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 | |
|---|---|---|---|---|---|---|
1601
CVR Energy
CVI
$3.58B
| $35.3M | 0.02% |
1,023,697
+11,483
| +1% | +$437K |
|
|
THR
1602
DELISTED
Thermon Group Holdings
THR
| $35.3M | 0.02% |
1,740,397
+567
| +0% | +$12.8K |
|
1603
Idacorp
IDA
$8.27B
| $35.3M | 0.02% |
378,863
+7,007
| +2% | +$684K |
|
|
SP
1604
DELISTED
SP Plus Corporation
SP
| $35.2M | 0.02% |
1,192,387
+7,262
| +0.6% | +$225K |
|
1605
COPT Defense Properties
CDP
$4.3B
| $34.9M | 0.02% |
1,657,161
+25,455
| +2% | +$647K |
|
|
NVO
1606
Novo Nordisk
NVO
$208B
| $34.8M | 0.02% |
1,510,896
-102
| -0% | -$2.27K |
|
1607
Forrester Research
FORR
$223M
| $34.8M | 0.02% |
777,645
+2,723
| +0.4% | +$116K |
|
1608
Washington Trust Bancorp
WASH
$743M
| $34.8M | 0.02% |
731,147
+6,739
| +0.9% | +$346K |
|
1609
Dr. Reddy's Laboratories
RDY
$9.87B
| $34.8M | 0.02% |
4,608,440
+16,360
| +0.4% | +$115K |
|
1610
Ducommun
DCO
$2.7B
| $34.7M | 0.02% |
956,755
-1,183
| -0.1% | -$45.5K |
|
|
CDK
1611
DELISTED
CDK Global, Inc.
CDK
| $34.7M | 0.02% |
724,154
+177,009
| +32% | +$9.34M |
|
1612
West Pharmaceutical
WST
$24B
| $34.7M | 0.02% |
353,571
+4,225
| +1% | +$458K |
|
|
GLDD
1613
DELISTED
Great Lakes Dredge & Dock
GLDD
| $34.6M | 0.02% |
5,228,732
-5,625
| -0.1% | -$36.7K |
|
|
NATI
1614
DELISTED
National Instruments Corp
NATI
| $34.6M | 0.02% |
762,742
+23,237
| +3% | +$1.08M |
|
1615
CNA Financial
CNA
$14.2B
| $34.6M | 0.02% |
783,738
-150,133
| -16% | -$6.77M |
|
1616
Banco Santander Chile
BSAC
$16.3B
| $34.6M | 0.02% |
1,156,973
-1,912
| -0.2% | -$58.3K |
|
|
KE
1617
Kimball Electronics
KE
$595M
| $34.5M | 0.02% |
2,230,330
-9,349
| -0.4% | -$165K |
|
|
CADE
1618
DELISTED
Cadence Bancorporation
CADE
| $34.5M | 0.02% |
2,053,294
+1,477,605
| +257% | +$31.3M |
|
|
HAPN
1619
Happen Inc
HAPN
$2.21B
| $34.4M | 0.02% |
2,617,639
+35,439
| +1% | +$584K |
|
1620
Financial Institutions
FISI
$816M
| $34.4M | 0.02% |
1,338,252
+31,067
| +2% | +$881K |
|
1621
Helios Technologies
HLIO
$2.57B
| $34.4M | 0.02% |
1,035,053
+30,673
| +3% | +$1.3M |
|
1622
Trimble
TRMB
$13.2B
| $34.2M | 0.02% |
1,040,597
+215,556
| +26% | +$7.93M |
|
|
EGL
1623
DELISTED
Engility Holdings, Inc.
EGL
| $34.1M | 0.02% |
1,199,161
-624
| -0.1% | -$19.4K |
|
1624
1-800-Flowers.com
FLWS
$250M
| $34.1M | 0.02% |
2,789,774
-34,474
| -1% | -$413K |
|
1625
TransUnion
TRU
$15.1B
| $34.1M | 0.02% |
600,681
+44,677
| +8% | +$2.86M |
|
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.