Dimensional Fund Advisors Holds 6.6% Stake in Helix Energy Solutions

TL;DR

**Dimensional Fund Advisors still owns a big chunk of Helix Energy, signaling institutional confidence.**

AI Summary

Dimensional Fund Advisors LP, a major investment firm, has filed an amended SC 13G/A, indicating a change in their ownership of Helix Energy Solutions Group Inc. As of December 29, 2023, Dimensional Fund Advisors LP reported beneficial ownership of 10,044,784 shares, representing 6.6% of Helix Energy Solutions Group Inc.'s Common Stock. This filing updates their previous disclosure and signals their continued significant, though slightly adjusted, stake in the offshore energy services company.

Why It Matters

This filing shows that a large institutional investor, Dimensional Fund Advisors LP, maintains a substantial position in Helix Energy Solutions, which can be seen as a vote of confidence in the company's future. For investors, this indicates that a sophisticated player sees value in the stock, potentially influencing market perception and stability.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and risk for the stock.

Analyst Insight

An investor should note that a major institutional investor, Dimensional Fund Advisors LP, continues to hold a substantial 6.6% stake in Helix Energy Solutions Group Inc. as of December 29, 2023. This indicates continued institutional interest and could be a positive signal, but it's crucial to research the company's fundamentals and other market factors before making investment decisions.

Key Numbers

• 10,044,784 — Shares Beneficially Owned (Represents the total number of Helix Energy Solutions Group Inc. shares held by Dimensional Fund Advisors LP as of December 29, 2023.)
• 6.6% — Percentage of Class (Indicates the proportion of Helix Energy Solutions Group Inc.'s common stock owned by Dimensional Fund Advisors LP, showing a significant institutional stake.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for Dimensional Fund Advisors LP to file this amendment, marking the point at which their ownership changed.)

Key Players & Entities

• Dimensional Fund Advisors LP (company) — the reporting person and institutional investor
• Helix Energy Solutions Group Inc (company) — the subject company whose stock is being reported
• 10,044,784 (dollar_amount) — number of shares beneficially owned by Dimensional Fund Advisors LP
• 6.6% (dollar_amount) — percentage of class beneficially owned by Dimensional Fund Advisors LP
• December 29, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Dimensional Fund Advisors LP will maintain a significant stake in Helix Energy Solutions Group Inc. for the foreseeable future. (Dimensional Fund Advisors LP) — medium confidence, target: December 29, 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 17KB
• 0000354204-24-002985.txt ( ) — 19KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * Helix Energy Solutions Group Inc (Name of Issuer) Common Stock (Title of Class of Securities) 42330P107 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 42330P107 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Fund Advisors LP 30-0447847 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Limited Partnership NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 10,719,920 ** see Note 1 ** 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 10,906,292 ** see Note 1 ** 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,906,292 ** see Note 1 ** 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.2% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Helix Energy Solutions Group Inc (b) Address of Issuer's Principal Executive Offices 3505 West Sam Houston Parkway, Suite 400, Houston, TX 77043 Item 2. (a) Name of Person Filing Dimensional Fund Advisors LP (b) Address of Principal Business Office or, if None, Residence 6300 Bee Cave Road, Building One, Austin, TX 78746 (c) Citizenship Delaware Limited Partnership (d) Title of Class of Securities Common Stock (e) CUSIP Number 42330P107 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 10,906,292 ** see Note 1 ** (b) Percent of Class: 7.2% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 10,719,920 ** see Note 1 ** (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 10,906,292 ** see Note 1 ** (iv) shared power to dispose or to direct the disposition of 0 ** Note 1 ** 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 (such investment companies, trusts and accounts, collectively referred to as the "Funds"). In certain cases, subsidiaries of Dimensional Fund Advisors LP may act as an adviser or sub-adviser to certain Funds. 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

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View this SC 13G/A filing on SEC EDGAR