Dimensional Fund Advisors LP reports beneficial ownership of 18,578,053 shares of NOV Inc. common stock, representing 5.0% of the class. Dimensional states it has sole voting power over 18,217,044 shares and sole dispositive power over 18,578,053 shares; all reported shares are held on behalf of client Funds and Dimensional disclaims beneficial ownership. The filing is made under the Schedule 13G reporting framework used by institutional investors who do not seek to influence control. This indicates a passive, >5% stake that is large enough to be noticed by investors and governance observers but is presented as managed on behalf of investment vehicles rather than owned directly by Dimensional.
Positive
Institutional stake of 18,578,053 shares signals meaningful investor interest in NOV
Sole voting power for 18,217,044 shares gives Dimensional coordinated voting control for client accounts
Filing under Schedule 13G indicates the position is reported as passive, reducing immediate takeover concerns
Negative
Dimensional disclaims beneficial ownership, which may limit clarity on direct economic interests
Position sits with multiple Funds, so future rebalancing could change stake size without single-account disclosure
Insights
Stake exceeds the 5% Schedule 13G threshold and includes near-complete voting authority.
Dimensional Fund Advisors LP reports sole voting power for 18,217,044 shares and sole dispositive power for 18,578,053, representing 5.0% of outstanding common stock. Under the Schedule 13G framework, this is disclosed as a passive position held for client Funds, which limits immediate governance implications.
The primary dependency is that the stake is held on behalf of multiple Funds and Dimensional formally disclaims beneficial ownership, so voting or block-action coordination is constrained by fiduciary mandates. Monitor proxy statements and any future 13D filings for changes in intent or consolidated control moves within the next several quarters.
Large institutional holding reflects client allocation size rather than an active control strategy.
The position—18,578,053 shares (5.0%)—likely reflects index/strategy allocations across multiple investment vehicles advised by Dimensional. The filing’s certification states holdings are in the ordinary course of business and not to influence issuer control.
Risk factors include potential rebalancing by the Funds that could change stake size; any material change in holdings or intent would typically trigger an amended filing. Expect any substantive allocation changes to appear in subsequent regulatory filings or fund disclosures over the next few reporting periods.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
NOV Inc
(Name of Issuer)
Common Stock
(Title of Class of Securities)
62955J103
(CUSIP Number)
09/30/2025
(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)
SCHEDULE 13G
CUSIP No.
62955J103
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
18,217,044.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
18,578,053.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
18,578,053.00
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)
5.0 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
NOV Inc
(b)
Address of issuer's principal executive offices:
10353 Richmond Avenue, Houston, TX 77042
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.:
62955J103
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:
18,578,053 ** 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:
5.0 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
18,217,044** 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:
18,578,053** 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.
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.
What stake in NOV (symbol: NOV) does Dimensional Fund Advisors LP report?
Dimensional reports beneficial ownership of 18,578,053 shares, equal to 5.0% of NOV common stock.
How much voting power does Dimensional have in NOV?
The filing shows sole voting power over 18,217,044 shares and sole dispositive power over 18,578,053 shares.
Is this Schedule 13G filing an indication of activist intent for NOV?
No. The Schedule 13G classification and the certification state the holdings are in the ordinary course of business and not held to change or influence control.
Are the reported NOV shares owned directly by Dimensional?
No. The shares are owned by client Funds advised or managed by Dimensional, and Dimensional expressly disclaims beneficial ownership.
Will Dimensional need to change filings if its NOV stake grows?
Yes. If the purpose or intent changes toward influencing control or the ownership structure consolidates, an amended filing (such as a Schedule 13D) would typically be required.
