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 | |
|---|---|---|---|---|---|---|
|
ALXN
1001
DELISTED
Alexion Pharmaceuticals
ALXN
| $61.9M | 0.03% |
635,679
+95,895
| +18% | +$11.3M |
|
|
WDR
1002
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $61.9M | 0.03% |
3,422,932
+43,433
| +1% | +$846K |
|
1003
World Acceptance Corp
WRLD
$838M
| $61.9M | 0.03% |
604,995
-37,784
| -6% | -$3.89M |
|
1004
Gerdau
GGB
$9.74B
| $61.8M | 0.03% |
20,705,168
-890,606
| -4% | -$2.89M |
|
1005
OFG Bancorp
OFG
$2.23B
| $61.6M | 0.03% |
3,739,745
+26,096
| +0.7% | +$439K |
|
1006
Cheesecake Factory
CAKE
$5.04B
| $61.5M | 0.03% |
1,413,874
+95,965
| +7% | +$4.65M |
|
1007
Addus HomeCare
ADUS
$2.16B
| $61.5M | 0.03% |
906,014
-7,110
| -0.8% | -$486K |
|
1008
CTS Corp
CTS
$1.83B
| $61.4M | 0.03% |
2,373,147
-56,817
| -2% | -$1.61M |
|
1009
Madison Square Garden
MSGS
$9.48B
| $61.4M | 0.03% |
321,744
-16,148
| -5% | -$3.14M |
|
1010
Hyster-Yale Materials Handling
HY
$599M
| $61.4M | 0.03% |
991,155
+16,705
| +2% | +$1.04M |
|
1011
Liberty Broadband Class C
LBRDK
$4.88B
| $61.4M | 0.03% |
852,176
+53,173
| +7% | +$4.26M |
|
1012
Evergy
EVRG
$19.1B
| $61.3M | 0.03% |
1,080,468
+22,091
| +2% | +$1.28M |
|
1013
Yum China
YUMC
$16.5B
| $61.1M | 0.03% |
1,822,711
-51,343
| -3% | -$1.76M |
|
|
SIVB
1014
DELISTED
SVB Financial Group
SIVB
| $61.1M | 0.03% |
321,703
+5,656
| +2% | +$1.38M |
|
|
SPR
1015
DELISTED
Spirit AeroSystems
SPR
| $61M | 0.03% |
846,217
+37,859
| +5% | +$3.07M |
|
1016
Kelly Services Class A
KELYA
$514M
| $61M | 0.03% |
2,977,976
+5,619
| +0.2% | +$125K |
|
1017
Archrock
AROC
$6.27B
| $61M | 0.03% |
8,137,987
+562,836
| +7% | +$5.7M |
|
1018
Consolidated Edison
ED
$40.1B
| $60.9M | 0.03% |
796,222
+79,173
| +11% | +$6.19M |
|
|
TRCO
1019
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $60.8M | 0.03% |
1,340,755
+127,434
| +11% | +$5.16M |
|
1020
Acco Brands
ACCO
$389M
| $60.8M | 0.03% |
8,969,226
-91,454
| -1% | -$783K |
|
1021
Arthur J. Gallagher & Co
AJG
$64.1B
| $60.7M | 0.03% |
823,808
+28,397
| +4% | +$2.12M |
|
|
PDCO
1022
DELISTED
Patterson Companies, Inc.
PDCO
| $60.7M | 0.03% |
3,085,525
+822,221
| +36% | +$19.2M |
|
1023
Raymond James Financial
RJF
$33.8B
| $60.6M | 0.03% |
1,221,737
+52,551
| +4% | +$2.8M |
|
1024
Williams-Sonoma
WSM
$26.9B
| $60.5M | 0.03% |
2,399,264
+92,740
| +4% | +$2.65M |
|
|
MDR
1025
DELISTED
McDermott International
MDR
| $60.4M | 0.03% |
9,234,912
+269,091
| +3% | +$2.84M |
|
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.