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 | |
|---|---|---|---|---|---|---|
|
CRR
3051
DELISTED
Carbo Ceramics Inc.
CRR
| $841K | ﹤0.01% |
241,713
-8,864
| -4% | -$44.3K |
|
|
IMDZ
3052
DELISTED
Immune Design Corp.
IMDZ
| $839K | ﹤0.01% |
645,008
-16,953
| -3% | -$29.5K |
|
|
CPAC
3053
Cementos Pacasmayo
CPAC
$1.01B
| $833K | ﹤0.01% |
86,680
+100
| +0.1% | +$1.01K |
|
3054
James Hardie Industries
JHX
$15.3B
| $829K | ﹤0.01% |
70,610
-741
| -1% | -$9.21K |
|
|
AUTO
3055
DELISTED
AutoWeb, Inc. Common Stock
AUTO
| $829K | ﹤0.01% |
271,844
-1,323
| -0.5% | -$3.2K |
|
3056
Mega Matrix
MPU
$17M
| $824K | ﹤0.01% |
430,415
+14,525
| +3% | +$37.2K |
|
|
MSBF
3057
DELISTED
MSB Financial Corp.
MSBF
| $816K | ﹤0.01% |
45,694
+7,002
| +18% | +$130K |
|
|
FENG
3058
Phoenix New Media
FENG
$18.3M
| $813K | ﹤0.01% |
42,416
+635
| +2% | +$13K |
|
3059
Plumas Bancorp
PLBC
$426M
| $809K | ﹤0.01% |
35,629
+6,305
| +22% | +$154K |
|
3060
Nokia
NOK
$50.9B
| $806K | ﹤0.01% |
138,564
-716,947
| -84% | -$4.02M |
|
3061
Eagle Bancorp Montana
EBMT
$187M
| $803K | ﹤0.01% |
49,689
+600
| +1% | +$10.2K |
|
|
MNDT
3062
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $800K | ﹤0.01% |
49,357
+28,801
| +140% | +$517K |
|
|
AINC
3063
DELISTED
Ashford Inc.
AINC
| $798K | ﹤0.01% |
+15,373
| New | +$968K |
|
3064
Golar LNG
GLNG
$4.96B
| $797K | ﹤0.01% |
36,631
| – | – |
|
|
CPRX
3065
DELISTED
Catalyst Pharmaceutical
CPRX
| $795K | ﹤0.01% |
413,520
+151,738
| +58% | +$434K |
|
3066
SIFCO Industries
SIF
$167M
| $795K | ﹤0.01% |
230,519
-1,500
| -0.6% | -$6.74K |
|
|
PCH
3067
DELISTED
PotlatchDeltic
PCH
| $792K | ﹤0.01% |
25,030
+13,286
| +113% | +$474K |
|
3068
Haverty Furniture Companies Class A
HVT.A
$486M
| $789K | ﹤0.01% |
42,097
| – | – |
|
|
SCTL
3069
DELISTED
Societal CDMO, Inc. Common Stock
SCTL
| $788K | ﹤0.01% |
123,817
-1,561
| -1% | -$9.77K |
|
3070
InfuSystem Holdings
INFU
$188M
| $785K | ﹤0.01% |
228,305
+16,065
| +8% | +$53.1K |
|
3071
Noodles & Co
NDLS
$110M
| $780K | ﹤0.01% |
13,945
+1,320
| +10% | +$98.2K |
|
|
SOHO
3072
DELISTED
Sotherly Hotels
SOHO
| $779K | ﹤0.01% |
138,822
+3,104
| +2% | +$20.8K |
|
3073
Arq
ARQ
$85.9M
| $776K | ﹤0.01% |
73,577
| – | – |
|
|
AAMC
3074
DELISTED
Altisource Asset Management Corp
AAMC
| $775K | ﹤0.01% |
44,356
-8,597
| -16% | -$237K |
|
|
MN
3075
DELISTED
MANNING & NAPIER, INC.
MN
| $772K | ﹤0.01% |
438,457
-19,193
| -4% | -$39.8K |
|
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.