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 | |
|---|---|---|---|---|---|---|
1976
National Fuel Gas
NFG
$7.8B
| $23.6M | 0.01% |
429,070
+17,064
| +4% | +$975K |
|
|
MRLN
1977
DELISTED
Marlin Business Services Corp
MRLN
| $23.5M | 0.01% |
1,050,135
+15,404
| +1% | +$382K |
|
1978
Agilysys
AGYS
$3.14B
| $23.5M | 0.01% |
1,915,358
+24,642
| +1% | +$301K |
|
1979
Lantheus
LNTH
$6.59B
| $23.5M | 0.01% |
1,147,579
+236,268
| +26% | +$4.81M |
|
|
CSBK
1980
DELISTED
Clifton Bancorp Inc.
CSBK
| $23.5M | 0.01% |
1,371,816
+29,830
| +2% | +$507K |
|
1981
Cass Information Systems
CASS
$730M
| $23.4M | 0.01% |
481,457
+19,578
| +4% | +$979K |
|
1982
Tejon Ranch
TRC
$451M
| $23.3M | 0.01% |
1,119,923
+262,755
| +31% | +$5.42M |
|
1983
RH
RH
$3.56B
| $23.2M | 0.01% |
269,479
-588
| -0.2% | -$53.2K |
|
1984
Hilton Grand Vacations
HGV
$3.6B
| $23.2M | 0.01% |
553,349
+98,923
| +22% | +$4.02M |
|
|
GPX
1985
DELISTED
GP Strategies Corp.
GPX
| $23.2M | 0.01% |
1,000,264
+20,850
| +2% | +$545K |
|
1986
NRC Health Common Stock
NRC
$434M
| $23.2M | 0.01% |
621,952
+16,096
| +3% | +$571K |
|
|
DSPG
1987
DELISTED
DSP Group Inc
DSPG
| $23.1M | 0.01% |
1,851,886
+13,976
| +0.8% | +$184K |
|
1988
AMC Global Media
AMCX
$487M
| $23.1M | 0.01% |
427,806
+57,806
| +16% | +$3.09M |
|
1989
Mattel
MAT
$4.27B
| $23M | 0.01% |
1,496,991
-32,404
| -2% | -$514K |
|
1990
Corcept Therapeutics
CORT
$12B
| $22.9M | 0.01% |
1,269,958
+65,633
| +5% | +$1.19M |
|
1991
Grupo Cibest SA
CIB
$21.5B
| $22.9M | 0.01% |
577,528
-25,796
| -4% | -$1.04M |
|
|
ASRT
1992
DELISTED
Assertio
ASRT
| $22.9M | 0.01% |
47,382
+8,697
| +22% | +$3.38M |
|
1993
Regional Management Corp
RM
$317M
| $22.9M | 0.01% |
869,773
+34,409
| +4% | +$842K |
|
|
GHL
1994
DELISTED
Greenhill & Co., Inc.
GHL
| $22.8M | 0.01% |
1,171,139
+49,079
| +4% | +$913K |
|
|
JCP
1995
DELISTED
J.C. Penney Company, Inc.
JCP
| $22.8M | 0.01% |
7,221,799
-310,973
| -4% | -$1M |
|
1996
Canadian National Railway
CNI
$76.6B
| $22.8M | 0.01% |
275,898
+7,373
| +3% | +$594K |
|
1997
St. Joe Company
JOE
$3.74B
| $22.7M | 0.01% |
1,257,852
+126,476
| +11% | +$2.34M |
|
|
INN
1998
Summit Hotel Properties
INN
$742M
| $22.7M | 0.01% |
1,488,694
+45,964
| +3% | +$711K |
|
|
UPL
1999
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $22.7M | 0.01% |
2,502,475
+629,899
| +34% | +$5.5M |
|
2000
Western New England Bancorp
WNEB
$274M
| $22.6M | 0.01% |
2,077,225
+82,677
| +4% | +$881K |
|
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.