
$571M
| $24.7M | 0.01% |
955,719
+1,027
| +0.1% | +$27.8K |
|
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.