SCHEDULE: Dimensional Fund Advisors Discloses 4.9% Stake in Arcosa Inc.

Dimensional Fund Advisors LP has filed an amended Schedule 13G, reporting a 4.9% beneficial ownership stake in Arcosa Inc.'s common stock as of June 30, 2025.

Summary

• Dimensional Fund Advisors LP (Dimensional) has filed Amendment No. 2 to its Schedule 13G regarding its beneficial ownership in Arcosa Inc.
• Dimensional reports an aggregate beneficial ownership of 2,370,889 shares of Arcosa Inc. common stock.
• This represents 4.9% of Arcosa Inc.'s common stock outstanding.
• Dimensional holds sole voting power over 2,311,331 shares and sole dispositive power over 2,370,889 shares.
• Dimensional acts as an investment adviser to various funds and disclaims beneficial ownership of these securities, stating they are owned by the Funds.
• 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 Arcosa Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership by an institutional investor and does not contain information that would inherently convey positive or negative sentiment about the issuer's performance or prospects. It is a neutral regulatory filing.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• 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.
• 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.
• All securities reported in this schedule are owned by the Funds. Dimensional disclaims beneficial ownership of such securities.
• 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.
• 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.

Industry Context

This filing is a routine disclosure by an institutional investor, Dimensional Fund Advisors LP, indicating its passive ownership stake in Arcosa Inc. It reflects standard portfolio management activities within the investment management industry, where large asset managers regularly disclose significant holdings in public companies as mandated by SEC regulations.

Comparison to Industry Standards

• Dimensional Fund Advisors LP is a well-known global investment manager, and its holdings are part of its diversified investment strategies, often reflecting passive or quantitative approaches.
• A 4.9% stake is a significant institutional holding, though it falls just below the 5% threshold that typically triggers an initial Schedule 13G filing (unless it's an amendment to a previously disclosed stake that was above 5% and has now decreased, or if it's an initial filing for a passive investor between 5% and 10%). This is an Amendment No. 2, indicating a change from a previous filing.
• The disclaimer of beneficial ownership, stating the shares are held for clients (Funds), is standard practice for investment advisors filing Schedule 13G.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake in Arcosa Inc., which can influence market perception and liquidity.

Key Dates

Keywords

Arcosa Inc, Dimensional Fund Advisors LP, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Advisor, ARNC