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 | |
|---|---|---|---|---|---|---|
176
TE Connectivity
TEL
$59.9B
| $234M | 0.1% |
2,466,272
-40,557
| -2% | -$3.73M |
|
177
Bristol-Myers Squibb
BMY
$132B
| $234M | 0.1% |
3,813,931
+1,465
| +0% | +$91.6K |
|
178
Vishay Intertechnology
VSH
$5.18B
| $234M | 0.1% |
11,256,144
-17,057
| -0.2% | -$364K |
|
179
Essex Property Trust
ESS
$18.1B
| $232M | 0.1% |
963,164
+23,086
| +2% | +$5.82M |
|
180
Costco
COST
$423B
| $232M | 0.1% |
1,248,619
+1,766
| +0.1% | +$305K |
|
|
AEL
181
DELISTED
American Equity Investment Life Holding Company
AEL
| $232M | 0.1% |
7,544,547
+73,024
| +1% | +$2.21M |
|
182
Hancock Whitney
HWC
$6.14B
| $232M | 0.1% |
4,683,400
-347,533
| -7% | -$17.2M |
|
183
Kraft Heinz
KHC
$31.3B
| $231M | 0.1% |
2,969,961
-52,856
| -2% | -$4.15M |
|
|
TCF
184
DELISTED
TCF Financial Corporation
TCF
| $231M | 0.1% |
11,262,922
+213,868
| +2% | +$4M |
|
185
Skywest
SKYW
$4.29B
| $231M | 0.1% |
4,341,733
+11,665
| +0.3% | +$571K |
|
|
CHL
186
DELISTED
China Mobile Limited
CHL
| $228M | 0.09% |
4,509,499
+365,211
| +9% | +$18.4M |
|
187
Labcorp
LH
$25.9B
| $228M | 0.09% |
1,661,552
+20,381
| +1% | +$2.69M |
|
188
Lowe's Companies
LOW
$118B
| $226M | 0.09% |
2,434,133
-33,240
| -1% | -$2.75M |
|
189
Realty Income
O
$60.1B
| $223M | 0.09% |
4,036,922
+141,663
| +4% | +$7.69M |
|
190
Terex
TEX
$7.11B
| $221M | 0.09% |
4,590,650
-414,179
| -8% | -$19.1M |
|
|
PDCE
191
DELISTED
PDC Energy, Inc.
PDCE
| $221M | 0.09% |
4,280,455
+669,831
| +19% | +$31.7M |
|
192
Southwest Airlines
LUV
$22.3B
| $219M | 0.09% |
3,347,973
-1,197,197
| -26% | -$70.4M |
|
193
Reliance Steel & Aluminium
RS
$20.5B
| $219M | 0.09% |
2,551,639
+13,795
| +0.5% | +$1.09M |
|
194
J.M. Smucker
SJM
$13.1B
| $219M | 0.09% |
1,758,955
+25,361
| +1% | +$2.82M |
|
|
CVSA
195
Covista Inc
CVSA
$4.3B
| $218M | 0.09% |
5,191,413
-39,475
| -0.8% | -$1.55M |
|
196
Host Hotels & Resorts
HST
$17.2B
| $218M | 0.09% |
10,973,227
+331,396
| +3% | +$6.5M |
|
|
CXO
197
DELISTED
CONCHO RESOURCES INC.
CXO
| $217M | 0.09% |
1,442,135
+228,798
| +19% | +$31.8M |
|
|
B
198
DELISTED
Barnes Group Inc.
B
| $215M | 0.09% |
3,394,567
-73,916
| -2% | -$4.9M |
|
199
Telephone and Data Systems
TDS
$3.82B
| $214M | 0.09% |
7,687,033
+227,343
| +3% | +$6.24M |
|
|
MBFI
200
DELISTED
MB Financial Corp
MBFI
| $213M | 0.09% |
4,786,350
-140,592
| -3% | -$6.34M |
|
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.