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 | |
|---|---|---|---|---|---|---|
801
FormFactor
FORM
$8.28B
| $76.3M | 0.03% |
5,416,256
+128,782
| +2% | +$1.8M |
|
802
Monro
MNRO
$383M
| $76.3M | 0.03% |
1,109,876
-31,155
| -3% | -$2.28M |
|
803
Armstrong World Industries
AWI
$7.38B
| $75.8M | 0.03% |
1,301,884
+22,959
| +2% | +$1.47M |
|
804
Boise Cascade
BCC
$2.69B
| $75.8M | 0.03% |
3,177,418
+289,177
| +10% | +$8.31M |
|
805
Cintas
CTAS
$81.9B
| $75.8M | 0.03% |
1,804,212
+53,484
| +3% | +$2.39M |
|
|
DISCK
806
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $75.4M | 0.03% |
3,267,270
+195,320
| +6% | +$5.44M |
|
807
Mine Safety
MSA
$7.35B
| $75.3M | 0.03% |
798,981
-8,885
| -1% | -$907K |
|
808
Materion
MTRN
$4.39B
| $75.3M | 0.03% |
1,673,063
-1,776
| -0.1% | -$94.4K |
|
809
InterDigital
IDCC
$7.87B
| $75.2M | 0.03% |
1,131,754
+14,767
| +1% | +$1.08M |
|
|
ALE
810
DELISTED
Allete
ALE
| $75M | 0.03% |
984,166
+3,176
| +0.3% | +$246K |
|
811
Church & Dwight Co
CHD
$23.4B
| $74.9M | 0.03% |
1,139,618
+23,690
| +2% | +$1.5M |
|
812
New York Times
NYT
$12.1B
| $74.9M | 0.03% |
3,360,413
-656,406
| -16% | -$16.6M |
|
813
RBC Bearings
RBC
$17.4B
| $74.8M | 0.03% |
570,808
+11,258
| +2% | +$1.64M |
|
814
Bausch Health
BHC
$2.58B
| $74.8M | 0.03% |
4,051,363
-1,228,666
| -23% | -$29.2M |
|
815
NBT Bancorp
NBTB
$2.74B
| $74.8M | 0.03% |
2,162,472
+18,897
| +0.9% | +$694K |
|
816
Steven Madden
SHOO
$3.37B
| $74.7M | 0.03% |
2,470,104
+7,696
| +0.3% | +$237K |
|
|
EFII
817
DELISTED
Electronics for Imaging
EFII
| $74.7M | 0.03% |
3,013,657
+195,146
| +7% | +$5.63M |
|
818
Worthington Enterprises
WOR
$2.75B
| $74.6M | 0.03% |
3,471,335
+34,351
| +1% | +$855K |
|
|
NWLI
819
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $74.5M | 0.03% |
247,788
+15,394
| +7% | +$4.51M |
|
820
EPR Properties
EPR
$4.76B
| $74.3M | 0.03% |
1,159,602
+7,086
| +0.6% | +$488K |
|
821
Cirrus Logic
CRUS
$6.53B
| $74.1M | 0.03% |
2,233,941
-38,090
| -2% | -$1.41M |
|
822
Ulta Beauty
ULTA
$22B
| $74.1M | 0.03% |
302,664
+10,616
| +4% | +$2.93M |
|
823
Scansource
SCSC
$1.15B
| $74.1M | 0.03% |
2,155,218
+5,057
| +0.2% | +$190K |
|
824
ArcBest
ARCB
$3.23B
| $74.1M | 0.03% |
2,162,702
+756
| +0% | +$29.3K |
|
825
Roper Technologies
ROP
$38.8B
| $74.1M | 0.03% |
277,955
+10,901
| +4% | +$3.08M |
|
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.