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 | |
|---|---|---|---|---|---|---|
2826
Ark Restaurants
ARKR
$20.4M
| $2.33M | ﹤0.01% |
126,656
+2,200
| +2% | +$48.8K |
|
|
QADB
2827
DELISTED
QAD Inc. Class B
QADB
| $2.29M | ﹤0.01% |
77,755
| – | – |
|
|
SCX
2828
DELISTED
The L.S. Starrett Company
SCX
| $2.28M | ﹤0.01% |
436,711
-2,241
| -0.5% | -$12.4K |
|
|
PATI
2829
DELISTED
Patriot Transportation Holding, Inc. Common Stock
PATI
| $2.27M | ﹤0.01% |
116,568
+1,243
| +1% | +$24.7K |
|
|
AGTC
2830
DELISTED
Applied Genetic Technologies Corporation
AGTC
| $2.27M | ﹤0.01% |
911,236
+93,652
| +11% | +$549K |
|
|
IO
2831
DELISTED
ION Geophysical Corporation
IO
| $2.27M | ﹤0.01% |
437,336
+7,969
| +2% | +$81K |
|
|
PETQ
2832
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $2.25M | ﹤0.01% |
95,881
+66,498
| +226% | +$2.05M |
|
|
CLD
2833
DELISTED
Cloud Peak Energy Inc
CLD
| $2.24M | ﹤0.01% |
6,117,059
-131,709
| -2% | -$188K |
|
2834
Mizuho Financial
MFG
$127B
| $2.24M | ﹤0.01% |
745,336
-51,475
| -6% | -$171K |
|
|
TPHS
2835
DELISTED
Trinity Place Holdings Inc.com
TPHS
| $2.23M | ﹤0.01% |
514,973
-63,528
| -11% | -$333K |
|
2836
AMES National
ATLO
$271M
| $2.23M | ﹤0.01% |
87,601
+7,634
| +10% | +$207K |
|
2837
Kura Oncology
KURA
$800M
| $2.22M | ﹤0.01% |
+158,260
| New | +$2.1M |
|
|
SYBX
2838
DELISTED
Synlogic
SYBX
| $2.22M | ﹤0.01% |
21,110
+7,041
| +50% | +$927K |
|
2839
BlackBerry
BB
$4.98B
| $2.21M | ﹤0.01% |
310,870
+34,072
| +12% | +$300K |
|
|
TWOU
2840
DELISTED
2U Inc
TWOU
| $2.2M | ﹤0.01% |
1,477
+539
| +57% | +$948K |
|
|
MACK
2841
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $2.2M | ﹤0.01% |
725,510
-3,426
| -0.5% | -$11.9K |
|
2842
Kopin
KOPN
$652M
| $2.2M | ﹤0.01% |
2,203,881
-3,687
| -0.2% | -$6.65K |
|
2843
BayCom
BCML
$329M
| $2.2M | ﹤0.01% |
95,249
+48,015
| +102% | +$1.15M |
|
|
ZNH
2844
DELISTED
China Southern Airlines Company Limited
ZNH
| $2.18M | ﹤0.01% |
71,883
| – | – |
|
2845
McEwen Inc
MUX
$1.03B
| $2.18M | ﹤0.01% |
119,576
-975
| -0.8% | -$18.9K |
|
2846
Pixelworks
PXLW
$38.2M
| $2.17M | ﹤0.01% |
62,352
+9,512
| +18% | +$443K |
|
2847
Aviat Networks
AVNW
$265M
| $2.17M | ﹤0.01% |
326,772
-9,654
| -3% | -$71.9K |
|
2848
Data I/O
DAIO
$29.2M
| $2.16M | ﹤0.01% |
432,071
-2,748
| -0.6% | -$13.6K |
|
|
PFNX
2849
DELISTED
Pfenex Inc.
PFNX
| $2.16M | ﹤0.01% |
676,046
+31,132
| +5% | +$133K |
|
|
GOGL
2850
DELISTED
Golden Ocean Group
GOGL
| $2.15M | ﹤0.01% |
349,389
-5,751
| -2% | -$43.2K |
|
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.