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 | |
|---|---|---|---|---|---|---|
|
QUOT
2426
DELISTED
Quotient Technology Inc
QUOT
| $8.24M | ﹤0.01% |
771,582
+549,206
| +247% | +$6.89M |
|
2427
FirstService
FSV
$6.48B
| $8.23M | ﹤0.01% |
120,186
+3,937
| +3% | +$294K |
|
|
DS
2428
DELISTED
Drive Shack Inc.
DS
| $8.21M | ﹤0.01% |
2,094,754
+22,896
| +1% | +$113K |
|
|
RYZ
2429
Ryerson Holding Corp
RYZ
$1.44B
| $8.21M | ﹤0.01% |
1,295,114
+97,085
| +8% | +$839K |
|
|
CRCM
2430
DELISTED
CARE.COM, INC.
CRCM
| $8.18M | ﹤0.01% |
423,460
+212,393
| +101% | +$3.86M |
|
2431
Canadian Pacific Kansas City
CP
$78.1B
| $8.11M | ﹤0.01% |
228,330
+11,760
| +5% | +$470K |
|
|
INFO
2432
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $8.09M | ﹤0.01% |
168,650
+6,628
| +4% | +$339K |
|
|
RNET
2433
DELISTED
RigNet, Inc.
RNET
| $8.09M | ﹤0.01% |
639,948
+21,221
| +3% | +$353K |
|
2434
Nicolet Bankshares
NIC
$3.6B
| $8.06M | ﹤0.01% |
165,079
+14,104
| +9% | +$732K |
|
|
VSI
2435
DELISTED
Vitamin Shoppe Inc.
VSI
| $8.03M | ﹤0.01% |
1,694,849
+42,340
| +3% | +$318K |
|
2436
3D Systems Corp
DDD
$431M
| $8.02M | ﹤0.01% |
788,277
+596,313
| +311% | +$8.18M |
|
2437
Citizens & Northern Corp
CZNC
$456M
| $7.99M | ﹤0.01% |
302,478
+14,961
| +5% | +$387K |
|
2438
Nutanix
NTNX
$16B
| $7.98M | ﹤0.01% |
191,993
+17,691
| +10% | +$730K |
|
|
PES
2439
DELISTED
Pioneer Energy Services Corp.
PES
| $7.98M | ﹤0.01% |
6,487,641
-18,672
| -0.3% | -$46.5K |
|
2440
Richardson Electronics
RELL
$267M
| $7.98M | ﹤0.01% |
917,982
+7,248
| +0.8% | +$54.9K |
|
2441
Chegg
CHGG
$110M
| $7.97M | ﹤0.01% |
280,365
+195,221
| +229% | +$5.26M |
|
2442
InterContinental Hotels
IHG
$23.9B
| $7.95M | ﹤0.01% |
138,320
+3,204
| +2% | +$184K |
|
|
HNGR
2443
DELISTED
Hanger Inc.
HNGR
| $7.92M | ﹤0.01% |
418,100
-68,943
| -14% | -$1.33M |
|
2444
Unity Bancorp
UNTY
$591M
| $7.92M | ﹤0.01% |
381,504
+7,746
| +2% | +$166K |
|
|
RTW
2445
DELISTED
RTW Retailwinds, Inc.
RTW
| $7.92M | ﹤0.01% |
+2,798,377
| New | +$8.61M |
|
2446
Accuray
ARAY
$32M
| $7.92M | ﹤0.01% |
2,321,330
+78,330
| +3% | +$318K |
|
|
IHC
2447
DELISTED
Independence Holding Company
IHC
| $7.87M | ﹤0.01% |
223,627
+10,474
| +5% | +$388K |
|
2448
Ardmore Shipping
ASC
$710M
| $7.85M | ﹤0.01% |
1,680,982
+210,973
| +14% | +$1.32M |
|
|
WBK
2449
DELISTED
Westpac Banking Corporation
WBK
| $7.84M | ﹤0.01% |
448,973
-1,159
| -0.3% | -$21.5K |
|
2450
ASE Group
ASX
$77.3B
| $7.83M | ﹤0.01% |
2,088,974
-33,341
| -2% | -$132K |
|
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.