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 | |
|---|---|---|---|---|---|---|
2301
ENI
E
$80.5B
| $10.8M | ﹤0.01% |
342,969
| – | – |
|
2302
Minerva Neurosciences
NERV
$185M
| $10.8M | ﹤0.01% |
200,262
+3,685
| +2% | +$270K |
|
2303
Hingham Institution for Saving
HIFS
$627M
| $10.7M | ﹤0.01% |
54,337
+1,042
| +2% | +$218K |
|
2304
Community Health Systems
CYH
$393M
| $10.7M | ﹤0.01% |
3,798,996
-1,063,462
| -22% | -$3.65M |
|
2305
SAP
SAP
$212B
| $10.7M | ﹤0.01% |
107,484
-835
| -0.8% | -$88.8K |
|
|
MFGP
2306
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
| $10.7M | ﹤0.01% |
513,635
+413,599
| +413% | +$8.86M |
|
|
NOAH
2307
Noah Holdings
NOAH
$580M
| $10.7M | ﹤0.01% |
246,321
-6,149
| -2% | -$255K |
|
2308
Alkermes
ALKS
$8.22B
| $10.7M | ﹤0.01% |
361,457
+133,233
| +58% | +$4.91M |
|
2309
AB InBev
BUD
$170B
| $10.7M | ﹤0.01% |
161,972
-266
| -0.2% | -$20.4K |
|
2310
MasterCraft Boat Holdings
MCFT
$579M
| $10.6M | ﹤0.01% |
569,062
+76,305
| +15% | +$2.12M |
|
2311
AstroNova
ALOT
$225M
| $10.6M | ﹤0.01% |
566,023
+7,917
| +1% | +$154K |
|
|
WCN
2312
Waste Connections
WCN
$42.2B
| $10.6M | ﹤0.01% |
142,150
+3,311
| +2% | +$252K |
|
2313
Sonida Senior Living
SNDA
$1.91B
| $10.5M | ﹤0.01% |
103,410
+1,157
| +1% | +$144K |
|
2314
Ecopetrol
EC
$34.5B
| $10.5M | ﹤0.01% |
663,344
-21,716
| -3% | -$466K |
|
2315
Foster
FSTR
$430M
| $10.5M | ﹤0.01% |
662,448
+11,863
| +2% | +$221K |
|
|
FOLD
2316
DELISTED
Amicus Therapeutics
FOLD
| $10.5M | ﹤0.01% |
1,098,083
+866,793
| +375% | +$9.53M |
|
2317
Brookfield
BN
$104B
| $10.5M | ﹤0.01% |
768,635
+22,284
| +3% | +$333K |
|
|
RST
2318
DELISTED
ROSETTA STONE INC
RST
| $10.5M | ﹤0.01% |
641,209
-57,715
| -8% | -$1.05M |
|
|
ISCA
2319
DELISTED
International Speedway Corp
ISCA
| $10.5M | ﹤0.01% |
239,274
-1,213
| -0.5% | -$48.9K |
|
2320
Limoneira
LMNR
$235M
| $10.5M | ﹤0.01% |
536,126
+54,730
| +11% | +$1.29M |
|
|
GOV
2321
DELISTED
Government Properties Income Trust
GOV
| $10.4M | ﹤0.01% |
1,510,378
+12,449
| +0.8% | +$111K |
|
|
SAGE
2322
DELISTED
Sage Therapeutics
SAGE
| $10.4M | ﹤0.01% |
109,054
+31,571
| +41% | +$3.61M |
|
2323
Orion Group Holdings
ORN
$396M
| $10.4M | ﹤0.01% |
2,432,909
+10,626
| +0.4% | +$53.4K |
|
2324
Liberty Media Series C
FWONK
$24.6B
| $10.4M | ﹤0.01% |
351,121
+15,599
| +5% | +$485K |
|
2325
Newmark Group
NMRK
$2.66B
| $10.4M | ﹤0.01% |
+1,298,735
| New | +$12.3M |
|
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.