Dimensional Fund Advisors amended its Schedule 13G to report beneficial ownership of 2,100,944 shares of National Bank Holdings Corp, representing 4.7% of the outstanding common stock as of 03/31/2026. The filing states Dimensional acts as investment adviser to multiple funds that own the shares and disclaims beneficial ownership, while reporting sole voting power over 2,063,082 shares and sole dispositive power over 2,100,944 shares. The amendment is signed by the Global Chief Compliance Officer on 04/09/2026.
Positive
None.
Negative
None.
Insights
Large registered-holder disclosure; position is sub-5% and held through managed funds.
The filing reports 2,100,944 shares or 4.7% ownership by funds advised by Dimensional Fund Advisors as of 03/31/2026. The adviser disclaims beneficial ownership and attributes holdings to the Funds, while reporting sole voting power on 2,063,082 shares.
Implications are routine: the position signals an institutional stake below the 5% threshold that must be monitored through future amendments if the percentage crosses disclosure triggers. Subsequent filings will show any material changes.
Key Figures
Reported shares owned:2,100,944 sharesPercent of class:4.7%Sole voting power:2,063,082 shares+2 more
5 metrics
Reported shares owned2,100,944 sharesBeneficially owned as reported
Percent of class4.7%Percent of outstanding common stock as reported
Sole voting power2,063,082 sharesSole power to vote or direct the vote
Reporting date03/31/2026Date tied to ownership figures
Amendment signature date04/09/2026Signature by Global Chief Compliance Officer
Key Terms
disclaims beneficial ownership, Investment Company Act of 1940, sole dispositive power
3 terms
disclaims beneficial ownershipregulatory
"Dimensional disclaims beneficial ownership of such securities."
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.
sole dispositive powerfinancial
"Sole power to dispose or to direct the disposition of: 2,100,944"
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.
What stake does Dimensional Fund Advisors report in NBHC?
Dimensional reports ownership of 2,100,944 shares, equal to 4.7% of National Bank Holdings Corp common stock as of 03/31/2026. The shares are held by funds advised or sub‑advised by Dimensional rather than by the adviser directly.
Does Dimensional have voting or dispositive power over the NBHC shares?
Yes. The filing lists sole voting power for 2,063,082 shares and sole dispositive power for 2,100,944 shares. These powers are reported in Dimensional’s capacity as adviser to the Funds that hold the securities.
Is Dimensional claiming beneficial ownership of the NBHC shares?
No. The filing expressly states Dimensional disclaims beneficial ownership; the shares are owned by multiple Funds for which Dimensional serves as adviser, manager, or sub‑adviser.
What date does the Schedule 13G/A amendment reference?
The ownership figures are reported as of 03/31/2026, and the amendment is signed by Dimensional’s Global Chief Compliance Officer on 04/09/2026, per the filing.
Will Dimensional need to update this filing if its stake changes?
Yes. Changes that alter their reported percentage or cross regulatory thresholds require amendment filings. The Schedule 13G/A framework mandates updates when ownership or control facts materially change.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
National Bank Holdings Corp
(Name of Issuer)
Common Stock
(Title of Class of Securities)
633707104
(CUSIP Number)
03/31/2026
(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):
633707104
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
2,063,082.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,100,944.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,100,944.00
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)
4.7 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
National Bank Holdings Corp
(b)
Address of issuer's principal executive offices:
7800 East Orchard Road, Suite 300, Greenwood Village, CO 80111
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.:
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:
2,100,944 ** 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:
4.7 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
2,063,082** 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:
2,100,944** 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.
Ownership of 5 percent or less of a class
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.
