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 | |
|---|---|---|---|---|---|---|
|
LONE
2726
DELISTED
Lonestar Resources US Inc. Class A Common Stock
LONE
| $3.22M | ﹤0.01% |
883,200
+229,917
| +35% | +$1.59M |
|
2727
LCNB Corp
LCNB
$282M
| $3.21M | ﹤0.01% |
211,796
+34,270
| +19% | +$576K |
|
|
CHCT
2728
Community Healthcare Trust
CHCT
$523M
| $3.17M | ﹤0.01% |
110,009
+35,595
| +48% | +$1.06M |
|
2729
Iovance Biotherapeutics
IOVA
$1.82B
| $3.16M | ﹤0.01% |
357,128
+326,531
| +1,067% | +$3.15M |
|
2730
Stantec
STN
$8.04B
| $3.14M | ﹤0.01% |
143,711
+5,008
| +4% | +$120K |
|
|
TAHO
2731
DELISTED
Tahoe Resources Inc
TAHO
| $3.12M | ﹤0.01% |
855,932
| – | – |
|
2732
SmartFinancial
SMBK
$896M
| $3.1M | ﹤0.01% |
169,936
+34,372
| +25% | +$713K |
|
2733
Lands' End
LE
$370M
| $3.08M | ﹤0.01% |
217,047
-9,802
| -4% | -$159K |
|
2734
Gaia
GAIA
$46.8M
| $3.08M | ﹤0.01% |
297,525
+3,093
| +1% | +$40.8K |
|
2735
Maui Land & Pineapple Co
MLP
$344M
| $3.08M | ﹤0.01% |
310,656
-9,763
| -3% | -$112K |
|
|
GFED
2736
DELISTED
Guaranty Federal Bancshares In
GFED
| $3.08M | ﹤0.01% |
140,841
+3,590
| +3% | +$83.9K |
|
|
YRD
2737
Yiren Digital
YRD
$97.1M
| $3.07M | ﹤0.01% |
285,846
-14,829
| -5% | -$233K |
|
|
STCN
2738
DELISTED
Steel Connect, Inc. Common Stock
STCN
| $3.06M | ﹤0.01% |
189,587
| – | – |
|
2739
Magnachip Semiconductor
MX
$119M
| $3.06M | ﹤0.01% |
492,125
| – | – |
|
2740
Clear Channel Outdoor Holdings
CCO
$1.23B
| $3.05M | ﹤0.01% |
587,121
+23,797
| +4% | +$134K |
|
2741
Landmark Bancorp
LARK
$191M
| $3.04M | ﹤0.01% |
186,746
+8,392
| +5% | +$150K |
|
|
FNJN
2742
DELISTED
Finjan Holdings, Inc.
FNJN
| $3.03M | ﹤0.01% |
1,207,345
+81,697
| +7% | +$273K |
|
|
VCRA
2743
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $3.01M | ﹤0.01% |
76,388
+47,279
| +162% | +$1.71M |
|
2744
Orrstown Financial Services
ORRF
$840M
| $2.99M | ﹤0.01% |
164,116
+20,494
| +14% | +$435K |
|
2745
CSP Inc
CSPI
$79.7M
| $2.98M | ﹤0.01% |
610,276
-3,968
| -0.6% | -$23.6K |
|
2746
Thomson Reuters
TRI
$42.8B
| $2.98M | ﹤0.01% |
58,457
+5,382
| +10% | +$288K |
|
2747
Peoples Bancorp of North Carolina
PEBK
$229M
| $2.97M | ﹤0.01% |
121,315
| – | – |
|
2748
Collegium Pharmaceutical
COLL
$1.15B
| $2.96M | ﹤0.01% |
172,467
+156,614
| +988% | +$2.68M |
|
2749
Inovio Pharmaceuticals
INO
$55.7M
| $2.95M | ﹤0.01% |
61,497
+18,128
| +42% | +$1.1M |
|
|
INAP
2750
DELISTED
Internap Corporation
INAP
| $2.95M | ﹤0.01% |
710,965
-10,501
| -1% | -$77.8K |
|
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.