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 | |
|---|---|---|---|---|---|---|
2126
Weyco Group
WEYS
$372M
| $15.4M | 0.01% |
528,304
+24,735
| +5% | +$786K |
|
2127
Banco de Chile
BCH
$20.9B
| $15.4M | 0.01% |
537,102
-258
| -0% | -$7.45K |
|
2128
Kinsale Capital Group
KNSL
$8.12B
| $15.4M | 0.01% |
276,564
+17,045
| +7% | +$1.01M |
|
|
PAMT
2129
PAMT Corp
PAMT
$337M
| $15.3M | 0.01% |
1,557,304
+45,980
| +3% | +$606K |
|
2130
Tilly's
TLYS
$116M
| $15.3M | 0.01% |
1,411,180
+110,932
| +9% | +$1.65M |
|
2131
NACCO Industries
NC
$357M
| $15.3M | 0.01% |
451,546
-106
| -0% | -$3.5K |
|
|
BELFB
2132
Bel Fuse Inc Class B
BELFB
$3.87B
| $15.3M | 0.01% |
829,269
+2,265
| +0.3% | +$51.1K |
|
|
QADA
2133
DELISTED
QAD Inc.
QADA
| $15.3M | 0.01% |
388,200
+19,737
| +5% | +$863K |
|
2134
Napco Security Technologies
NSSC
$1.32B
| $15.3M | 0.01% |
1,938,214
+5,910
| +0.3% | +$45.1K |
|
|
LNW
2135
DELISTED
Light & Wonder
LNW
| $15.2M | 0.01% |
848,228
+9,482
| +1% | +$191K |
|
|
ILPT
2136
Industrial Logistics Properties Trust
ILPT
$575M
| $15.2M | 0.01% |
770,988
+754,011
| +4,441% | +$16.1M |
|
2137
SPS Commerce
SPSC
$2.64B
| $15.2M | 0.01% |
368,108
+151,494
| +70% | +$6.61M |
|
2138
Pan American Silver
PAAS
$18.2B
| $15.1M | 0.01% |
1,037,591
+95,849
| +10% | +$1.37M |
|
|
KIN
2139
DELISTED
Kindred Biosciences, Inc.
KIN
| $15.1M | 0.01% |
1,382,645
+32,834
| +2% | +$414K |
|
|
NPTN
2140
DELISTED
NEOPHOTONICS CORP
NPTN
| $15.1M | 0.01% |
2,335,824
-144,383
| -6% | -$1.1M |
|
|
MDSO
2141
DELISTED
Medidata Solutions, Inc.
MDSO
| $15.1M | 0.01% |
224,308
+80,395
| +56% | +$5.67M |
|
2142
Oppenheimer Holdings
OPY
$1.14B
| $15.1M | 0.01% |
591,130
+516
| +0.1% | +$14.8K |
|
|
XYZ
2143
Block Inc
XYZ
$48.4B
| $15.1M | 0.01% |
268,982
+10,246
| +4% | +$724K |
|
|
MCBC
2144
DELISTED
Macatawa Bank Corp
MCBC
| $15M | 0.01% |
1,564,351
+26,220
| +2% | +$273K |
|
2145
Tiptree Inc
TIPT
$662M
| $14.9M | 0.01% |
2,673,951
+44,783
| +2% | +$257K |
|
|
WAGE
2146
DELISTED
WageWorks, Inc.
WAGE
| $14.9M | 0.01% |
549,423
-25,801
| -4% | -$927K |
|
|
RPT
2147
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $14.8M | 0.01% |
1,240,201
-32,907
| -3% | -$435K |
|
|
NCOM
2148
DELISTED
National Commerce Corporation
NCOM
| $14.8M | 0.01% |
410,172
+56,304
| +16% | +$2.14M |
|
2149
Culp Inc
CULP
$44.1M
| $14.8M | 0.01% |
780,927
+17,927
| +2% | +$388K |
|
2150
Entravision Communication
EVC
$1.03B
| $14.7M | 0.01% |
5,068,290
+252,984
| +5% | +$990K |
|
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.