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 |
Berkshire Hathaway Class B
BRK.B
|
+$680M |
| 2 |
AT&T
T
|
+$398M |
| 3 |
Bank of America
BAC
|
+$266M |
| 4 |
Pfizer
PFE
|
+$254M |
| 5 |
EFOR
Everforth Inc
EFOR
|
+$168M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$823M |
| 2 |
Qualcomm
QCOM
|
+$263M |
| 3 |
Cisco
CSCO
|
+$233M |
| 4 |
JPMorgan Chase
JPM
|
+$147M |
| 5 |
MON
Monsanto Co
MON
|
+$115M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.59% |
| 2 | Industrials | 12.95% |
| 3 | Technology | 12.72% |
| 4 | Consumer Discretionary | 10.67% |
| 5 | Healthcare | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
INVX
326
Innovex International
INVX
$1.85B
| $162M | 0.06% |
3,156,615
-55,736
| -2% | -$2.6M |
|
327
Oil States International
OIS
$456M
| $161M | 0.06% |
5,029,283
+283,704
| +6% | +$9.54M |
|
328
Devon Energy
DVN
$50.9B
| $161M | 0.06% |
3,669,095
+161,232
| +5% | +$6.25M |
|
329
Goodyear
GT
$2.04B
| $161M | 0.06% |
6,903,172
+290,006
| +4% | +$7.45M |
|
|
FNSR
330
DELISTED
Finisar Corp
FNSR
| $160M | 0.06% |
8,915,553
+1,328,867
| +18% | +$22M |
|
331
Hancock Whitney
HWC
$6.14B
| $160M | 0.06% |
3,439,889
-709,198
| -17% | -$36M |
|
332
Kirby Corp
KEX
$7.08B
| $160M | 0.06% |
1,913,961
-256,325
| -12% | -$22.2M |
|
|
LPNT
333
DELISTED
LifePoint Health, Inc.
LPNT
| $160M | 0.06% |
3,276,133
-28,993
| -0.9% | -$1.5M |
|
|
SEMG
334
DELISTED
SEMGROUP CORPORATION
SEMG
| $160M | 0.06% |
6,280,734
+516,765
| +9% | +$12.7M |
|
|
PACW
335
DELISTED
PacWest Bancorp
PACW
| $160M | 0.06% |
3,227,791
+71,944
| +2% | +$3.76M |
|
336
Aecom
ACM
$9.22B
| $159M | 0.06% |
4,819,230
+42,033
| +0.9% | +$1.44M |
|
337
NETGEAR
NTGR
$616M
| $159M | 0.06% |
2,542,532
-116,917
| -4% | -$7.1M |
|
|
DRE
338
DELISTED
Duke Realty Corp.
DRE
| $158M | 0.06% |
5,456,041
+65,376
| +1% | +$1.8M |
|
339
American Financial Group
AFG
$11.8B
| $158M | 0.06% |
1,469,552
-98,359
| -6% | -$10.9M |
|
340
Automatic Data Processing
ADP
$105B
| $157M | 0.06% |
1,173,413
+27,427
| +2% | +$3.48M |
|
341
Northrop Grumman
NOC
$76B
| $157M | 0.06% |
510,741
+1,750
| +0.3% | +$579K |
|
342
Designer Brands
DBI
$314M
| $157M | 0.06% |
6,085,589
-33,846
| -0.6% | -$809K |
|
343
SL Green Realty
SLG
$3.81B
| $157M | 0.06% |
1,612,119
+2,398
| +0.1% | +$227K |
|
344
Cathay General Bancorp
CATY
$4.21B
| $157M | 0.06% |
3,874,123
+127,407
| +3% | +$5.28M |
|
345
Dillards
DDS
$9.41B
| $157M | 0.06% |
1,658,538
-19,119
| -1% | -$1.56M |
|
|
SNP
346
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $157M | 0.06% |
1,744,509
-58,013
| -3% | -$5.55M |
|
|
ZNGA
347
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $156M | 0.06% |
38,377,152
-7,422,162
| -16% | -$29.1M |
|
348
Kroger
KR
$35.4B
| $156M | 0.06% |
5,485,099
+1,465,865
| +36% | +$36.9M |
|
349
Seaboard Corp
SEB
$4.32B
| $156M | 0.06% |
39,338
-584
| -1% | -$2.36M |
|
350
Banner Corp
BANR
$2.37B
| $156M | 0.06% |
2,589,380
+231,836
| +10% | +$13.6M |
|
Similar funds
Dimensional Fund Advisors's Q2 2018 Portfolio in Review
As of Q2 2018, Dimensional Fund Advisors held 3,442 positions worth $251B, up 4.5% from $240B the previous quarter. Its ten largest holdings account for 9.5% of the portfolio.
Trading was light in Q2 2018: portfolio turnover was 5%. Dimensional Fund Advisors opened 95 new positions and exited 76, leaving the 3,442-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 20% a quarter earlier, followed by Industrials and Technology.
- Dimensional Fund Advisors's largest Q2 2018 buy was nVent Electric: 2,369,790 shares worth $59.5M.
- Dimensional Fund Advisors added most to Berkshire Hathaway Class B in Q2 2018, an estimated $680M increase.
- Dimensional Fund Advisors's biggest Q2 2018 reduction was Qualcomm, cutting an estimated $263M.
- Dimensional Fund Advisors fully exited Time Warner Inc in Q2 2018, selling an estimated $823M.
- Dimensional Fund Advisors's ten largest holdings make up 9.5% of its $251B portfolio in Q2 2018.
- Dimensional Fund Advisors opened 95 new positions and closed 76 in Q2 2018.
- Dimensional Fund Advisors's portfolio value rose 4.5% quarter-over-quarter to $251B.
Based on Dimensional Fund Advisors's 13F filing for Q2 2018, filed 10 Aug 2018.