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 | |
|---|---|---|---|---|---|---|
301
Carpenter Technology
CRS
$25.8B
| $141M | 0.06% |
3,964,000
+88,200
| +2% | +$3.98M |
|
|
DRE
302
DELISTED
Duke Realty Corp.
DRE
| $141M | 0.06% |
5,424,909
-49,972
| -0.9% | -$1.39M |
|
303
Jabil
JBL
$32.7B
| $140M | 0.06% |
5,654,935
-261,791
| -4% | -$6.39M |
|
304
Banner Corp
BANR
$2.38B
| $140M | 0.06% |
2,616,712
-45,869
| -2% | -$2.66M |
|
305
Lam Research
LRCX
$377B
| $140M | 0.06% |
10,259,300
+22,000
| +0.2% | +$315K |
|
|
TPH
306
DELISTED
Tri Pointe Homes
TPH
| $139M | 0.06% |
12,757,242
-19,470
| -0.2% | -$230K |
|
307
Owens Corning
OC
$11.2B
| $139M | 0.06% |
3,164,180
+92,537
| +3% | +$4.48M |
|
|
GES
308
DELISTED
Guess Inc
GES
| $139M | 0.06% |
6,692,875
-245,987
| -4% | -$5.21M |
|
|
TMHC
309
DELISTED
Taylor Morrison
TMHC
| $139M | 0.06% |
8,734,795
+51,654
| +0.6% | +$843K |
|
310
Loews
L
$24.1B
| $139M | 0.06% |
3,042,922
-54,284
| -2% | -$2.56M |
|
311
Mohawk Industries
MHK
$7.56B
| $138M | 0.06% |
1,183,033
+30,054
| +3% | +$4.01M |
|
312
ABM Industries
ABM
$2.8B
| $138M | 0.06% |
4,308,210
+314,837
| +8% | +$9.64M |
|
|
FMBI
313
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $138M | 0.06% |
6,978,181
+211,441
| +3% | +$4.86M |
|
|
QVCGA
314
DELISTED
QVC Group Inc Series A
QVCGA
| $138M | 0.06% |
145,815
+1,018
| +0.7% | +$1.07M |
|
315
Norwegian Cruise Line
NCLH
$8.57B
| $138M | 0.06% |
3,258,749
+174,266
| +6% | +$8.45M |
|
316
Sanmina
SANM
$10.1B
| $138M | 0.06% |
5,737,980
-49,683
| -0.9% | -$1.25M |
|
317
Seaboard Corp
SEB
$4.27B
| $137M | 0.06% |
38,854
-190
| -0.5% | -$701K |
|
|
CTB
318
DELISTED
Cooper Tire & Rubber Co.
CTB
| $137M | 0.06% |
4,248,425
-543
| -0% | -$16.5K |
|
319
Gold Fields
GFI
$28.9B
| $137M | 0.06% |
38,786,737
-69,815
| -0.2% | -$206K |
|
320
Regency Centers
REG
$14.7B
| $136M | 0.06% |
2,324,654
-137,436
| -6% | -$8.6M |
|
|
JNPR
321
DELISTED
Juniper Networks
JNPR
| $136M | 0.06% |
5,065,276
-138,338
| -3% | -$3.91M |
|
322
Provident Financial Services
PFS
$3.21B
| $136M | 0.06% |
5,639,590
-3,400
| -0.1% | -$82.3K |
|
323
Murphy Oil
MUR
$5.57B
| $136M | 0.06% |
5,817,092
+93,228
| +2% | +$2.86M |
|
|
KSU
324
DELISTED
Kansas City Southern
KSU
| $136M | 0.06% |
1,424,864
+13,397
| +0.9% | +$1.36M |
|
|
APC
325
DELISTED
Anadarko Petroleum
APC
| $136M | 0.06% |
3,098,627
+154,340
| +5% | +$8.7M |
|
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.