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 |
Walt Disney
DIS
|
+$243M |
| 2 |
Chevron
CVX
|
+$221M |
| 3 |
JPMorgan Chase
JPM
|
+$202M |
| 4 |
FITB
Fifth Third Bancorp
FITB
|
+$194M |
| 5 |
RTX Corp
RTX
|
+$130M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ESL
Esterline Technologies
ESL
|
+$286M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$221M |
| 3 |
MBFI
MB Financial Corp
MBFI
|
+$199M |
| 4 |
AHL
ASPEN Insurance Holding Limited
AHL
|
+$191M |
| 5 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$99.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.19% |
| 2 | Industrials | 13.21% |
| 3 | Technology | 13.18% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Healthcare | 9.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ARNA
1976
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $22.7M | 0.01% |
506,129
-24,353
| -5% | -$1.12M |
|
1977
Companhia Siderúrgica Nacional
SID
$1.31B
| $22.7M | 0.01% |
5,523,044
-269,020
| -5% | -$848K |
|
1978
Willis Lease Finance
WLFC
$1.7B
| $22.6M | 0.01% |
1,602,804
-7,704
| -0.5% | -$102K |
|
1979
FRP Holdings
FRPH
$428M
| $22.6M | 0.01% |
951,038
+33,176
| +4% | +$825K |
|
1980
Braskem
BAK
$928M
| $22.6M | 0.01% |
872,585
-21,443
| -2% | -$593K |
|
|
VNE
1981
DELISTED
Veoneer, Inc.
VNE
| $22.5M | 0.01% |
985,192
-79,400
| -7% | -$2.2M |
|
1982
Hawkins
HWKN
$2.67B
| $22.5M | 0.01% |
1,222,550
-854
| -0.1% | -$17.4K |
|
1983
PennyMac Financial
PFSI
$3.92B
| $22.5M | 0.01% |
1,009,859
+230,980
| +30% | +$5.06M |
|
1984
Donnelley Financial Solutions
DFIN
$1.16B
| $22.4M | 0.01% |
1,506,808
+112,070
| +8% | +$1.68M |
|
1985
Barrett Business Services
BBSI
$959M
| $22.4M | 0.01% |
1,158,936
+17,636
| +2% | +$306K |
|
|
ACHN
1986
DELISTED
Achillion Pharmaceuticals
ACHN
| $22.4M | 0.01% |
7,553,328
+110,851
| +1% | +$272K |
|
1987
Pitney Bowes
PBI
$2.4B
| $22.3M | 0.01% |
3,249,076
+349,021
| +12% | +$2.41M |
|
|
MRLN
1988
DELISTED
Marlin Business Services Corp
MRLN
| $22.3M | 0.01% |
1,037,875
-7,116
| -0.7% | -$163K |
|
|
ACIA
1989
DELISTED
Acacia Communications Inc
ACIA
| $22.3M | 0.01% |
388,010
+54,616
| +16% | +$2.61M |
|
|
FPRX
1990
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $22.2M | 0.01% |
1,658,706
+174,528
| +12% | +$1.99M |
|
1991
Arrow Financial
AROW
$659M
| $22.2M | 0.01% |
781,315
+18,568
| +2% | +$540K |
|
1992
PENN Entertainment
PENN
$2.75B
| $22.2M | 0.01% |
1,102,140
+15,756
| +1% | +$369K |
|
1993
V2X
VVX
$2.83B
| $22.1M | 0.01% |
831,157
+54,701
| +7% | +$1.41M |
|
1994
Spok Holdings
SPOK
$228M
| $22.1M | 0.01% |
1,620,787
-6,154
| -0.4% | -$85.4K |
|
1995
CEVA Inc
CEVA
$910M
| $22.1M | 0.01% |
817,991
+93,662
| +13% | +$2.54M |
|
1996
SPS Commerce
SPSC
$2.64B
| $22M | 0.01% |
415,368
+47,260
| +13% | +$2.31M |
|
1997
Citi Trends
CTRN
$555M
| $22M | 0.01% |
1,137,877
-15,189
| -1% | -$312K |
|
1998
Kinsale Capital Group
KNSL
$8.12B
| $22M | 0.01% |
320,434
+43,870
| +16% | +$2.74M |
|
|
DATA
1999
DELISTED
Tableau Software, Inc.
DATA
| $22M | 0.01% |
172,551
-1,418
| -0.8% | -$179K |
|
2000
Expro Ltd
XPRO
$1.79B
| $21.9M | 0.01% |
588,788
+71,607
| +14% | +$2.61M |
|
Similar funds
Dimensional Fund Advisors's Q1 2019 Portfolio in Review
As of Q1 2019, Dimensional Fund Advisors held 3,518 positions worth $251B, up 14% from $221B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4%. Dimensional Fund Advisors opened 69 new positions and exited 72, leaving the 3,518-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Industrials and Technology.
- Dimensional Fund Advisors's largest Q1 2019 buy was Fox Class A: 1,480,073 shares worth $54.3M.
- Dimensional Fund Advisors added most to Walt Disney in Q1 2019, an estimated $243M increase.
- Dimensional Fund Advisors's biggest Q1 2019 reduction was Marathon Petroleum, cutting an estimated $95.7M.
- Dimensional Fund Advisors fully exited Esterline Technologies in Q1 2019, selling an estimated $286M.
- Dimensional Fund Advisors's ten largest holdings make up 9.6% of its $251B portfolio in Q1 2019.
- Dimensional Fund Advisors opened 69 new positions and closed 72 in Q1 2019.
- Dimensional Fund Advisors's portfolio value rose 14% quarter-over-quarter to $251B.
Based on Dimensional Fund Advisors's 13F filing for Q1 2019, filed 10 May 2019.