SCHEDULE 13G/A: Dimensional Fund Advisors LP Amends Passive Stake in Patrick Industries Inc., Holding 5.1% of Common Stock
Ownership Disclosure
Dimensional Fund Advisors LP has filed an Amendment No. 2 to its Schedule 13G, disclosing a passive beneficial ownership of 5.1% of Patrick Industries Inc.'s common stock as of March 31, 2025.
Summary
- Dimensional Fund Advisors LP, an investment adviser, has filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in Patrick Industries Inc.
- The filing indicates that Dimensional Fund Advisors LP beneficially owns 1,700,390 shares of Patrick Industries Inc. Common Stock.
- This ownership represents 5.1% of the class of securities.
- Dimensional Fund Advisors LP holds sole voting power over 1,648,132 shares and sole dispositive power over 1,700,390 shares.
- The firm disclaims beneficial ownership of these securities, stating they are owned by various investment companies, commingled funds, group trusts, and separate accounts (collectively, the "Funds") for which Dimensional acts as an investment adviser or sub-adviser.
- The filing certifies that 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 the issuer.
Sentiment
Score: 5
Explanation: The document is a factual, compliance-driven disclosure of beneficial ownership and does not contain information that would inherently convey positive or negative sentiment about the issuer's performance or prospects.
Future Outlook
The document is a routine ownership disclosure and does not contain any forward-looking statements or guidance regarding Patrick Industries Inc.'s future performance or operations.
Industry Context
This filing is a standard disclosure of institutional ownership, reflecting a passive investment by Dimensional Fund Advisors LP in Patrick Industries Inc. It does not provide specific insights into broader industry trends or competitive dynamics beyond the fact of this investment.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's passive stake, confirming a large investment by Dimensional Fund Advisors LP.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement |
| 04/15/2025 | Date of signature for the Schedule 13G filing |
Keywords
Patrick Industries Inc., Dimensional Fund Advisors LP, Schedule 13G, Common Stock, Beneficial Ownership, Institutional Investor, SEC Filing, Investment Adviser, Passive Stake
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