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 | |
|---|---|---|---|---|---|---|
1476
Innoviva
INVA
$1.55B
| $40.7M | 0.02% |
2,332,417
+190,568
| +9% | +$3.09M |
|
1477
Future Fuel
FF
$217M
| $40.7M | 0.02% |
2,565,813
+81,366
| +3% | +$1.35M |
|
1478
Axcelis
ACLS
$4.01B
| $40.7M | 0.02% |
2,285,935
+208,263
| +10% | +$3.7M |
|
1479
Trip.com Group
TCOM
$29.6B
| $40.7M | 0.02% |
1,500,062
+150,306
| +11% | +$4.58M |
|
1480
Dell
DELL
$262B
| $40.6M | 0.02% |
1,645,658
-2,883,239
| -64% | -$78.9M |
|
1481
Chipotle Mexican Grill
CMG
$47.2B
| $40.6M | 0.02% |
4,705,200
-81,000
| -2% | -$732K |
|
1482
Johnson Outdoors
JOUT
$491M
| $40.6M | 0.02% |
691,579
-6,448
| -0.9% | -$461K |
|
|
WIFI
1483
DELISTED
Boingo Wireless, Inc.
WIFI
| $40.6M | 0.02% |
1,971,972
-11,950
| -0.6% | -$318K |
|
|
WBC
1484
DELISTED
WABCO HOLDINGS INC.
WBC
| $40.5M | 0.02% |
377,784
+114,651
| +44% | +$12.7M |
|
1485
Quanex
NX
$819M
| $40.3M | 0.02% |
2,967,331
+20,474
| +0.7% | +$312K |
|
|
VAR
1486
DELISTED
Varian Medical Systems, Inc.
VAR
| $40.2M | 0.02% |
355,174
+12,271
| +4% | +$1.4M |
|
1487
Center Bancorp
CNOB
$1.66B
| $40.2M | 0.02% |
2,175,725
+140,515
| +7% | +$2.88M |
|
1488
CMS Energy
CMS
$22.6B
| $40.2M | 0.02% |
808,962
+54,937
| +7% | +$2.78M |
|
|
TRST
1489
Trustco Bank Corp NY
TRST
$970M
| $40.2M | 0.02% |
1,170,879
+13,925
| +1% | +$527K |
|
|
AZPN
1490
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $40.1M | 0.02% |
488,485
-32,798
| -6% | -$2.7M |
|
|
EV
1491
DELISTED
Eaton Vance Corp.
EV
| $40.1M | 0.02% |
1,140,735
+100,760
| +10% | +$4.26M |
|
1492
Piper Sandler
PIPR
$5.12B
| $40.1M | 0.02% |
2,437,620
+46,452
| +2% | +$810K |
|
|
UNIT
1493
Uniti Group
UNIT
$2.36B
| $40.1M | 0.02% |
2,574,722
+75,056
| +3% | +$1.41M |
|
1494
Carter's
CRI
$1.42B
| $40M | 0.02% |
490,550
+24,946
| +5% | +$2.27M |
|
1495
SEI Investments
SEIC
$12.4B
| $40M | 0.02% |
866,478
+349,016
| +67% | +$18.4M |
|
1496
Viavi Solutions
VIAV
$9.12B
| $40M | 0.02% |
3,977,467
-187,569
| -5% | -$2.02M |
|
|
LTM
1497
DELISTED
LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share)
LTM
| $40M | 0.02% |
3,883,052
-23,750
| -0.6% | -$229K |
|
1498
Ethan Allen Interiors
ETD
$570M
| $39.9M | 0.02% |
2,269,330
-15,547
| -0.7% | -$306K |
|
|
CAI
1499
DELISTED
CAI International, Inc.
CAI
| $39.9M | 0.02% |
1,718,240
-3,919
| -0.2% | -$89.2K |
|
|
S
1500
DELISTED
Sprint Corporation
S
| $39.9M | 0.02% |
6,855,428
+9,860
| +0.1% | +$60.7K |
|
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.