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 | |
|---|---|---|---|---|---|---|
1926
Huazhu Hotels Group
HTHT
$13.1B
| $22.4M | 0.01% |
778,119
-4,836
| -0.6% | -$139K |
|
|
AY
1927
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $22.3M | 0.01% |
1,138,681
+86,270
| +8% | +$1.71M |
|
|
BFX
1928
DELISTED
BowFlex Inc.
BFX
| $22.3M | 0.01% |
2,045,802
-39,541
| -2% | -$494K |
|
|
BHBK
1929
DELISTED
Blue Hills Bancorp, Inc.
BHBK
| $22.3M | 0.01% |
1,042,767
-13,895
| -1% | -$320K |
|
|
CAMP
1930
DELISTED
CalAmp Corp.
CAMP
| $22.2M | 0.01% |
74,300
+1,870
| +3% | +$776K |
|
|
BFIN
1931
DELISTED
BankFinancial
BFIN
| $22.1M | 0.01% |
1,480,854
-12,683
| -0.8% | -$187K |
|
|
INFN
1932
DELISTED
Infinera Corporation Common Stock
INFN
| $22.1M | 0.01% |
5,536,643
-224,032
| -4% | -$1.12M |
|
1933
Clearway Energy Class C
CWEN
$4.94B
| $22M | 0.01% |
1,277,885
+97,160
| +8% | +$1.81M |
|
|
NSA
1934
DELISTED
National Storage Affiliates Trust
NSA
| $21.9M | 0.01% |
829,317
+72,327
| +10% | +$1.94M |
|
1935
Braskem
BAK
$928M
| $21.9M | 0.01% |
894,028
-13,942
| -2% | -$378K |
|
1936
Guidewire Software
GWRE
$12.6B
| $21.7M | 0.01% |
270,906
+34,549
| +15% | +$3.01M |
|
|
FNHC
1937
DELISTED
FedNat Holding Company Common Stock
FNHC
| $21.7M | 0.01% |
1,089,117
-9,310
| -0.8% | -$204K |
|
|
FARM
1938
DELISTED
Farmer Brothers
FARM
| $21.7M | 0.01% |
929,387
+10,015
| +1% | +$242K |
|
|
HCCI
1939
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $21.7M | 0.01% |
941,255
+4,634
| +0.5% | +$109K |
|
1940
Lantheus
LNTH
$6.49B
| $21.6M | 0.01% |
1,379,017
+65,609
| +5% | +$1M |
|
1941
Spok Holdings
SPOK
$228M
| $21.6M | 0.01% |
1,626,941
-17,943
| -1% | -$259K |
|
1942
Pilgrim's Pride
PPC
$6.51B
| $21.6M | 0.01% |
1,390,571
+298,710
| +27% | +$5.35M |
|
1943
Ameresco
AMRC
$1.12B
| $21.4M | 0.01% |
1,519,356
+127,758
| +9% | +$1.8M |
|
|
ENV
1944
DELISTED
ENVESTNET, INC.
ENV
| $21.4M | 0.01% |
434,540
+71,411
| +20% | +$3.83M |
|
1945
Park Aerospace
PKE
$737M
| $21.3M | 0.01% |
1,179,072
-30,556
| -3% | -$552K |
|
1946
Houlihan Lokey
HLI
$8.77B
| $21.2M | 0.01% |
576,789
+16,589
| +3% | +$676K |
|
1947
Incyte
INCY
$24.2B
| $21.2M | 0.01% |
333,420
+45,496
| +16% | +$2.95M |
|
1948
FRP Holdings
FRPH
$428M
| $21.1M | 0.01% |
917,862
+45,514
| +5% | +$1.13M |
|
1949
Par Pacific Holdings
PARR
$4.31B
| $21.1M | 0.01% |
1,488,337
-2,542
| -0.2% | -$43.3K |
|
|
CTRL
1950
DELISTED
Control4 Corporation
CTRL
| $21.1M | 0.01% |
1,197,634
+73,302
| +7% | +$1.74M |
|
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.