Dimensional Fund Advisors discloses 5.3% RBB Bancorp (RBB) holding
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Dimensional Fund Advisors reports beneficial ownership of 902,290 shares of RBB Bancorp common stock, representing 5.3% of the class. The firm has sole power to vote 883,407 shares and sole power to dispose of 902,290 shares, with no shared voting or dispositive power.
The shares are owned by various funds and accounts advised or sub-advised by Dimensional or its subsidiaries, and Dimensional may be deemed a beneficial owner for Section 13(d) purposes. Dimensional states that it disclaims beneficial ownership of all such securities, and notes that no individual fund’s interest exceeds 5% of the class.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 902,290 shares
Percent of class: 5.3%
Sole voting power: 883,407 shares
+3 more
6 metrics
Shares beneficially owned
902,290 shares
Common stock beneficially owned by Dimensional-related funds
Percent of class
5.3%
Portion of RBB Bancorp common stock represented by reported holdings
Sole voting power
883,407 shares
Shares over which Dimensional has sole power to vote or direct the vote
Shared voting power
0 shares
Shares over which Dimensional has shared power to vote
Sole dispositive power
902,290 shares
Shares over which Dimensional has sole power to dispose or direct disposition
Shared dispositive power
0 shares
Shares over which Dimensional has shared power to dispose
Key Terms
beneficial owner, Sole Voting Power, Sole Dispositive Power, Investment Company Act of 1940, +1 more
5 terms
beneficial owner regulatory
"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 Power regulatory
"5 | Sole Voting Power 883,407.00 6 | Shared Voting Power 0.00"
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.
Sole Dispositive Power regulatory
"7 | Sole Dispositive Power 902,290.00 8 | Shared Dispositive Power 0.00"
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.
Investment Company Act of 1940 regulatory
"four 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 1934 regulatory
"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.
FAQ
What percentage of RBB (RBB Bancorp) does Dimensional Fund Advisors hold?
Dimensional Fund Advisors reports holding 5.3% of RBB Bancorp’s common stock. This ownership is aggregated across several advised funds and accounts, giving Dimensional reportable voting and investment power over those securities under Section 13(d).
What dispositive power does Dimensional Fund Advisors have over RBB (RBB Bancorp) stock?
Dimensional Fund Advisors has sole dispositive power over 902,290 RBB Bancorp shares and no shared dispositive power. This means it can direct how those shares are sold or otherwise disposed of through the funds it advises.
Do the underlying funds each own more than 5% of RBB (RBB Bancorp)?
No individual fund advised by Dimensional has an interest exceeding 5% of RBB Bancorp’s common stock. The reported 5.3% stake is the aggregate across multiple funds and accounts, each of which holds a smaller portion.
Does Dimensional Fund Advisors claim full beneficial ownership of its RBB (RBB Bancorp) stake?
Dimensional Fund Advisors explicitly disclaims beneficial ownership of all reported RBB Bancorp securities. The firm states the shares are owned by the underlying funds and that it is deemed an owner only for Section 13(d) reporting purposes.