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 | |
|---|---|---|---|---|---|---|
|
PINC
1651
DELISTED
Premier
PINC
| $33.2M | 0.02% |
888,445
+64,158
| +8% | +$2.65M |
|
1652
Clearwater Paper
CLW
$339M
| $33.1M | 0.02% |
1,359,634
+30,510
| +2% | +$823K |
|
|
TOWR
1653
DELISTED
Tower International, Inc.
TOWR
| $33.1M | 0.02% |
1,391,930
+57,247
| +4% | +$1.57M |
|
1654
Alarm.com
ALRM
$2.71B
| $33M | 0.02% |
636,431
+165,244
| +35% | +$7.99M |
|
|
VIVO
1655
DELISTED
Meridian Bioscience Inc
VIVO
| $33M | 0.02% |
1,901,563
+14,871
| +0.8% | +$254K |
|
1656
RH
RH
$3.13B
| $33M | 0.01% |
275,186
+3,266
| +1% | +$393K |
|
|
MIK
1657
DELISTED
Michaels Stores, Inc
MIK
| $33M | 0.01% |
2,434,311
+448,448
| +23% | +$7.12M |
|
1658
Tronox
TROX
$932M
| $32.9M | 0.01% |
4,225,773
+51,847
| +1% | +$546K |
|
1659
Empire State Realty Trust
ESRT
$872M
| $32.9M | 0.01% |
2,310,214
-18,693
| -0.8% | -$292K |
|
1660
StoneX
SNEX
$9.26B
| $32.8M | 0.01% |
4,540,875
+4,424
| +0.1% | +$37.5K |
|
|
GTS
1661
DELISTED
Triple-S Management Corporation
GTS
| $32.8M | 0.01% |
1,982,789
-39,206
| -2% | -$679K |
|
1662
Integra LifeSciences
IART
$1.29B
| $32.6M | 0.01% |
723,578
-36,168
| -5% | -$1.98M |
|
1663
Fortinet
FTNT
$119B
| $32.6M | 0.01% |
2,313,350
+332,210
| +17% | +$5.06M |
|
1664
Lindsay Corp
LNN
$1.13B
| $32.6M | 0.01% |
338,407
-2,917
| -0.9% | -$284K |
|
1665
Metallus
MTUS
$838M
| $32.6M | 0.01% |
3,725,367
-20,216
| -0.5% | -$232K |
|
1666
HEICO Corp Class A
HEI.A
$36B
| $32.5M | 0.01% |
516,579
-70,931
| -12% | -$4.75M |
|
1667
Insteel Industries
IIIN
$593M
| $32.5M | 0.01% |
1,338,441
+758
| +0.1% | +$21.1K |
|
|
TUP
1668
DELISTED
Tupperware Brands Corporation
TUP
| $32.5M | 0.01% |
1,029,303
+126,607
| +14% | +$4.41M |
|
|
SRCL
1669
DELISTED
Stericycle Inc
SRCL
| $32.4M | 0.01% |
884,137
+92,481
| +12% | +$4.34M |
|
1670
Adient
ADNT
$1.65B
| $32.4M | 0.01% |
2,152,486
+475,553
| +28% | +$12.3M |
|
1671
IMAX
IMAX
$2.62B
| $32.3M | 0.01% |
1,719,609
+85,783
| +5% | +$1.75M |
|
1672
Ingles Markets
IMKTA
$1.71B
| $32.3M | 0.01% |
1,187,426
-1,578
| -0.1% | -$48.7K |
|
|
CIR
1673
DELISTED
CIRCOR International, Inc
CIR
| $32.3M | 0.01% |
1,517,042
+105,319
| +7% | +$3.5M |
|
1674
Republic Bancorp
RBCAA
$1.95B
| $32.3M | 0.01% |
833,682
+15,798
| +2% | +$679K |
|
|
DNB
1675
DELISTED
Dun & Bradstreet
DNB
| $32.3M | 0.01% |
225,995
+10,170
| +5% | +$1.45M |
|
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.