Dimensional Fund Advisors (NYSE: LC) reports 5.76M shares, 5.0% stake
Rhea-AI Filing Summary
Dimensional Fund Advisors reports beneficial ownership of 5,760,141 shares of LendingClub Corp common stock, representing 5.0% of the class. The filing states Dimensional acts as investment adviser to multiple funds that own these shares and disclaims beneficial ownership of the securities, which are held by the Funds.
The schedule lists 5,665,723 shares as sole voting power and 5,760,141 as sole dispositive power; transactions or voting arrangements beyond these holdings are not described in the excerpt.
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Key Figures
Shares beneficially owned: 5,760,141 shares
Percent of class: 5.0%
Sole voting power: 5,665,723 shares
+1 more
4 metrics
Shares beneficially owned
5,760,141 shares
Schedule 13G reporting (as of 03/31/2026)
Percent of class
5.0%
Percent of LendingClub common stock
Sole voting power
5,665,723 shares
Number with sole power to vote listed in the filing
Sole dispositive power
5,760,141 shares
Number with sole power to dispose listed in the filing
Key Terms
Schedule 13G, beneficial ownership, sole dispositive power
3 terms
Schedule 13G regulatory
"Item 1. (a) Name of issuer: LendingClub Corp"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficial ownership regulatory
"Item 4. | Ownership (a) | Amount beneficially owned: 5,760,141"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
sole dispositive power financial
"(iii) Sole power to dispose or to direct the disposition of: 5,760,141"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stake does Dimensional Fund Advisors hold in LendingClub (LC)?
Dimensional reports 5,760,141 shares, or 5.0% of LendingClub common stock. The shares are owned by funds advised or sub‑advised by Dimensional rather than by Dimensional itself, per the filing.
Were the holdings reported on a specific date?
The Schedule 13G includes a signature dated 04/09/2026 and lists LendingClub CUSIP 52603A208 with an ownership snapshot dated 03/31/2026. The filing reflects holdings as reported in that schedule.
Who signed the Schedule 13G for Dimensional Fund Advisors?
Selwyn Notelovitz, Global Chief Compliance Officer, signed the filing on 04/09/2026. The signature certifies the information in the Schedule 13G excerpt.