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 | |
|---|---|---|---|---|---|---|
2001
Donegal Group Class A
DGICA
$731M
| $24.4M | 0.01% |
1,794,145
+51,117
| +3% | +$731K |
|
2002
Agree Realty
ADC
$9.34B
| $24.4M | 0.01% |
461,952
+26,777
| +6% | +$1.36M |
|
2003
Miller Industries
MLR
$573M
| $24.2M | 0.01% |
947,678
-9,496
| -1% | -$247K |
|
2004
Western New England Bancorp
WNEB
$259M
| $24.2M | 0.01% |
2,196,685
+35,140
| +2% | +$381K |
|
|
GMS
2005
DELISTED
GMS Inc
GMS
| $24.2M | 0.01% |
891,608
+225,233
| +34% | +$6.84M |
|
|
BBBY
2006
Bed Bath & Beyond
BBBY
$481M
| $24.1M | 0.01% |
953,280
-1,173,112
| -55% | -$31.9M |
|
|
HK
2007
DELISTED
Halcon Resources Corporation
HK
| $24.1M | 0.01% |
5,483,649
+341,304
| +7% | +$1.66M |
|
|
WPG
2008
DELISTED
Washington Prime Group Inc.
WPG
| $24M | 0.01% |
329,446
+4,380
| +1% | +$283K |
|
|
DLPH
2009
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $24M | 0.01% |
528,579
+53,767
| +11% | +$2.68M |
|
2010
Travel + Leisure Co
TNL
$4.66B
| $24M | 0.01% |
542,414
-715,272
| -57% | -$35.3M |
|
|
ITCI
2011
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $24M | 0.01% |
1,356,720
+159,860
| +13% | +$3.25M |
|
2012
Pitney Bowes
PBI
$2.4B
| $24M | 0.01% |
2,797,259
+213,777
| +8% | +$2.06M |
|
2013
Varex Imaging
VREX
$472M
| $23.9M | 0.01% |
645,581
+31,724
| +5% | +$1.17M |
|
2014
Franklin Covey
FC
$242M
| $23.9M | 0.01% |
974,336
-43,119
| -4% | -$1.16M |
|
2015
RPC Inc
RES
$1.24B
| $23.9M | 0.01% |
1,639,247
+133,189
| +9% | +$2.28M |
|
2016
Ribbon Communications
RBBN
$377M
| $23.8M | 0.01% |
3,349,652
+155,747
| +5% | +$912K |
|
2017
SiriusXM
SIRI
$9.98B
| $23.8M | 0.01% |
351,464
-35
| -0% | -$2.36K |
|
|
PRSP
2018
DELISTED
Perspecta Inc. Common Stock
PRSP
| $23.6M | 0.01% |
+1,150,112
| New | +$25.8M |
|
|
VRN
2019
DELISTED
Veren
VRN
| $23.6M | 0.01% |
3,209,642
-27,277
| -0.8% | -$215K |
|
2020
National Fuel Gas
NFG
$7.82B
| $23.6M | 0.01% |
445,377
+9,863
| +2% | +$511K |
|
2021
Hilton Grand Vacations
HGV
$3.59B
| $23.6M | 0.01% |
678,775
+126,837
| +23% | +$5.13M |
|
2022
Braskem
BAK
$928M
| $23.5M | 0.01% |
903,812
-2,213
| -0.2% | -$57.1K |
|
|
SPPI
2023
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $23.5M | 0.01% |
1,119,037
-1,298,911
| -54% | -$24.1M |
|
|
RLH
2024
DELISTED
Red Lions Hotel Corporation
RLH
| $23.4M | 0.01% |
2,011,687
+25,171
| +1% | +$267K |
|
2025
RadNet
RDNT
$5.02B
| $23.4M | 0.01% |
1,560,823
+10,114
| +0.7% | +$137K |
|
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.