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 | |
|---|---|---|---|---|---|---|
|
GNBC
1901
DELISTED
Green Bancorp, Inc
GNBC
| $23.4M | 0.01% |
1,364,952
-9,056
| -0.7% | -$175K |
|
|
I
1902
DELISTED
INTELSAT S. A.
I
| $23.3M | 0.01% |
1,091,178
+409,549
| +60% | +$11.1M |
|
1903
ANI Pharmaceuticals
ANIP
$1.8B
| $23.3M | 0.01% |
518,427
+6,546
| +1% | +$343K |
|
|
MRLN
1904
DELISTED
Marlin Business Services Corp
MRLN
| $23.3M | 0.01% |
1,044,991
-48
| -0% | -$1.23K |
|
|
FIT
1905
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $23.2M | 0.01% |
4,670,215
+464,411
| +11% | +$2.4M |
|
|
WWE
1906
DELISTED
World Wrestling Entertainment
WWE
| $23.2M | 0.01% |
310,641
-77,189
| -20% | -$5.8M |
|
|
TAST
1907
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $23.2M | 0.01% |
2,355,229
-13,617
| -0.6% | -$163K |
|
1908
Western New England Bancorp
WNEB
$259M
| $23.1M | 0.01% |
2,303,968
+59,945
| +3% | +$595K |
|
|
LSXMA
1909
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $23.1M | 0.01% |
868,221
+11,345
| +1% | +$327K |
|
1910
Daktronics
DAKT
$955M
| $23M | 0.01% |
3,114,297
+64,173
| +2% | +$499K |
|
1911
Digi International
DGII
$2.63B
| $23M | 0.01% |
2,283,088
-5,895
| -0.3% | -$68.2K |
|
|
CHSP
1912
DELISTED
Chesapeake Lodging Trust
CHSP
| $23M | 0.01% |
945,400
-16,114
| -2% | -$465K |
|
1913
Universal Electronics
UEIC
$57.8M
| $23M | 0.01% |
909,272
+22,427
| +3% | +$726K |
|
1914
AdvanSix
ASIX
$541M
| $23M | 0.01% |
943,169
+35,803
| +4% | +$994K |
|
|
NEX
1915
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $23M | 0.01% |
2,806,540
+836,326
| +42% | +$9.34M |
|
1916
Carriage Services
CSV
$641M
| $22.9M | 0.01% |
1,475,553
+71,959
| +5% | +$1.26M |
|
1917
Tyler Technologies
TYL
$12.7B
| $22.9M | 0.01% |
123,073
+9,811
| +9% | +$1.94M |
|
1918
Veeco
VECO
$3.05B
| $22.8M | 0.01% |
3,070,380
-265,808
| -8% | -$2.27M |
|
1919
CareTrust REIT
CTRE
$9.91B
| $22.7M | 0.01% |
1,229,381
+80,010
| +7% | +$1.49M |
|
1920
Sociedad Química y Minera de Chile
SQM
$19.2B
| $22.7M | 0.01% |
592,143
+1,435
| +0.2% | +$61.8K |
|
1921
Trade Desk
TTD
$8.48B
| $22.6M | 0.01% |
1,951,040
-617,050
| -24% | -$7.72M |
|
|
AAT
1922
American Assets Trust
AAT
$1.45B
| $22.6M | 0.01% |
562,681
-9,990
| -2% | -$389K |
|
|
HIBB
1923
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $22.5M | 0.01% |
1,575,923
-22,653
| -1% | -$385K |
|
|
CARO
1924
DELISTED
Carolina Financial Corp.
CARO
| $22.5M | 0.01% |
759,329
+94,043
| +14% | +$3.13M |
|
1925
SiriusXM
SIRI
$9.98B
| $22.4M | 0.01% |
392,696
+37,850
| +11% | +$2.3M |
|
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.