Wellington Management Amends Phillips Edison Stake (SC 13G/A)

TL;DR

**Wellington Management updated its Phillips Edison stake, signaling continued institutional interest.**

AI Summary

Wellington Management Group LLP filed an amended SC 13G/A on February 8, 2024, indicating a change in their ownership of Phillips Edison & Company, Inc. common stock as of December 29, 2023. This update, an Amendment No. 2, signals that Wellington Management continues to be a significant institutional holder, which can be a positive signal for investors as it suggests continued confidence from a major fund. For current or prospective shareholders, this filing confirms that a large, sophisticated investor maintains a position in Phillips Edison, potentially lending stability and institutional backing to the stock.

Why It Matters

This filing shows that a major institutional investor, Wellington Management, is still involved with Phillips Edison & Company, Inc., which can influence market perception and investor confidence.

Risk Assessment

Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative or highly volatile events.

Analyst Insight

An investor should note that Wellington Management Group LLP, a significant institutional investor, continues to hold a position in Phillips Edison & Company, Inc. This is a routine update and doesn't signal an immediate buy or sell, but rather confirms ongoing institutional interest. Further investigation into the specific changes in Wellington's holdings (which would be detailed in the full filing, not provided here) would be necessary for a more informed decision.

Key Players & Entities

• Wellington Management Group LLP (company) — the institutional investor filing the SC 13G/A
• Phillips Edison & Company, Inc. (company) — the subject company whose common stock is 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

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 35KB
• 0000902219-24-000114.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. 2 ) * Phillips Edison & Company, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 71844V201 (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. 71844V201 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 6,926,233 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 8,083,622 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,083,622 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. 71844V201 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 6,926,233 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 8,083,622 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,083,622 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. 71844V201 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 6,926,233 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 8,083,622 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,083,622 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. 71844V201 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 6,806,814 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 7,706,588 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,706,588 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.44% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Phillips Edison & Company, Inc. (b) Address of Issuer's Principal Executive Offices 11501 Northlake Drive Cincinnati, OH 45249 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 71844V201 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

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View this SC 13G/A filing on SEC EDGAR