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 | |
|---|---|---|---|---|---|---|
|
CNCE
2176
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $14.2M | 0.01% |
1,129,166
+59,671
| +6% | +$824K |
|
2177
Heritage Insurance Holdings
HRTG
$889M
| $14.2M | 0.01% |
962,667
+43,451
| +5% | +$647K |
|
2178
York Water
YORW
$502M
| $14.2M | 0.01% |
441,459
+2,535
| +0.6% | +$81.3K |
|
|
GPX
2179
DELISTED
GP Strategies Corp.
GPX
| $14.1M | 0.01% |
1,120,417
+28,556
| +3% | +$408K |
|
|
TGH
2180
DELISTED
Textainer Group Holdings limited
TGH
| $14.1M | 0.01% |
1,416,208
+145,244
| +11% | +$1.61M |
|
2181
BGC Group
BGC
$5.45B
| $14.1M | 0.01% |
2,727,168
-2,135,446
| -44% | -$14.1M |
|
2182
Saga Communications
SGA
$57M
| $14M | 0.01% |
422,049
-296
| -0.1% | -$10.4K |
|
2183
Liberty Broadband Class A
LBRDA
$4.89B
| $13.9M | 0.01% |
193,936
+4,598
| +2% | +$369K |
|
|
HK
2184
DELISTED
Halcon Resources Corporation
HK
| $13.9M | 0.01% |
8,159,837
+1,870,829
| +30% | +$5.85M |
|
|
WPG
2185
DELISTED
Washington Prime Group Inc.
WPG
| $13.9M | 0.01% |
317,098
-4,986
| -2% | -$279K |
|
2186
Vanda Pharmaceuticals
VNDA
$307M
| $13.9M | 0.01% |
530,705
+270,795
| +104% | +$6.37M |
|
|
ZIXI
2187
DELISTED
Zix Corporation
ZIXI
| $13.9M | 0.01% |
2,417,344
+26,737
| +1% | +$159K |
|
|
FPRX
2188
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $13.8M | 0.01% |
1,484,178
+71,001
| +5% | +$845K |
|
|
TI
2189
DELISTED
Telecom Italia
TI
| $13.8M | 0.01% |
2,479,981
-22,240
| -0.9% | -$133K |
|
|
CRC
2190
DELISTED
California Resources Corporation
CRC
| $13.8M | 0.01% |
807,671
+294,906
| +58% | +$8.4M |
|
|
AE
2191
DELISTED
Adams Resources & Energy Inc
AE
| $13.7M | 0.01% |
354,682
+205
| +0.1% | +$8.2K |
|
2192
WPP
WPP
$4.36B
| $13.7M | 0.01% |
249,568
+54,782
| +28% | +$3.27M |
|
2193
Red Rock Resorts
RRR
$3.77B
| $13.6M | 0.01% |
671,700
+15,763
| +2% | +$371K |
|
|
ANCX
2194
DELISTED
Access National Corp
ANCX
| $13.6M | 0.01% |
639,404
+13,266
| +2% | +$335K |
|
|
EIGI
2195
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $13.6M | 0.01% |
2,039,710
+315,401
| +18% | +$2.61M |
|
|
TIER
2196
DELISTED
TIER REIT, Inc.
TIER
| $13.5M | 0.01% |
656,620
+103,851
| +19% | +$2.33M |
|
2197
Regenxbio
RGNX
$620M
| $13.5M | 0.01% |
321,713
+196,944
| +158% | +$11.6M |
|
|
ATCO
2198
DELISTED
Atlas Corp.
ATCO
| $13.5M | 0.01% |
1,719,063
-30,799
| -2% | -$268K |
|
2199
Frontdoor
FTDR
$5.1B
| $13.5M | 0.01% |
+505,911
| New | +$15M |
|
2200
Timberland Bancorp
TSBK
$348M
| $13.5M | 0.01% |
603,563
-5,316
| -0.9% | -$149K |
|
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.