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 | |
|---|---|---|---|---|---|---|
1076
AutoZone
AZO
$49.2B
| $57.2M | 0.03% |
68,217
+3,663
| +6% | +$2.94M |
|
1077
Choice Hotels
CHH
$5.07B
| $57.1M | 0.03% |
797,711
-30,060
| -4% | -$2.26M |
|
|
CLGX
1078
DELISTED
Corelogic, Inc.
CLGX
| $57.1M | 0.03% |
1,707,583
+82,197
| +5% | +$3.33M |
|
1079
CRH
CRH
$63.2B
| $57M | 0.03% |
2,164,845
+355,932
| +20% | +$10.1M |
|
1080
Electronic Arts
EA
$53B
| $57M | 0.03% |
722,555
+4,536
| +0.6% | +$416K |
|
1081
Avista
AVA
$3.34B
| $57M | 0.03% |
1,341,432
+9,594
| +0.7% | +$475K |
|
1082
Matador Resources
MTDR
$6.2B
| $57M | 0.03% |
3,668,946
+278,136
| +8% | +$6.99M |
|
1083
Webster Financial
WBS
$12.5B
| $56.8M | 0.03% |
1,153,105
-21,079
| -2% | -$1.2M |
|
1084
O-I Glass
OI
$1.1B
| $56.8M | 0.03% |
3,296,265
+8,718
| +0.3% | +$152K |
|
1085
ResMed
RMD
$30.6B
| $56.8M | 0.03% |
498,717
+31,022
| +7% | +$3.32M |
|
|
ORIT
1086
DELISTED
Oritani Financial Corp. New
ORIT
| $56.8M | 0.03% |
3,847,573
+147,275
| +4% | +$2.22M |
|
1087
Cooper-Standard Automotive
CPS
$523M
| $56.7M | 0.03% |
913,493
+84,694
| +10% | +$6.84M |
|
|
AUO
1088
DELISTED
AU Optronics Corp
AUO
| $56.7M | 0.03% |
14,397,404
-663,195
| -4% | -$2.64M |
|
1089
Photronics
PLAB
$1.79B
| $56.7M | 0.03% |
5,859,559
-17,330
| -0.3% | -$167K |
|
|
KRA
1090
DELISTED
Kraton Corporation
KRA
| $56.7M | 0.03% |
2,596,493
+31,932
| +1% | +$936K |
|
1091
First Busey Corp
BUSE
$2.57B
| $56.7M | 0.03% |
2,308,610
+127,023
| +6% | +$3.51M |
|
1092
Revvity
RVTY
$12.6B
| $56.6M | 0.03% |
720,855
+13,568
| +2% | +$1.15M |
|
1093
Perrigo
PRGO
$1.4B
| $56.5M | 0.03% |
1,458,061
+473,574
| +48% | +$30.1M |
|
|
CKH
1094
DELISTED
Seacor Holdings Inc.
CKH
| $56.5M | 0.03% |
1,527,392
-6,264
| -0.4% | -$277K |
|
1095
Manhattan Associates
MANH
$11.2B
| $56.5M | 0.03% |
1,333,289
+151,640
| +13% | +$7.18M |
|
1096
Axos Financial
AX
$5.77B
| $56.5M | 0.03% |
2,242,735
+87,122
| +4% | +$2.63M |
|
1097
Autodesk
ADSK
$49.5B
| $56.4M | 0.03% |
438,908
+33,221
| +8% | +$4.49M |
|
1098
Conagra Brands
CAG
$6.94B
| $56.3M | 0.03% |
2,635,478
+956,591
| +57% | +$30.9M |
|
1099
Bread Financial
BFH
$4.37B
| $56.2M | 0.03% |
469,537
+120,811
| +35% | +$18.9M |
|
1100
Ollie's Bargain Outlet
OLLI
$4.44B
| $56.2M | 0.03% |
845,197
-54,662
| -6% | -$4.55M |
|
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.