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 | |
|---|---|---|---|---|---|---|
2276
Simulations Plus
SLP
$369M
| $11.4M | 0.01% |
571,865
+25,871
| +5% | +$511K |
|
|
NRE
2277
DELISTED
NorthStar Realty Europe Corp.
NRE
| $11.4M | 0.01% |
781,264
-12,255
| -2% | -$181K |
|
2278
Koppers
KOP
$943M
| $11.4M | 0.01% |
666,537
-4,901
| -0.7% | -$115K |
|
|
BITA
2279
DELISTED
Bitauto Holdings Limited
BITA
| $11.3M | 0.01% |
457,993
-17,896
| -4% | -$348K |
|
2280
Northern Oil and Gas
NOG
$2.3B
| $11.3M | 0.01% |
499,514
+182,462
| +58% | +$5.37M |
|
|
NVTR
2281
DELISTED
Nuvectra Corporation Common Stock
NVTR
| $11.2M | 0.01% |
686,630
-57,540
| -8% | -$1.1M |
|
2282
Lindblad Expeditions
LIND
$1.94B
| $11.2M | 0.01% |
831,744
+63,296
| +8% | +$845K |
|
|
MPX
2283
DELISTED
Marine Products Corp
MPX
| $11.1M | 0.01% |
657,635
+21,011
| +3% | +$437K |
|
|
PHX
2284
DELISTED
PHX Minerals
PHX
| $11.1M | 0.01% |
715,806
+11,393
| +2% | +$193K |
|
2285
Oil-Dri
ODC
$1.44B
| $11.1M | 0.01% |
837,150
+17,422
| +2% | +$266K |
|
2286
Logitech
LOGI
$14.7B
| $11.1M | 0.01% |
353,268
+20,300
| +6% | +$725K |
|
2287
NVE Corp
NVEC
$562M
| $11M | 0.01% |
126,093
+2,562
| +2% | +$232K |
|
2288
Universal Logistics Holdings
ULH
$353M
| $11M | 0.01% |
609,609
+46,685
| +8% | +$1.22M |
|
|
AMNB
2289
DELISTED
American National Bankshares Inc
AMNB
| $10.9M | 0.01% |
373,505
+12,763
| +4% | +$448K |
|
2290
Graham Corp
GHM
$1.12B
| $10.9M | ﹤0.01% |
478,321
-1,598
| -0.3% | -$39.5K |
|
2291
Boyd Gaming
BYD
$6.18B
| $10.9M | ﹤0.01% |
525,681
+18,256
| +4% | +$480K |
|
2292
Citizens
CIA
$239M
| $10.9M | ﹤0.01% |
1,452,449
-19,090
| -1% | -$150K |
|
|
PLYA
2293
DELISTED
Playa Hotels & Resorts
PLYA
| $10.9M | ﹤0.01% |
1,516,084
+314,103
| +26% | +$2.55M |
|
2294
Rogers Communications
RCI
$18.3B
| $10.9M | ﹤0.01% |
212,355
+7,017
| +3% | +$364K |
|
|
KG
2295
Kestrel Group
KG
$69.4M
| $10.9M | ﹤0.01% |
329,423
-5,958
| -2% | -$321K |
|
2296
Twilio
TWLO
$30B
| $10.8M | ﹤0.01% |
121,505
+14,549
| +14% | +$1.18M |
|
|
CIVI
2297
DELISTED
Civitas Solutions, Inc.
CIVI
| $10.8M | ﹤0.01% |
619,177
+40,973
| +7% | +$612K |
|
|
EEX
2298
DELISTED
Emerald Holding
EEX
| $10.8M | ﹤0.01% |
876,335
+367,734
| +72% | +$4.76M |
|
|
CISN
2299
DELISTED
Cision Ltd. Ordinary Share
CISN
| $10.8M | ﹤0.01% |
923,949
+391,361
| +73% | +$5.35M |
|
|
VWTR
2300
DELISTED
Vidler Water Resouces, Inc. Common Stock
VWTR
| $10.8M | ﹤0.01% |
1,182,544
-63,074
| -5% | -$667K |
|
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.