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 | |
|---|---|---|---|---|---|---|
2051
FB Financial Corp
FBK
$3.02B
| $17.6M | 0.01% |
501,655
+75,643
| +18% | +$2.77M |
|
2052
QCR Holdings
QCRH
$1.69B
| $17.5M | 0.01% |
546,201
+35,714
| +7% | +$1.29M |
|
|
BSTC
2053
DELISTED
BioSpecifics Technologies Corp.
BSTC
| $17.5M | 0.01% |
289,243
+8,132
| +3% | +$486K |
|
|
CCRN
2054
DELISTED
Cross Country Healthcare
CCRN
| $17.5M | 0.01% |
2,387,342
+155,059
| +7% | +$1.3M |
|
2055
Sarepta Therapeutics
SRPT
$1.57B
| $17.5M | 0.01% |
160,044
+4,602
| +3% | +$576K |
|
|
SPLK
2056
DELISTED
Splunk Inc
SPLK
| $17.4M | 0.01% |
166,204
+8,366
| +5% | +$846K |
|
2057
NN Inc
NNBR
$255M
| $17.4M | 0.01% |
2,593,354
+261,457
| +11% | +$2.51M |
|
|
ULTI
2058
DELISTED
Ultimate Software Group Inc
ULTI
| $17.4M | 0.01% |
71,049
+2,366
| +3% | +$627K |
|
|
HTB
2059
HomeTrust Bancshares
HTB
$860M
| $17.3M | 0.01% |
661,496
-2,145
| -0.3% | -$57.3K |
|
2060
Hamilton Beach Brands
HBB
$311M
| $17.3M | 0.01% |
738,167
-34,175
| -4% | -$735K |
|
2061
Equity Bancshares
EQBK
$1.04B
| $17.2M | 0.01% |
488,840
+62,160
| +15% | +$2.26M |
|
|
NETI
2062
DELISTED
Eneti Inc.
NETI
| $17.2M | 0.01% |
334,320
+51,031
| +18% | +$2.91M |
|
2063
RPC Inc
RES
$1.24B
| $17.2M | 0.01% |
1,738,161
+13,560
| +0.8% | +$184K |
|
|
ZGNX
2064
DELISTED
Zogenix, Inc.
ZGNX
| $17.2M | 0.01% |
470,460
+238,002
| +102% | +$9.74M |
|
2065
Pitney Bowes
PBI
$2.4B
| $17.1M | 0.01% |
2,900,055
+118,348
| +4% | +$853K |
|
|
PTVCB
2066
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
| $17.1M | 0.01% |
1,029,393
-10,349
| -1% | -$220K |
|
|
KEYW
2067
DELISTED
The KEYW Holding Corporation
KEYW
| $17.1M | 0.01% |
2,561,624
+282,010
| +12% | +$2.39M |
|
2068
PJT Partners
PJT
$4.3B
| $17.1M | 0.01% |
441,217
+23,766
| +6% | +$1.07M |
|
2069
Phibro Animal Health
PAHC
$1.47B
| $17.1M | 0.01% |
531,387
+20,108
| +4% | +$759K |
|
|
ONDK
2070
DELISTED
On Deck Capital, Inc.
ONDK
| $17M | 0.01% |
2,877,410
+273,423
| +11% | +$1.94M |
|
2071
Reading International Class A
RDI
$33.2M
| $17M | 0.01% |
1,166,668
+16,674
| +1% | +$250K |
|
2072
National CineMedia
NCMI
$376M
| $16.9M | 0.01% |
261,042
+6,773
| +3% | +$533K |
|
|
TLRD
2073
DELISTED
Tailored Brands, Inc.
TLRD
| $16.8M | 0.01% |
1,233,858
+45,217
| +4% | +$932K |
|
2074
Commault Systems
CVLT
$4.88B
| $16.8M | 0.01% |
284,709
+122,516
| +76% | +$7.23M |
|
|
SCG
2075
DELISTED
Scana
SCG
| $16.8M | 0.01% |
350,827
+18,919
| +6% | +$813K |
|
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.