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 | |
|---|---|---|---|---|---|---|
651
Amdocs
DOX
$5.92B
| $88.5M | 0.04% |
1,511,024
+40,673
| +3% | +$2.55M |
|
|
STFC
652
DELISTED
State Auto Financial Corp
STFC
| $88.4M | 0.04% |
2,597,876
-4,068
| -0.2% | -$133K |
|
|
GWB
653
DELISTED
Great Western Bancorp, Inc.
GWB
| $88.4M | 0.04% |
2,827,213
+193,531
| +7% | +$7.04M |
|
|
WP
654
DELISTED
Worldpay, Inc.
WP
| $88.3M | 0.04% |
1,155,537
+144,368
| +14% | +$12.6M |
|
655
The Ensign Group
ENSG
$10.4B
| $88.3M | 0.04% |
2,432,414
+18,675
| +0.8% | +$727K |
|
656
AMN Healthcare
AMN
$1.3B
| $88.2M | 0.04% |
1,557,429
+21,012
| +1% | +$1.18M |
|
|
LTRPA
657
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $88.1M | 0.04% |
5,546,010
-210,619
| -4% | -$3.37M |
|
|
ACC
658
DELISTED
American Campus Communities, Inc.
ACC
| $88.1M | 0.04% |
2,127,465
-13,966
| -0.7% | -$579K |
|
659
Strategic Education
STRA
$1.85B
| $88M | 0.04% |
776,134
-65,588
| -8% | -$8.36M |
|
660
Group 1 Automotive
GPI
$3.41B
| $87.9M | 0.04% |
1,667,024
-95,248
| -5% | -$5.3M |
|
661
Sysco
SYY
$40.8B
| $87.8M | 0.04% |
1,401,640
+54,838
| +4% | +$3.7M |
|
662
First Commonwealth Financial
FCF
$2.18B
| $87.7M | 0.04% |
7,261,979
-55,123
| -0.8% | -$757K |
|
|
WIRE
663
DELISTED
Encore Wire Corp
WIRE
| $87.7M | 0.04% |
1,747,066
-2,918
| -0.2% | -$138K |
|
664
Azenta
AZTA
$1.3B
| $87.6M | 0.04% |
3,346,038
-300,379
| -8% | -$8.77M |
|
665
Qorvo
QRVO
$7.99B
| $87.5M | 0.04% |
1,441,062
+175,203
| +14% | +$11.8M |
|
666
Wolverine World Wide
WWW
$1.61B
| $87.5M | 0.04% |
2,743,014
-244,494
| -8% | -$8.33M |
|
667
Dominion Energy
D
$60.8B
| $87.4M | 0.04% |
1,223,131
+62,702
| +5% | +$4.58M |
|
668
Shinhan Financial Group
SHG
$32.8B
| $87M | 0.04% |
2,450,432
-129,404
| -5% | -$4.89M |
|
|
AJRD
669
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $86.9M | 0.04% |
2,467,725
+54,328
| +2% | +$1.85M |
|
670
Lamar Advertising Co
LAMR
$16.2B
| $86.9M | 0.04% |
1,256,045
+104,898
| +9% | +$7.71M |
|
671
Leidos
LDOS
$14.5B
| $86.9M | 0.04% |
1,648,007
+101,437
| +7% | +$6.3M |
|
672
Genuine Parts
GPC
$17.1B
| $86.8M | 0.04% |
904,189
+22,731
| +3% | +$2.25M |
|
673
Exponent
EXPO
$3.24B
| $86.8M | 0.04% |
1,710,801
-12,950
| -0.8% | -$650K |
|
674
Independent Bank
INDB
$3.99B
| $86.7M | 0.04% |
1,232,615
-5,669
| -0.5% | -$440K |
|
675
NOV
NOV
$6.93B
| $86.5M | 0.04% |
3,366,439
-98,184
| -3% | -$3.39M |
|
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.