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 | |
|---|---|---|---|---|---|---|
|
MRTX
2326
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $10.4M | ﹤0.01% |
245,124
-55,933
| -19% | -$2.23M |
|
2327
Pacira BioSciences
PCRX
$1.04B
| $10.4M | ﹤0.01% |
240,607
+180,425
| +300% | +$8.42M |
|
|
USAK
2328
DELISTED
USA Truck Inc
USAK
| $10.3M | ﹤0.01% |
690,235
-6,743
| -1% | -$124K |
|
|
GOL
2329
DELISTED
Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL
| $10.3M | ﹤0.01% |
762,247
+2,589
| +0.3% | +$26.2K |
|
2330
Teladoc Health
TDOC
$1.22B
| $10.3M | ﹤0.01% |
207,443
+101,498
| +96% | +$6.21M |
|
2331
Insmed
INSM
$21.4B
| $10.3M | ﹤0.01% |
782,614
+565,297
| +260% | +$9.02M |
|
2332
MacroGenics
MGNX
$235M
| $10.3M | ﹤0.01% |
808,201
+225,690
| +39% | +$3.78M |
|
|
FSP
2333
Franklin Street Properties
FSP
$47.2M
| $10.2M | ﹤0.01% |
1,644,612
+6,888
| +0.4% | +$50.6K |
|
|
EGIO
2334
DELISTED
Edgio, Inc. Common Stock
EGIO
| $10.2M | ﹤0.01% |
109,316
+1,524
| +1% | +$223K |
|
|
DLPH
2335
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $10.2M | ﹤0.01% |
712,912
+73,317
| +11% | +$1.43M |
|
|
ZEN
2336
DELISTED
ZENDESK INC
ZEN
| $10.2M | ﹤0.01% |
174,358
+3,721
| +2% | +$214K |
|
|
DLA
2337
DELISTED
Delta Apparel Inc.
DLA
| $10.1M | ﹤0.01% |
588,882
-7,177
| -1% | -$132K |
|
2338
Okta
OKTA
$24.7B
| $10.1M | ﹤0.01% |
158,917
+27,395
| +21% | +$1.62M |
|
2339
Independent Bank Corp
IBCP
$787M
| $10.1M | ﹤0.01% |
482,146
+20,591
| +4% | +$464K |
|
|
PSDO
2340
DELISTED
Presidio, Inc. Common Stock
PSDO
| $10.1M | ﹤0.01% |
776,401
+286,483
| +58% | +$3.97M |
|
2341
Commercial Vehicle Group
CVGI
$154M
| $10.1M | ﹤0.01% |
1,777,364
+23,171
| +1% | +$160K |
|
|
SUP
2342
DELISTED
Superior Industries International
SUP
| $10.1M | ﹤0.01% |
2,106,156
-539
| -0% | -$5.02K |
|
2343
Eastern Company
EML
$143M
| $10.1M | ﹤0.01% |
418,503
+7,958
| +2% | +$213K |
|
2344
Zillow
ZG
$7.94B
| $10.1M | ﹤0.01% |
321,335
+46,861
| +17% | +$1.66M |
|
2345
Provident Financial
PROV
$111M
| $9.91M | ﹤0.01% |
639,525
-1,686
| -0.3% | -$29.1K |
|
2346
ZTO Express
ZTO
$18.3B
| $9.82M | ﹤0.01% |
618,852
-78,394
| -11% | -$1.26M |
|
|
HABT
2347
DELISTED
The Habit Restaurants, Inc. - Class A
HABT
| $9.79M | ﹤0.01% |
932,538
+9,837
| +1% | +$132K |
|
2348
Brown-Forman Class A
BF.A
$13.4B
| $9.75M | ﹤0.01% |
205,704
+16,113
| +8% | +$769K |
|
2349
Crawford & Co Class A
CRD.A
$532M
| $9.73M | ﹤0.01% |
1,093,256
+5,858
| +0.5% | +$52.7K |
|
2350
Ecovyst
ECVT
$1.32B
| $9.73M | ﹤0.01% |
656,680
+259,078
| +65% | +$3.98M |
|
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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.