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 | |
|---|---|---|---|---|---|---|
|
PRGX
2451
DELISTED
PRGX Global, Inc.
PRGX
| $7.8M | ﹤0.01% |
823,978
+22,375
| +3% | +$199K |
|
2452
Evolution Petroleum
EPM
$132M
| $7.79M | ﹤0.01% |
1,142,562
+71,861
| +7% | +$674K |
|
|
GOOD
2453
Gladstone Commercial Corp
GOOD
$605M
| $7.77M | ﹤0.01% |
433,606
+28,054
| +7% | +$526K |
|
|
JKS
2454
JinkoSolar
JKS
$793M
| $7.74M | ﹤0.01% |
782,929
-11,185
| -1% | -$110K |
|
|
NEWR
2455
DELISTED
New Relic, Inc.
NEWR
| $7.68M | ﹤0.01% |
94,864
+7,914
| +9% | +$667K |
|
2456
First Mid Bancshares
FMBH
$1.39B
| $7.67M | ﹤0.01% |
240,294
+39,352
| +20% | +$1.41M |
|
2457
Ascent Industries
ACNT
$140M
| $7.66M | ﹤0.01% |
461,865
+13,120
| +3% | +$236K |
|
|
LEAF
2458
DELISTED
Leaf Group Ltd.
LEAF
| $7.66M | ﹤0.01% |
1,117,848
-4,261
| -0.4% | -$36.6K |
|
2459
Civeo
CVEO
$345M
| $7.65M | ﹤0.01% |
445,956
+13,008
| +3% | +$384K |
|
|
LTS
2460
DELISTED
Ladenburg Thalmann Financial Services Inc
LTS
| $7.61M | ﹤0.01% |
3,265,865
+66,332
| +2% | +$178K |
|
|
PETX
2461
DELISTED
Aratana Therapeutics, Inc.
PETX
| $7.56M | ﹤0.01% |
1,233,219
+114,383
| +10% | +$698K |
|
2462
Vermilion Energy
VET
$1.82B
| $7.55M | ﹤0.01% |
358,155
+92,791
| +35% | +$2.41M |
|
|
TEF
2463
DELISTED
Telefonica
TEF
| $7.52M | ﹤0.01% |
1,100,074
| – | – |
|
2464
Geospace Technologies
GEOS
$94.6M
| $7.51M | ﹤0.01% |
728,057
+7,084
| +1% | +$94.8K |
|
|
TBRG
2465
DELISTED
TruBridge
TBRG
| $7.46M | ﹤0.01% |
297,083
-244
| -0.1% | -$6.37K |
|
|
RARX
2466
DELISTED
Ra Pharmaceuticals, Inc. Common Stock
RARX
| $7.39M | ﹤0.01% |
406,120
+11,941
| +3% | +$187K |
|
2467
Immersion
IMMR
$251M
| $7.39M | ﹤0.01% |
824,751
+139,241
| +20% | +$1.3M |
|
|
TESS
2468
DELISTED
Tessco Technologies Inc
TESS
| $7.39M | ﹤0.01% |
615,648
+2,576
| +0.4% | +$31.8K |
|
2469
Goldgroup Mining Inc.
GORO
$157M
| $7.37M | ﹤0.01% |
1,842,390
+109,361
| +6% | +$493K |
|
2470
Sturm, Ruger & Co
RGR
$594M
| $7.35M | ﹤0.01% |
138,050
-243,651
| -64% | -$14.1M |
|
|
SMI
2471
DELISTED
Semiconductor Manufacturing Intl
SMI
| $7.34M | ﹤0.01% |
1,713,389
-245,744
| -13% | -$1.1M |
|
2472
Altisource Portfolio Solutions
ASPS
$63.6M
| $7.33M | ﹤0.01% |
40,761
-100
| -0.2% | -$20.1K |
|
2473
Frequency Electronics
FEIM
$635M
| $7.32M | ﹤0.01% |
690,241
+10,416
| +2% | +$113K |
|
|
VOXX
2474
DELISTED
VOXX International Corporation Class A
VOXX
| $7.31M | ﹤0.01% |
1,845,211
+13,397
| +0.7% | +$66.7K |
|
2475
MACOM Technology Solutions
MTSI
$19.2B
| $7.3M | ﹤0.01% |
503,003
-10,363
| -2% | -$167K |
|
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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.