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 | |
|---|---|---|---|---|---|---|
501
Xerox
XRX
$403M
| $123M | 0.05% |
5,117,531
-127,950
| -2% | -$3.62M |
|
502
Prestige Consumer Healthcare
PBH
$2.36B
| $123M | 0.05% |
3,199,714
+876,192
| +38% | +$29.5M |
|
503
Ciena
CIEN
$53.9B
| $123M | 0.05% |
4,630,051
+224,828
| +5% | +$5.71M |
|
504
Baidu
BIDU
$37.4B
| $122M | 0.05% |
501,454
+10,417
| +2% | +$2.59M |
|
505
Westlake Corp
WLK
$8.99B
| $122M | 0.05% |
1,130,411
+3,499
| +0.3% | +$392K |
|
506
Benchmark Electronics
BHE
$2.91B
| $121M | 0.05% |
4,152,447
-48,477
| -1% | -$1.39M |
|
507
IQVIA
IQV
$38.5B
| $121M | 0.05% |
1,210,126
-3,948
| -0.3% | -$394K |
|
508
eBay
EBAY
$50.5B
| $120M | 0.05% |
3,320,093
-3,974
| -0.1% | -$155K |
|
509
Minerals Technologies
MTX
$2.36B
| $120M | 0.05% |
1,594,877
+99,153
| +7% | +$7.15M |
|
|
ARRS
510
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $120M | 0.05% |
4,908,852
+139,838
| +3% | +$3.68M |
|
|
THS
511
DELISTED
Treehouse Foods
THS
| $120M | 0.05% |
2,284,193
+319,196
| +16% | +$14.5M |
|
|
KRA
512
DELISTED
Kraton Corporation
KRA
| $120M | 0.05% |
2,599,451
-28,943
| -1% | -$1.41M |
|
513
First Commonwealth Financial
FCF
$2.16B
| $120M | 0.05% |
7,710,145
-260,935
| -3% | -$4.01M |
|
514
Bunge Global
BG
$20.2B
| $119M | 0.05% |
1,712,763
-292,929
| -15% | -$21M |
|
515
Coherent
COHR
$51.3B
| $119M | 0.05% |
2,746,791
+6,587
| +0.2% | +$291K |
|
|
WPX
516
DELISTED
WPX Energy, Inc.
WPX
| $119M | 0.05% |
6,606,150
+98,950
| +2% | +$1.69M |
|
517
Vulcan Materials
VMC
$35.2B
| $119M | 0.05% |
922,142
+2,536
| +0.3% | +$313K |
|
518
NetApp
NTAP
$34.8B
| $119M | 0.05% |
1,514,104
+4,702
| +0.3% | +$331K |
|
519
Prosperity Bancshares
PB
$8.97B
| $118M | 0.05% |
1,731,827
+19,755
| +1% | +$1.44M |
|
|
BRKL
520
DELISTED
Brookline Bancorp
BRKL
| $118M | 0.05% |
6,355,574
-92,701
| -1% | -$1.63M |
|
|
MANT
521
DELISTED
Mantech International Corp
MANT
| $118M | 0.05% |
2,202,332
+11,349
| +0.5% | +$632K |
|
522
Oshkosh
OSK
$8.92B
| $118M | 0.05% |
1,679,656
-42,257
| -2% | -$3.16M |
|
523
Illinois Tool Works
ITW
$82.5B
| $118M | 0.05% |
851,284
+9,412
| +1% | +$1.39M |
|
|
MRSH
524
Marsh
MRSH
$90.9B
| $118M | 0.05% |
1,437,247
+62,735
| +5% | +$5.12M |
|
525
Primerica
PRI
$10.1B
| $117M | 0.05% |
1,178,270
-161,831
| -12% | -$15.8M |
|
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.