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 | |
|---|---|---|---|---|---|---|
1026
Public Service Enterprise Group
PEG
$38.2B
| $60.4M | 0.03% |
1,159,933
+72,965
| +7% | +$3.93M |
|
|
SYNH
1027
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $60.3M | 0.03% |
1,533,319
-124,403
| -8% | -$5.78M |
|
1028
Royal Gold
RGLD
$16.8B
| $60.3M | 0.03% |
704,006
-35,375
| -5% | -$2.72M |
|
1029
Markel Group
MKL
$23.3B
| $60.2M | 0.03% |
58,026
+1,594
| +3% | +$1.74M |
|
1030
Cavco Industries
CVCO
$4.22B
| $60.1M | 0.03% |
461,231
+4,673
| +1% | +$845K |
|
|
CHS
1031
DELISTED
Chicos FAS, Inc.
CHS
| $60.1M | 0.03% |
10,693,857
-148,827
| -1% | -$1.04M |
|
1032
Jack in the Box
JACK
$312M
| $60.1M | 0.03% |
774,126
+29,678
| +4% | +$2.41M |
|
1033
Towne Bank
TOWN
$3.46B
| $60.1M | 0.03% |
2,508,169
+133,809
| +6% | +$3.67M |
|
1034
Expedia Group
EXPE
$35.4B
| $60M | 0.03% |
532,705
+18,842
| +4% | +$2.25M |
|
|
JBGS
1035
JBG SMITH
JBGS
$818M
| $59.8M | 0.03% |
1,718,274
+175,742
| +11% | +$6.61M |
|
1036
Otter Tail
OTTR
$3.71B
| $59.8M | 0.03% |
1,204,544
+14,909
| +1% | +$712K |
|
1037
Avient
AVNT
$3.33B
| $59.7M | 0.03% |
2,087,245
+37,819
| +2% | +$1.27M |
|
1038
AptarGroup
ATR
$8.55B
| $59.5M | 0.03% |
632,688
+14,380
| +2% | +$1.47M |
|
1039
RPM International
RPM
$13.7B
| $59.4M | 0.03% |
1,010,084
+19,709
| +2% | +$1.21M |
|
1040
Akamai
AKAM
$16.7B
| $59.3M | 0.03% |
971,482
+27,741
| +3% | +$1.85M |
|
|
GLOG
1041
DELISTED
GASLOG LTD
GLOG
| $59.2M | 0.03% |
3,598,554
+111,181
| +3% | +$2.22M |
|
1042
Asbury Automotive
ABG
$4.31B
| $59.2M | 0.03% |
888,124
+8,989
| +1% | +$591K |
|
1043
Dana Inc
DAN
$2.9B
| $59.2M | 0.03% |
4,342,857
+137,551
| +3% | +$2.09M |
|
|
VG
1044
DELISTED
Vonage Holdings Corporation
VG
| $59.2M | 0.03% |
6,776,828
+111,267
| +2% | +$1.27M |
|
|
BPFH
1045
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $59.1M | 0.03% |
5,594,923
-49,749
| -0.9% | -$626K |
|
1046
Antero Resources
AR
$11.1B
| $59.1M | 0.03% |
6,291,184
+169,369
| +3% | +$2.5M |
|
|
FLOW
1047
DELISTED
SPX FLOW, Inc.
FLOW
| $58.9M | 0.03% |
1,937,095
+187,027
| +11% | +$7.05M |
|
|
BID
1048
DELISTED
Sotheby's
BID
| $58.9M | 0.03% |
1,482,466
+92,952
| +7% | +$3.79M |
|
1049
Nabors Industries
NBR
$1.27B
| $58.9M | 0.03% |
588,863
+45,799
| +8% | +$10.1M |
|
|
EQC
1050
DELISTED
Equity Commonwealth
EQC
| $58.9M | 0.03% |
1,961,131
+5,122
| +0.3% | +$156K |
|
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.