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 | |
|---|---|---|---|---|---|---|
|
LGF.A
1751
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $29.2M | 0.01% |
1,811,007
+480,272
| +36% | +$9.3M |
|
1752
Unitil
UTL
$970M
| $29.1M | 0.01% |
575,348
+3,753
| +0.7% | +$187K |
|
1753
Enbridge
ENB
$119B
| $29.1M | 0.01% |
936,495
+29,232
| +3% | +$940K |
|
|
SHPG
1754
DELISTED
Shire pic
SHPG
| $29.1M | 0.01% |
167,137
+4
| +0% | +$700 |
|
1755
Calix
CALX
$2.26B
| $29.1M | 0.01% |
2,981,386
-19,446
| -0.6% | -$169K |
|
|
DF
1756
DELISTED
Dean Foods Company
DF
| $29M | 0.01% |
7,619,317
-63,279
| -0.8% | -$382K |
|
1757
Camden National
CAC
$978M
| $29M | 0.01% |
807,033
+6,820
| +0.9% | +$274K |
|
|
UCFC
1758
DELISTED
United Community Financial Corp
UCFC
| $28.9M | 0.01% |
3,270,364
+50,551
| +2% | +$464K |
|
1759
First Hawaiian
FHB
$3.38B
| $28.9M | 0.01% |
1,285,731
+539,621
| +72% | +$13.3M |
|
1760
Advanced Drainage Systems
WMS
$10.6B
| $28.9M | 0.01% |
1,192,701
+103,572
| +10% | +$2.79M |
|
1761
National Presto Industries
NPK
$870M
| $28.8M | 0.01% |
246,139
+9,551
| +4% | +$1.2M |
|
|
CHX
1762
DELISTED
ChampionX
CHX
| $28.7M | 0.01% |
1,060,197
+54,333
| +5% | +$2M |
|
1763
Brighthouse Financial
BHF
$3.56B
| $28.7M | 0.01% |
941,405
+106,333
| +13% | +$4.15M |
|
|
DPLO
1764
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $28.6M | 0.01% |
2,128,358
+395,246
| +23% | +$6.66M |
|
1765
Monolithic Power Systems
MPWR
$70.1B
| $28.6M | 0.01% |
245,914
+8,939
| +4% | +$1.07M |
|
1766
Malibu Boats
MBUU
$541M
| $28.5M | 0.01% |
820,097
+18,378
| +2% | +$808K |
|
|
ELME
1767
Elme Communities
ELME
$143M
| $28.5M | 0.01% |
1,240,004
+1,905
| +0.2% | +$52.4K |
|
|
BOJA
1768
DELISTED
Bojangles', Inc. Common Stock
BOJA
| $28.5M | 0.01% |
1,769,425
+51,328
| +3% | +$822K |
|
|
ROIC
1769
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $28.4M | 0.01% |
1,789,479
+2,127
| +0.1% | +$37.4K |
|
|
TSC
1770
DELISTED
TriState Capital Holdings, Inc.
TSC
| $28.4M | 0.01% |
1,458,693
+131,522
| +10% | +$3.19M |
|
|
EPAY
1771
DELISTED
Bottomline Technologies Inc
EPAY
| $28.4M | 0.01% |
591,271
+53,076
| +10% | +$3.07M |
|
|
QTS
1772
DELISTED
QTS REALTY TRUST, INC.
QTS
| $28.4M | 0.01% |
766,050
-15,499
| -2% | -$615K |
|
1773
LXP Industrial Trust
LXP
$3.57B
| $28.4M | 0.01% |
690,988
-4,827
| -0.7% | -$199K |
|
1774
Peapack-Gladstone Financial
PGC
$815M
| $28.4M | 0.01% |
1,126,448
+83,659
| +8% | +$2.31M |
|
1775
Cass Information Systems
CASS
$714M
| $28.2M | 0.01% |
533,318
+3,547
| +0.7% | +$191K |
|
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.