Wellington Management Discloses 6.25% Stake in Redwood Trust

TL;DR

**Wellington Management just revealed a 6.25% stake in Redwood Trust, signaling institutional confidence.**

AI Summary

Wellington Management Group LLP, a Massachusetts-based investment firm, reported on February 8, 2024, that it holds a significant stake in Redwood Trust, Inc. (NYSE: RWT). As of December 29, 2023, Wellington Management Group LLP beneficially owned 7,580,754 shares of Redwood Trust's common stock, representing 6.25% of the company's outstanding shares. This matters to investors because it signals a major institutional investor's confidence in Redwood Trust, potentially indicating a positive outlook for the stock.

Why It Matters

A large institutional investment by Wellington Management Group LLP can be seen as a vote of confidence, potentially attracting other investors and influencing Redwood Trust's stock performance.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, generally viewed as a positive signal rather than a risk.

Analyst Insight

A smart investor would consider this significant institutional investment as a positive indicator and might research Redwood Trust further, potentially adding it to their watchlist or considering a position.

Key Numbers

• 7,580,754 — Shares Owned (Represents the total number of Redwood Trust common shares Wellington Management Group LLP beneficially owns.)
• 6.25% — Ownership Percentage (Indicates the proportion of Redwood Trust's common stock owned by Wellington Management Group LLP, showing a significant stake.)
• December 29, 2023 — Event Date (The specific date when the ownership threshold was met, triggering the filing requirement.)

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person and institutional investor
• Redwood Trust, Inc. (company) — the subject company whose shares were acquired
• 7,580,754 (dollar_amount) — number of shares beneficially owned
• 6.25% (dollar_amount) — percentage of class outstanding
• December 29, 2023 (person) — date of event requiring the filing

Forward-Looking Statements

• Redwood Trust's stock price may see a positive reaction due to increased institutional confidence. (Redwood Trust, Inc.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G) — 35KB
• 0000902219-24-000199.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. _ ) * Redwood Trust, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 758075402 (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. 758075402 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 10,603,265 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 11,314,715 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,314,715 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.54% 12. TYPE OF REPORTING PERSON HC CUSIP No. 758075402 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 10,603,265 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 11,314,715 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,314,715 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.54% 12. TYPE OF REPORTING PERSON HC CUSIP No. 758075402 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 10,603,265 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 11,314,715 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,314,715 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.54% 12. TYPE OF REPORTING PERSON HC CUSIP No. 758075402 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 10,521,140 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 11,040,373 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,040,373 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.31% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Redwood Trust, Inc. (b) Address of Issuer's Principal Executive Offices One Belvedere Place Suite 300 Mill Valley, CA 94941 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 758075402 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

View Full Filing

View this SC 13G filing on SEC EDGAR