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 | |
|---|---|---|---|---|---|---|
2001
United States Lime & Minerals
USLM
$3.16B
| $18.7M | 0.01% |
1,319,215
+8,695
| +0.7% | +$130K |
|
2002
Vicor
VICR
$9.56B
| $18.7M | 0.01% |
495,575
+48,853
| +11% | +$1.78M |
|
2003
Distribution Solutions Group
DSGR
$1.6B
| $18.7M | 0.01% |
1,184,614
+2,776
| +0.2% | +$43.3K |
|
2004
NWPX Infrastructure Inc
NWPX
$1.19B
| $18.7M | 0.01% |
801,048
+881
| +0.1% | +$18.7K |
|
2005
Global Net Lease
GNL
$1.84B
| $18.6M | 0.01% |
1,058,090
+113,780
| +12% | +$2.26M |
|
2006
Dime Commercial Bancshares
DCOM
$1.8B
| $18.6M | 0.01% |
731,112
+63,777
| +10% | +$1.86M |
|
2007
Coca-Cola Femsa
KOF
$22.7B
| $18.6M | 0.01% |
305,950
-31,647
| -9% | -$1.92M |
|
2008
Kite Realty
KRG
$5.81B
| $18.6M | 0.01% |
1,320,376
-21,402
| -2% | -$337K |
|
2009
Willis Lease Finance
WLFC
$1.7B
| $18.6M | 0.01% |
1,610,508
-2,040
| -0.1% | -$24.2K |
|
|
TPIC
2010
DELISTED
TPI Composites
TPIC
| $18.6M | 0.01% |
755,252
+169,528
| +29% | +$4.31M |
|
|
ZAGG
2011
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
| $18.5M | 0.01% |
1,896,725
+11,077
| +0.6% | +$125K |
|
2012
Seneca Foods Class A
SENEA
$1.12B
| $18.5M | 0.01% |
656,753
-3,521
| -0.5% | -$112K |
|
2013
Dorian LPG
LPG
$2.03B
| $18.5M | 0.01% |
3,177,510
+164,524
| +5% | +$1.19M |
|
|
GBNK
2014
DELISTED
Guaranty Bancorp
GBNK
| $18.5M | 0.01% |
892,696
| – | – |
|
2015
Wheaton Precious Metals
WPM
$49.5B
| $18.5M | 0.01% |
948,257
-2,466
| -0.3% | -$42.1K |
|
2016
Preformed Line Products
PLPC
$1.75B
| $18.5M | 0.01% |
341,351
+13,909
| +4% | +$902K |
|
2017
Ovintiv
OVV
$17.3B
| $18.5M | 0.01% |
640,072
-38,956
| -6% | -$1.68M |
|
2018
VSE Corp
VSEC
$5.45B
| $18.5M | 0.01% |
617,376
+15,015
| +2% | +$451K |
|
2019
TFS Financial
TFSL
$5.16B
| $18.5M | 0.01% |
1,144,456
+19,406
| +2% | +$298K |
|
2020
RCI Hospitality Holdings
RICK
$192M
| $18.4M | 0.01% |
824,383
+332
| +0% | +$8.33K |
|
2021
Clean Energy Fuels
CLNE
$427M
| $18.4M | 0.01% |
10,696,552
+232,198
| +2% | +$514K |
|
2022
Universal Display
OLED
$3.68B
| $18.4M | 0.01% |
196,113
+7,891
| +4% | +$796K |
|
2023
Ribbon Communications
RBBN
$377M
| $18.3M | 0.01% |
3,805,922
+215,975
| +6% | +$1.25M |
|
|
RP
2024
DELISTED
RealPage, Inc.
RP
| $18.2M | 0.01% |
378,440
+24,246
| +7% | +$1.27M |
|
2025
Honda
HMC
$39.1B
| $18.2M | 0.01% |
689,218
-2,575
| -0.4% | -$71.3K |
|
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.