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 | |
|---|---|---|---|---|---|---|
|
LDL
1876
DELISTED
Lydall, Inc.
LDL
| $24.4M | 0.01% |
1,203,788
-8,301
| -0.7% | -$226K |
|
1877
DMC Global
BOOM
$138M
| $24.4M | 0.01% |
695,186
-72,250
| -9% | -$2.63M |
|
|
TGI
1878
DELISTED
Triumph Group
TGI
| $24.4M | 0.01% |
2,122,082
-676,638
| -24% | -$11.8M |
|
1879
National Fuel Gas
NFG
$7.82B
| $24.4M | 0.01% |
476,116
+25,135
| +6% | +$1.38M |
|
1880
Dine Brands
DIN
$456M
| $24.4M | 0.01% |
361,775
-76,839
| -18% | -$6.35M |
|
|
TYPE
1881
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $24.3M | 0.01% |
1,568,675
+55,594
| +4% | +$989K |
|
1882
St. Joe Company
JOE
$3.54B
| $24.3M | 0.01% |
1,848,278
+292,503
| +19% | +$4.36M |
|
1883
NatWest
NWG
$75.4B
| $24.2M | 0.01% |
4,017,501
+219,582
| +6% | +$1.41M |
|
|
BRSS
1884
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $24.2M | 0.01% |
960,820
+11,844
| +1% | +$367K |
|
1885
Forum Energy Technologies
FET
$708M
| $24.1M | 0.01% |
292,240
+5,465
| +2% | +$825K |
|
|
WMGI
1886
DELISTED
Wright Medical Group Inc
WMGI
| $24.1M | 0.01% |
885,249
+312,947
| +55% | +$8.65M |
|
1887
Quad
QUAD
$536M
| $24.1M | 0.01% |
1,953,638
+186,614
| +11% | +$3.01M |
|
1888
AMC Entertainment Holdings
AMC
$2.52B
| $24.1M | 0.01% |
195,945
+7,490
| +4% | +$1.23M |
|
1889
LeMaitre Vascular
LMAT
$2.32B
| $24M | 0.01% |
1,015,933
-4,183
| -0.4% | -$114K |
|
1890
WisdomTree
WT
$2.96B
| $23.9M | 0.01% |
3,599,120
+131,218
| +4% | +$953K |
|
1891
Powell Industries
POWL
$7.6B
| $23.9M | 0.01% |
2,869,725
+13,188
| +0.5% | +$131K |
|
1892
Tejon Ranch
TRC
$457M
| $23.9M | 0.01% |
1,440,904
+50,423
| +4% | +$937K |
|
1893
Regional Management Corp
RM
$301M
| $23.8M | 0.01% |
991,497
+47
| +0% | +$1.28K |
|
1894
Veeva Systems
VEEV
$33.1B
| $23.8M | 0.01% |
266,853
+4,441
| +2% | +$406K |
|
1895
Core Laboratories
CLB
$488M
| $23.7M | 0.01% |
397,850
+98,124
| +33% | +$8.47M |
|
1896
Citi Trends
CTRN
$555M
| $23.5M | 0.01% |
1,153,066
-1,272
| -0.1% | -$30.1K |
|
1897
News Corp Class B
NWS
$16.9B
| $23.5M | 0.01% |
2,032,455
+574,125
| +39% | +$7.51M |
|
1898
First Financial Corp
THFF
$958M
| $23.5M | 0.01% |
584,522
-736
| -0.1% | -$33.8K |
|
1899
Sanofi
SNY
$103B
| $23.5M | 0.01% |
540,321
| – | – |
|
1900
Bank of N.T. Butterfield & Son
NTB
$2.43B
| $23.4M | 0.01% |
747,515
+57,763
| +8% | +$2.37M |
|
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.