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 | |
|---|---|---|---|---|---|---|
|
HTLF
1126
DELISTED
Heartland Financial USA, Inc.
HTLF
| $55M | 0.02% |
1,251,833
+60,279
| +5% | +$3.16M |
|
|
RTEC
1127
DELISTED
Rudolph Technologies Inc
RTEC
| $55M | 0.02% |
2,687,523
+62,465
| +2% | +$1.27M |
|
1128
Advanced Energy
AEIS
$11.6B
| $54.9M | 0.02% |
1,279,775
+129,725
| +11% | +$5.78M |
|
1129
Waters Corp
WAT
$37B
| $54.9M | 0.02% |
290,913
+41,782
| +17% | +$7.94M |
|
1130
KB Home
KBH
$3.37B
| $54.9M | 0.02% |
2,872,163
+24,377
| +0.9% | +$500K |
|
1131
MillerKnoll
MLKN
$1.53B
| $54.8M | 0.02% |
1,813,171
+385
| +0% | +$12.8K |
|
|
AXON
1132
Axon Enterprise
AXON
$42.5B
| $54.8M | 0.02% |
1,253,315
-135,041
| -10% | -$7.01M |
|
1133
Artivion
AORT
$1.3B
| $54.8M | 0.02% |
1,930,957
-58,058
| -3% | -$1.75M |
|
1134
Astec Industries
ASTE
$1.16B
| $54.8M | 0.02% |
1,813,905
+86,627
| +5% | +$3.28M |
|
1135
AMERISAFE
AMSF
$543M
| $54.7M | 0.02% |
965,226
-6,464
| -0.7% | -$403K |
|
1136
MGE Energy Inc
MGEE
$3B
| $54.6M | 0.02% |
910,612
+5,457
| +0.6% | +$348K |
|
1137
Northwest Natural Holdings
NWN
$2.06B
| $54.5M | 0.02% |
901,878
+8,671
| +1% | +$580K |
|
1138
Southwest Gas
SWX
$6.47B
| $54.5M | 0.02% |
712,205
+6,967
| +1% | +$559K |
|
1139
Kratos Defense & Security Solutions
KTOS
$8.74B
| $54.4M | 0.02% |
3,860,260
-85,344
| -2% | -$1.18M |
|
|
HF
1140
DELISTED
HFF Inc.
HF
| $54.3M | 0.02% |
1,638,385
-9,829
| -0.6% | -$366K |
|
|
NTUS
1141
DELISTED
Natus Medical Inc
NTUS
| $54.3M | 0.02% |
1,596,057
-17,465
| -1% | -$568K |
|
|
HR
1142
DELISTED
Healthcare Realty Trust Incorporated
HR
| $54.3M | 0.02% |
1,909,748
+35,279
| +2% | +$1.02M |
|
|
FBR
1143
DELISTED
Fibria Celulose Sa
FBR
| $54.3M | 0.02% |
3,155,229
-28,169
| -0.9% | -$519K |
|
1144
National Healthcare
NHC
$3.53B
| $54.2M | 0.02% |
691,283
+36,153
| +6% | +$2.83M |
|
1145
Warner Bros
WBD
$65.9B
| $54.2M | 0.02% |
2,189,118
+8,803
| +0.4% | +$268K |
|
1146
Grand Canyon Education
LOPE
$3.79B
| $54.2M | 0.02% |
563,270
-9,921
| -2% | -$1.15M |
|
|
ECOL
1147
DELISTED
US Ecology, Inc.
ECOL
| $54.1M | 0.02% |
858,256
+5,154
| +0.6% | +$346K |
|
|
HRC
1148
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $54M | 0.02% |
609,966
-9,321
| -2% | -$846K |
|
1149
DTE Energy
DTE
$29.5B
| $54M | 0.02% |
575,282
+60,329
| +12% | +$5.89M |
|
|
JWN
1150
DELISTED
Nordstrom
JWN
| $54M | 0.02% |
1,158,461
+39,262
| +4% | +$2.21M |
|
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.