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 | |
|---|---|---|---|---|---|---|
2101
Omega Flex
OFLX
$297M
| $16.1M | 0.01% |
297,568
+3,518
| +1% | +$209K |
|
2102
RadNet
RDNT
$5.02B
| $16.1M | 0.01% |
1,581,140
+12,736
| +0.8% | +$173K |
|
2103
Halozyme
HALO
$9.79B
| $16.1M | 0.01% |
1,097,080
+294,909
| +37% | +$4.7M |
|
2104
CEVA Inc
CEVA
$910M
| $16M | 0.01% |
724,329
+13,401
| +2% | +$335K |
|
|
LXFT
2105
DELISTED
Luxoft Holding, Inc.
LXFT
| $16M | 0.01% |
525,465
+32,523
| +7% | +$1.22M |
|
2106
Ceco Environmental
CECO
$3.85B
| $16M | 0.01% |
2,366,493
+54,611
| +2% | +$418K |
|
|
SFS
2107
DELISTED
Smart & Final Stores, Inc.
SFS
| $16M | 0.01% |
3,367,364
+322,287
| +11% | +$1.78M |
|
|
PENG
2108
Penguin Solutions Inc
PENG
$2.7B
| $15.9M | 0.01% |
1,070,802
+224,154
| +26% | +$3.39M |
|
2109
AppFolio
APPF
$6.38B
| $15.9M | 0.01% |
268,322
+52,387
| +24% | +$3.18M |
|
2110
Compañía de Cervecerías Unidas
CCU
$2.12B
| $15.9M | 0.01% |
632,115
+4,096
| +0.7% | +$106K |
|
2111
Ionis Pharmaceuticals
IONS
$8.6B
| $15.8M | 0.01% |
292,868
+24,169
| +9% | +$1.23M |
|
2112
Simply Good Foods
SMPL
$901M
| $15.8M | 0.01% |
834,888
+593,243
| +246% | +$11.2M |
|
|
BLUE
2113
DELISTED
bluebird bio
BLUE
| $15.8M | 0.01% |
12,277
+1,955
| +19% | +$3M |
|
|
GLUU
2114
DELISTED
Glu Mobile Inc.
GLUU
| $15.8M | 0.01% |
1,953,254
+10,425
| +0.5% | +$74.1K |
|
|
ZVO
2115
DELISTED
Zovio Inc. Common Stock
ZVO
| $15.7M | 0.01% |
2,246,419
+12,020
| +0.5% | +$103K |
|
2116
Harmony Gold Mining
HMY
$9.84B
| $15.6M | 0.01% |
8,742,445
-259,679
| -3% | -$456K |
|
|
GTY
2117
Getty Realty Corp
GTY
$2.11B
| $15.6M | 0.01% |
531,365
+21,596
| +4% | +$622K |
|
2118
Liberty Latin America Class A
LILA
$1.64B
| $15.6M | 0.01% |
1,685,394
+489,364
| +41% | +$5.65M |
|
|
INN
2119
Summit Hotel Properties
INN
$746M
| $15.6M | 0.01% |
1,604,773
+34,646
| +2% | +$393K |
|
|
IPHI
2120
DELISTED
INPHI CORPORATION
IPHI
| $15.6M | 0.01% |
485,486
-15,219
| -3% | -$528K |
|
2121
Under Armour
UAA
$2.84B
| $15.6M | 0.01% |
883,008
-28,152
| -3% | -$578K |
|
2122
Unisys
UIS
$209M
| $15.5M | 0.01% |
1,335,971
+202,443
| +18% | +$3.19M |
|
2123
Bristow Group
VTOL
$1.34B
| $15.5M | 0.01% |
887,305
-2,428
| -0.3% | -$52.1K |
|
|
EXAS
2124
DELISTED
Exact Sciences
EXAS
| $15.5M | 0.01% |
245,597
-1,708
| -0.7% | -$117K |
|
2125
Barnes & Noble Education
BNED
$431M
| $15.5M | 0.01% |
38,575
-68
| -0.2% | -$37.9K |
|
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.