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 | |
|---|---|---|---|---|---|---|
1951
Arrow Financial
AROW
$659M
| $21.1M | 0.01% |
762,747
+9,361
| +1% | +$278K |
|
1952
Capital City Bank Group
CCBG
$888M
| $21M | 0.01% |
903,151
+25,541
| +3% | +$617K |
|
|
DATA
1953
DELISTED
Tableau Software, Inc.
DATA
| $20.9M | 0.01% |
173,969
+950
| +0.5% | +$106K |
|
1954
PetMed Express
PETS
$41.7M
| $20.8M | 0.01% |
894,852
-9,996
| -1% | -$267K |
|
1955
W&T Offshore
WTI
$534M
| $20.8M | 0.01% |
5,042,631
+196,139
| +4% | +$1.25M |
|
|
AAMI
1956
Acadian Asset Management
AAMI
$3.08B
| $20.7M | 0.01% |
1,939,701
+118,443
| +7% | +$1.42M |
|
|
ARNA
1957
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $20.7M | 0.01% |
530,482
+170,954
| +48% | +$6.71M |
|
1958
Wayfair
W
$11.2B
| $20.6M | 0.01% |
228,857
-954
| -0.4% | -$100K |
|
|
FFWM
1959
DELISTED
First Foundation Inc
FFWM
| $20.6M | 0.01% |
1,602,366
+321,622
| +25% | +$4.85M |
|
1960
PENN Entertainment
PENN
$2.75B
| $20.5M | 0.01% |
1,086,384
+252,915
| +30% | +$6.01M |
|
1961
Alpha and Omega Semiconductor
AOSL
$950M
| $20.4M | 0.01% |
2,002,936
-5,677
| -0.3% | -$58.5K |
|
1962
Allient
ALNT
$1.49B
| $20.4M | 0.01% |
684,179
-4,765
| -0.7% | -$146K |
|
1963
Ring Energy
REI
$315M
| $20.3M | 0.01% |
4,003,690
+429,848
| +12% | +$3.05M |
|
1964
Titan International
TWI
$466M
| $20.3M | 0.01% |
4,351,692
+31,199
| +0.7% | +$202K |
|
|
GBT
1965
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $20.2M | 0.01% |
492,420
+409,934
| +497% | +$15.4M |
|
1966
PAR Technology
PAR
$699M
| $20.2M | 0.01% |
929,174
-8,661
| -0.9% | -$167K |
|
1967
RELX
RELX
$61.8B
| $20.2M | 0.01% |
982,576
+117,900
| +14% | +$2.39M |
|
1968
Ichor Holdings
ICHR
$2.62B
| $20.2M | 0.01% |
1,236,356
-34,015
| -3% | -$588K |
|
1969
Hurco Companies Inc
HURC
$135M
| $20.2M | 0.01% |
564,457
-1,167
| -0.2% | -$46.6K |
|
|
SHYF
1970
DELISTED
The Shyft Group
SHYF
| $20.1M | 0.01% |
2,783,787
+2,912
| +0.1% | +$27.1K |
|
|
VBTX
1971
DELISTED
Veritex Holdings
VBTX
| $19.9M | 0.01% |
928,637
-15,528
| -2% | -$379K |
|
1972
The RMR Group
RMR
$325M
| $19.8M | 0.01% |
373,780
+5,667
| +2% | +$400K |
|
1973
Mistras Group
MG
$484M
| $19.8M | 0.01% |
1,378,961
+59,870
| +5% | +$1.05M |
|
1974
Cameco
CCJ
$37.6B
| $19.8M | 0.01% |
1,746,665
+7,004
| +0.4% | +$81.1K |
|
|
FSB
1975
DELISTED
Franklin Financial Network, Inc.
FSB
| $19.8M | 0.01% |
751,678
+55,256
| +8% | +$1.83M |
|
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.