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 | |
|---|---|---|---|---|---|---|
1551
Great Southern Bancorp
GSBC
$874M
| $37.4M | 0.02% |
811,666
+6,007
| +0.7% | +$314K |
|
1552
Erie Indemnity
ERIE
$12.7B
| $37.3M | 0.02% |
280,178
+12,976
| +5% | +$1.68M |
|
|
AIMC
1553
DELISTED
Altra Industrial Motion Corp
AIMC
| $37.3M | 0.02% |
1,483,956
+122,000
| +9% | +$3.96M |
|
|
TMX
1554
DELISTED
Terminix Global Holdings, Inc.
TMX
| $37.3M | 0.02% |
1,015,753
-481,832
| -32% | -$20M |
|
1555
REX American Resources
REX
$1.42B
| $37.2M | 0.02% |
3,280,608
-17,916
| -0.5% | -$210K |
|
|
DNKN
1556
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $37.2M | 0.02% |
580,297
+10,707
| +2% | +$761K |
|
1557
OGE Energy
OGE
$9.78B
| $37.1M | 0.02% |
947,195
+46,162
| +5% | +$1.77M |
|
1558
Avis
CAR
$4.86B
| $37.1M | 0.02% |
1,648,885
+50,078
| +3% | +$1.45M |
|
1559
First Community Bankshares
FCBC
$900M
| $37.1M | 0.02% |
1,177,114
+14,772
| +1% | +$493K |
|
1560
British American Tobacco
BTI
$131B
| $37M | 0.02% |
1,162,900
+23,501
| +2% | +$914K |
|
1561
TotalEnergies
TTE
$195B
| $37M | 0.02% |
709,465
+7,031
| +1% | +$403K |
|
|
BKI
1562
DELISTED
Black Knight, Inc. Common Stock
BKI
| $37M | 0.02% |
821,248
+90,354
| +12% | +$4.24M |
|
1563
IPG Photonics
IPGP
$3.61B
| $37M | 0.02% |
326,446
+9,214
| +3% | +$1.22M |
|
1564
Blackbaud
BLKB
$1.94B
| $37M | 0.02% |
587,637
+93,621
| +19% | +$6.74M |
|
|
BDN
1565
Brandywine Realty Trust
BDN
$524M
| $36.8M | 0.02% |
2,860,605
-65,412
| -2% | -$924K |
|
1566
Cohen & Steers
CNS
$4.23B
| $36.7M | 0.02% |
1,070,418
+37,604
| +4% | +$1.39M |
|
|
NAV
1567
DELISTED
Navistar International
NAV
| $36.7M | 0.02% |
1,414,220
+162,543
| +13% | +$5.09M |
|
|
CXP
1568
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $36.7M | 0.02% |
1,895,508
-5,715
| -0.3% | -$122K |
|
|
VTLE
1569
DELISTED
Vital Energy
VTLE
| $36.7M | 0.02% |
506,267
+66,525
| +15% | +$6.98M |
|
1570
HealthStream
HSTM
$819M
| $36.6M | 0.02% |
1,516,510
-6,249
| -0.4% | -$162K |
|
|
RFP
1571
DELISTED
Resolute Forest Products Inc.
RFP
| $36.6M | 0.02% |
4,616,442
+493,849
| +12% | +$5.45M |
|
|
NXGN
1572
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $36.5M | 0.02% |
2,411,788
+56,278
| +2% | +$965K |
|
1573
Resources Connection
RGP
$151M
| $36.5M | 0.02% |
2,570,140
-18,652
| -0.7% | -$302K |
|
|
GTT
1574
DELISTED
GTT Communications, Inc.
GTT
| $36.5M | 0.02% |
1,542,485
-1,600
| -0.1% | -$53.8K |
|
1575
Masco
MAS
$14.1B
| $36.4M | 0.02% |
1,246,159
+180,698
| +17% | +$5.61M |
|
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.