Wellington Management Amends FLEETCOR Stake on Dec 29, 2023

TL;DR

**Wellington Management Group LLP updated its FLEETCOR stake, signaling a portfolio adjustment.**

AI Summary

Wellington Management Group LLP, a Massachusetts-based investment firm, filed an amended SC 13G/A on February 8, 2024, indicating a change in its ownership of FLEETCOR TECHNOLOGIES INC (NYSE: FLT) common stock as of December 29, 2023. This amendment, number 3, updates their previous disclosures regarding their passive investment in the business services company. For investors, this filing signals that a major institutional holder has adjusted its position, which can influence market sentiment and potentially the stock's liquidity.

Why It Matters

This filing shows that a significant institutional investor, Wellington Management Group LLP, has altered its stake in FLEETCOR TECHNOLOGIES INC, which can impact investor confidence and trading activity.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate significant risk to the company or its stock.

Analyst Insight

Investors should note that a major institutional investor has adjusted its position in FLEETCOR TECHNOLOGIES INC. While this filing doesn't disclose the exact change in share count or percentage, it signals a re-evaluation by Wellington Management Group LLP. Smart investors might monitor subsequent filings or news from Wellington Management for further insights into their investment strategy regarding FLEETCOR.

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person and institutional investor
• FLEETCOR TECHNOLOGIES INC (company) — the subject company whose securities are being reported
• Massachusetts (place) — place of organization for Wellington Management Group LLP
• December 29, 2023 (date) — the date of the event requiring this filing

Forward-Looking Statements

• Wellington Management Group LLP will continue to be a significant institutional holder of FLEETCOR TECHNOLOGIES INC shares. (Wellington Management Group LLP) — high confidence, target: Next 12 months

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 35KB
• 0000902219-24-000166.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. 3 ) * FLEETCOR TECHNOLOGIES INC (Name of Issuer) Common Stock (Title of Class of Securities) 339041105 (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. 339041105 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 3,972,277 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,683,613 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,683,613 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.49% 12. TYPE OF REPORTING PERSON HC CUSIP No. 339041105 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 3,972,277 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,683,613 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,683,613 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.49% 12. TYPE OF REPORTING PERSON HC CUSIP No. 339041105 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 3,972,277 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,683,613 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,683,613 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.49% 12. TYPE OF REPORTING PERSON HC CUSIP No. 339041105 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 3,411,746 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 3,756,617 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,756,617 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.20% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer FLEETCOR TECHNOLOGIES INC (b) Address of Issuer's Principal Executive Offices 3280 Peachtree Road Suite 2400 Atlanta, GA 30305 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 339041105 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 d

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