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 |
Cigna
CI
|
+$334M |
| 2 |
Marathon Petroleum
MPC
|
+$283M |
| 3 |
CVS Health
CVS
|
+$227M |
| 4 |
ConocoPhillips
COP
|
+$172M |
| 5 |
Linde
LIN
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$740M |
| 2 |
ESRX
Express Scripts Holding Company
ESRX
|
+$612M |
| 3 |
ANDV
Andeavor
ANDV
|
+$447M |
| 4 |
Cisco
CSCO
|
+$307M |
| 5 |
CA
CA, Inc.
CA
|
+$252M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.86% |
| 2 | Industrials | 13.02% |
| 3 | Technology | 12.73% |
| 4 | Healthcare | 10.57% |
| 5 | Consumer Discretionary | 10.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PCTI
2526
DELISTED
PCTEL, Inc. Common Stock
PCTI
| $6.32M | ﹤0.01% |
1,472,787
-22,267
| -1% | -$97.6K |
|
2527
Snap
SNAP
$7.89B
| $6.32M | ﹤0.01% |
1,145,995
-11,465
| -1% | -$74.6K |
|
|
FONR
2528
DELISTED
Fonar
FONR
| $6.32M | ﹤0.01% |
312,020
+19,104
| +7% | +$431K |
|
2529
Karyopharm Therapeutics
KPTI
$43.5M
| $6.31M | ﹤0.01% |
44,918
+27,560
| +159% | +$4.65M |
|
|
HMTV
2530
DELISTED
Hemisphere Media Group, Inc.
HMTV
| $6.3M | ﹤0.01% |
519,427
+32,674
| +7% | +$437K |
|
2531
Aware
AWRE
$26M
| $6.3M | ﹤0.01% |
1,745,706
+4,313
| +0.2% | +$15.6K |
|
2532
Hallador Energy
HNRG
$670M
| $6.29M | ﹤0.01% |
1,240,104
+76,361
| +7% | +$447K |
|
|
CWBC
2533
Community West Bancshares
CWBC
$679M
| $6.28M | ﹤0.01% |
332,983
+29,659
| +10% | +$589K |
|
|
OSG
2534
DELISTED
Overseas Shipholding Group Inc.
OSG
| $6.21M | ﹤0.01% |
3,740,218
+254,123
| +7% | +$644K |
|
2535
Open Text
OTEX
$6.15B
| $6.19M | ﹤0.01% |
189,821
+49,149
| +35% | +$1.66M |
|
2536
Compañía de Minas Buenaventura
BVN
$7.69B
| $6.16M | ﹤0.01% |
380,221
+3,319
| +0.9% | +$47.8K |
|
2537
Colliers International
CIGI
$5.04B
| $6.13M | ﹤0.01% |
111,342
+6,806
| +7% | +$433K |
|
2538
AmeriServ Financial
ASRV
$77.5M
| $6.11M | ﹤0.01% |
1,515,481
-5,149
| -0.3% | -$21.7K |
|
2539
Kingstone Companies
KINS
$289M
| $6.09M | ﹤0.01% |
344,389
+18,770
| +6% | +$314K |
|
|
AXAS
2540
DELISTED
Abraxas Petroleum Corp
AXAS
| $6.05M | ﹤0.01% |
277,743
+12,689
| +5% | +$442K |
|
2541
Banco Bilbao Vizcaya Argentaria
BBVA
$154B
| $6.05M | ﹤0.01% |
1,143,719
-116,411
| -9% | -$658K |
|
2542
TIM SA
TIMB
$9.16B
| $6.03M | ﹤0.01% |
393,033
-2,330
| -0.6% | -$35.8K |
|
|
VRN
2543
DELISTED
Veren
VRN
| $6M | ﹤0.01% |
1,988,349
-1,160,302
| -37% | -$4.94M |
|
|
MCF
2544
DELISTED
Contango Oil & Gas Co.
MCF
| $5.97M | ﹤0.01% |
1,837,569
-81,880
| -4% | -$379K |
|
2545
Pembina Pipeline
PBA
$28.4B
| $5.96M | ﹤0.01% |
200,985
-2,641
| -1% | -$87.6K |
|
2546
Ultragenyx Pharmaceutical
RARE
$2.45B
| $5.94M | ﹤0.01% |
136,555
+74,608
| +120% | +$4.08M |
|
2547
Dawson Geophysical
DWSN
$145M
| $5.9M | ﹤0.01% |
1,745,463
+21,110
| +1% | +$100K |
|
|
TA
2548
DELISTED
TravelCenters of America LLC
TA
| $5.9M | ﹤0.01% |
313,636
+34,747
| +12% | +$771K |
|
|
MSON
2549
DELISTED
Misonix Inc
MSON
| $5.88M | ﹤0.01% |
367,549
-3,346
| -0.9% | -$55.8K |
|
|
MFNC
2550
DELISTED
Mackinac Financial Corporation
MFNC
| $5.88M | ﹤0.01% |
430,760
+5,693
| +1% | +$85.3K |
|
Similar funds
Dimensional Fund Advisors's Q4 2018 Portfolio in Review
As of Q4 2018, Dimensional Fund Advisors held 3,519 positions worth $221B, down 16% from $263B the previous quarter. Its ten largest holdings account for 9.7% of the portfolio.
Trading was light in Q4 2018: portfolio turnover was 4.6%. Dimensional Fund Advisors opened 94 new positions and exited 67, leaving the 3,519-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 19% a quarter earlier, followed by Industrials and Technology.
- Dimensional Fund Advisors's largest Q4 2018 buy was Linde: 812,164 shares worth $127M.
- Dimensional Fund Advisors added most to Cigna in Q4 2018, an estimated $334M increase.
- Dimensional Fund Advisors's biggest Q4 2018 reduction was Cisco, cutting an estimated $307M.
- Dimensional Fund Advisors fully exited Aetna Inc in Q4 2018, selling an estimated $740M.
- Dimensional Fund Advisors's ten largest holdings make up 9.7% of its $221B portfolio in Q4 2018.
- Dimensional Fund Advisors opened 94 new positions and closed 67 in Q4 2018.
- Dimensional Fund Advisors's portfolio value fell 16% quarter-over-quarter to $221B.
Based on Dimensional Fund Advisors's 13F filing for Q4 2018, filed 13 Feb 2019.