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 | |
|---|---|---|---|---|---|---|
|
GWR
401
DELISTED
Genesee & Wyoming Inc.
GWR
| $120M | 0.05% |
1,625,037
+34,236
| +2% | +$2.74M |
|
|
SF
402
Stifel
SF
$12.6B
| $120M | 0.05% |
6,530,749
+421,171
| +7% | +$8.73M |
|
|
SNP
403
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $119M | 0.05% |
1,690,866
-46,273
| -3% | -$3.86M |
|
404
Snap-on
SNA
$21.2B
| $119M | 0.05% |
821,268
+91,309
| +13% | +$14.4M |
|
405
ESCO Technologies
ESE
$8.17B
| $119M | 0.05% |
1,805,857
-32,609
| -2% | -$2.12M |
|
406
Chord Energy
CHRD
$7.9B
| $119M | 0.05% |
21,523,088
+1,012,789
| +5% | +$9.19M |
|
407
Xerox
XRX
$386M
| $119M | 0.05% |
6,018,846
+454,284
| +8% | +$11.7M |
|
408
Designer Brands
DBI
$307M
| $119M | 0.05% |
4,812,241
-480,900
| -9% | -$12.9M |
|
409
United Therapeutics
UTHR
$25.8B
| $119M | 0.05% |
1,088,982
+29,427
| +3% | +$3.41M |
|
410
LiveRamp
RAMP
$2.3B
| $118M | 0.05% |
3,066,256
-93,069
| -3% | -$4.21M |
|
411
Lennar Class A
LEN
$19.8B
| $118M | 0.05% |
3,123,672
-279,529
| -8% | -$11.4M |
|
412
Becton Dickinson
BDX
$45.6B
| $118M | 0.05% |
538,433
+50,982
| +10% | +$11.8M |
|
|
IDTI
413
DELISTED
Integrated Device Technology I
IDTI
| $118M | 0.05% |
2,441,879
+31,705
| +1% | +$1.5M |
|
414
Green Dot
GDOT
$743M
| $118M | 0.05% |
1,486,038
-286,028
| -16% | -$22.6M |
|
415
Hope Bancorp
HOPE
$1.79B
| $118M | 0.05% |
9,957,239
+4,212
| +0% | +$60.3K |
|
416
Scotiabank
BNS
$107B
| $118M | 0.05% |
2,367,908
+409,914
| +21% | +$22.1M |
|
|
FBC
417
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $118M | 0.05% |
4,458,055
+216,220
| +5% | +$6.46M |
|
418
Kirby Corp
KEX
$7.01B
| $118M | 0.05% |
1,745,677
-20,516
| -1% | -$1.52M |
|
|
AMED
419
DELISTED
Amedisys
AMED
| $117M | 0.05% |
1,001,204
-60,472
| -6% | -$7.13M |
|
420
Suncor Energy
SU
$79.4B
| $117M | 0.05% |
4,182,208
+251,585
| +6% | +$8.36M |
|
|
TCF
421
DELISTED
TCF Financial Corporation Common Stock
TCF
| $117M | 0.05% |
3,189,834
+185,916
| +6% | +$8.49M |
|
422
United Fire Group
UFCS
$1.32B
| $117M | 0.05% |
2,102,872
-14,986
| -0.7% | -$772K |
|
|
MGLN
423
DELISTED
Magellan Health Services, Inc.
MGLN
| $117M | 0.05% |
2,048,731
-15,003
| -0.7% | -$925K |
|
424
Kulicke & Soffa
KLIC
$4.67B
| $116M | 0.05% |
5,744,673
-60,448
| -1% | -$1.25M |
|
|
THS
425
DELISTED
Treehouse Foods
THS
| $116M | 0.05% |
2,287,964
-5,241
| -0.2% | -$258K |
|
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.