Dimensional Fund Advisors reports 3.1% Bandwidth Inc (BAND) stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Dimensional Fund Advisors reports beneficial ownership of 938,163 shares of Bandwidth Inc common stock, representing 3.1% of the outstanding class. The firm has sole voting power over 912,958 shares and sole dispositive power over 938,163 shares, with no shared voting or dispositive authority.
The shares are held across various investment companies, commingled funds, group trusts and separate accounts that Dimensional advises or sub‑advises. All securities are owned by these funds, and Dimensional disclaims beneficial ownership except for purposes of Section 13(d) of the Securities Exchange Act of 1934. No individual fund’s interest exceeds 5% of the class.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 938,163 shares
Percent of class: 3.1%
Sole voting power: 912,958 shares
+3 more
6 metrics
Shares beneficially owned
938,163 shares
Amount beneficially owned by Dimensional Fund Advisors for Section 13(d) reporting
Percent of class
3.1%
Percentage of Bandwidth Inc common stock class reported as beneficially owned
Sole voting power
912,958 shares
Shares for which Dimensional Fund Advisors has sole power to vote or direct the vote
Shared voting power
0 shares
Shares for which Dimensional Fund Advisors has shared power to vote
Sole dispositive power
938,163 shares
Shares for which Dimensional Fund Advisors can solely direct disposition
Shared dispositive power
0 shares
Shares for which Dimensional Fund Advisors has shared power to dispose
Key Terms
beneficial owner, dispositive power, Schedule 13(d), Investment Company Act of 1940, +1 more
5 terms
beneficial owner regulatory
"may be deemed to be the beneficial owner of the shares of the Issuer"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
dispositive power regulatory
"Sole power to dispose or to direct the disposition of: 938,163"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Schedule 13(d) regulatory
"for any other purposes than Section 13(d) of the Securities Exchange Act"
Investment Company Act of 1940 regulatory
"four investment companies registered under the Investment Company Act of 1940"
A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.
Investment Advisors Act of 1940 regulatory
"an investment adviser registered under Section 203 of the Investment Advisors Act of 1940"
FAQ
What percentage of Bandwidth Inc (BAND) does Dimensional Fund Advisors report owning?
Dimensional Fund Advisors reports beneficial ownership of 3.1% of Bandwidth Inc’s common stock. This corresponds to 938,163 shares, held across multiple advised funds and accounts, and is explicitly characterized as ownership of 5 percent or less of the class.
Does Dimensional Fund Advisors claim full beneficial ownership of its Bandwidth Inc (BAND) holdings?
Dimensional Fund Advisors explicitly disclaims beneficial ownership of the Bandwidth Inc shares. The shares are owned by underlying funds and accounts it advises, and Dimensional states its reported position is solely for Section 13(d) reporting purposes under the Exchange Act.
Do any individual Dimensional funds hold over 5% of Bandwidth Inc (BAND) stock?
According to Dimensional, the interest of any one fund in Bandwidth Inc does not exceed 5% of the class. The right to receive dividends or sale proceeds rests with the various funds, none of which individually crosses the 5% threshold.
Who signed the Bandwidth Inc (BAND) ownership report for Dimensional Fund Advisors?
The report was signed by Selwyn Notelovitz, Global Chief Compliance Officer of Dimensional Fund Advisors LP. The signature confirms the accuracy of the disclosed ownership and authority details for Bandwidth Inc common stock as reported by the adviser.