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 | |
|---|---|---|---|---|---|---|
2401
Radiant Logistics
RLGT
$386M
| $8.77M | ﹤0.01% |
2,062,334
+17,153
| +0.8% | +$90.2K |
|
2402
C&F Financial
CFFI
$268M
| $8.76M | ﹤0.01% |
164,537
+7,819
| +5% | +$412K |
|
|
SIR
2403
DELISTED
SELECT INCOME REIT
SIR
| $8.76M | ﹤0.01% |
1,189,387
-1,304,370
| -52% | -$10.9M |
|
|
SPPI
2404
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $8.75M | ﹤0.01% |
1,000,245
+263,961
| +36% | +$3.36M |
|
|
NXRT
2405
NexPoint Residential Trust
NXRT
$666M
| $8.7M | ﹤0.01% |
248,144
+26,759
| +12% | +$928K |
|
|
ABTX
2406
DELISTED
Allegiance Bancshares
ABTX
| $8.68M | ﹤0.01% |
268,112
+1,106
| +0.4% | +$41.2K |
|
2407
Primis Financial Corp
FRST
$399M
| $8.67M | ﹤0.01% |
655,843
+88,294
| +16% | +$1.33M |
|
|
VNET
2408
VNET Group
VNET
$2.04B
| $8.65M | ﹤0.01% |
1,000,589
-86,383
| -8% | -$855K |
|
2409
SandRidge Energy
SD
$514M
| $8.6M | ﹤0.01% |
1,129,584
+377,729
| +50% | +$3.65M |
|
2410
Greif Class B
GEF.B
$4.11B
| $8.52M | ﹤0.01% |
191,871
+11,559
| +6% | +$577K |
|
2411
NLI Holdings
NL
$281M
| $8.51M | ﹤0.01% |
2,423,079
-39,348
| -2% | -$192K |
|
2412
Ultrapar
UGP
$6.95B
| $8.48M | ﹤0.01% |
1,253,224
+176,196
| +16% | +$1.02M |
|
|
BAS
2413
DELISTED
Basis Energy Services, Inc.
BAS
| $8.48M | ﹤0.01% |
2,207,229
-7,512
| -0.3% | -$55.1K |
|
|
CYBE
2414
DELISTED
Cyberoptics Corp
CYBE
| $8.46M | ﹤0.01% |
479,721
-3,857
| -0.8% | -$73K |
|
2415
Liberty Global Class C
LBTYK
$3.53B
| $8.43M | ﹤0.01% |
408,506
+1,499
| +0.4% | +$35.9K |
|
2416
First Internet Bancorp
INBK
$257M
| $8.43M | ﹤0.01% |
412,284
+70,743
| +21% | +$1.77M |
|
2417
Sabesp
SBS
$19.1B
| $8.42M | ﹤0.01% |
5,381,244
-95,916
| -2% | -$138K |
|
2418
Turning Point Brands
TPB
$1.45B
| $8.42M | ﹤0.01% |
309,302
+56,845
| +23% | +$2M |
|
2419
Agios Pharmaceuticals
AGIO
$1.79B
| $8.4M | ﹤0.01% |
182,150
+39,255
| +27% | +$2.42M |
|
2420
PTC Therapeutics
PTCT
$5.68B
| $8.37M | ﹤0.01% |
243,852
+28,969
| +13% | +$1.04M |
|
2421
UFP Technologies
UFPT
$1.97B
| $8.36M | ﹤0.01% |
278,212
+13,642
| +5% | +$467K |
|
2422
Southern First Bancshares
SFST
$591M
| $8.32M | ﹤0.01% |
259,340
+10,067
| +4% | +$360K |
|
|
MSL
2423
DELISTED
Midsouth Bancorp, Inc.
MSL
| $8.28M | ﹤0.01% |
780,852
+65,333
| +9% | +$860K |
|
2424
Gencor Industries
GENC
$209M
| $8.26M | ﹤0.01% |
752,602
+5,125
| +0.7% | +$58.5K |
|
|
TREC
2425
DELISTED
Trecora Resources
TREC
| $8.24M | ﹤0.01% |
1,056,755
+92,005
| +10% | +$910K |
|
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.