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 | |
|---|---|---|---|---|---|---|
|
USCR
1851
DELISTED
U S Concrete, Inc.
USCR
| $25.5M | 0.01% |
722,804
+26,172
| +4% | +$948K |
|
|
TARO
1852
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $25.5M | 0.01% |
300,981
+31,555
| +12% | +$3.04M |
|
1853
Corcept Therapeutics
CORT
$11.8B
| $25.4M | 0.01% |
1,903,036
+120,758
| +7% | +$1.6M |
|
1854
Agilysys
AGYS
$3.06B
| $25.4M | 0.01% |
1,772,134
-3,818
| -0.2% | -$60K |
|
1855
SiteOne Landscape Supply
SITE
$4.23B
| $25.4M | 0.01% |
458,743
+66,536
| +17% | +$4.17M |
|
|
XOG
1856
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| $25.3M | 0.01% |
5,895,368
+888,898
| +18% | +$6.62M |
|
1857
Grupo Cibest SA
CIB
$21.7B
| $25.3M | 0.01% |
663,259
-30,033
| -4% | -$1.2M |
|
1858
Four Corners Property Trust
FCPT
$2.82B
| $25.2M | 0.01% |
962,170
+27,864
| +3% | +$738K |
|
|
HTBK
1859
DELISTED
Heritage Commerce
HTBK
| $25.2M | 0.01% |
2,221,513
+76,529
| +4% | +$1.06M |
|
|
AUD
1860
DELISTED
Audacy, Inc.
AUD
| $25.1M | 0.01% |
4,399,646
+1,066,215
| +32% | +$7.1M |
|
1861
SolarEdge
SEDG
$2.53B
| $25.1M | 0.01% |
715,166
+33,399
| +5% | +$1.28M |
|
|
VNE
1862
DELISTED
Veoneer, Inc.
VNE
| $25.1M | 0.01% |
1,064,592
+86,079
| +9% | +$3.03M |
|
1863
Hawkins
HWKN
$2.74B
| $25M | 0.01% |
1,223,404
+7,248
| +0.6% | +$141K |
|
|
FRGI
1864
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $24.9M | 0.01% |
1,603,619
-1,543
| -0.1% | -$33.6K |
|
1865
PTC
PTC
$16.3B
| $24.9M | 0.01% |
299,987
-23,945
| -7% | -$2.1M |
|
|
HPR
1866
DELISTED
HighPoint Resources Corporation
HPR
| $24.8M | 0.01% |
199,070
+23,733
| +14% | +$4.38M |
|
|
CSW
1867
CSW Industrials
CSW
$5.51B
| $24.8M | 0.01% |
512,521
+10,450
| +2% | +$519K |
|
1868
Central Garden & Pet Co
CENT
$2.73B
| $24.8M | 0.01% |
898,709
-56,084
| -6% | -$1.47M |
|
1869
Moelis & Co
MC
$4.96B
| $24.7M | 0.01% |
718,906
+65,485
| +10% | +$2.78M |
|
1870
Varex Imaging
VREX
$496M
| $24.7M | 0.01% |
1,042,185
+193,194
| +23% | +$4.91M |
|
1871
RE/MAX Holdings
RMAX
$196M
| $24.6M | 0.01% |
800,283
+20,881
| +3% | +$730K |
|
1872
Bath & Body Works
BBWI
$4.09B
| $24.6M | 0.01% |
1,185,107
+493,956
| +71% | +$12.4M |
|
|
AZUL
1873
DELISTED
Azul
AZUL
| $24.6M | 0.01% |
887,154
-149,115
| -14% | -$3.63M |
|
1874
Titan Machinery
TITN
$408M
| $24.5M | 0.01% |
1,865,197
+7,490
| +0.4% | +$111K |
|
1875
Donegal Group Class A
DGICA
$741M
| $24.5M | 0.01% |
1,793,905
+8,491
| +0.5% | +$117K |
|
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.