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 | |
|---|---|---|---|---|---|---|
2026
Grupo Aeroportuario del Sureste
ASR
$8.27B
| $18.2M | 0.01% |
120,445
+2,352
| +2% | +$381K |
|
2027
Equinor
EQNR
$97.7B
| $18.1M | 0.01% |
855,380
| – | – |
|
2028
Sibanye-Stillwater
SBSW
$6.26B
| $18M | 0.01% |
6,382,333
-185,166
| -3% | -$501K |
|
2029
Natural Gas Services Group
NGS
$472M
| $18M | 0.01% |
1,097,734
-1,794
| -0.2% | -$34.3K |
|
2030
Bassett Furniture
BSET
$164M
| $18M | 0.01% |
900,334
-3,150
| -0.3% | -$63.8K |
|
2031
Bank of Marin Bancorp
BMRC
$472M
| $18M | 0.01% |
437,482
+31,174
| +8% | +$1.27M |
|
|
CHUY
2032
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $18M | 0.01% |
1,016,579
+2,585
| +0.3% | +$58.3K |
|
2033
Greenlight Captial
GLRE
$552M
| $18M | 0.01% |
2,091,366
-112,176
| -5% | -$1.22M |
|
|
DHIL
2034
DELISTED
Diamond Hill
DHIL
| $18M | 0.01% |
120,495
+1,578
| +1% | +$262K |
|
2035
Intrepid Potash
IPI
$456M
| $18M | 0.01% |
692,492
+41,031
| +6% | +$1.41M |
|
|
CS
2036
DELISTED
Credit Suisse Group
CS
| $18M | 0.01% |
1,654,982
-6,686
| -0.4% | -$82.7K |
|
2037
Zillow
Z
$7.79B
| $17.9M | 0.01% |
568,288
+122,884
| +28% | +$4.36M |
|
2038
Tootsie Roll Industries
TR
$2.93B
| $17.9M | 0.01% |
680,573
-1,944
| -0.3% | -$49.6K |
|
|
HOME
2039
DELISTED
At Home Group Inc.
HOME
| $17.9M | 0.01% |
960,560
+241,273
| +34% | +$6.13M |
|
2040
JELD-WEN Holding
JELD
$122M
| $17.9M | 0.01% |
1,260,627
+408,034
| +48% | +$7.23M |
|
|
MCRN
2041
DELISTED
Milacron Holdings Corp.
MCRN
| $17.9M | 0.01% |
1,505,124
+74,793
| +5% | +$1.12M |
|
|
PCMI
2042
DELISTED
PCM, Inc
PCMI
| $17.9M | 0.01% |
1,015,272
-21,363
| -2% | -$389K |
|
2043
Sterling Infrastructure
STRL
$18.3B
| $17.8M | 0.01% |
1,634,897
-11,646
| -0.7% | -$142K |
|
2044
Under Armour Class C
UA
$2.77B
| $17.8M | 0.01% |
1,100,870
-22,058
| -2% | -$417K |
|
2045
SEACOR Marine Holdings
SMHI
$256M
| $17.7M | 0.01% |
1,508,212
+7,035
| +0.5% | +$125K |
|
2046
Keurig Dr Pepper
KDP
$42.3B
| $17.7M | 0.01% |
691,726
+10,123
| +1% | +$257K |
|
2047
Lloyds Banking Group
LYG
$89.5B
| $17.6M | 0.01% |
6,885,854
-1,045,992
| -13% | -$2.97M |
|
|
PRMW
2048
DELISTED
Primo Water Corporation
PRMW
| $17.6M | 0.01% |
1,257,632
+44,543
| +4% | +$682K |
|
|
SRGA
2049
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
| $17.6M | 0.01% |
158,545
+3,115
| +2% | +$406K |
|
2050
Ingersoll Rand
IR
$32.6B
| $17.6M | 0.01% |
859,431
+437,169
| +104% | +$10.7M |
|
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.