Quad/Graphics, Inc.
US ˙ NYSE ˙ US7473011093

SecurityQUAD / Quad/Graphics, Inc.
InstitutionDimensional Fund Advisors Lp
Latest Disclosed Ownership1,805,081 shares
Ownership 4.60%
Dimensional Fund Advisors Lp ownership in QUAD / Quad/Graphics, Inc.

2025-01-23 - Dimensional Fund Advisors Lp has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 1,805,081 shares of Quad/Graphics, Inc. (US:QUAD). This represents 4.6 percent ownership of the company. In their previous filing dated 2024-02-09 , Dimensional Fund Advisors Lp had reported owning 2,260,524 shares, indicating a decrease of -20.15 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)
2025-01-23 2025-01-23 13G/A 2,260,524 1,805,081 -20.15 4.60 -23.33
2024-02-09 2024-02-09 13G/A 2,028,020 2,260,524 11.46 6.00 15.38
2023-02-10 2023-02-10 13G 1,945,058 2,028,020 4.27 5.20 10.64
2022-02-08 2022-02-08 13G/A 2,277,990 1,945,058 -14.62 4.70 -17.54
2021-02-16 2021-02-16 13G/A 2,277,990 2,277,990 0.00 5.70 0.00
2021-02-16 2021-02-16 13G/A 2,441,904 2,277,990 -6.71 5.70 -8.36
2020-02-12 2020-02-12 13G/A 1,953,638 2,441,904 24.99 6.22 21.25
2019-02-08 2019-02-08 13G 1,953,638 5.13

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 QUAD COM CL A 747301109 1,135,439 16,815 1.50 7,506 7.03 0.0016
2026-02-12 2025-12-31 13F QUAD COM CL A 747301109 1,118,624 -37,306 -3.23 7,014 -3.08 0.0015
2025-11-12 2025-09-30 13F QUAD COM CL A 747301109 1,155,930 -53,367 -4.41 7,237 5.90 0.0016
2025-08-12 2025-06-30 13F QUAD COM CL A 747301109 1,209,297 -176,548 -12.74 6,834 -9.52 0.0016
2025-05-13 2025-03-31 13F QUAD COM CL A 747301109 1,385,845 -419,236 -23.23 7,553 -39.97 0.0019
2025-02-13 2024-12-31 13F QUAD COM CL A 747301109 1,805,081 -331,826 -15.53 12,581 29.69 0.0030
2024-11-07 2024-09-30 13F QUAD COM CL A 747301109 2,136,907 -79,233 -3.58 9,702 -19.67 0.0024
2024-08-09 2024-06-30 13F QUAD COM CL A 747301109 2,216,140 -50,901 -2.25 12,077 0.33 0.0032
2024-05-10 2024-03-31 13F QUAD COM CL A 747301109 2,267,041 6,517 0.29 12,038 -1.75 0.0033
2024-02-07 2023-12-31 13F QUAD COM CL A 747301109 2,260,524 61,569 2.80 12,253 10.78 0.0036
2023-11-09 2023-09-30 13F QUAD COM CL A 747301109 2,198,955 139,079 6.75 11,061 42.80 0.0036
2023-08-09 2023-06-30 13F QUAD COM CL A 747301109 2,059,876 29,825 1.47 7,745 -11.06 0.0025
2023-05-12 2023-03-31 13F QUAD COM CL A 747301109 2,030,051 2,031 0.10 8,709 108,750.00 0.0029
2023-02-09 2022-12-31 13F QUAD COM CL A 747301109 2,028,020 -38,203 -1.85 8 -99.85 0.0024
2022-11-10 2022-09-30 13F QUAD COM CL A 747301109 2,066,223 58,456 2.91 5,289 -4.20 0.0020
2022-08-12 2022-06-30 13F QUAD COM CL A 747301109 2,007,767 28,662 1.45 5,521 -59.80 0.0020
2022-05-13 2022-03-31 13F QUAD COM 747301109 1,979,105 34,047 1.75 13,735 76.54 0.0042
2022-02-09 2021-12-31 13F QUAD COM 747301109 1,945,058 -118,728 -5.75 7,780 -11.30 0.0024
2021-11-12 2021-09-30 13F QUAD COM 747301109 2,063,786 -199,520 -8.82 8,771 -6.61 0.0028
2021-08-12 2021-06-30 13F QUAD COM 747301109 2,263,306 39,743 1.79 9,392 19.64 0.0030
2021-05-14 2021-03-31 13F QUAD COM 747301109 2,223,563 -54,427 -2.39 7,850 -9.79 0.0026
2021-03-08 2020-12-31 13F/A-2 QUAD COM 747301109 2,277,990 -222,119 -8.88 8,702 14.88 0.0031
2021-02-11 2020-12-31 13F QUAD COM 747301109 2,277,990 -222,119 8,702 3,142.6999
2020-11-12 2020-09-30 13F QUAD COM 747301109 2,500,109 -55,794 -2.18 7,575 -8.81 0.0032
2020-08-13 2020-06-30 13F QUAD COM 747301109 2,555,903 110,436 4.52 8,307 34.79 0.0037
2020-05-14 2020-03-31 13F QUAD COM 747301109 2,445,467 3,563 0.15 6,163 -45.96 0.0032
2020-02-14 2019-12-31 13F QUAD COM 747301109 2,441,904 -21,453 -0.87 11,404 -55.95 0.0042
2019-11-12 2019-09-30 13F QUAD COM 747301109 2,463,357 62,270 2.59 25,889 36.31 0.0101
2019-08-13 2019-06-30 13F QUAD COM 747301109 2,401,087 65,646 2.81 18,993 -31.66 0.0074
2019-08-12 2019-03-31 13F/A-2 QUAD COM 747301109 2,335,441 381,803 19.54 27,792 15.47 0.0111
2019-05-10 2019-03-31 13F QUAD COM 747301109 2,335,441 381,803 27,792
2019-02-26 2018-12-31 13F/A-1 QUAD COM 747301109 1,953,638 186,614 10.56 24,069 -34.64 0.0109
2019-02-13 2018-12-31 13F QUAD COM 747301109 1,953,638 186,614 24,069
2018-11-13 2018-09-30 13F QUAD COM 747301109 1,767,024 134,260 8.22 36,825 8.28 0.0140
2018-08-10 2018-06-30 13F QUAD COM 747301109 1,632,764 401,371 32.59 34,010 8.95 0.0136
2018-05-11 2018-03-31 13F QUAD COM 747301109 1,231,393 83,498 7.27 31,216 20.33 0.0130
2018-02-12 2017-12-31 13F QUAD COM 747301109 1,147,895 51,723 4.72 25,943 4.67 0.0108
2017-11-13 2017-09-30 13F QUAD COM 747301109 1,096,172 123,449 12.69 24,785 11.17 0.0108
2017-08-11 2017-06-30 13F QUAD COM 747301109 972,723 18,973 1.99 22,295 -7.38 0.0103
2017-05-12 2017-03-31 13F QUAD COM 747301109 953,750 95,130 11.08 24,072 4.30 0.0115
2017-02-09 2016-12-31 13F QUAD COM 747301109 858,620 -80,987 -8.62 23,080 -8.07 0.0115
2016-11-10 2016-09-30 13F QUAD COM 747301109 939,607 -103,466 -9.92 25,106 3.35 0.0136
2016-08-09 2016-06-30 13F QUAD COM 747301109 1,043,073 10,405 1.01 24,293 81.79 0.0140
2016-05-13 2016-03-31 13F QUAD COM 747301109 1,032,668 -141,307 -12.04 13,363 22.39 0.0080
2016-02-10 2015-12-31 13F QUAD COM 747301109 1,173,975 -42,655 -3.51 10,918 -25.83 0.0068
2015-11-13 2015-09-30 13F QUAD COM 747301109 1,216,630 27,081 2.28 14,721 -33.14 0.0097
2015-08-14 2015-06-30 13F QUAD COM 747301109 1,189,549 195,382 19.65 22,019 -3.62 0.0135
2015-05-14 2015-03-31 13F QUAD COM 747301109 994,167 250,934 33.76 22,846 33.88 0.0144
2015-02-06 2014-12-31 13F QUAD COM 747301109 743,233 94,574 14.58 17,065 36.66 0.0112
2014-11-13 2014-09-30 13F QUAD COM 747301109 648,659 33,703 5.48 12,487 -9.23 0.0088
2014-08-08 2014-06-30 13F QUAD COM 747301109 614,956 52,044 9.25 13,756 4.22 0.0096
2014-05-14 2014-03-31 13F QUAD COM 747301109 562,912 -1,497 -0.27 13,199 -14.12 0.0099
2014-02-12 2013-12-31 13F QUAD COM 747301109 564,409 43,250 8.30 15,369 -2.87 0.0120
2013-11-13 2013-09-30 13F QUAD COM 747301109 521,159 17,595 3.49 15,823 30.38 0.0137
2013-08-15 2013-06-30 13F QUAD COM 747301109 503,564 503,564 12,136 0.0114
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.