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 | |
|---|---|---|---|---|---|---|
|
BRSL
1801
Brightstar Lottery PLC
BRSL
$1.84B
| $27.5M | 0.01% |
1,878,449
+6,641
| +0.4% | +$110K |
|
|
VRE
1802
DELISTED
Veris Residential
VRE
| $27.4M | 0.01% |
1,398,334
-21,883
| -2% | -$448K |
|
|
GHL
1803
DELISTED
Greenhill & Co., Inc.
GHL
| $27.4M | 0.01% |
1,121,554
-19,846
| -2% | -$485K |
|
|
UNVR
1804
DELISTED
Univar Solutions Inc.
UNVR
| $27.4M | 0.01% |
1,542,522
+310,016
| +25% | +$7.18M |
|
1805
Paylocity
PCTY
$7.38B
| $27.3M | 0.01% |
453,995
+95,223
| +27% | +$6.11M |
|
1806
Sony
SONY
$137B
| $27.3M | 0.01% |
2,828,930
+11,500
| +0.4% | +$122K |
|
|
ADSW
1807
DELISTED
Advanced Disposal Services Inc
ADSW
| $27.3M | 0.01% |
1,140,842
+101,881
| +10% | +$2.63M |
|
|
MGP
1808
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $27.3M | 0.01% |
1,032,923
+62,368
| +6% | +$1.74M |
|
1809
Exelixis
EXEL
$13.3B
| $27.2M | 0.01% |
1,381,432
+144,741
| +12% | +$2.58M |
|
1810
MGIC Investment
MTG
$6.16B
| $27.1M | 0.01% |
2,587,319
+113,061
| +5% | +$1.32M |
|
1811
Fossil Group
FOSL
$293M
| $27M | 0.01% |
1,715,698
+169,086
| +11% | +$3.28M |
|
1812
SITE Centers
SITC
$225M
| $27M | 0.01% |
3,124,353
-102,778
| -3% | -$965K |
|
1813
Vipshop
VIPS
$7.37B
| $27M | 0.01% |
4,937,700
+18,633
| +0.4% | +$100K |
|
1814
Herc Holdings
HRI
$5.02B
| $26.9M | 0.01% |
1,036,403
+25,536
| +3% | +$890K |
|
|
PTR
1815
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $26.8M | 0.01% |
436,230
| – | – |
|
1816
Medpace
MEDP
$16.1B
| $26.8M | 0.01% |
506,896
+147,472
| +41% | +$8.1M |
|
1817
PG&E
PCG
$38.3B
| $26.8M | 0.01% |
1,129,030
+17,128
| +2% | +$613K |
|
1818
Canadian National Railway
CNI
$76.9B
| $26.8M | 0.01% |
361,358
+13,759
| +4% | +$1.14M |
|
1819
Atkore
ATKR
$2.46B
| $26.6M | 0.01% |
1,342,518
+41,883
| +3% | +$877K |
|
|
IPHS
1820
DELISTED
Innophos Holdings, Inc.
IPHS
| $26.6M | 0.01% |
1,084,227
+38,309
| +4% | +$1.16M |
|
1821
TAL Education Group
TAL
$6.93B
| $26.6M | 0.01% |
995,745
-13,103
| -1% | -$348K |
|
1822
Preferred Bank
PFBC
$1.24B
| $26.6M | 0.01% |
613,310
+24,728
| +4% | +$1.26M |
|
1823
Motorcar Parts of America
MPAA
$254M
| $26.5M | 0.01% |
1,594,107
+1,610
| +0.1% | +$30.6K |
|
1824
Myers Industries
MYE
$1.29B
| $26.5M | 0.01% |
1,754,503
-12,777
| -0.7% | -$210K |
|
1825
Triumph Financial Inc
TFIN
$1.81B
| $26.5M | 0.01% |
891,542
+52,937
| +6% | +$1.87M |
|
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.