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 | |
|---|---|---|---|---|---|---|
1951
CVR Energy
CVI
$3.3B
| $24.6M | 0.01% |
660,365
+26,930
| +4% | +$838K |
|
|
ESND
1952
DELISTED
Essendant Inc.
ESND
| $24.6M | 0.01% |
2,651,172
+94,144
| +4% | +$969K |
|
1953
Ribbon Communications
RBBN
$388M
| $24.6M | 0.01% |
3,179,335
+12,579
| +0.4% | +$96.6K |
|
1954
Culp Inc
CULP
$45M
| $24.6M | 0.01% |
733,426
+7,862
| +1% | +$247K |
|
1955
HCI Group
HCI
$2.29B
| $24.4M | 0.01% |
817,724
-14,647
| -2% | -$488K |
|
1956
Outfront Media
OUT
$5.63B
| $24.4M | 0.01% |
1,069,291
+408,604
| +62% | +$9.57M |
|
1957
Par Pacific Holdings
PARR
$4.12B
| $24.4M | 0.01% |
1,264,361
+457,647
| +57% | +$9.28M |
|
|
BREW
1958
DELISTED
Craft Brew Alliance, Inc.
BREW
| $24.4M | 0.01% |
1,269,327
-6,464
| -0.5% | -$121K |
|
1959
Daktronics
DAKT
$1.04B
| $24.2M | 0.01% |
2,655,285
+54,775
| +2% | +$541K |
|
1960
Caesars Entertainment
CZR
$6.09B
| $24.2M | 0.01% |
730,268
+1,527
| +0.2% | +$44.4K |
|
|
AAMI
1961
Acadian Asset Management
AAMI
$3.26B
| $24.2M | 0.01% |
1,442,356
+141,530
| +11% | +$2.25M |
|
|
BFIN
1962
DELISTED
BankFinancial
BFIN
| $24.1M | 0.01% |
1,572,742
-29,885
| -2% | -$477K |
|
|
NVEE
1963
DELISTED
NV5 Global
NVEE
| $24.1M | 0.01% |
1,781,716
+133,292
| +8% | +$1.81M |
|
|
VRN
1964
DELISTED
Veren
VRN
| $24.1M | 0.01% |
3,165,104
| – | – |
|
1965
Honda
HMC
$39B
| $24.1M | 0.01% |
706,219
+1,846
| +0.3% | +$59.7K |
|
1966
Braskem
BAK
$920M
| $24.1M | 0.01% |
916,220
-11,068
| -1% | -$316K |
|
1967
Middlesex Water
MSEX
$1.07B
| $23.9M | 0.01% |
599,634
+13,222
| +2% | +$570K |
|
1968
Banco Santander
SAN
$207B
| $23.9M | 0.01% |
3,817,495
-722,493
| -16% | -$4.57M |
|
1969
Powell Industries
POWL
$7.7B
| $23.9M | 0.01% |
2,501,358
+108,195
| +5% | +$1.03M |
|
1970
Pinnacle West Capital
PNW
$12.3B
| $23.8M | 0.01% |
279,826
+5,478
| +2% | +$484K |
|
1971
Alliant Energy
LNT
$18.4B
| $23.8M | 0.01% |
558,497
+6,311
| +1% | +$275K |
|
1972
Yum China
YUMC
$16.4B
| $23.7M | 0.01% |
592,840
+107,158
| +22% | +$4.41M |
|
|
YELL
1973
DELISTED
Yellow Corporation Common Stock
YELL
| $23.7M | 0.01% |
1,644,951
+48,475
| +3% | +$639K |
|
1974
Hurco Companies Inc
HURC
$142M
| $23.6M | 0.01% |
558,792
+1,014
| +0.2% | +$44.1K |
|
1975
RCI Hospitality Holdings
RICK
$194M
| $23.6M | 0.01% |
842,179
| – | – |
|
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.