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 |
Berkshire Hathaway Class B
BRK.B
|
+$680M |
| 2 |
AT&T
T
|
+$398M |
| 3 |
Bank of America
BAC
|
+$266M |
| 4 |
Pfizer
PFE
|
+$254M |
| 5 |
EFOR
Everforth Inc
EFOR
|
+$168M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$823M |
| 2 |
Qualcomm
QCOM
|
+$263M |
| 3 |
Cisco
CSCO
|
+$233M |
| 4 |
JPMorgan Chase
JPM
|
+$147M |
| 5 |
MON
Monsanto Co
MON
|
+$115M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.59% |
| 2 | Industrials | 12.95% |
| 3 | Technology | 12.72% |
| 4 | Consumer Discretionary | 10.67% |
| 5 | Healthcare | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CBB
1976
DELISTED
Cincinnati Bell Inc.
CBB
| $25.8M | 0.01% |
1,640,506
+14,578
| +0.9% | +$213K |
|
1977
Zillow
Z
$7.79B
| $25.7M | 0.01% |
435,778
-12,893
| -3% | -$714K |
|
1978
Atkore
ATKR
$2.46B
| $25.5M | 0.01% |
1,229,113
+457,055
| +59% | +$9.26M |
|
1979
Middlesex Water
MSEX
$1.08B
| $25.5M | 0.01% |
604,706
+3,851
| +0.6% | +$160K |
|
1980
Yelp
YELP
$1.45B
| $25.4M | 0.01% |
647,466
+560,847
| +647% | +$24.3M |
|
1981
Under Armour Class C
UA
$2.77B
| $25.3M | 0.01% |
1,198,725
-15,713
| -1% | -$279K |
|
1982
Daktronics
DAKT
$955M
| $25.2M | 0.01% |
2,966,351
+150,674
| +5% | +$1.35M |
|
1983
Shutterstock
SSTK
$198M
| $25.2M | 0.01% |
531,272
+52,896
| +11% | +$2.52M |
|
|
PTVCB
1984
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
| $25.2M | 0.01% |
1,032,800
-11,503
| -1% | -$271K |
|
|
CS
1985
DELISTED
Credit Suisse Group
CS
| $25.2M | 0.01% |
1,692,571
-10,801
| -0.6% | -$174K |
|
1986
Spok Holdings
SPOK
$228M
| $25.1M | 0.01% |
1,670,164
-9,570
| -0.6% | -$144K |
|
1987
Travere Therapeutics
TVTX
$5.2B
| $25.1M | 0.01% |
922,043
-3,749
| -0.4% | -$99.8K |
|
1988
Hurco Companies Inc
HURC
$135M
| $25.1M | 0.01% |
560,954
-3,700
| -0.7% | -$170K |
|
1989
Mattel
MAT
$4.38B
| $25.1M | 0.01% |
1,527,493
-84,765
| -5% | -$1.29M |
|
1990
Koppers
KOP
$943M
| $24.9M | 0.01% |
650,540
-979
| -0.2% | -$40.7K |
|
|
AAMI
1991
Acadian Asset Management
AAMI
$3.08B
| $24.9M | 0.01% |
1,744,599
+161,521
| +10% | +$2.47M |
|
1992
TechTarget
TTGT
$325M
| $24.8M | 0.01% |
874,588
+49,336
| +6% | +$1.18M |
|
|
FNHC
1993
DELISTED
FedNat Holding Company Common Stock
FNHC
| $24.8M | 0.01% |
1,074,035
+36,228
| +3% | +$719K |
|
1994
Crown Holdings
CCK
$12.8B
| $24.7M | 0.01% |
551,092
-6,782
| -1% | -$318K |
|
1995
Bassett Furniture
BSET
$164M
| $24.6M | 0.01% |
894,201
-10,194
| -1% | -$290K |
|
1996
Pinnacle West Capital
PNW
$12.2B
| $24.6M | 0.01% |
305,235
+7,290
| +2% | +$570K |
|
1997
Ichor Holdings
ICHR
$2.62B
| $24.6M | 0.01% |
1,158,654
+587,943
| +103% | +$14M |
|
1998
Mistras Group
MG
$484M
| $24.5M | 0.01% |
1,298,205
+53,414
| +4% | +$1.04M |
|
1999
Intrepid Potash
IPI
$456M
| $24.5M | 0.01% |
597,755
+99,712
| +20% | +$4.35M |
|
|
SIR
2000
DELISTED
SELECT INCOME REIT
SIR
| $24.5M | 0.01% |
2,477,241
+11,962
| +0.5% | +$108K |
|
Similar funds
Dimensional Fund Advisors's Q2 2018 Portfolio in Review
As of Q2 2018, Dimensional Fund Advisors held 3,442 positions worth $251B, up 4.5% from $240B the previous quarter. Its ten largest holdings account for 9.5% of the portfolio.
Trading was light in Q2 2018: portfolio turnover was 5%. Dimensional Fund Advisors opened 95 new positions and exited 76, leaving the 3,442-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 20% a quarter earlier, followed by Industrials and Technology.
- Dimensional Fund Advisors's largest Q2 2018 buy was nVent Electric: 2,369,790 shares worth $59.5M.
- Dimensional Fund Advisors added most to Berkshire Hathaway Class B in Q2 2018, an estimated $680M increase.
- Dimensional Fund Advisors's biggest Q2 2018 reduction was Qualcomm, cutting an estimated $263M.
- Dimensional Fund Advisors fully exited Time Warner Inc in Q2 2018, selling an estimated $823M.
- Dimensional Fund Advisors's ten largest holdings make up 9.5% of its $251B portfolio in Q2 2018.
- Dimensional Fund Advisors opened 95 new positions and closed 76 in Q2 2018.
- Dimensional Fund Advisors's portfolio value rose 4.5% quarter-over-quarter to $251B.
Based on Dimensional Fund Advisors's 13F filing for Q2 2018, filed 10 Aug 2018.