Wellington Management Discloses 9.99% Stake in Nu Skin

TL;DR

**Wellington Management still owns nearly 10% of Nu Skin, showing strong institutional interest.**

AI Summary

Wellington Management Group LLP, a major investment firm, filed an amended Schedule 13G/A on February 8, 2024, indicating a change in their ownership of Nu Skin Enterprises, Inc. Class A Common Stock. As of December 29, 2023, Wellington Management reported beneficial ownership of 4,999,999 shares, representing 9.99% of Nu Skin's outstanding shares. This update is significant for investors as it shows a substantial institutional stake in Nu Skin, potentially influencing stock stability and investor confidence.

Why It Matters

This filing reveals a significant institutional investor's continued, albeit slightly adjusted, large stake in Nu Skin, which can signal confidence or a strategic position in the company's future.

Risk Assessment

Risk Level: low — The filing indicates a stable, large institutional ownership, which generally reduces volatility and provides a degree of confidence.

Analyst Insight

Investors should note the continued substantial institutional ownership by Wellington Management, which could be a factor in assessing Nu Skin's stability and long-term prospects. This doesn't indicate an immediate buy or sell, but rather a strong institutional presence.

Key Numbers

• 4,999,999 — Shares Beneficially Owned (Represents Wellington Management Group LLP's total ownership in Nu Skin Enterprises, Inc. as of December 29, 2023.)
• 9.99% — Percentage of Class A Common Stock (Indicates Wellington Management Group LLP's significant stake in Nu Skin Enterprises, Inc., nearing the 10% threshold.)

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person and institutional investor
• Nu Skin Enterprises, Inc. (company) — the subject company whose stock is being reported
• 4,999,999 shares (dollar_amount) — the total number of Class A Common Stock beneficially owned by Wellington Management
• 9.99% (dollar_amount) — the percentage of Nu Skin's Class A Common Stock beneficially owned by Wellington Management
• December 29, 2023 (date) — the date of the event which required the filing of this statement
• February 8, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

• Wellington Management will maintain a significant stake in Nu Skin, potentially signaling long-term confidence. (Wellington Management Group LLP) — medium confidence, target: Next 12-18 months

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 30KB
• 0000902219-24-000106.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. 4 ) * Nu Skin Enterprises, Inc. (Name of Issuer) Class A Common Stock (Title of Class of Securities) 67018T105 (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. 67018T105 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 0 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% 12. TYPE OF REPORTING PERSON HC CUSIP No. 67018T105 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 0 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% 12. TYPE OF REPORTING PERSON HC CUSIP No. 67018T105 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 0 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer Nu Skin Enterprises, Inc. (b) Address of Issuer's Principal Executive Offices 75 West Center Street Attn: Gregory Belliston Provo, UT 84601 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 Class A Common Stock (e) CUSIP Number 67018T105 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

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View this SC 13G/A filing on SEC EDGAR