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
|
+$337M |
| 2 |
DXC Technology
DXC
|
+$230M |
| 3 |
JHG
Janus Henderson
JHG
|
+$189M |
| 4 |
American Tower
AMT
|
+$183M |
| 5 |
AT&T
T
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$190M |
| 2 |
SWC
Stillwater Mining Co
SWC
|
+$153M |
| 3 |
PVTB
PrivateBancorp Inc
PVTB
|
+$133M |
| 4 |
JNS
Janus Capital Group Inc
JNS
|
+$122M |
| 5 |
WNR
Western Refining Inc
WNR
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.16% |
| 2 | Industrials | 13.53% |
| 3 | Technology | 12.72% |
| 4 | Consumer Discretionary | 9.98% |
| 5 | Healthcare | 9.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AEL
201
DELISTED
American Equity Investment Life Holding Company
AEL
| $196M | 0.09% |
7,458,013
+38,858
| +0.5% | +$946K |
|
202
Old National Bancorp
ONB
$10.1B
| $196M | 0.09% |
11,353,720
+603,021
| +6% | +$10.1M |
|
203
United Parcel Service
UPS
$96B
| $192M | 0.09% |
1,737,670
+49,059
| +3% | +$5.24M |
|
204
Reinsurance Group of America
RGA
$15.7B
| $192M | 0.09% |
1,496,114
+1,917
| +0.1% | +$242K |
|
|
ODP
205
DELISTED
ODP
ODP
| $192M | 0.09% |
3,402,923
+567,768
| +20% | +$29.2M |
|
206
Wolfspeed
WOLF
$1.24B
| $192M | 0.09% |
7,784,651
+897,753
| +13% | +$21.5M |
|
207
Lowe's Companies
LOW
$119B
| $192M | 0.09% |
2,472,107
+46,510
| +2% | +$3.8M |
|
|
JHG
208
DELISTED
Janus Henderson
JHG
| $192M | 0.09% |
+5,780,503
| New | +$189M |
|
|
CVG
209
DELISTED
Convergys
CVG
| $191M | 0.09% |
8,042,071
-39,828
| -0.5% | -$927K |
|
210
Host Hotels & Resorts
HST
$17.1B
| $191M | 0.09% |
10,450,251
+283,816
| +3% | +$5.21M |
|
211
Booking.com
BKNG
$145B
| $191M | 0.09% |
2,549,875
+2,450
| +0.1% | +$180K |
|
212
XPO
XPO
$24.4B
| $191M | 0.09% |
8,532,368
+247,564
| +3% | +$4.64M |
|
|
ZNGA
213
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $191M | 0.09% |
52,395,197
-1,357,394
| -3% | -$4.45M |
|
214
POSCO
PKX
$16.1B
| $190M | 0.09% |
3,039,840
-52,792
| -2% | -$3.18M |
|
215
Commercial Metals
CMC
$7.53B
| $189M | 0.09% |
9,738,999
+18,097
| +0.2% | +$335K |
|
216
AGCO
AGCO
$8.71B
| $189M | 0.09% |
2,804,186
+13,003
| +0.5% | +$831K |
|
217
Vishay Intertechnology
VSH
$5.7B
| $188M | 0.09% |
11,307,658
+8,986
| +0.1% | +$148K |
|
|
GGP
218
DELISTED
GGP Inc.
GGP
| $187M | 0.09% |
7,952,536
+159,503
| +2% | +$3.67M |
|
219
D.R. Horton
DHI
$41.3B
| $187M | 0.09% |
5,417,794
+440,369
| +9% | +$14.7M |
|
|
STI
220
DELISTED
SunTrust Banks, Inc.
STI
| $187M | 0.09% |
3,294,618
-10,844
| -0.3% | -$603K |
|
221
Reliance Steel & Aluminium
RS
$20.6B
| $186M | 0.09% |
2,550,984
+50,208
| +2% | +$3.76M |
|
222
Vale
VALE
$62.9B
| $186M | 0.09% |
21,206,471
+278,469
| +1% | +$2.37M |
|
223
Nike
NKE
$62.5B
| $186M | 0.09% |
3,145,875
+190,004
| +6% | +$10.2M |
|
224
Assured Guaranty
AGO
$3.78B
| $185M | 0.09% |
4,442,106
+4,467
| +0.1% | +$176K |
|
225
Patterson-UTI
PTEN
$3.57B
| $184M | 0.09% |
9,126,818
-1,739,961
| -16% | -$37.9M |
|
Similar funds
Dimensional Fund Advisors's Q2 2017 Portfolio in Review
As of Q2 2017, Dimensional Fund Advisors held 3,388 positions worth $217B, up 3.5% from $209B the previous quarter. Its ten largest holdings account for 8.9% of the portfolio.
Trading was light in Q2 2017: portfolio turnover was 4.8%. Dimensional Fund Advisors opened 86 new positions and exited 78, leaving the 3,388-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 20% a quarter earlier, followed by Industrials and Technology.
- Dimensional Fund Advisors's largest Q2 2017 buy was DXC Technology: 3,463,430 shares worth $230M.
- Dimensional Fund Advisors added most to Wells Fargo in Q2 2017, an estimated $337M increase.
- Dimensional Fund Advisors's biggest Q2 2017 reduction was Hewlett Packard, cutting an estimated $97.6M.
- Dimensional Fund Advisors fully exited Yahoo Inc in Q2 2017, selling an estimated $190M.
- Dimensional Fund Advisors's ten largest holdings make up 8.9% of its $217B portfolio in Q2 2017.
- Dimensional Fund Advisors opened 86 new positions and closed 78 in Q2 2017.
- Dimensional Fund Advisors's portfolio value rose 3.5% quarter-over-quarter to $217B.
Based on Dimensional Fund Advisors's 13F filing for Q2 2017, filed 11 Aug 2017.