Wellington Management Discloses Passive Stake in Mativ Holdings
Ticker: MATV · Form: SC 13G · Filed: Feb 8, 2024 · CIK: 1000623
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Wellington Management Group LLP just revealed a passive stake in Mativ Holdings, Inc., signaling institutional confidence.**
AI Summary
Wellington Management Group LLP, a major investment firm, filed an SC 13G on February 8, 2024, disclosing its ownership in Mativ Holdings, Inc. (formerly Schweitzer-Mauduit International, Inc.) as of December 29, 2023. This filing indicates that Wellington Management Group LLP holds a significant, but passive, stake in Mativ Holdings, Inc., signaling their confidence in the company without seeking to influence management. For investors, this means a large institutional investor sees value in Mativ Holdings, Inc., which can be a positive signal, but it doesn't suggest any immediate changes to the company's operations or strategy.
Why It Matters
This filing shows a major institutional investor, Wellington Management Group LLP, has a significant stake in Mativ Holdings, Inc., which can be a vote of confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of passive ownership by an institutional investor and does not indicate any immediate risks to the company or its stock.
Analyst Insight
Investors should note the presence of a significant institutional holder like Wellington Management Group LLP, which can add stability and legitimacy to Mativ Holdings, Inc. stock, but should not expect any immediate activist changes from this passive filing.
Key Players & Entities
- Wellington Management Group LLP (company) — the reporting person disclosing ownership
- Mativ Holdings, Inc. (company) — the subject company in which shares are owned
- Schweitzer-Mauduit International, Inc. (company) — the former name of Mativ Holdings, Inc.
- December 29, 2023 (date) — the date of the event requiring the filing
- February 8, 2024 (date) — the filing date of the SC 13G
Forward-Looking Statements
- Wellington Management Group LLP will maintain a passive investment stance in Mativ Holdings, Inc. (Wellington Management Group LLP) — high confidence, target: Ongoing
FAQ
Who filed this SC 13G statement?
The SC 13G statement was filed by Wellington Management Group LLP, as indicated in the 'FILED BY' section and 'NAMES OF REPORTING PERSONS' section of the filing.
What company is the subject of this SC 13G filing?
The subject company is Mativ Holdings, Inc., which was formerly known as Schweitzer-Mauduit International, Inc., as stated in the 'SUBJECT COMPANY' and 'Name of Issuer' sections.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023, as specified in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box '[X] Rule 13d-1(b)' in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Mativ Holdings, Inc. is 808541106, as listed in the filing.
Filing Stats: 1,967 words · 8 min read · ~7 pages · Grade level 9.8 · Accepted 2024-02-08 10:22:53
Filing Documents
- SEC13G_Filing.htm (SC 13G) — 35KB
- 0000902219-24-000202.txt ( ) — 37KB
From the Filing
SC 13G 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. _ ) * Schweitzer-Mauduit International, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 808541106 (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. 808541106 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 3,532,860 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 3,583,501 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,583,501 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.61% 12. TYPE OF REPORTING PERSON HC CUSIP No. 808541106 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 3,532,860 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 3,583,501 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,583,501 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.61% 12. TYPE OF REPORTING PERSON HC CUSIP No. 808541106 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 3,532,860 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 3,583,501 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,583,501 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.61% 12. TYPE OF REPORTING PERSON HC CUSIP No. 808541106 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 3,424,077 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 3,474,718 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,474,718 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.41% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Schweitzer-Mauduit International, Inc. (b) Address of Issuer's Principal Executive Offices 100 North Point Center East Suite 600 Alpharetta, GA 30022-8246 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 808541106 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.