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 | |
|---|---|---|---|---|---|---|
3076
Kentucky First Federal Bancorp
KFFB
$44.1M
| $768K | ﹤0.01% |
111,099
+10,221
| +10% | +$80K |
|
3077
CarParts.com
PRTS
$43.6M
| $767K | ﹤0.01% |
84,301
-682
| -0.8% | -$8.55K |
|
|
IOTS
3078
DELISTED
Adesto Technologies Corp
IOTS
| $758K | ﹤0.01% |
172,316
+75,962
| +79% | +$363K |
|
3079
American Superconductor
AMSC
$1.45B
| $757K | ﹤0.01% |
67,937
-1,238
| -2% | -$10.6K |
|
3080
Neurogene
NGNE
$655M
| $756K | ﹤0.01% |
17,500
+3,736
| +27% | +$182K |
|
3081
Assembly Biosciences
ASMB
$499M
| $748K | ﹤0.01% |
+2,755
| New | +$797K |
|
3082
Tenaris
TS
$28.9B
| $748K | ﹤0.01% |
35,083
-12,007
| -25% | -$333K |
|
|
GOOS
3083
Canada Goose Holdings
GOOS
$877M
| $745K | ﹤0.01% |
+17,031
| New | +$949K |
|
|
CIZN
3084
DELISTED
Citizens Holding Co.
CIZN
| $739K | ﹤0.01% |
35,568
+500
| +1% | +$10.9K |
|
|
SVT
3085
DELISTED
Servotronics
SVT
| $731K | ﹤0.01% |
73,488
| – | – |
|
|
STEL
3086
DELISTED
Stellar Bancorp
STEL
| $717K | ﹤0.01% |
+24,398
| New | +$809K |
|
3087
CoreCivic
CXW
$2.98B
| $711K | ﹤0.01% |
39,774
+23,052
| +138% | +$506K |
|
|
SGB
3088
DELISTED
Southwest Georgia Financial Corporation
SGB
| $710K | ﹤0.01% |
35,029
+40
| +0.1% | +$911 |
|
3089
Celldex Therapeutics
CLDX
$2.95B
| $707K | ﹤0.01% |
238,218
-7,341
| -3% | -$36.1K |
|
|
DXYN
3090
DELISTED
Dixie Group Inc
DXYN
| $706K | ﹤0.01% |
1,004,199
-88,839
| -8% | -$112K |
|
3091
Hennessy Advisors
HNNA
$77.1M
| $699K | ﹤0.01% |
69,805
-269
| -0.4% | -$3.26K |
|
|
NSEC
3092
DELISTED
National Security Group Inc
NSEC
| $698K | ﹤0.01% |
53,671
| – | – |
|
|
UBOH
3093
DELISTED
United Bancshares Inc/OH
UBOH
| $691K | ﹤0.01% |
35,630
+700
| +2% | +$15.5K |
|
3094
MVB Financial
MVBF
$396M
| $689K | ﹤0.01% |
38,197
+7,473
| +24% | +$136K |
|
3095
Summit State Bank
SSBI
$85.6M
| $689K | ﹤0.01% |
64,394
+2,268
| +4% | +$26.6K |
|
3096
CarGurus
CARG
$3.21B
| $686K | ﹤0.01% |
+20,347
| New | +$816K |
|
|
QVCGB
3097
DELISTED
QVC Group, Inc. Series B Common Stock
QVCGB
| $683K | ﹤0.01% |
762
-36
| -5% | -$38.1K |
|
3098
CytomX Therapeutics
CTMX
$686M
| $681K | ﹤0.01% |
+45,115
| New | +$669K |
|
|
RRTS
3099
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
| $677K | ﹤0.01% |
54,593
-18,903
| -26% | -$287K |
|
3100
Mid Penn Bancorp
MPB
$971M
| $671K | ﹤0.01% |
29,147
| – | – |
|
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.