Dimensional reports 3.39M shares (5.1%) in GLDD
Great Lakes Dredge & Dock Corp ownership update: Dimensional Fund Advisors reports beneficial ownership of 3,386,372 shares, representing 5.1% of the company's common stock.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Great Lakes Dredge & Dock Corp ownership update: Dimensional Fund Advisors reports beneficial ownership of 3,386,372 shares, representing 5.1% of the company's common stock. The filing states Dimensional has sole voting power for 3,347,197 shares and sole dispositive power for 3,386,372 shares, and disclaims beneficial ownership because the shares are owned by client funds.
The filing explains these shares are held by multiple registered investment funds advised or sub‑advised by Dimensional; no single fund is known to exceed 5% of the class. The report is an amendment to a prior Schedule 13G.
Insights
Dimensional reports a passive, disclosed >5% stake held via client funds.
The filing shows 3,386,372 shares (5.1%) are owned by funds advised or sub‑advised by Dimensional, with voting and dispositive powers allocated as disclosed. Dimensional explicitly disclaims beneficial ownership because legal ownership rests with the Funds.
Key dependency is fund-level holdings and voting arrangements; the filing notes that no single Fund is known to exceed 5%. Subsequent filings would show material changes to this passive position.
Key Figures
Key Terms
Schedule 13G/A regulatory
Sole dispositive power financial
Investment Company Act funds regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does Dimensional Fund Advisors report in GLDD?
How much voting power does Dimensional have in GLDD?
Are any individual funds reported as holding more than 5% of GLDD?
Who signed the Schedule 13G/A on behalf of Dimensional?
AI-generated analysis. How Rhea-AI works. Not financial advice.