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 | |
|---|---|---|---|---|---|---|
1201
WSFS Financial
WSFS
$4.12B
| $51.6M | 0.02% |
1,361,132
+64,474
| +5% | +$2.71M |
|
1202
Euronet Worldwide
EEFT
$2.72B
| $51.5M | 0.02% |
503,390
+14,784
| +3% | +$1.64M |
|
|
SRC
1203
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $51.5M | 0.02% |
1,461,600
-55,284
| -4% | -$2.13M |
|
|
CVA
1204
DELISTED
Covanta Holding Corporation
CVA
| $51.5M | 0.02% |
3,839,089
-165,912
| -4% | -$2.56M |
|
|
MRC
1205
DELISTED
MRC Global
MRC
| $51.5M | 0.02% |
4,211,691
+170,881
| +4% | +$2.7M |
|
1206
LCI Industries
LCII
$2.49B
| $51.5M | 0.02% |
770,438
+60,295
| +8% | +$4.39M |
|
1207
Unilever
UL
$137B
| $51.5M | 0.02% |
875,470
+29,801
| +4% | +$1.8M |
|
1208
Silgan Holdings
SLGN
$4.23B
| $51.4M | 0.02% |
2,176,800
+43,774
| +2% | +$1.1M |
|
1209
Heritage Financial
HFWA
$1.22B
| $51.4M | 0.02% |
1,728,242
+23,241
| +1% | +$760K |
|
|
BMCH
1210
DELISTED
BMC Stock Holdings, Inc
BMCH
| $51.4M | 0.02% |
3,317,772
+429,782
| +15% | +$7.15M |
|
|
LION
1211
DELISTED
Fidelity Southern Corporation
LION
| $51.4M | 0.02% |
1,973,518
+22,928
| +1% | +$540K |
|
|
TDAY
1212
USA Today Co
TDAY
$1.27B
| $51.3M | 0.02% |
4,437,078
+352,592
| +9% | +$4.92M |
|
|
PRFT
1213
DELISTED
Perficient Inc
PRFT
| $51.3M | 0.02% |
2,304,894
-52,520
| -2% | -$1.29M |
|
1214
Bio-Rad Laboratories Class A
BIO
$8.71B
| $51.3M | 0.02% |
220,844
+30,185
| +16% | +$8.1M |
|
|
FFIC
1215
DELISTED
Flushing Financial
FFIC
| $51.3M | 0.02% |
2,381,316
-8,482
| -0.4% | -$190K |
|
|
NTRI
1216
DELISTED
NutriSystem, Inc.
NTRI
| $51.2M | 0.02% |
1,167,475
+18,090
| +2% | +$683K |
|
1217
F5
FFIV
$22.9B
| $51.2M | 0.02% |
315,864
+6,534
| +2% | +$1.12M |
|
1218
Cadence Design Systems
CDNS
$93.6B
| $51M | 0.02% |
1,174,045
+24,476
| +2% | +$1.06M |
|
1219
Coca-Cola Consolidated
COKE
$12.5B
| $51M | 0.02% |
2,877,650
-7,140
| -0.2% | -$132K |
|
1220
Essent Group
ESNT
$6.08B
| $51M | 0.02% |
1,491,769
+137,195
| +10% | +$5.25M |
|
1221
Winnebago Industries
WGO
$856M
| $51M | 0.02% |
2,105,885
+266,781
| +15% | +$7.07M |
|
|
BERY
1222
DELISTED
Berry Global Group, Inc.
BERY
| $51M | 0.02% |
1,168,109
+352,876
| +43% | +$15.1M |
|
1223
Cohu
COHU
$2.26B
| $51M | 0.02% |
3,170,908
+754,127
| +31% | +$14.4M |
|
|
MSGN
1224
DELISTED
MSG Networks Inc.
MSGN
| $50.9M | 0.02% |
2,161,673
+33,059
| +2% | +$844K |
|
1225
Canadian Imperial Bank of Commerce
CM
$108B
| $50.9M | 0.02% |
1,365,602
-53,802
| -4% | -$2.29M |
|
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.