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 | |
|---|---|---|---|---|---|---|
1451
Polaris
PII
$3.82B
| $41.8M | 0.02% |
544,656
+10,566
| +2% | +$949K |
|
|
PGTI
1452
DELISTED
PGT, Inc.
PGTI
| $41.7M | 0.02% |
2,629,404
-7,897
| -0.3% | -$153K |
|
1453
TTEC Holdings
TTEC
$121M
| $41.6M | 0.02% |
1,456,089
+44,725
| +3% | +$1.19M |
|
|
TEN
1454
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $41.5M | 0.02% |
1,514,796
+40,430
| +3% | +$1.35M |
|
1455
MarineMax
HZO
$759M
| $41.5M | 0.02% |
2,264,041
-5,535
| -0.2% | -$115K |
|
1456
Mativ Holdings
MATV
$481M
| $41.4M | 0.02% |
1,654,377
+139,487
| +9% | +$4.29M |
|
1457
James River Group Holdings
JRVR
$208M
| $41.4M | 0.02% |
1,133,569
+7,430
| +0.7% | +$283K |
|
|
CTLT
1458
DELISTED
CATALENT, INC.
CTLT
| $41.4M | 0.02% |
1,326,230
+55,260
| +4% | +$2.13M |
|
1459
Westamerica Bancorp
WABC
$1.38B
| $41.3M | 0.02% |
742,424
+19,762
| +3% | +$1.16M |
|
1460
America's Car Mart
CRMT
$26.6M
| $41.3M | 0.02% |
570,480
-9,466
| -2% | -$696K |
|
1461
Enova International
ENVA
$6.33B
| $41.3M | 0.02% |
2,122,456
+40,647
| +2% | +$926K |
|
1462
Pinnacle West Capital
PNW
$12.2B
| $41.3M | 0.02% |
484,326
+7,360
| +2% | +$634K |
|
|
ASNA
1463
DELISTED
Ascena Retail Group, Inc.
ASNA
| $41.2M | 0.02% |
821,123
-3,450
| -0.4% | -$244K |
|
|
LABL
1464
DELISTED
Multi-Color Corp
LABL
| $41.2M | 0.02% |
1,174,145
+77,051
| +7% | +$3.65M |
|
1465
Domino's
DPZ
$11.5B
| $41.1M | 0.02% |
165,897
+3,325
| +2% | +$876K |
|
|
PRAH
1466
DELISTED
PRA Health Sciences, Inc.
PRAH
| $41.1M | 0.02% |
447,357
+6,803
| +2% | +$688K |
|
1467
Zumiez
ZUMZ
$332M
| $41.1M | 0.02% |
2,145,655
+1,781
| +0.1% | +$37.7K |
|
|
TVTY
1468
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $41.1M | 0.02% |
1,655,265
+29,384
| +2% | +$977K |
|
1469
Standex International
SXI
$3.59B
| $41M | 0.02% |
610,891
+7,929
| +1% | +$664K |
|
1470
Telkom Indonesia
TLK
$14.5B
| $41M | 0.02% |
1,565,016
-7,302
| -0.5% | -$186K |
|
|
ENLC
1471
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $40.9M | 0.02% |
4,314,300
+395,089
| +10% | +$5.09M |
|
1472
Televisa
TV
$1.48B
| $40.9M | 0.02% |
3,252,813
+354,732
| +12% | +$5.19M |
|
1473
Univest Financial
UVSP
$1.22B
| $40.9M | 0.02% |
1,897,325
+130,091
| +7% | +$3.16M |
|
1474
MSC Industrial Direct
MSM
$6.89B
| $40.8M | 0.02% |
529,995
+25,564
| +5% | +$2.12M |
|
|
VSM
1475
DELISTED
Versum Materials, Inc.
VSM
| $40.7M | 0.02% |
1,469,824
+252,741
| +21% | +$7.99M |
|
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.