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 | |
|---|---|---|---|---|---|---|
1276
Mueller Industries
MLI
$14.7B
| $48.7M | 0.02% |
8,338,652
+81,584
| +1% | +$505K |
|
|
CVGW
1277
DELISTED
Calavo Growers
CVGW
| $48.7M | 0.02% |
667,196
+9,782
| +1% | +$914K |
|
1278
AMC Global Media
AMCX
$492M
| $48.6M | 0.02% |
885,738
+97,634
| +12% | +$5.71M |
|
1279
Itron
ITRI
$4.36B
| $48.5M | 0.02% |
1,026,449
+26,319
| +3% | +$1.39M |
|
1280
Enerpac Tool Group
EPAC
$1.83B
| $48.5M | 0.02% |
2,311,971
-53,985
| -2% | -$1.32M |
|
|
HMHC
1281
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $48.5M | 0.02% |
5,475,462
-78,521
| -1% | -$620K |
|
|
RDUS
1282
DELISTED
Radius Recycling
RDUS
| $48.5M | 0.02% |
2,251,008
+4,118
| +0.2% | +$108K |
|
|
ANSS
1283
DELISTED
Ansys
ANSS
| $48.5M | 0.02% |
338,964
+17,565
| +5% | +$2.73M |
|
1284
Customers Bancorp
CUBI
$2.66B
| $48.4M | 0.02% |
2,661,955
+1,667
| +0.1% | +$33.4K |
|
1285
Axalta
AXTA
$7.66B
| $48.4M | 0.02% |
2,067,187
+240,896
| +13% | +$5.98M |
|
1286
Apple Hospitality REIT
APLE
$3.9B
| $48.4M | 0.02% |
3,394,579
+61,933
| +2% | +$985K |
|
1287
Chefs' Warehouse
CHEF
$4.71B
| $48.4M | 0.02% |
1,512,579
+6,526
| +0.4% | +$227K |
|
|
ECHO
1288
DELISTED
Echo Global Logistics, Inc.
ECHO
| $48.3M | 0.02% |
2,377,769
+8,810
| +0.4% | +$220K |
|
|
MCHB
1289
Mechanics Bancorp
MCHB
$3.72B
| $48.2M | 0.02% |
2,271,156
-251
| -0% | -$6.35K |
|
|
SFLY
1290
DELISTED
Shutterfly, Inc.
SFLY
| $48.2M | 0.02% |
1,196,035
+73,044
| +7% | +$3.84M |
|
|
CATM
1291
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $48.1M | 0.02% |
1,848,641
-11,583
| -0.6% | -$351K |
|
1292
Peoples Bancorp
PEBO
$1.5B
| $48M | 0.02% |
1,594,969
+44,958
| +3% | +$1.5M |
|
|
AMWD
1293
DELISTED
American Woodmark
AMWD
| $48M | 0.02% |
861,885
+110,798
| +15% | +$7.06M |
|
1294
Qualys
QLYS
$5.1B
| $48M | 0.02% |
642,046
+62,413
| +11% | +$4.7M |
|
1295
Ryman Hospitality Properties
RHP
$8.43B
| $47.9M | 0.02% |
718,834
+1,717
| +0.2% | +$129K |
|
1296
Maximus
MMS
$3.17B
| $47.9M | 0.02% |
736,183
+49,981
| +7% | +$3.29M |
|
1297
Campbell Soup
CPB
$6.55B
| $47.9M | 0.02% |
1,451,916
+82,343
| +6% | +$3.11M |
|
|
ABMD
1298
DELISTED
Abiomed Inc
ABMD
| $47.9M | 0.02% |
147,322
+2,641
| +2% | +$917K |
|
1299
SiriusPoint
SPNT
$2.75B
| $47.9M | 0.02% |
4,965,315
+825,641
| +20% | +$8.86M |
|
|
WAIR
1300
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $47.8M | 0.02% |
6,054,540
+229,050
| +4% | +$2.26M |
|
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.