Wellington Management Group LLP Amends Flex Ltd. Stake
Ticker: FLEX · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 866374
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Wellington Management Group LLP updated their Flex Ltd. holdings, signaling continued institutional interest.**
AI Summary
Wellington Management Group LLP filed an amended SC 13G/A on February 8, 2024, disclosing their ownership of Flex Ltd. common stock as of December 29, 2023. This filing indicates that Wellington Management Group LLP is a significant institutional investor in Flex Ltd., holding a substantial stake. For investors, this matters because large institutional holdings can signal confidence in the company's prospects and potentially influence stock stability, though changes in their position can also impact market sentiment.
Why It Matters
This filing shows that a major institutional investor, Wellington Management Group LLP, continues to hold a significant position in Flex Ltd., which can be a vote of confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor and does not inherently present new risks to the company or its shareholders.
Analyst Insight
Investors should note the continued presence of Wellington Management Group LLP as a significant holder, but this filing alone doesn't provide enough detail to warrant immediate action. Further analysis of the specific percentage of ownership (which is not provided in this excerpt) and any changes from previous filings would be necessary.
Key Players & Entities
- Wellington Management Group LLP (company) — filing an amendment to their SC 13G
- Flex Ltd. (company) — the subject company whose securities are being reported
- December 29, 2023 (date) — the date of the event requiring the filing
- February 8, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' section.
Who is the subject company of this filing?
The subject company is FLEX LTD., identified by 'COMPANY CONFORMED NAME: FLEX LTD.' and CIK 0000866374.
Who is the entity that filed this SC 13G/A?
The entity that filed this amendment is WELLINGTON MANAGEMENT GROUP LLP, identified by 'COMPANY CONFORMED NAME: WELLINGTON MANAGEMENT GROUP LLP' and CIK 0000902219.
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 explicitly stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by '[X] Rule 13d-1(b)' in the document.
Filing Stats: 1,777 words · 7 min read · ~6 pages · Grade level 9.6 · Accepted 2024-02-08 10:05:28
Filing Documents
- SEC13G_Filing.htm (SC 13G/A) — 31KB
- 0000902219-24-000035.txt ( ) — 33KB
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. 4 ) * FLEX LTD. (Name of Issuer) Common Stock (Title of Class of Securities) Y2573F102 (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. Y2573F102 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 19,546,881 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 24,101,224 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 24,101,224 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.56% 12. TYPE OF REPORTING PERSON HC CUSIP No. Y2573F102 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 19,546,881 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 24,101,224 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 24,101,224 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.56% 12. TYPE OF REPORTING PERSON HC CUSIP No. Y2573F102 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 19,546,881 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 24,101,224 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 24,101,224 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.56% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer FLEX LTD. (b) Address of Issuer's Principal Executive Offices 2 Changi South Lane Singapore, CA 486123 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 Y2573F102 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)(i