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 | |
|---|---|---|---|---|---|---|
2076
V2X
VVX
$2.83B
| $16.8M | 0.01% |
776,456
+30,146
| +4% | +$770K |
|
|
RLH
2077
DELISTED
Red Lions Hotel Corporation
RLH
| $16.8M | 0.01% |
2,043,174
+1,283
| +0.1% | +$12.6K |
|
|
AVP
2078
DELISTED
Avon Products, Inc.
AVP
| $16.7M | 0.01% |
11,012,989
+77,342
| +0.7% | +$148K |
|
2079
Costamare
CMRE
$1.88B
| $16.7M | 0.01% |
3,812,723
+163,812
| +4% | +$867K |
|
|
INWK
2080
DELISTED
InnerWorkings, Inc.
INWK
| $16.7M | 0.01% |
4,468,407
-126,883
| -3% | -$705K |
|
|
AKS
2081
DELISTED
AK Steel Holding Corp
AKS
| $16.7M | 0.01% |
7,423,378
+368,190
| +5% | +$1.33M |
|
|
AMAG
2082
DELISTED
AMAG Pharmaceuticals
AMAG
| $16.7M | 0.01% |
1,097,994
-591
| -0.1% | -$11.3K |
|
2083
Floor & Decor
FND
$6.13B
| $16.7M | 0.01% |
642,841
+191,179
| +42% | +$5.58M |
|
2084
Sunrun
RUN
$2.34B
| $16.6M | 0.01% |
1,525,543
+1,019,554
| +201% | +$12.9M |
|
2085
Korea Electric Power
KEP
$15.3B
| $16.6M | 0.01% |
1,126,042
-6,647
| -0.6% | -$84.8K |
|
2086
PennyMac Financial
PFSI
$3.92B
| $16.6M | 0.01% |
778,879
-11,532
| -1% | -$236K |
|
|
LFC
2087
DELISTED
China Life Insurance Company Ltd.
LFC
| $16.6M | 0.01% |
1,578,037
-9,648
| -0.6% | -$103K |
|
|
OMN
2088
DELISTED
OMNOVA Solutions Inc.
OMN
| $16.6M | 0.01% |
2,258,322
-4,620
| -0.2% | -$37.2K |
|
2089
Atara Biotherapeutics
ATRA
$75.5M
| $16.5M | 0.01% |
18,999
+9,833
| +107% | +$9.13M |
|
|
ITCI
2090
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $16.4M | 0.01% |
1,444,223
+24,335
| +2% | +$393K |
|
2091
PDF Solutions
PDFS
$1.93B
| $16.4M | 0.01% |
1,948,829
+80,848
| +4% | +$686K |
|
2092
Alnylam Pharmaceuticals
ALNY
$27.5B
| $16.4M | 0.01% |
225,148
+66,253
| +42% | +$5.1M |
|
2093
Willdan Group
WLDN
$1.04B
| $16.4M | 0.01% |
467,741
+4,094
| +0.9% | +$140K |
|
2094
Barrett Business Services
BBSI
$959M
| $16.3M | 0.01% |
1,141,300
-60
| -0% | -$971 |
|
|
REV
2095
DELISTED
Revlon, Inc.
REV
| $16.3M | 0.01% |
646,655
-76,432
| -11% | -$1.88M |
|
2096
Ambarella
AMBA
$3.77B
| $16.3M | 0.01% |
464,817
+92,847
| +25% | +$3.29M |
|
2097
Rocky Brands
RCKY
$366M
| $16.2M | 0.01% |
624,683
-2,064
| -0.3% | -$53.3K |
|
2098
Agnico Eagle Mines
AEM
$73.6B
| $16.2M | 0.01% |
401,903
-68,283
| -15% | -$2.52M |
|
2099
Expro Ltd
XPRO
$1.79B
| $16.2M | 0.01% |
517,181
+126,208
| +32% | +$5.48M |
|
|
HALL
2100
DELISTED
Hallmark Financial Services, Inc.
HALL
| $16.2M | 0.01% |
151,372
-334
| -0.2% | -$36.6K |
|
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.