Wellington Management Amends ACCO Brands Stake (SC 13G/A)
Ticker: ACCO · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 712034
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Wellington Management just updated its ACCO Brands stake, watch for potential market reaction.**
AI Summary
Wellington Management Group LLP filed an amended SC 13G/A on February 8, 2024, indicating a change in their ownership of ACCO Brands Corporation's common stock as of December 29, 2023. This filing, Amendment No. 17, updates their previous disclosures regarding their investment in ACCO Brands. For investors, this matters because Wellington Management is a significant institutional investor, and changes in their holdings can signal their evolving sentiment about the company's future prospects.
Why It Matters
This filing shows an institutional investor, Wellington Management, has updated its position in ACCO Brands, which can influence market perception and potentially the stock price.
Risk Assessment
Risk Level: low — This filing is a routine update from an institutional investor and does not inherently signal high risk.
Analyst Insight
An investor should monitor subsequent filings from Wellington Management to track their long-term conviction in ACCO Brands and consider this alongside ACCO's financial performance and industry trends.
Key Players & Entities
- Wellington Management Group LLP (company) — the reporting person filing the SC 13G/A
- ACCO Brands Corporation (company) — the issuer of the common stock being reported on
- December 29, 2023 (date) — the date of the event requiring the filing
- February 8, 2024 (date) — the filing date of the SC 13G/A
- 00081T108 (other) — CUSIP number for ACCO Brands Corporation Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 17, as stated in the filing.
Who is the 'Name of Issuer' in this filing?
The 'Name of Issuer' is ACCO Brands Corporation, as clearly stated in the filing under 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 17) * ACCO Brands Corporation (Name of Issuer)'.
Who is the 'Reporting Person' making this filing?
The 'Reporting Person' making this filing is Wellington Management Group LLP, as indicated in the 'FILED BY' section and on the cover page under 'NAMES OF REPORTING PERSONS'.
What is the CUSIP number for the securities discussed?
The CUSIP number for the Common Stock of ACCO Brands Corporation is 00081T108, as listed on the cover page of the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, as specified on the cover page of the filing.
Filing Stats: 1,964 words · 8 min read · ~7 pages · Grade level 9.9 · Accepted 2024-02-08 10:05:28
Filing Documents
- SEC13G_Filing.htm (SC 13G/A) — 34KB
- 0000902219-24-000036.txt ( ) — 37KB
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. 17 ) * ACCO Brands Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 00081T108 (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. 00081T108 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 5,391,965 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 5,482,552 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,482,552 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.78% 12. TYPE OF REPORTING PERSON HC CUSIP No. 00081T108 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 5,391,965 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 5,482,552 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,482,552 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.78% 12. TYPE OF REPORTING PERSON HC CUSIP No. 00081T108 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 5,391,965 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 5,482,552 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,482,552 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.78% 12. TYPE OF REPORTING PERSON HC CUSIP No. 00081T108 1. NAMES OF REPORTING PERSONS Wellington Management Company LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 5,253,548 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 5,344,135 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,344,135 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.63% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer ACCO Brands Corporation (b) Address of Issuer's Principal Executive Offices Four Corporate Drive Lake Zurich, IL 60047 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP Wellington Management Company LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware Wellington Management Company LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 00081T108 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