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 | |
|---|---|---|---|---|---|---|
201
Lumen
LUMN
$6.76B
| $213M | 0.09% |
12,771,791
+2,481,898
| +24% | +$42.1M |
|
202
Starbucks
SBUX
$121B
| $211M | 0.09% |
3,677,286
+36,653
| +1% | +$2.07M |
|
203
United Parcel Service
UPS
$89.5B
| $211M | 0.09% |
1,771,582
+31,767
| +2% | +$3.73M |
|
204
United Natural Foods
UNFI
$3.01B
| $211M | 0.09% |
4,282,399
+13,257
| +0.3% | +$579K |
|
205
Petrobras
PBR
$123B
| $211M | 0.09% |
20,496,274
-117,763
| -0.6% | -$1.2M |
|
206
Eastman Chemical
EMN
$8.01B
| $211M | 0.09% |
2,272,556
+34,369
| +2% | +$3.12M |
|
207
Commercial Metals
CMC
$7.57B
| $210M | 0.09% |
9,851,705
+89,880
| +0.9% | +$1.79M |
|
|
STI
208
DELISTED
SunTrust Banks, Inc.
STI
| $209M | 0.09% |
3,238,144
-38,637
| -1% | -$2.36M |
|
209
Sanmina
SANM
$9.83B
| $209M | 0.09% |
6,327,624
+62,843
| +1% | +$2.2M |
|
210
Werner Enterprises
WERN
$2.21B
| $208M | 0.09% |
5,379,363
-19,470
| -0.4% | -$707K |
|
211
Carnival Corporation Ltd
CCL
$38B
| $208M | 0.09% |
3,127,515
-1,987
| -0.1% | -$132K |
|
212
Broadcom
AVGO
$1.85T
| $207M | 0.09% |
8,066,040
+717,140
| +10% | +$18.6M |
|
213
Molson Coors Class B
TAP
$7.79B
| $206M | 0.09% |
2,515,583
+126,534
| +5% | +$10.2M |
|
214
Ally Financial
ALLY
$13.2B
| $205M | 0.09% |
7,038,081
+223,195
| +3% | +$5.92M |
|
|
GGP
215
DELISTED
GGP Inc.
GGP
| $204M | 0.08% |
8,739,660
+461,778
| +6% | +$10.3M |
|
216
McKesson
MCK
$101B
| $203M | 0.08% |
1,304,485
+287,165
| +28% | +$42.5M |
|
217
Cemex
CX
$17.2B
| $203M | 0.08% |
27,045,720
-2,409,155
| -8% | -$19M |
|
|
AHL
218
DELISTED
ASPEN Insurance Holding Limited
AHL
| $203M | 0.08% |
4,992,919
-54,398
| -1% | -$2.25M |
|
219
Lockheed Martin
LMT
$132B
| $202M | 0.08% |
630,580
+5,374
| +0.9% | +$1.69M |
|
220
Assurant
AIZ
$14B
| $202M | 0.08% |
2,007,316
-115,324
| -5% | -$11.4M |
|
221
Whirlpool
WHR
$2.47B
| $202M | 0.08% |
1,199,353
+30,309
| +3% | +$5.14M |
|
|
IBKC
222
DELISTED
IBERIABANK Corp
IBKC
| $202M | 0.08% |
2,606,999
-91,163
| -3% | -$7.01M |
|
223
Textron
TXT
$15B
| $202M | 0.08% |
3,569,137
-35,774
| -1% | -$1.95M |
|
|
DMC
224
Del Monte Corp
DMC
$1.41B
| $202M | 0.08% |
4,235,381
-18,235
| -0.4% | -$859K |
|
225
Quanta Services
PWR
$98.7B
| $201M | 0.08% |
5,145,686
+234,993
| +5% | +$8.82M |
|
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.