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 | |
|---|---|---|---|---|---|---|
|
AGR
2301
DELISTED
Avangrid, Inc.
AGR
| $12.1M | 0.01% |
239,877
-11,515
| -5% | -$582K |
|
2302
Provident Financial
PROV
$113M
| $12.1M | 0.01% |
657,877
-1,300
| -0.2% | -$25K |
|
|
USAP
2303
DELISTED
Universal Stainless & Alloy
USAP
| $12.1M | 0.01% |
564,129
+18,219
| +3% | +$383K |
|
|
FBNK
2304
DELISTED
First Connecticut Bancorp, Inc
FBNK
| $12.1M | 0.01% |
461,951
+28,213
| +7% | +$746K |
|
|
AMNB
2305
DELISTED
American National Bankshares Inc
AMNB
| $12.1M | 0.01% |
315,063
+18,020
| +6% | +$718K |
|
2306
Sabesp
SBS
$19.2B
| $12M | 0.01% |
5,906,786
| – | – |
|
2307
Applied Optoelectronics
AAOI
$10.6B
| $12M | 0.01% |
316,344
| – | – |
|
|
BFS
2308
Saul Centers
BFS
$822M
| $11.9M | ﹤0.01% |
193,305
+1,592
| +0.8% | +$99.6K |
|
|
CWEN.A
2309
DELISTED
Clearway Energy Class A
CWEN.A
| $11.9M | ﹤0.01% |
631,264
+7,428
| +1% | +$140K |
|
2310
Rocky Brands
RCKY
$373M
| $11.9M | ﹤0.01% |
628,741
-1,913
| -0.3% | -$32.7K |
|
|
LGTY
2311
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $11.9M | ﹤0.01% |
1,019,945
+32,539
| +3% | +$393K |
|
|
EXAS
2312
DELISTED
Exact Sciences
EXAS
| $11.8M | ﹤0.01% |
224,953
+21,808
| +11% | +$1.16M |
|
|
LAYN
2313
DELISTED
Layne Christensen Co
LAYN
| $11.8M | ﹤0.01% |
940,027
-34,940
| -4% | -$448K |
|
|
WCN
2314
Waste Connections
WCN
$41.3B
| $11.8M | ﹤0.01% |
165,943
-138,472
| -45% | -$9.67M |
|
|
BSTC
2315
DELISTED
BioSpecifics Technologies Corp.
BSTC
| $11.8M | ﹤0.01% |
271,493
+1,939
| +0.7% | +$87.2K |
|
|
DEA
2316
Easterly Government Properties
DEA
$1.16B
| $11.7M | ﹤0.01% |
219,702
+26,946
| +14% | +$1.41M |
|
2317
Fortinet
FTNT
$121B
| $11.7M | ﹤0.01% |
1,339,890
+1,030
| +0.1% | +$8.39K |
|
2318
Ultrapar
UGP
$6.72B
| $11.7M | ﹤0.01% |
1,029,128
-4,190
| -0.4% | -$48.3K |
|
|
HIL
2319
DELISTED
Hill International, Inc. Common Stock
HIL
| $11.7M | ﹤0.01% |
2,138,245
-50,731
| -2% | -$267K |
|
2320
Zillow
ZG
$8.44B
| $11.6M | ﹤0.01% |
285,824
-25,660
| -8% | -$1.05M |
|
|
LBY
2321
DELISTED
Libbey, Inc.
LBY
| $11.6M | ﹤0.01% |
1,545,708
+56,405
| +4% | +$441K |
|
2322
Weyerhaeuser
WY
$18.6B
| $11.6M | ﹤0.01% |
329,311
+6,082
| +2% | +$215K |
|
2323
CNB Financial Corp
CCNE
$1.05B
| $11.5M | ﹤0.01% |
439,063
+38,860
| +10% | +$1.09M |
|
|
MGI
2324
DELISTED
MoneyGram International, Inc. New
MGI
| $11.5M | ﹤0.01% |
871,844
| – | – |
|
|
DATA
2325
DELISTED
Tableau Software, Inc.
DATA
| $11.5M | ﹤0.01% |
165,586
+7,399
| +5% | +$544K |
|
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.