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 | |
|---|---|---|---|---|---|---|
2901
Ohio Valley Banc Corp
OVBC
$198M
| $1.77M | ﹤0.01% |
49,961
| – | – |
|
2902
RBB Bancorp
RBB
$448M
| $1.76M | ﹤0.01% |
100,207
+55,461
| +124% | +$1.19M |
|
|
STML
2903
DELISTED
Stemline Therapeutics, Inc.
STML
| $1.76M | ﹤0.01% |
185,395
+14,275
| +8% | +$185K |
|
|
INOV
2904
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $1.76M | ﹤0.01% |
124,037
| – | – |
|
2905
Chemung Financial Corp
CHMG
$393M
| $1.76M | ﹤0.01% |
42,541
+5,972
| +16% | +$252K |
|
2906
Jakks Pacific
JAKK
$301M
| $1.76M | ﹤0.01% |
119,456
-3,315
| -3% | -$74.9K |
|
|
HZN
2907
DELISTED
Horizon Global Corporation
HZN
| $1.75M | ﹤0.01% |
1,225,077
-201,254
| -14% | -$785K |
|
|
MIXT
2908
DELISTED
MIX TELEMATICS LIMITED
MIXT
| $1.72M | ﹤0.01% |
110,383
+6,346
| +6% | +$101K |
|
|
MXWL
2909
DELISTED
Maxwell Technologies Inc
MXWL
| $1.72M | ﹤0.01% |
830,079
-16,234
| -2% | -$43.9K |
|
|
CCRD
2910
DELISTED
CoreCard
CCRD
| $1.72M | ﹤0.01% |
132,829
-936
| -0.7% | -$11K |
|
|
CETV
2911
DELISTED
Central European Media Enterprises Ltd
CETV
| $1.71M | ﹤0.01% |
614,962
-2,823
| -0.5% | -$9.29K |
|
2912
Optical Cable Corp
OCC
$131M
| $1.71M | ﹤0.01% |
447,679
+8,085
| +2% | +$37.7K |
|
2913
Teekay
TK
$1.01B
| $1.69M | ﹤0.01% |
505,557
-7,735
| -2% | -$42.4K |
|
|
GDP
2914
DELISTED
Goodrich Petroleum Corporation Common Stock
GDP
| $1.65M | ﹤0.01% |
122,104
+16,625
| +16% | +$234K |
|
|
EEI
2915
DELISTED
Ecology and Environment
EEI
| $1.63M | ﹤0.01% |
143,590
-861
| -0.6% | -$10.3K |
|
2916
Flanigan's Enterprises
BDL
$77.6M
| $1.62M | ﹤0.01% |
62,485
+326
| +0.5% | +$8.79K |
|
2917
Rocky Mountain Chocolate Factory
RMCF
$7.93M
| $1.61M | ﹤0.01% |
192,058
-1,016
| -0.5% | -$8.87K |
|
2918
Smart Sand
SND
$185M
| $1.61M | ﹤0.01% |
724,271
| – | – |
|
2919
First Community Corp
FCCO
$321M
| $1.6M | ﹤0.01% |
82,466
+7,360
| +10% | +$163K |
|
2920
Educational Development Corp
EDUC
$11.8M
| $1.59M | ﹤0.01% |
186,468
| – | – |
|
|
GNTY
2921
DELISTED
Guaranty Bancshares
GNTY
| $1.59M | ﹤0.01% |
58,671
+37,817
| +181% | +$1.03M |
|
|
XIN
2922
DELISTED
Xinyuan Real Estate
XIN
| $1.59M | ﹤0.01% |
41,837
-7
| -0% | -$286 |
|
|
JAG
2923
DELISTED
Jagged Peak Energy Inc.
JAG
| $1.59M | ﹤0.01% |
174,363
+10,848
| +7% | +$130K |
|
2924
Asure Software
ASUR
$230M
| $1.59M | ﹤0.01% |
312,340
-397
| -0.1% | -$3.27K |
|
|
BCOV
2925
DELISTED
Brightcove, Inc.
BCOV
| $1.58M | ﹤0.01% |
225,107
+121,386
| +117% | +$911K |
|
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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.