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 | |
|---|---|---|---|---|---|---|
101
Costco
COST
$423B
| $279M | 0.13% |
1,369,376
+25,745
| +2% | +$5.75M |
|
102
Realty Income
O
$60.1B
| $278M | 0.13% |
4,544,953
+117,308
| +3% | +$7M |
|
103
Kohl's
KSS
$2.21B
| $276M | 0.13% |
4,167,124
+9,224
| +0.2% | +$647K |
|
104
Petrobras Class A
PBR.A
$109B
| $276M | 0.13% |
23,796,490
-776,102
| -3% | -$10.1M |
|
105
Telephone and Data Systems
TDS
$3.82B
| $274M | 0.12% |
8,420,433
+305,937
| +4% | +$10.1M |
|
106
Caterpillar
CAT
$373B
| $272M | 0.12% |
2,139,889
-24,097
| -1% | -$3.14M |
|
107
Chubb
CB
$135B
| $271M | 0.12% |
2,095,870
+21,037
| +1% | +$2.72M |
|
108
CSX Corp
CSX
$93B
| $268M | 0.12% |
12,933,159
+90,675
| +0.7% | +$2.09M |
|
109
Starbucks
SBUX
$121B
| $264M | 0.12% |
4,100,583
+20,719
| +0.5% | +$1.3M |
|
110
Phillips 66
PSX
$84.4B
| $262M | 0.12% |
3,044,917
+45,149
| +2% | +$4.41M |
|
|
TECD
111
DELISTED
Tech Data Corp
TECD
| $262M | 0.12% |
3,200,146
+34,598
| +1% | +$2.63M |
|
112
Darling Ingredients
DAR
$9.69B
| $261M | 0.12% |
13,555,210
+25,123
| +0.2% | +$509K |
|
113
Boston Properties
BXP
$11.4B
| $261M | 0.12% |
2,316,383
-26,542
| -1% | -$3.21M |
|
114
Nike
NKE
$62.7B
| $260M | 0.12% |
3,507,942
+69,032
| +2% | +$5.16M |
|
115
Centene
CNC
$30.1B
| $260M | 0.12% |
4,507,498
-131,824
| -3% | -$8.83M |
|
116
Eaton
ETN
$150B
| $259M | 0.12% |
3,772,290
+8,349
| +0.2% | +$624K |
|
117
Corning
GLW
$116B
| $254M | 0.12% |
8,417,196
+190,145
| +2% | +$6.07M |
|
118
Vale
VALE
$63.8B
| $254M | 0.12% |
19,270,740
-2,483,892
| -11% | -$35.5M |
|
|
CHL
119
DELISTED
China Mobile Limited
CHL
| $254M | 0.11% |
5,283,152
+60,251
| +1% | +$2.9M |
|
|
SAVE
120
DELISTED
Spirit Airlines, Inc.
SAVE
| $251M | 0.11% |
4,341,595
+114,209
| +3% | +$6.12M |
|
121
Royal Caribbean
RCL
$86.1B
| $247M | 0.11% |
2,530,247
+77,740
| +3% | +$8.52M |
|
122
Nucor
NUE
$58.5B
| $247M | 0.11% |
4,772,938
+82,259
| +2% | +$4.86M |
|
123
PBF Energy
PBF
$8.65B
| $245M | 0.11% |
7,510,107
-243,023
| -3% | -$9.8M |
|
124
Essex Property Trust
ESS
$18.1B
| $245M | 0.11% |
998,022
-4,509
| -0.4% | -$1.14M |
|
125
Lowe's Companies
LOW
$118B
| $242M | 0.11% |
2,615,529
+48,995
| +2% | +$4.72M |
|
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.