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 | |
|---|---|---|---|---|---|---|
|
CDR
2651
DELISTED
Cedar Realty Trust, Inc
CDR
| $4.36M | ﹤0.01% |
210,559
+470
| +0.2% | +$11.4K |
|
|
CVLY
2652
DELISTED
Codorus Valley Bancorp Inc
CVLY
| $4.35M | ﹤0.01% |
214,784
+19,030
| +10% | +$461K |
|
|
BHR
2653
Braemar Hotels & Resorts
BHR
$156M
| $4.34M | ﹤0.01% |
491,306
+3,001
| +0.6% | +$29.9K |
|
|
DCPH
2654
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $4.34M | ﹤0.01% |
+206,615
| New | +$5.08M |
|
|
MR
2655
DELISTED
Montage Resources Corporation Common Stock
MR
| $4.33M | ﹤0.01% |
274,904
-6,432
| -2% | -$110K |
|
|
PMBC
2656
DELISTED
Pacific Mercantile Bancorp
PMBC
| $4.32M | ﹤0.01% |
604,106
+31,392
| +5% | +$252K |
|
|
UBFO
2657
DELISTED
United Security Bancshares
UBFO
| $4.31M | ﹤0.01% |
450,029
+12,888
| +3% | +$135K |
|
2658
Clearfield
CLFD
$411M
| $4.28M | ﹤0.01% |
431,574
| – | – |
|
|
ESTE
2659
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
| $4.26M | ﹤0.01% |
942,735
+145,342
| +18% | +$1.1M |
|
2660
Duluth Holdings
DLTH
$155M
| $4.24M | ﹤0.01% |
168,105
| – | – |
|
2661
Liberty Media Series A
FWONA
$22.5B
| $4.21M | ﹤0.01% |
148,094
+807
| +0.5% | +$23.8K |
|
|
VLRS
2662
Controladora Vuela Compania de Aviacion
VLRS
$900M
| $4.17M | ﹤0.01% |
778,334
+2,215
| +0.3% | +$14.1K |
|
2663
Friedman Industries
FRD
$240M
| $4.16M | ﹤0.01% |
589,656
+448
| +0.1% | +$3.72K |
|
|
EMKR
2664
DELISTED
Emcore Corp
EMKR
| $4.16M | ﹤0.01% |
98,953
+3,566
| +4% | +$167K |
|
|
PZN
2665
DELISTED
Pzena Investment Management, Inc. Class A
PZN
| $4.14M | ﹤0.01% |
478,494
+14,106
| +3% | +$137K |
|
|
BGFV
2666
DELISTED
Big 5 Sporting Goods
BGFV
| $4.14M | ﹤0.01% |
1,596,921
-101,718
| -6% | -$404K |
|
2667
Extreme Networks
EXTR
$3.94B
| $4.13M | ﹤0.01% |
677,612
-70,577
| -9% | -$409K |
|
2668
Value Line
VALU
$321M
| $4.11M | ﹤0.01% |
157,969
-1,205
| -0.8% | -$30K |
|
2669
Tidewater
TDW
$3.73B
| $4.1M | ﹤0.01% |
214,432
+190,350
| +790% | +$4.96M |
|
2670
Nature's Sunshine
NATR
$354M
| $4.04M | ﹤0.01% |
496,287
+18,413
| +4% | +$159K |
|
2671
FS Bancorp
FSBW
$319M
| $4.03M | ﹤0.01% |
187,972
+29,252
| +18% | +$682K |
|
|
CTG
2672
DELISTED
Computer Task Group, Inc.
CTG
| $4.03M | ﹤0.01% |
986,590
-1,978
| -0.2% | -$9.07K |
|
2673
Gyre Therapeutics
GYRE
$641M
| $4.01M | ﹤0.01% |
67,764
+13,850
| +26% | +$1.02M |
|
2674
SSR Mining
SSRM
$5.32B
| $4.01M | ﹤0.01% |
331,507
-1,800
| -0.5% | -$19.1K |
|
|
LCI
2675
DELISTED
Lannett Company, Inc.
LCI
| $3.99M | ﹤0.01% |
201,057
-4,489
| -2% | -$85.4K |
|
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.