Dimensional Fund Advisors reported beneficial ownership of 1,062,406 shares of Clearwater Paper Corp common stock on a Schedule 13G/A, representing 6.6% of the outstanding class with a reported date of 06/30/2026. These shares are held across investment companies, commingled funds, group trusts, and separate accounts for which Dimensional or its subsidiaries act as adviser or manager, and Dimensional states it may be deemed a beneficial owner only for Section 13(d) reporting purposes while disclaiming beneficial ownership otherwise.
Dimensional is reported to have sole power to vote or direct the vote over 1,044,075 shares and sole power to dispose or direct the disposition of 1,062,406 shares, with no shared voting or dispositive power. The underlying funds retain the economic rights to dividends and sale proceeds, and to Dimensional’s knowledge no single fund’s interest exceeds 5% of the Clearwater Paper common stock class.
Positive
None.
Negative
None.
Key Figures
Beneficial ownership:1,062,406 sharesPercent of class:6.6%Sole voting power:1,044,075 shares+3 more
6 metrics
Beneficial ownership1,062,406 sharesShares of Clearwater Paper Corp common stock reported on Schedule 13G/A
Percent of class6.6%Percentage of Clearwater Paper Corp common stock class reported as owned
Sole voting power1,044,075 sharesShares over which Dimensional Fund Advisors has sole power to vote
Shared voting power0 sharesShares with shared power to vote
Sole dispositive power1,062,406 sharesShares over which Dimensional Fund Advisors has sole power to dispose
Shared dispositive power0 sharesShares with shared power to dispose
Key Terms
beneficial owner, sole voting power, dispositive power, Investment Company Act of 1940, +1 more
5 terms
beneficial ownerfinancial
"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.
sole voting powerfinancial
"Sole power to vote or to direct the vote: 1,044,075"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
dispositive powerfinancial
"Sole power to dispose or to direct the disposition of: 1,062,406"
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.
Investment Company Act of 1940regulatory
"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.
Section 13(d) of the Securities Exchange Act of 1934regulatory
"for any other purposes than Section 13(d) of the Securities Exchange Act of 1934"
Section 13(d) of the Securities Exchange Act of 1934 is a U.S. rule that requires anyone who buys more than 5% of a public company’s shares to publicly disclose who they are, how many shares they own, and their intentions toward the company. For investors, this is like a neighborhood alert when someone acquires a large stake in a building: it reveals potential changes in control or strategy that could affect the stock’s price, governance, or future direction.
How many Clearwater Paper Corp (CLW) shares does Dimensional Fund Advisors report owning?
Dimensional Fund Advisors reports ownership of 1,062,406 Clearwater Paper Corp common shares on this Schedule 13G/A. The shares are held in various funds, group trusts, and separate accounts for which Dimensional or its subsidiaries provide advisory or management services.
What percentage of Clearwater Paper Corp (CLW) stock is reported as owned by Dimensional Fund Advisors?
The Schedule 13G/A states that Dimensional Fund Advisors has a 6.6% interest in Clearwater Paper Corp common stock. This percentage reflects the 1,062,406 shares reported as beneficially owned for Section 13(d) purposes across the funds and accounts it advises.
What voting power does Dimensional Fund Advisors have over Clearwater Paper (CLW) shares?
Dimensional Fund Advisors is reported to have sole power to vote or direct the vote over 1,044,075 Clearwater Paper shares, with zero shares subject to shared voting power. This voting authority relates to the securities held in the advised funds described in Note 1.
Who actually owns the Clearwater Paper (CLW) shares associated with Dimensional Fund Advisors?
All reported Clearwater Paper securities are owned by the underlying funds, group trusts, and separate accounts, collectively called the Funds. Dimensional states it may be deemed a beneficial owner for Section 13(d) purposes but disclaims beneficial ownership of all such securities.
Does any single Dimensional-managed fund hold more than 5% of Clearwater Paper (CLW) stock?
No. Item 6 explains that while the Funds receive dividends and sale proceeds from the Clearwater Paper shares, Dimensional believes the interest of any one Fund does not exceed 5% of the class of common stock.
What type of filing is this Schedule 13G/A for Clearwater Paper Corp (CLW)?
This document is Amendment No. 9 to a Schedule 13G/A reporting holdings in Clearwater Paper Corp common stock. It is a beneficial ownership report that references Section 13(d) of the Securities Exchange Act of 1934 for its reporting purpose.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 9)
Clearwater Paper Corp
(Name of Issuer)
Common Stock
(Title of Class of Securities)
18538R103
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
18538R103
1
Names of Reporting Persons
Dimensional Fund Advisors LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,044,075.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,062,406.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,062,406.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.6 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Clearwater Paper Corp
(b)
Address of issuer's principal executive offices:
601 West Riverside Avenue, Suite 1100, Spokane, WA 99201
Item 2.
(a)
Name of person filing:
Dimensional Fund Advisors LP
(b)
Address or principal business office or, if none, residence:
6300 Bee Cave Road, Building One, Austin, TX 78746
(c)
Citizenship:
Delaware Limited Partnership
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
18538R103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1,062,406 ** see Note 1 **
** Note 1 ** Dimensional Fund Advisors LP, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to four investment companies registered under the Investment Company Act of 1940, and serves as investment manager or sub-adviser to certain other commingled funds, group trusts and separate accounts (such investment companies, trusts and accounts, collectively referred to as the "Funds"). In certain cases, subsidiaries of Dimensional Fund Advisors LP may act as an adviser or sub-adviser to certain Funds. In its role as investment advisor, sub-adviser and/or manager, Dimensional Fund Advisors LP or its subsidiaries (collectively, "Dimensional") may possess voting and/or investment power over the securities of the Issuer that are owned by the Funds, and may be deemed to be the beneficial owner of the shares of the Issuer held by the Funds. However, all securities reported in this schedule are owned by the Funds. Dimensional disclaims beneficial ownership of such securities. In addition, the filing of this Schedule 13G shall not be construed as an admission that the reporting person or any of its affiliates is the beneficial owner of any securities covered by this Schedule 13G for any other purposes than Section 13(d) of the Securities Exchange Act of 1934.
(b)
Percent of class:
6.6 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1,044,075** see Note 1 **
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
1,062,406** see Note 1 **
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The Funds described in Note 1 above have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the securities held in their respective accounts. To the knowledge of Dimensional, the interest of any one such Fund does not exceed 5% of the class of securities. Dimensional Fund Advisors LP disclaims beneficial ownership of all such securities.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.