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 | |
|---|---|---|---|---|---|---|
|
STBZ
1676
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $32.2M | 0.01% |
1,490,780
-11,321
| -0.8% | -$282K |
|
1677
Prudential
PUK
$37.6B
| $32.2M | 0.01% |
937,997
+13,292
| +1% | +$508K |
|
|
TACO
1678
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
| $32.1M | 0.01% |
3,218,124
-6,882
| -0.2% | -$74.2K |
|
1679
Hyatt Hotels
H
$16.4B
| $32M | 0.01% |
472,970
+81,800
| +21% | +$5.73M |
|
1680
Mercantile Bank Corp
MBWM
$1.04B
| $32M | 0.01% |
1,131,042
+49,382
| +5% | +$1.53M |
|
1681
Boot Barn
BOOT
$4.51B
| $31.9M | 0.01% |
1,875,693
-25,706
| -1% | -$591K |
|
1682
Astronics
ATRO
$3.43B
| $31.9M | 0.01% |
1,256,341
-212,688
| -14% | -$5.6M |
|
1683
ProPetro Holding
PUMP
$1.36B
| $31.9M | 0.01% |
2,587,031
+286,476
| +12% | +$4.72M |
|
1684
Chunghwa Telecom
CHT
$33.1B
| $31.9M | 0.01% |
890,526
-6,177
| -0.7% | -$215K |
|
|
VVC
1685
DELISTED
Vectren Corporation
VVC
| $31.9M | 0.01% |
442,618
+9,515
| +2% | +$682K |
|
1686
Patrick Industries
PATK
$2.74B
| $31.8M | 0.01% |
1,611,513
+76,644
| +5% | +$2.17M |
|
|
PRSP
1687
DELISTED
Perspecta Inc. Common Stock
PRSP
| $31.7M | 0.01% |
1,840,545
+270,254
| +17% | +$5.98M |
|
1688
Philips
PHG
$25.7B
| $31.7M | 0.01% |
1,162,510
-139,276
| -11% | -$4.11M |
|
|
COHR
1689
DELISTED
Coherent Inc
COHR
| $31.6M | 0.01% |
299,361
+55,778
| +23% | +$7.16M |
|
|
ACH
1690
Accendra Health
ACH
$237M
| $31.6M | 0.01% |
4,997,973
+19,174
| +0.4% | +$199K |
|
1691
Lattice Semiconductor
LSCC
$17.6B
| $31.6M | 0.01% |
4,564,967
+25,368
| +0.6% | +$171K |
|
1692
Global Industrial
GIC
$1.37B
| $31.5M | 0.01% |
1,318,412
+16,623
| +1% | +$471K |
|
1693
Churchill Downs
CHDN
$5.88B
| $31.4M | 0.01% |
773,478
+390
| +0.1% | +$17.2K |
|
|
EXPR
1694
DELISTED
Express, Inc.
EXPR
| $31.4M | 0.01% |
307,087
-18,525
| -6% | -$2.86M |
|
|
NVEE
1695
DELISTED
NV5 Global
NVEE
| $31.4M | 0.01% |
2,072,308
-11,764
| -0.6% | -$218K |
|
1696
Park National Corp
PRK
$3.76B
| $31.3M | 0.01% |
368,746
+10,583
| +3% | +$983K |
|
1697
Terreno Realty
TRNO
$7.57B
| $31.2M | 0.01% |
886,559
+32,004
| +4% | +$1.19M |
|
1698
Acadia Realty Trust
AKR
$3.09B
| $31.1M | 0.01% |
1,307,540
-15,238
| -1% | -$419K |
|
1699
Global Indemnity Group
GBLI
$402M
| $31.1M | 0.01% |
857,207
-24,893
| -3% | -$872K |
|
|
CLR
1700
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $30.9M | 0.01% |
769,765
+12,127
| +2% | +$620K |
|
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.