SCHEDULE 13G/A: Dimensional Fund Advisors Reports 4.6% Stake in Berry Corp

Dimensional Fund Advisors LP has filed an amended Schedule 13G, disclosing a 4.6% beneficial ownership stake in Berry Corp's common stock as of September 30, 2025.

Summary

• Dimensional Fund Advisors LP (Dimensional) reported beneficial ownership of 3,606,498 shares of Berry Corp common stock.
• This ownership represents 4.6% of Berry Corp's outstanding common stock.
• Dimensional holds sole voting power over 3,593,946 shares and sole dispositive power over 3,606,498 shares.
• The shares are held on behalf of various investment companies, commingled funds, group trusts, and separate accounts advised by Dimensional.
• Dimensional disclaims beneficial ownership of these securities, as they are owned by the Funds it advises.
• The acquisition of these securities was made in the ordinary course of business and not for the purpose of changing or influencing the control of Berry Corp.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of passive institutional ownership, providing neutral information regarding the company's operational or financial performance. It indicates ongoing institutional interest without suggesting any immediate positive or negative catalysts.

Positives

• The disclosure of a 4.6% stake by a major institutional investment adviser like Dimensional Fund Advisors LP indicates continued institutional interest in Berry Corp.
• The investment is stated to be in the ordinary course of business, suggesting a passive, long-term investment strategy rather than an activist one.

Risks

• Dimensional Fund Advisors LP disclaims beneficial ownership of the securities, meaning the ultimate control and risk associated with these shares reside with the underlying Funds, not Dimensional directly.

Future Outlook

The filing does not provide a future outlook for Berry Corp's operations or financial performance. It is a disclosure of current institutional ownership as of a specific date.

Management Comments

• Selwyn Notelovitz, Global Chief Compliance Officer of Dimensional Fund Advisors LP, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of Berry Corp.

Industry Context

This filing reflects routine institutional investment activity within the energy sector, where large investment advisors frequently hold passive stakes in publicly traded companies as part of their diversified fund strategies. Berry Corp operates in the oil and natural gas industry, and such filings are common for companies of its size and market presence.

Stakeholder Impact

• Shareholders: Increased institutional ownership can sometimes be viewed positively, suggesting a degree of confidence from large investment firms, potentially contributing to market stability.
• Investment Community: Provides transparency regarding significant institutional holdings in Berry Corp, which is standard information for market participants.

Key Dates

Keywords

Berry Corp, Dimensional Fund Advisors, Schedule 13G, institutional ownership, common stock, investment adviser, beneficial ownership