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 | |
|---|---|---|---|---|---|---|
751
Invitation Homes
INVH
$17.7B
| $80.6M | 0.04% |
4,014,865
+413,086
| +11% | +$8.84M |
|
752
Timken Company
TKR
$9.56B
| $80.6M | 0.04% |
2,159,524
+197,312
| +10% | +$7.98M |
|
753
Enovis
ENOV
$1.68B
| $80.6M | 0.04% |
2,239,334
+420,049
| +23% | +$19.6M |
|
|
IBTX
754
DELISTED
Independent Bank Group, Inc.
IBTX
| $80.4M | 0.04% |
1,756,303
+216,028
| +14% | +$12.3M |
|
755
Ormat Technologies
ORA
$6B
| $80.3M | 0.04% |
1,534,566
+13,767
| +0.9% | +$724K |
|
756
American Homes 4 Rent
AMH
$12B
| $80.2M | 0.04% |
4,040,639
+52,196
| +1% | +$1.07M |
|
|
EMBJ
757
Embraer S.A. ADS
EMBJ
$12.2B
| $80.1M | 0.04% |
3,619,966
-38,309
| -1% | -$815K |
|
758
Nasdaq
NDAQ
$52.7B
| $79.9M | 0.04% |
2,938,866
+41,337
| +1% | +$1.18M |
|
759
Kaiser Aluminum
KALU
$2.61B
| $79.8M | 0.04% |
893,824
| – | – |
|
|
ETFC
760
DELISTED
E*Trade Financial Corporation
ETFC
| $79.7M | 0.04% |
1,816,046
+23,774
| +1% | +$1.16M |
|
761
Ralph Lauren
RL
$22.6B
| $79.7M | 0.04% |
770,202
-1,444
| -0.2% | -$170K |
|
|
BEAT
762
DELISTED
BioTelemetry, Inc.
BEAT
| $79.5M | 0.04% |
1,330,636
-45,444
| -3% | -$2.73M |
|
763
OSI Systems
OSIS
$3.65B
| $79.4M | 0.04% |
1,083,252
+5,210
| +0.5% | +$376K |
|
764
Walker & Dunlop
WD
$1.71B
| $79.4M | 0.04% |
1,835,756
+13,509
| +0.7% | +$621K |
|
765
Baxter International
BAX
$13.5B
| $79.4M | 0.04% |
1,205,779
+17,633
| +1% | +$1.18M |
|
766
Autoliv
ALV
$9.02B
| $79.4M | 0.04% |
1,129,802
+138,176
| +14% | +$11.2M |
|
767
Brady Corp
BRC
$4.44B
| $79.3M | 0.04% |
1,824,565
+6,243
| +0.3% | +$260K |
|
|
BNCL
768
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $79.2M | 0.04% |
5,544,547
-12,227
| -0.2% | -$189K |
|
769
Healthcare Realty
HR
$7.28B
| $79.2M | 0.04% |
3,128,984
+25,998
| +0.8% | +$689K |
|
|
PARA
770
DELISTED
Paramount Global Class B
PARA
| $79M | 0.04% |
1,807,377
+292,502
| +19% | +$15.5M |
|
|
SASR
771
DELISTED
Sandy Spring Bancorp Inc
SASR
| $79M | 0.04% |
2,520,969
+137,653
| +6% | +$4.86M |
|
772
Paychex
PAYX
$41.6B
| $79M | 0.04% |
1,211,954
+89,380
| +8% | +$6.05M |
|
|
ENIA
773
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $78.9M | 0.04% |
8,845,090
-224,465
| -2% | -$1.85M |
|
|
Y
774
DELISTED
Alleghany Corp
Y
| $78.8M | 0.04% |
126,454
+7,690
| +6% | +$4.74M |
|
|
CERN
775
DELISTED
Cerner Corp
CERN
| $78.8M | 0.04% |
1,502,329
+307,694
| +26% | +$17.8M |
|
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.