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 |
Apple
AAPL
|
+$241M |
| 2 |
Amazon
AMZN
|
+$190M |
| 3 |
Dow Inc
DOW
|
+$187M |
| 4 |
Chevron
CVX
|
+$114M |
| 5 |
JPMorgan Chase
JPM
|
+$112M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BEL
Belmond Ltd.
BEL
|
+$194M |
| 2 |
FITB
Fifth Third Bancorp
FITB
|
+$172M |
| 3 |
NAVG
Navigators Group Inc
NAVG
|
+$162M |
| 4 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$154M |
| 5 |
DuPont de Nemours
DD
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.19% |
| 2 | Industrials | 13.87% |
| 3 | Technology | 13.52% |
| 4 | Consumer Discretionary | 10.69% |
| 5 | Healthcare | 10.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AL
201
DELISTED
Air Lease Corp
AL
| $209M | 0.08% |
5,063,836
+621,699
| +14% | +$23.7M |
|
|
CVSA
202
Covista Inc
CVSA
$4.3B
| $209M | 0.08% |
4,645,014
-40,085
| -0.9% | -$1.84M |
|
|
LHCG
203
DELISTED
LHC Group LLC
LHCG
| $209M | 0.08% |
1,746,273
-227,526
| -12% | -$25.7M |
|
204
T-Mobile US
TMUS
$194B
| $208M | 0.08% |
2,799,391
+66,685
| +2% | +$4.95M |
|
205
TJX Companies
TJX
$137B
| $207M | 0.08% |
3,912,580
+138,299
| +4% | +$7.35M |
|
206
Mid-America Apartment Communities
MAA
$14.4B
| $207M | 0.08% |
1,756,978
+11,866
| +0.7% | +$1.34M |
|
207
Extra Space Storage
EXR
$29B
| $207M | 0.08% |
1,947,736
-5,392
| -0.3% | -$566K |
|
208
Gold Fields
GFI
$38.2B
| $206M | 0.08% |
38,133,158
+189,418
| +0.5% | +$809K |
|
209
Kohl's
KSS
$1.85B
| $206M | 0.08% |
4,328,823
+187,499
| +5% | +$11.3M |
|
210
Host Hotels & Resorts
HST
$15.2B
| $206M | 0.08% |
11,292,710
+80,811
| +0.7% | +$1.52M |
|
211
Freeport-McMoran
FCX
$99.6B
| $206M | 0.08% |
17,701,773
+1,032,262
| +6% | +$12M |
|
|
IBKC
212
DELISTED
IBERIABANK Corp
IBKC
| $205M | 0.08% |
2,701,730
+274,813
| +11% | +$20.9M |
|
213
Intuit
INTU
$88B
| $205M | 0.08% |
783,202
+30,034
| +4% | +$7.63M |
|
214
Lam Research
LRCX
$339B
| $204M | 0.08% |
10,876,030
-38,790
| -0.4% | -$736K |
|
215
Old National Bancorp
ONB
$9.87B
| $203M | 0.08% |
12,264,415
+133,209
| +1% | +$2.22M |
|
|
SAVE
216
DELISTED
Spirit Airlines, Inc.
SAVE
| $203M | 0.08% |
4,258,781
+28,016
| +0.7% | +$1.43M |
|
217
World Kinect Corp
WKC
$1.82B
| $203M | 0.08% |
5,649,438
+25,969
| +0.5% | +$815K |
|
|
AEL
218
DELISTED
American Equity Investment Life Holding Company
AEL
| $203M | 0.08% |
7,475,025
+11,175
| +0.1% | +$320K |
|
219
Quest Diagnostics
DGX
$27.3B
| $202M | 0.08% |
1,980,516
-24,593
| -1% | -$2.36M |
|
220
First Bancorp
FBP
$4.29B
| $202M | 0.08% |
18,257,968
+94,851
| +0.5% | +$1.02M |
|
221
Delek US
DK
$4.78B
| $200M | 0.08% |
4,929,794
+104,630
| +2% | +$3.83M |
|
|
STL
222
DELISTED
Sterling Bancorp
STL
| $199M | 0.08% |
9,368,572
+499,978
| +6% | +$10.3M |
|
|
CXO
223
DELISTED
CONCHO RESOURCES INC.
CXO
| $199M | 0.08% |
1,931,697
-104,860
| -5% | -$11.3M |
|
224
Navient
NAVI
$938M
| $199M | 0.08% |
14,543,415
+882,405
| +6% | +$11.5M |
|
225
Kroger
KR
$37.1B
| $198M | 0.08% |
9,144,436
+656,729
| +8% | +$16M |
|
Similar funds
Dimensional Fund Advisors's Q2 2019 Portfolio in Review
As of Q2 2019, Dimensional Fund Advisors held 3,525 positions worth $258B, up 2.6% from $251B the previous quarter. Its ten largest holdings account for 9.9% of the portfolio.
Trading was light in Q2 2019: portfolio turnover was 3.9%. Dimensional Fund Advisors opened 80 new positions and exited 58, leaving the 3,525-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 19% a quarter earlier, followed by Industrials and Technology.
- Dimensional Fund Advisors's largest Q2 2019 buy was Dow Inc: 3,549,651 shares worth $175M.
- Dimensional Fund Advisors added most to Apple in Q2 2019, an estimated $241M increase.
- Dimensional Fund Advisors's biggest Q2 2019 reduction was Fifth Third Bancorp, cutting an estimated $172M.
- Dimensional Fund Advisors fully exited Belmond Ltd. in Q2 2019, selling an estimated $194M.
- Dimensional Fund Advisors's ten largest holdings make up 9.9% of its $258B portfolio in Q2 2019.
- Dimensional Fund Advisors opened 80 new positions and closed 58 in Q2 2019.
- Dimensional Fund Advisors's portfolio value rose 2.6% quarter-over-quarter to $258B.
Based on Dimensional Fund Advisors's 13F filing for Q2 2019, filed 13 Aug 2019.