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 | |
|---|---|---|---|---|---|---|
201
Netflix
NFLX
$305B
| $185M | 0.08% |
6,921,070
+483,490
| +8% | +$14.5M |
|
202
Labcorp
LH
$25.9B
| $185M | 0.08% |
1,699,689
+40,504
| +2% | +$5.43M |
|
203
McKesson
MCK
$101B
| $184M | 0.08% |
1,663,926
+214,284
| +15% | +$26.7M |
|
204
Reliance Steel & Aluminium
RS
$20.5B
| $184M | 0.08% |
2,581,111
+21,911
| +0.9% | +$1.73M |
|
205
KB Financial Group
KB
$42.5B
| $183M | 0.08% |
4,369,541
-18,635
| -0.4% | -$815K |
|
206
Popular Inc
BPOP
$11.2B
| $182M | 0.08% |
3,856,778
-205,192
| -5% | -$10.6M |
|
|
UFS
207
DELISTED
DOMTAR CORPORATION (New)
UFS
| $181M | 0.08% |
5,163,540
+145,552
| +3% | +$6.38M |
|
208
Vishay Intertechnology
VSH
$5.18B
| $181M | 0.08% |
10,054,714
-86,303
| -0.9% | -$1.63M |
|
209
PayPal
PYPL
$49.3B
| $181M | 0.08% |
2,149,415
+6,044
| +0.3% | +$503K |
|
210
CNX Resources
CNX
$4.9B
| $180M | 0.08% |
15,751,720
+192,424
| +1% | +$2.65M |
|
211
Archer Daniels Midland
ADM
$38.9B
| $180M | 0.08% |
4,382,794
+246,133
| +6% | +$11.5M |
|
212
Lockheed Martin
LMT
$132B
| $178M | 0.08% |
680,087
+37,194
| +6% | +$11.3M |
|
213
PACCAR
PCAR
$70.4B
| $176M | 0.08% |
4,626,237
+646,057
| +16% | +$25.8M |
|
214
JetBlue
JBLU
$2.29B
| $176M | 0.08% |
10,972,710
-486,972
| -4% | -$8.49M |
|
215
Extra Space Storage
EXR
$31.3B
| $176M | 0.08% |
1,943,596
+1,278
| +0.1% | +$116K |
|
216
Alaska Air
ALK
$5.27B
| $175M | 0.08% |
2,883,681
+503,977
| +21% | +$32.6M |
|
217
DXC Technology
DXC
$1.82B
| $175M | 0.08% |
3,299,958
+411,494
| +14% | +$28.4M |
|
218
Principal Financial Group
PFG
$24.4B
| $175M | 0.08% |
3,963,240
+264,669
| +7% | +$13M |
|
219
T-Mobile US
TMUS
$186B
| $174M | 0.08% |
2,742,673
+182,414
| +7% | +$12.2M |
|
220
Assurant
AIZ
$14B
| $173M | 0.08% |
1,930,385
-56,012
| -3% | -$5.48M |
|
221
Cummins
CMI
$87.3B
| $172M | 0.08% |
1,289,666
+350,979
| +37% | +$49.6M |
|
|
TRTN
222
DELISTED
Triton International Limited
TRTN
| $172M | 0.08% |
5,542,235
+317,813
| +6% | +$10.3M |
|
|
NAVG
223
DELISTED
Navigators Group Inc
NAVG
| $172M | 0.08% |
2,468,644
-18,628
| -0.7% | -$1.29M |
|
224
Eastman Chemical
EMN
$8.01B
| $171M | 0.08% |
2,342,859
+34,360
| +1% | +$2.74M |
|
|
MRO
225
DELISTED
Marathon Oil Corporation
MRO
| $171M | 0.08% |
11,926,029
+1,328,679
| +13% | +$23.7M |
|
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.