SCHEDULE 13G: Dimensional Fund Advisors Reports 5.2% Stake in First Hawaiian

Dimensional Fund Advisors LP has reported a 5.2% beneficial ownership stake in First Hawaiian Inc. common stock as of December 31, 2025.

Summary

• Dimensional Fund Advisors LP (Dimensional) has filed a Schedule 13G, disclosing beneficial ownership of 6,380,268 shares of First Hawaiian Inc. common stock.
• This ownership represents 5.2% of the class of securities.
• Dimensional, an investment adviser, holds sole voting power over 6,269,018 shares and sole dispositive power over 6,380,268 shares.
• The shares are held on behalf of various investment companies, commingled funds, group trusts, and separate accounts (collectively, the "Funds") for which Dimensional acts as an investment adviser or sub-adviser.
• Dimensional disclaims beneficial ownership of these securities, stating they are owned by the Funds.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of First Hawaiian Inc.

Sentiment

Score: 6

Explanation: The filing indicates a significant institutional ownership stake by Dimensional Fund Advisors LP in First Hawaiian Inc., which can be viewed as a neutral to slightly positive signal of investor confidence. However, it does not provide new operational or financial performance data.

Positives

• A significant institutional ownership stake (5.2%) by a reputable investment adviser like Dimensional Fund Advisors LP can be viewed as a neutral to slightly positive signal of investor confidence in First Hawaiian Inc.

Risks

• Dimensional Fund Advisors LP disclaims beneficial ownership of the reported securities, indicating that the actual ownership resides with the various Funds they advise. This means Dimensional's interest is primarily advisory, not direct equity holding.

Future Outlook

This filing does not contain any forward-looking statements or guidance from First Hawaiian Inc. It is a disclosure of an institutional ownership stake.

Management Comments

• "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." (Certification by Selwyn Notelovitz, Global Chief Compliance Officer of Dimensional Fund Advisors LP)

Industry Context

This Schedule 13G filing is a routine disclosure by a large institutional investment adviser, Dimensional Fund Advisors LP, indicating its passive ownership stake in First Hawaiian Inc. This type of filing is common for investment firms that manage assets for various clients and cross the 5% beneficial ownership threshold in a public company.

Stakeholder Impact

• Shareholders of First Hawaiian Inc. are informed of a significant institutional investor's stake, which may provide some level of confidence or stability regarding the company's ownership structure.

Key Dates

Recommendation

This Schedule 13G filing primarily discloses an institutional ownership stake by Dimensional Fund Advisors LP. While a significant stake by a reputable investment adviser can be a positive indicator of long-term interest, the filing itself does not provide new financial performance data, strategic updates, or other information that would warrant a change from a 'hold' recommendation based solely on this disclosure. Investors should consider broader financial performance and market conditions.

Keywords

First Hawaiian Inc, FHI, Dimensional Fund Advisors, DFA, Schedule 13G, beneficial ownership, institutional ownership, common stock, investment adviser