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 | |
|---|---|---|---|---|---|---|
1626
Tesla
TSLA
$1.23T
| $34.1M | 0.02% |
1,536,885
+31,140
| +2% | +$670K |
|
1627
OraSure Technologies
OSUR
$279M
| $34.1M | 0.02% |
2,918,182
+31,216
| +1% | +$415K |
|
1628
Liberty Latin America Class C
LILAK
$1.63B
| $34.1M | 0.02% |
2,731,137
+849,464
| +45% | +$13.1M |
|
1629
Tennant Co
TNC
$1.43B
| $34M | 0.02% |
653,327
+33,015
| +5% | +$2.01M |
|
|
CCF
1630
DELISTED
Chase Corporation
CCF
| $34M | 0.02% |
339,468
+757
| +0.2% | +$81.6K |
|
1631
ICU Medical
ICUI
$4.21B
| $33.9M | 0.02% |
147,812
-7,245
| -5% | -$1.79M |
|
|
HEES
1632
DELISTED
H&E Equipment Services
HEES
| $33.8M | 0.02% |
1,655,804
+26,558
| +2% | +$651K |
|
1633
Lamb Weston
LW
$7.22B
| $33.8M | 0.02% |
459,288
+67,448
| +17% | +$5.16M |
|
1634
KLX Energy Services
KLXE
$45M
| $33.7M | 0.02% |
286,992
-2,566
| -0.9% | -$356K |
|
1635
Dolby
DLB
$5.51B
| $33.6M | 0.02% |
543,749
+21,808
| +4% | +$1.47M |
|
|
FDC
1636
DELISTED
First Data Corporation
FDC
| $33.6M | 0.02% |
1,985,968
+332,994
| +20% | +$6.49M |
|
|
CTRA
1637
DELISTED
Coterra Energy
CTRA
| $33.6M | 0.02% |
1,501,665
+239,959
| +19% | +$5.79M |
|
1638
Ezcorp Inc
EZPW
$1.83B
| $33.6M | 0.02% |
4,342,091
-899
| -0% | -$8.52K |
|
1639
Affiliated Managers Group
AMG
$9.69B
| $33.5M | 0.02% |
344,237
+46,000
| +15% | +$5.19M |
|
1640
Anika Therapeutics
ANIK
$258M
| $33.5M | 0.02% |
997,441
-44
| -0% | -$1.59K |
|
|
HBI
1641
DELISTED
Hanesbrands
HBI
| $33.5M | 0.02% |
2,674,276
+300,681
| +13% | +$4.68M |
|
1642
Cognex
CGNX
$10.9B
| $33.4M | 0.02% |
864,848
+97,348
| +13% | +$4.22M |
|
1643
Essential Utilities
WTRG
$11.3B
| $33.4M | 0.02% |
977,540
+33,320
| +4% | +$1.16M |
|
1644
Strategy Inc
MSTR
$34.1B
| $33.4M | 0.02% |
2,615,720
+34,700
| +1% | +$439K |
|
1645
EPAM Systems
EPAM
$5.51B
| $33.4M | 0.02% |
287,597
-14,450
| -5% | -$1.77M |
|
1646
H&R Block
HRB
$5.58B
| $33.4M | 0.02% |
1,314,729
+34,485
| +3% | +$921K |
|
1647
Team
TISI
$79.5M
| $33.3M | 0.02% |
227,600
-268
| -0.1% | -$48.9K |
|
1648
Waterstone Financial
WSBF
$370M
| $33.3M | 0.02% |
1,988,431
+55,520
| +3% | +$921K |
|
1649
MaxLinear
MXL
$6.06B
| $33.3M | 0.02% |
1,892,231
+145,776
| +8% | +$2.67M |
|
1650
Middlesex Water
MSEX
$1.08B
| $33.2M | 0.02% |
623,157
+5,500
| +0.9% | +$271K |
|
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.