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 | |
|---|---|---|---|---|---|---|
1726
Vishay Precision Group
VPG
$1.22B
| $30.2M | 0.01% |
997,448
-17,466
| -2% | -$574K |
|
|
VGR
1727
DELISTED
Vector Group Ltd.
VGR
| $30.1M | 0.01% |
4,585,237
+224,913
| +5% | +$1.9M |
|
|
ORBC
1728
DELISTED
ORBCOMM, Inc.
ORBC
| $30.1M | 0.01% |
3,642,643
+68,369
| +2% | +$638K |
|
|
ATHN
1729
DELISTED
Athenahealth, Inc.
ATHN
| $30M | 0.01% |
227,209
+3,503
| +2% | +$449K |
|
|
LGF.B
1730
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $30M | 0.01% |
2,013,353
+444,163
| +28% | +$8.01M |
|
|
ROCC
1731
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
| $30M | 0.01% |
554,019
+4,421
| +0.8% | +$288K |
|
|
CARB
1732
DELISTED
Carbonite Inc
CARB
| $29.8M | 0.01% |
1,180,532
+41,811
| +4% | +$1.24M |
|
|
CTWS
1733
DELISTED
Connecticut Water Service Inc
CTWS
| $29.7M | 0.01% |
444,711
| – | – |
|
1734
Pathward Financial
CASH
$1.86B
| $29.7M | 0.01% |
1,530,076
-22,676
| -1% | -$529K |
|
1735
Diamondrock Hospitality Co
DRH
$2.71B
| $29.7M | 0.01% |
3,266,825
+7,949
| +0.2% | +$81.9K |
|
|
WLH
1736
DELISTED
WILLIAM LYON HOMES
WLH
| $29.6M | 0.01% |
2,770,921
-31,564
| -1% | -$403K |
|
|
ALEX
1737
DELISTED
Alexander & Baldwin
ALEX
| $29.6M | 0.01% |
1,608,322
-458,123
| -22% | -$9.23M |
|
1738
The Bancorp
TBBK
$2.79B
| $29.5M | 0.01% |
3,711,755
+112,103
| +3% | +$1.05M |
|
1739
Red Robin
RRGB
$145M
| $29.4M | 0.01% |
1,101,985
+5,459
| +0.5% | +$184K |
|
1740
ServiceNow
NOW
$115B
| $29.4M | 0.01% |
826,555
+25,260
| +3% | +$896K |
|
|
WW
1741
DELISTED
WW International
WW
| $29.4M | 0.01% |
763,157
+48,672
| +7% | +$2.67M |
|
1742
Alliant Energy
LNT
$18.3B
| $29.4M | 0.01% |
696,392
+39,358
| +6% | +$1.73M |
|
1743
Travel + Leisure Co
TNL
$4.66B
| $29.4M | 0.01% |
819,301
+260,342
| +47% | +$10.1M |
|
1744
Urban Edge Properties
UE
$2.86B
| $29.3M | 0.01% |
1,765,178
+25,519
| +1% | +$503K |
|
1745
Mesa Laboratories
MLAB
$564M
| $29.3M | 0.01% |
140,607
+1,910
| +1% | +$372K |
|
|
SRDX
1746
DELISTED
Surmodics
SRDX
| $29.3M | 0.01% |
619,966
-24,053
| -4% | -$1.44M |
|
|
XHR
1747
Xenia Hotels & Resorts
XHR
$1.9B
| $29.3M | 0.01% |
1,702,166
+23,236
| +1% | +$472K |
|
1748
CoStar Group
CSGP
$11.7B
| $29.2M | 0.01% |
866,350
+101,450
| +13% | +$3.71M |
|
1749
CRA International
CRAI
$1.16B
| $29.2M | 0.01% |
686,706
-3,653
| -0.5% | -$164K |
|
|
VISN
1750
Vistance Networks Inc
VISN
$2.65B
| $29.2M | 0.01% |
1,780,801
+350,675
| +25% | +$7.44M |
|
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.