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 | |
|---|---|---|---|---|---|---|
2201
Nektar Therapeutics
NKTR
$2.39B
| $13.4M | 0.01% |
27,235
+12,270
| +82% | +$7.41M |
|
2202
Virtu Financial
VIRT
$5.11B
| $13.4M | 0.01% |
521,270
+32,749
| +7% | +$790K |
|
2203
Mattel
MAT
$4.38B
| $13.4M | 0.01% |
1,342,654
-85,450
| -6% | -$1.13M |
|
2204
KVH Industries
KVHI
$181M
| $13.4M | 0.01% |
1,302,048
-13,561
| -1% | -$155K |
|
|
ALX
2205
Alexander's
ALX
$1.3B
| $13.3M | 0.01% |
43,806
-1,218
| -3% | -$388K |
|
2206
Nice
NICE
$5.79B
| $13.2M | 0.01% |
121,976
+2,230
| +2% | +$244K |
|
|
ZEUS
2207
DELISTED
Olympic Steel
ZEUS
| $13.2M | 0.01% |
922,768
-3,651
| -0.4% | -$66.4K |
|
2208
Bar Harbor Bankshares
BHB
$665M
| $13.1M | 0.01% |
585,413
+31,252
| +6% | +$779K |
|
2209
Prothena Corp
PRTA
$425M
| $13.1M | 0.01% |
1,272,832
+328,166
| +35% | +$3.9M |
|
2210
Amneal Pharmaceuticals
AMRX
$5.85B
| $13M | 0.01% |
963,802
-670,950
| -41% | -$12.1M |
|
|
CPLG
2211
DELISTED
CorePoint Lodging Inc. Common Stock
CPLG
| $13M | 0.01% |
1,059,698
-354,801
| -25% | -$5.36M |
|
2212
Stratus Properties
STRS
$156M
| $13M | 0.01% |
540,325
-6,189
| -1% | -$171K |
|
|
GCAP
2213
DELISTED
Gain Capital Holdings, Inc.
GCAP
| $12.9M | 0.01% |
2,093,468
-1,500
| -0.1% | -$10.9K |
|
|
LKSD
2214
DELISTED
LSC Communications, Inc.
LKSD
| $12.9M | 0.01% |
1,841,059
+75,932
| +4% | +$690K |
|
2215
CNB Financial Corp
CCNE
$1.04B
| $12.9M | 0.01% |
560,546
+28,236
| +5% | +$731K |
|
2216
Old Second Bancorp
OSBC
$1.29B
| $12.8M | 0.01% |
982,891
-11,084
| -1% | -$157K |
|
|
AGR
2217
DELISTED
Avangrid, Inc.
AGR
| $12.8M | 0.01% |
254,916
+6,973
| +3% | +$343K |
|
|
DEA
2218
Easterly Government Properties
DEA
$1.13B
| $12.8M | 0.01% |
325,262
+40,327
| +14% | +$1.79M |
|
2219
Westwood Holdings Group
WHG
$182M
| $12.7M | 0.01% |
374,407
+13,352
| +4% | +$548K |
|
2220
Companhia Siderúrgica Nacional
SID
$1.31B
| $12.7M | 0.01% |
5,792,064
-99,946
| -2% | -$240K |
|
2221
TETRA Technologies
TTI
$1.14B
| $12.7M | 0.01% |
7,548,906
-97,602
| -1% | -$271K |
|
|
ACIA
2222
DELISTED
Acacia Communications Inc
ACIA
| $12.7M | 0.01% |
333,394
+294,068
| +748% | +$11.9M |
|
|
TTSH
2223
DELISTED
Tile Shop Holdings
TTSH
| $12.6M | 0.01% |
2,300,997
+7,983
| +0.3% | +$48.8K |
|
|
CLDT
2224
Chatham Lodging
CLDT
$622M
| $12.6M | 0.01% |
712,916
+19,178
| +3% | +$373K |
|
|
TBHC
2225
DELISTED
The Brand House Collective
TBHC
| $12.6M | 0.01% |
1,322,448
-1,996
| -0.2% | -$19.4K |
|
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.