Topgolf Callaway Brands Corp.
US ˙ NYSE ˙ US1311931042
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SecurityMODG / Topgolf Callaway Brands Corp.
InstitutionDimensional Fund Advisors Lp
Latest Disclosed Ownership9,213,235 shares
Ownership 5.00%
Dimensional Fund Advisors Lp ownership in MODG / Topgolf Callaway Brands Corp.

2026-01-21 - Dimensional Fund Advisors Lp has filed an SCHEDULE 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 9,213,235 shares of Topgolf Callaway Brands Corp. (US:MODG). This represents 5.0 percent ownership of the company. In their previous filing dated 2025-04-15 , Dimensional Fund Advisors Lp had reported owning 9,143,199 shares, indicating an increase of 0.77 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2026-01-21 2026-01-21 13G 9,143,199 9,213,235 0.77 5.00 0.00
2025-04-15 2025-04-15 13G/A 9,533,727 9,143,199 -4.10 5.00 -3.85
2024-10-31 2024-10-31 13G 9,533,727 5.20
2021-02-12 2021-02-12 13G/A 6,361,973 3,864,643 -39.25 4.10 -39.35
2020-02-12 2020-02-12 13G/A 6,940,420 6,361,973 -8.33 6.76 -7.90
2019-02-08 2019-02-08 13G/A 6,956,427 6,940,420 -0.23 7.34 -0.27
2018-02-09 2018-02-09 13G/A 5,407,802 6,956,427 28.64 7.36 28.00
2017-02-09 2017-02-09 13G/A 5,774,395 5,407,802 -6.35 5.75 -10.44
2016-02-09 2016-02-09 13G/A 5,774,395 6.42
2015-02-05 2015-02-05 13G/A 6,575,256 8.48
2014-02-10 2014-02-10 13G/A 6,083,479 8.16
2013-02-11 2013-02-11 13G/A 5,243,645 7.39
2012-02-14 2012-02-14 13G/A 4,505,966 6.94

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-07 2026-03-31 13F CALLAWAY GOLF COM 131193104 9,466,465 253,230 2.75 131,388 22.20 0.0059
2026-02-12 2025-12-31 13F TOPGOLF CALLAWAY BRANDS COM 131193104 9,213,235 325,952 3.67 107,522 27.35 0.0226
2025-11-12 2025-09-30 13F TOPGOLF CALLAWAY BRANDS COM 131193104 8,887,283 -170,444 -1.88 84,428 15.79 0.0181
2025-08-12 2025-06-30 13F TOPGOLF CALLAWAY BRANDS COM 131193104 9,057,727 -85,472 -0.93 72,916 21.02 0.0169
2025-05-13 2025-03-31 13F TOPGOLF CALLAWAY BRANDS COM 131193104 9,143,199 -303,642 -3.21 60,252 -18.85 0.0150
2025-02-13 2024-12-31 13F TOPGOLF CALLAWAY BRANDS COM 131193104 9,446,841 -86,886 -0.91 74,251 -29.07 0.0178
2024-11-07 2024-09-30 13F TOPGOLF CALLAWAY BRANDS COM 131193104 9,533,727 886,996 10.26 104,680 -20.88 0.0254
2024-08-09 2024-06-30 13F TOPGOLF CALLAWAY BRANDS COM 131193104 8,646,731 1,549,222 21.83 132,296 15.27 0.0346
2024-05-10 2024-03-31 13F TOPGOLF CALLAWAY BRANDS COM 131193104 7,097,509 -214,461 -2.93 114,767 9.45 0.0311
2024-02-07 2023-12-31 13F TOPGOLF CALLAWAY BRANDS COM 131193104 7,311,970 -1,626,677 -18.20 104,856 -15.24 0.0306
2023-11-09 2023-09-30 13F TOPGOLF CALLAWAY BRANDS COM 131193104 8,938,647 841,784 10.40 123,709 -23.03 0.0406
2023-08-09 2023-06-30 13F TOPGOLF CALLAWAY BRANDS COM 131193104 8,096,863 1,690,638 26.39 160,724 16.05 0.0512
2023-05-12 2023-03-31 13F TOPGOLF CALLAWAY BRANDS COM 131193104 6,406,225 937,709 17.15 138,500 128,139.81 0.0467
2023-02-09 2022-12-31 13F TOPGOLF CALLAWAY BRANDS COM 131193104 5,468,516 1,375,747 33.61 108 -99.86 0.0319
2022-11-10 2022-09-30 13F TOPGOLF CALLAWAY BRANDS COM 131193104 4,092,769 1,565,902 61.97 78,831 52.93 0.0303
2022-08-12 2022-06-30 13F CALLAWAY GOLF COM 131193104 2,526,867 1,893,641 299.05 51,547 247.59 0.0185
2022-05-13 2022-03-31 13F CALLAWAY GOLF COM 131193104 633,226 -340,721 -34.98 14,830 -44.51 0.0046
2022-02-09 2021-12-31 13F CALLAWAY GOLF COM 131193104 973,947 -1,214,263 -55.49 26,725 -55.80 0.0081
2021-11-12 2021-09-30 13F CALLAWAY GOLF COM 131193104 2,188,210 -66,986 -2.97 60,464 -20.51 0.0195
2021-08-12 2021-06-30 13F CALLAWAY GOLF COM 131193104 2,255,196 -36,377 -1.59 76,067 24.09 0.0241
2021-05-14 2021-03-31 13F CALLAWAY GOLF COM 131193104 2,291,573 -1,573,070 -40.70 61,300 -33.94 0.0203
2021-03-08 2020-12-31 13F/A-2 CALLAWAY GOLF COM 131193104 3,864,643 -1,393,109 -26.50 92,791 -7.79 0.0335
2021-02-11 2020-12-31 13F CALLAWAY GOLF COM 131193104 3,864,643 -1,393,109 92,791 33,511.1771
2020-11-12 2020-09-30 13F CALLAWAY GOLF COM 131193104 5,257,752 -780,456 -12.93 100,630 -4.82 0.0427
2020-08-13 2020-06-30 13F CALLAWAY GOLF COM 131193104 6,038,208 131,181 2.22 105,730 75.13 0.0465
2020-05-14 2020-03-31 13F CALLAWAY GOLF COM 131193104 5,907,027 -454,946 -7.15 60,373 -55.24 0.0315
2020-02-14 2019-12-31 13F CALLAWAY GOLF COM 131193104 6,361,973 -242,656 -3.67 134,873 5.21 0.0492
2019-11-12 2019-09-30 13F CALLAWAY GOLF COM 131193104 6,604,629 -173,935 -2.57 128,195 10.21 0.0498
2019-08-13 2019-06-30 13F CALLAWAY GOLF COM 131193104 6,778,564 -125,566 -1.82 116,321 5.76 0.0452
2019-08-12 2019-03-31 13F/A-2 CALLAWAY GOLF COM 131193104 6,904,130 -36,290 -0.52 109,983 3.57 0.0438
2019-05-10 2019-03-31 13F CALLAWAY GOLF COM 131193104 6,904,130 -36,290 109,983
2019-02-26 2018-12-31 13F/A-1 CALLAWAY GOLF COM 131193104 6,940,420 -174,986 -2.46 106,189 -38.56 0.0481
2019-02-13 2018-12-31 13F CALLAWAY GOLF COM 131193104 6,940,420 -174,986 106,189
2018-11-13 2018-09-30 13F CALLAWAY GOLF COM 131193104 7,115,406 -136,181 -1.88 172,832 25.64 0.0658
2018-08-10 2018-06-30 13F CALLAWAY GOLF COM 131193104 7,251,587 12,724 0.18 137,564 16.16 0.0548
2018-05-11 2018-03-31 13F CALLAWAY GOLF COM 131193104 7,238,863 282,436 4.06 118,428 22.21 0.0494
2018-02-12 2017-12-31 13F CALLAWAY GOLF COM 131193104 6,956,427 322,925 4.87 96,904 1.24 0.0402
2017-11-13 2017-09-30 13F CALLAWAY GOLF COM 131193104 6,633,502 240,520 3.76 95,720 17.16 0.0418
2017-08-11 2017-06-30 13F CALLAWAY GOLF COM 131193104 6,392,982 603,742 10.43 81,702 27.49 0.0377
2017-05-12 2017-03-31 13F CALLAWAY GOLF COM 131193104 5,789,240 381,438 7.05 64,087 8.13 0.0306
2017-02-09 2016-12-31 13F CALLAWAY GOLF COM 131193104 5,407,802 286,326 5.59 59,270 -0.32 0.0296
2016-11-10 2016-09-30 13F CALLAWAY GOLF COM 131193104 5,121,476 -150,862 -2.86 59,460 10.46 0.0321
2016-08-09 2016-06-30 13F CALLAWAY GOLF COM 131193104 5,272,338 -712,549 -11.91 53,830 -1.38 0.0310
2016-05-13 2016-03-31 13F CALLAWAY GOLF COM 131193104 5,984,887 210,492 3.65 54,583 0.35 0.0327
2016-02-10 2015-12-31 13F CALLAWAY GOLF COM 131193104 5,774,395 -489,925 -7.82 54,395 3.99 0.0339
2015-11-13 2015-09-30 13F CALLAWAY GOLF COM 131193104 6,264,320 -366,355 -5.53 52,306 -11.76 0.0343
2015-08-14 2015-06-30 13F CALLAWAY GOLF COM 131193104 6,630,675 39,022 0.59 59,279 -5.63 0.0363
2015-05-14 2015-03-31 13F CALLAWAY GOLF COM 131193104 6,591,653 16,397 0.25 62,818 24.07 0.0397
2015-02-06 2014-12-31 13F CALLAWAY GOLF COM 131193104 6,575,256 49,259 0.75 50,630 7.16 0.0333
2014-11-13 2014-09-30 13F CALLAWAY GOLF COM 131193104 6,525,997 131,954 2.06 47,249 -11.18 0.0335
2014-08-08 2014-06-30 13F CALLAWAY GOLF COM 131193104 6,394,043 319,639 5.26 53,198 -14.30 0.0370
2014-05-14 2014-03-31 13F CALLAWAY GOLF COM 131193104 6,074,404 -9,075 -0.15 62,077 21.05 0.0464
2014-02-12 2013-12-31 13F CALLAWAY GOLF COM 131193104 6,083,479 80,975 1.35 51,284 20.00 0.0400
2013-11-13 2013-09-30 13F CALLAWAY GOLF COM 131193104 6,002,504 145,356 2.48 42,738 10.89 0.0370
2013-08-15 2013-06-30 13F CALLAWAY GOLF COM 131193104 5,857,148 5,857,148 38,540 0.0363
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.