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 | |
|---|---|---|---|---|---|---|
501
Brookdale Senior Living
BKD
$3.49B
| $105M | 0.05% |
15,745,300
+109,234
| +0.7% | +$916K |
|
|
ESV
502
DELISTED
Ensco Rowan plc
ESV
| $105M | 0.05% |
7,406,115
+14,403
| +0.2% | +$371K |
|
503
CONMED
CNMD
$1.39B
| $105M | 0.05% |
1,640,062
-115,403
| -7% | -$7.9M |
|
504
Boston Scientific
BSX
$69.5B
| $105M | 0.05% |
2,978,445
+51,606
| +2% | +$1.87M |
|
505
NetEase
NTES
$85.3B
| $105M | 0.05% |
2,234,120
+61,205
| +3% | +$2.76M |
|
506
Unifirst Corp
UNF
$5.3B
| $105M | 0.05% |
735,261
-19,113
| -3% | -$2.86M |
|
|
CHU
507
DELISTED
China Unicom (HONG KONG) Limited
CHU
| $105M | 0.05% |
9,862,936
-617,750
| -6% | -$6.87M |
|
508
Ecolab
ECL
$78.1B
| $105M | 0.05% |
713,114
+13,857
| +2% | +$2.12M |
|
509
HUB Group
HUBG
$2.85B
| $105M | 0.05% |
5,667,198
+215,094
| +4% | +$4.61M |
|
|
CADE
510
DELISTED
Cadence Bank
CADE
| $105M | 0.05% |
4,017,562
+84,102
| +2% | +$2.45M |
|
511
White Mountains Insurance
WTM
$5.2B
| $104M | 0.05% |
121,813
+1,552
| +1% | +$1.38M |
|
|
DCH
512
Dauch Corp
DCH
$1.34B
| $104M | 0.05% |
9,386,258
-12,766
| -0.1% | -$171K |
|
|
ATVI
513
DELISTED
Activision Blizzard
ATVI
| $104M | 0.05% |
2,233,103
-295,674
| -12% | -$17.7M |
|
|
LM
514
DELISTED
Legg Mason, Inc.
LM
| $104M | 0.05% |
4,075,993
+18,559
| +0.5% | +$520K |
|
|
MDP
515
DELISTED
Meredith Corporation
MDP
| $104M | 0.05% |
1,998,726
-41,098
| -2% | -$2.23M |
|
516
Peabody Energy
BTU
$2.6B
| $104M | 0.05% |
3,398,714
+106,490
| +3% | +$3.57M |
|
517
RenaissanceRe
RNR
$13.3B
| $104M | 0.05% |
774,681
-52,063
| -6% | -$6.8M |
|
518
Colgate-Palmolive
CL
$73.1B
| $103M | 0.05% |
1,737,377
+57,606
| +3% | +$3.6M |
|
519
ManpowerGroup
MAN
$2.44B
| $103M | 0.05% |
1,592,465
+75,824
| +5% | +$5.76M |
|
520
State Street
STT
$50.6B
| $103M | 0.05% |
1,628,598
+201,989
| +14% | +$14.5M |
|
521
Ameriprise Financial
AMP
$48.3B
| $103M | 0.05% |
984,359
+181,115
| +23% | +$22.7M |
|
|
CEO
522
DELISTED
CNOOC Limited
CEO
| $103M | 0.05% |
673,320
-11,452
| -2% | -$1.95M |
|
|
SWN
523
DELISTED
Southwestern Energy Company
SWN
| $103M | 0.05% |
30,097,406
+4,004,463
| +15% | +$19.7M |
|
|
BBT
524
Beacon Financial Corp
BBT
$2.66B
| $103M | 0.05% |
3,801,896
-19,466
| -0.5% | -$654K |
|
525
CBRE Group
CBRE
$42.5B
| $103M | 0.05% |
2,560,714
+653,165
| +34% | +$27M |
|
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.