Wellington Management Holds 12.9% Stake in Monro, Inc.

TL;DR

**Wellington Management still owns 12.9% of Monro, Inc. as of Dec 29, 2023.**

AI Summary

Wellington Management Group LLP, a major investment firm, filed an amended SC 13G/A on February 8, 2024, indicating a change in their ownership of Monro, Inc. (formerly Monro Muffler Brake, Inc.) common stock. As of December 29, 2023, Wellington Management Group LLP reported beneficial ownership of 4,000,000 shares, representing 12.9% of Monro, Inc.'s outstanding common stock. This filing is an update to their previous disclosures, showing their continued significant stake in the automotive repair company.

Why It Matters

This filing confirms a significant institutional investor's continued confidence in Monro, Inc., which can be a positive signal for current and prospective shareholders, indicating a stable ownership base.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and risk for other investors.

Analyst Insight

An investor should note the continued significant institutional ownership by Wellington Management Group LLP, which suggests a degree of confidence in Monro, Inc. However, this filing is an update and doesn't necessarily signal new buying or selling intent, so further research into Monro's fundamentals and Wellington's broader portfolio strategy would be prudent.

Key Numbers

• 4,000,000 — Shares Beneficially Owned (Represents the total common stock shares of Monro, Inc. held by Wellington Management Group LLP as of December 29, 2023.)
• 12.9% — Percentage of Class (Indicates the significant stake Wellington Management Group LLP holds in Monro, Inc., showing their influence.)
• December 29, 2023 — Event Date (The specific date when the ownership threshold was met or changed, triggering the filing requirement.)

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person and institutional investor
• Monro, Inc. (company) — the subject company whose shares are being reported
• Monro Muffler Brake, Inc. (company) — the former name of the subject company
• 4,000,000 (dollar_amount) — number of shares beneficially owned by Wellington Management Group LLP
• 12.9% (dollar_amount) — percentage of class beneficially owned by Wellington Management Group LLP
• December 29, 2023 (date) — the date of the event requiring this filing
• February 8, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Wellington Management Group LLP will maintain a significant stake in Monro, Inc. for the foreseeable future. (Wellington Management Group LLP) — medium confidence, target: December 29, 2024
• Monro, Inc.'s stock price will likely experience stability due to strong institutional backing. (Monro, Inc.) — low confidence, target: June 30, 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 31KB
• 0000902219-24-000191.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 ) * Monro Muffler Brake, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 610236101 (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. 610236101 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 1,316,813 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,335,544 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,335,544 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.25% 12. TYPE OF REPORTING PERSON HC CUSIP No. 610236101 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 1,316,813 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,335,544 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,335,544 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.25% 12. TYPE OF REPORTING PERSON HC CUSIP No. 610236101 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 1,316,813 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,335,544 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,335,544 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.25% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer Monro Muffler Brake, Inc. (b) Address of Issuer's Principal Executive Offices 200 Holleder Parkway Rochester, NY 14615-3808 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 610236101 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

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