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 | |
|---|---|---|---|---|---|---|
1051
Henry Schein
HSIC
$9.77B
| $58.7M | 0.03% |
952,819
+60,431
| +7% | +$3.98M |
|
1052
Eversource Energy
ES
$26.9B
| $58.6M | 0.03% |
901,027
+93,471
| +12% | +$6.09M |
|
1053
Teleflex
TFX
$6.05B
| $58.6M | 0.03% |
226,546
-20,649
| -8% | -$5.23M |
|
|
PPBI
1054
DELISTED
Pacific Premier Bancorp
PPBI
| $58.5M | 0.03% |
2,294,104
+209,829
| +10% | +$6.34M |
|
|
BCPC
1055
Balchem Corp
BCPC
$5.38B
| $58.5M | 0.03% |
746,533
+10,660
| +1% | +$962K |
|
|
MXIM
1056
DELISTED
Maxim Integrated Products
MXIM
| $58.5M | 0.03% |
1,150,193
+272,110
| +31% | +$14.2M |
|
1057
Fortune Brands Innovations
FBIN
$5.88B
| $58.5M | 0.03% |
1,801,025
+520,698
| +41% | +$19.7M |
|
1058
BancFirst
BANF
$3.79B
| $58.4M | 0.03% |
1,171,060
+8,825
| +0.8% | +$491K |
|
1059
Brown-Forman Class B
BF.B
$13.2B
| $58.4M | 0.03% |
1,227,654
+145,336
| +13% | +$6.91M |
|
1060
Smith & Wesson
SWBI
$651M
| $58.4M | 0.03% |
5,904,250
+575,143
| +11% | +$5.97M |
|
1061
Brinker International
EAT
$9.17B
| $58.3M | 0.03% |
1,326,114
+16,133
| +1% | +$766K |
|
1062
Energizer
ENR
$1.44B
| $58.1M | 0.03% |
1,287,432
+27,460
| +2% | +$1.46M |
|
1063
Casella Waste Systems
CWST
$5.71B
| $58.1M | 0.03% |
2,039,609
-3,837
| -0.2% | -$116K |
|
1064
Robert Half
RHI
$3.87B
| $57.8M | 0.03% |
1,010,966
+98,319
| +11% | +$6.03M |
|
1065
nVent Electric
NVT
$24.9B
| $57.8M | 0.03% |
2,573,994
+72,738
| +3% | +$1.76M |
|
|
BBL
1066
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $57.7M | 0.03% |
1,378,228
-1,199
| -0.1% | -$49.2K |
|
1067
Brown & Brown
BRO
$23.6B
| $57.7M | 0.03% |
2,093,296
+26,343
| +1% | +$745K |
|
|
EMCI
1068
DELISTED
EMC INS Group Inc
EMCI
| $57.5M | 0.03% |
1,805,350
-2,732
| -0.2% | -$75.8K |
|
1069
Mueller Water Products
MWA
$3.95B
| $57.4M | 0.03% |
6,309,406
+44,193
| +0.7% | +$463K |
|
1070
Seagate
STX
$194B
| $57.4M | 0.03% |
1,486,626
+209,084
| +16% | +$8.8M |
|
1071
Jazz Pharmaceuticals
JAZZ
$15.9B
| $57.3M | 0.03% |
462,663
+160,124
| +53% | +$23.8M |
|
1072
Commerce Bancshares
CBSH
$8.53B
| $57.3M | 0.03% |
1,430,291
+35,037
| +3% | +$1.5M |
|
1073
WEC Energy
WEC
$35.7B
| $57.2M | 0.03% |
826,486
+77,650
| +10% | +$5.45M |
|
1074
Badger Meter
BMI
$3.89B
| $57.2M | 0.03% |
1,163,009
+22,892
| +2% | +$1.17M |
|
1075
Charles River Laboratories
CRL
$11.2B
| $57.2M | 0.03% |
505,335
-12,294
| -2% | -$1.54M |
|
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.