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 | |
|---|---|---|---|---|---|---|
1376
Chesapeake Utilities
CPK
$3.19B
| $45M | 0.02% |
553,616
+7,165
| +1% | +$599K |
|
1377
Kadant
KAI
$3.63B
| $44.9M | 0.02% |
550,899
-63,581
| -10% | -$5.95M |
|
1378
Virtus Investment Partners
VRTS
$1.06B
| $44.7M | 0.02% |
562,751
+29,871
| +6% | +$2.9M |
|
1379
Kforce
KFRC
$1.02B
| $44.6M | 0.02% |
1,443,105
-8,019
| -0.6% | -$258K |
|
1380
Healthcare Services Group
HCSG
$1.6B
| $44.6M | 0.02% |
1,110,137
+63,992
| +6% | +$2.71M |
|
1381
Century Communities
CCS
$1.91B
| $44.6M | 0.02% |
2,583,310
+45,420
| +2% | +$947K |
|
|
CRAY
1382
DELISTED
Cray, Inc.
CRAY
| $44.6M | 0.02% |
2,064,868
-84,524
| -4% | -$1.91M |
|
1383
United Natural Foods
UNFI
$3.08B
| $44.5M | 0.02% |
4,203,347
+18,551
| +0.4% | +$390K |
|
1384
Viasat
VSAT
$10.6B
| $44.5M | 0.02% |
754,495
-41,784
| -5% | -$2.71M |
|
|
SUM
1385
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $44.5M | 0.02% |
3,646,923
+1,394,806
| +62% | +$19.3M |
|
|
NE
1386
DELISTED
Noble Corporation
NE
| $44.4M | 0.02% |
16,945,981
-55,271
| -0.3% | -$262K |
|
|
AMTD
1387
DELISTED
TD Ameritrade Holding Corp
AMTD
| $44.3M | 0.02% |
904,221
-32,382
| -3% | -$1.65M |
|
1388
Radian Group
RDN
$5.18B
| $44.2M | 0.02% |
2,701,451
+193,296
| +8% | +$3.53M |
|
1389
Enanta Pharmaceuticals
ENTA
$366M
| $44.2M | 0.02% |
623,630
+19,624
| +3% | +$1.5M |
|
|
DHC
1390
Diversified Healthcare Trust
DHC
$2.15B
| $44.1M | 0.02% |
3,764,880
-6,098
| -0.2% | -$90.5K |
|
1391
Littelfuse
LFUS
$11.2B
| $44M | 0.02% |
256,818
+31,963
| +14% | +$5.7M |
|
|
AEGN
1392
DELISTED
Aegion Corp
AEGN
| $44M | 0.02% |
2,697,868
-43,828
| -2% | -$875K |
|
1393
Entergy
ETR
$50.2B
| $44M | 0.02% |
1,021,732
+90,916
| +10% | +$3.87M |
|
|
SBNY
1394
DELISTED
Signature Bank
SBNY
| $44M | 0.02% |
427,624
-34,025
| -7% | -$3.83M |
|
|
STAY
1395
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $44M | 0.02% |
2,835,513
+216,776
| +8% | +$3.82M |
|
|
ZAYO
1396
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $44M | 0.02% |
1,924,465
+214,506
| +13% | +$5.87M |
|
1397
Movado Group
MOV
$849M
| $43.9M | 0.02% |
1,389,807
+27,091
| +2% | +$999K |
|
1398
Seacoast Banking Corp of Florida
SBCF
$3.36B
| $43.9M | 0.02% |
1,688,022
-23,793
| -1% | -$637K |
|
1399
Inogen
INGN
$175M
| $43.8M | 0.02% |
353,013
-5,870
| -2% | -$967K |
|
|
TCO
1400
DELISTED
Taubman Centers Inc.
TCO
| $43.8M | 0.02% |
962,631
+4,356
| +0.5% | +$229K |
|
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.