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 | |
|---|---|---|---|---|---|---|
|
IPG
926
DELISTED
Interpublic Group of Companies
IPG
| $66.9M | 0.03% |
3,243,313
+41,879
| +1% | +$957K |
|
927
National Bank Holdings
NBHC
$1.92B
| $66.8M | 0.03% |
2,163,785
-109,729
| -5% | -$3.8M |
|
|
KW
928
DELISTED
Kennedy-Wilson Holdings
KW
| $66.8M | 0.03% |
3,673,990
-145,422
| -4% | -$2.79M |
|
|
OPLN
929
Openlane
OPLN
$4.21B
| $66.7M | 0.03% |
3,692,953
+167,817
| +5% | +$3.48M |
|
930
Keysight
KEYS
$54.5B
| $66.7M | 0.03% |
1,074,178
+70,562
| +7% | +$4.25M |
|
|
SCS
931
DELISTED
Steelcase
SCS
| $66.6M | 0.03% |
4,489,075
-15,250
| -0.3% | -$248K |
|
932
First Interstate BancSystem
FIBK
$3.69B
| $66.5M | 0.03% |
1,818,699
-211,263
| -10% | -$8.78M |
|
933
Performance Food Group
PFGC
$18B
| $66.2M | 0.03% |
2,051,932
+139,473
| +7% | +$4.43M |
|
934
Zurn Elkay Water Solutions
ZWS
$8.38B
| $66.1M | 0.03% |
5,975,494
+69,837
| +1% | +$906K |
|
|
VRTU
935
DELISTED
Virtusa Corporation
VRTU
| $66.1M | 0.03% |
1,550,976
-127,981
| -8% | -$5.85M |
|
936
ONE Gas
OGS
$4.87B
| $66M | 0.03% |
829,279
-6,507
| -0.8% | -$537K |
|
937
Valmont Industries
VMI
$9.3B
| $66M | 0.03% |
594,541
+7,032
| +1% | +$876K |
|
938
Applied Industrial Technologies
AIT
$12.8B
| $65.4M | 0.03% |
1,212,821
+14,768
| +1% | +$965K |
|
939
Ziff Davis
ZD
$1.96B
| $65.4M | 0.03% |
1,083,951
+61,179
| +6% | +$3.86M |
|
|
TBI
940
Trueblue
TBI
$215M
| $65.4M | 0.03% |
2,938,757
+170,950
| +6% | +$4.1M |
|
941
Universal Insurance Holdings
UVE
$1.22B
| $65.3M | 0.03% |
1,723,186
+15,420
| +0.9% | +$671K |
|
|
VRNT
942
DELISTED
Verint Systems
VRNT
| $65.3M | 0.03% |
3,029,898
-97,893
| -3% | -$2.25M |
|
943
Greif
GEF
$4.92B
| $65.2M | 0.03% |
1,758,159
-22,656
| -1% | -$1.06M |
|
944
Cinemark Holdings
CNK
$4.24B
| $65.2M | 0.03% |
1,821,728
+34,887
| +2% | +$1.38M |
|
945
ePlus
PLUS
$2.42B
| $65.2M | 0.03% |
1,832,032
-75,288
| -4% | -$3.04M |
|
946
Watts Water Technologies
WTS
$11.5B
| $65.2M | 0.03% |
1,009,786
+11,985
| +1% | +$861K |
|
947
America Movil
AMX
$76.1B
| $65.1M | 0.03% |
4,568,667
-33,977
| -0.7% | -$488K |
|
948
Flex
FLEX
$41.7B
| $65M | 0.03% |
11,334,754
+1,114,654
| +11% | +$7.79M |
|
949
Regis Corp
RGS
$68.4M
| $65M | 0.03% |
191,709
-2,392
| -1% | -$854K |
|
950
Sprouts Farmers Market
SFM
$8.13B
| $65M | 0.03% |
2,763,323
+130,215
| +5% | +$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.