Wellington Mgmt Amends Methanex Stake (SC 13G/A)

TL;DR

**Wellington Management just updated its Methanex stake, signaling a portfolio adjustment.**

AI Summary

Wellington Management Group LLP filed an amended SC 13G/A on February 8, 2024, indicating a change in their ownership of Methanex Corporation's common stock as of December 29, 2023. This filing, Amendment No. 4, updates their previous disclosures regarding their investment in Methanex, a company with CUSIP 59151K108. This matters to investors because it signals that a major institutional investor has adjusted its position, which could reflect their updated outlook on Methanex's future performance or valuation.

Why It Matters

This filing shows an institutional investor, Wellington Management Group LLP, has updated its stake in Methanex, which can influence market perception and potentially the stock price.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, indicating a change in ownership rather than a new, high-risk event.

Analyst Insight

Investors should monitor subsequent filings from Wellington Management Group LLP for Methanex Corporation to understand the full scope of their position changes and consider if this aligns with their own investment thesis for the stock.

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person filing the SC 13G/A
• Methanex Corporation (company) — the issuer whose securities are being reported
• December 29, 2023 (date) — the date of the event requiring the filing
• February 8, 2024 (date) — the date the SC 13G/A was filed
• 59151K108 (other) — CUSIP number for Methanex Corporation's Common Stock

Forward-Looking Statements

• Wellington Management Group LLP will continue to be a significant institutional holder of Methanex Corporation shares. (Wellington Management Group LLP) — high confidence, target: Q2 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 35KB
• 0000902219-24-000016.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. 4 ) * Methanex Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 59151K108 (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. 59151K108 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 3,638,663 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,557,093 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,557,093 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.76% 12. TYPE OF REPORTING PERSON HC CUSIP No. 59151K108 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 3,638,663 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,557,093 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,557,093 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.76% 12. TYPE OF REPORTING PERSON HC CUSIP No. 59151K108 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 3,638,663 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,557,093 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,557,093 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.76% 12. TYPE OF REPORTING PERSON HC CUSIP No. 59151K108 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 3,603,808 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,287,548 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,287,548 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.36% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Methanex Corporation (b) Address of Issuer's Principal Executive Offices 1800 Waterfront Center 200 Burrard Street Vancouver Bc Canada, A1 00000 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 59151K108 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

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View this SC 13G/A filing on SEC EDGAR