Wellington Management Group Files Amended SC 13G/A on ETSY INC

TL;DR

**Wellington Management Group still holds a big, passive stake in Etsy.**

AI Summary

Wellington Management Group LLP, a major investment firm based in Massachusetts, filed an amended SC 13G/A on February 8, 2024, indicating their ownership of ETSY INC common stock as of December 29, 2023. This filing is an update to their previous disclosure, showing their continued significant, but passive, stake in the e-commerce company. For investors, this matters because it confirms a large institutional investor maintains a position in Etsy, suggesting continued confidence in the company's long-term prospects, even if the exact share count isn't detailed in this snippet.

Why It Matters

This filing shows that a major institutional investor, Wellington Management Group LLP, continues to hold a significant stake in Etsy, which can be a vote of confidence for current and potential shareholders.

Risk Assessment

Risk Level: low — This is a routine amendment by an institutional investor, indicating a passive stake and not signaling any immediate negative or positive event for the company.

Analyst Insight

Investors should note that a major institutional investor maintains a position in Etsy, which could be seen as a sign of stability. However, this filing doesn't provide new information on changes in their stake or future intentions, so further research into Etsy's fundamentals and Wellington's broader portfolio strategy would be prudent.

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person filing the SC 13G/A
• ETSY INC (company) — the subject company whose stock is being reported
• Massachusetts (company) — place of organization for Wellington Management Group LLP
• December 29, 2023 (date) — date of the event requiring the filing
• February 8, 2024 (date) — date the SC 13G/A was filed

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 31KB
• 0000902219-24-000073.txt ( ) — 32KB

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 ) * ETSY INC (Name of Issuer) Common Stock (Title of Class of Securities) 29786A106 (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. 29786A106 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 576,337 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 658,578 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 658,578 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.55% 12. TYPE OF REPORTING PERSON HC CUSIP No. 29786A106 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 576,337 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 658,578 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 658,578 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.55% 12. TYPE OF REPORTING PERSON HC CUSIP No. 29786A106 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 576,337 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 658,578 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 658,578 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.55% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer ETSY INC (b) Address of Issuer's Principal Executive Offices 117 Adams Street Brooklyn, NY 11201 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings 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 (d) Title of Class of Securities Common Stock (e) CUSIP Number 29786A106 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) [ ] 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) [X] 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). If this statement is filed

View Full Filing

View this SC 13G/A filing on SEC EDGAR