Wellington Management Amends Glaukos Corp (GKOS) Stake
Ticker: GKOS · Form: SC 13G/A · Filed: Jan 10, 2024 · CIK: 1192448
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-change
Related Tickers: GKOS
TL;DR
**Wellington Management just tweaked its Glaukos (GKOS) stake, watch for potential price moves.**
AI Summary
Wellington Management Group LLP, a Boston-based investment firm, filed an amended SC 13G/A on January 10, 2024, indicating a change in their ownership of Glaukos Corp (NYSE: GKOS) common stock as of December 29, 2023. This filing updates their previous disclosures, signaling a potential adjustment in their investment strategy or a rebalancing of their portfolio. For investors, this matters because large institutional ownership changes can influence stock price and reflect a major player's confidence (or lack thereof) in the company's future performance.
Why It Matters
This filing shows a significant institutional investor, Wellington Management Group LLP, has adjusted its position in Glaukos Corp, which can signal shifts in market sentiment or future stock performance.
Risk Assessment
Risk Level: low — An amended 13G filing is a routine disclosure and doesn't inherently signal high risk, but rather a change in institutional ownership.
Analyst Insight
Investors should monitor subsequent filings from Wellington Management Group LLP for Glaukos Corp to understand the magnitude and direction of their ownership changes, as this could indicate a long-term bullish or bearish stance. It's also wise to research Glaukos Corp's recent performance and news to contextualize Wellington's actions.
Key Players & Entities
- Wellington Management Group LLP (company) — the reporting person and institutional investor
- Glaukos Corp (company) — the subject company whose stock is being reported
- December 29, 2023 (date) — the date of the event requiring the filing
- January 10, 2024 (date) — the filing date of the SC 13G/A
- 377322102 (number) — the CUSIP number for Glaukos Corp Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically filed under Rule 13d-1(b).
Who is the reporting person in this filing?
The reporting person is Wellington Management Group LLP, located at 280 Congress Street, Boston, MA 02210.
What is the subject company of this filing?
The subject company is Glaukos Corp, with its business address at 229 Avenida Fabricante, San Clemente, CA 92672.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Glaukos Corp is 377322102.
Filing Stats: 1,776 words · 7 min read · ~6 pages · Grade level 9.8 · Accepted 2024-01-10 09:08:13
Filing Documents
- SEC13G_Filing.htm (SC 13G/A) — 30KB
- 0000902219-24-000004.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. 2 ) * Glaukos Corp (Name of Issuer) Common Stock (Title of Class of Securities) 377322102 (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. 377322102 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 1,096,068 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,340,500 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,340,500 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.75% 12. TYPE OF REPORTING PERSON HC CUSIP No. 377322102 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 1,096,068 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,340,500 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,340,500 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.75% 12. TYPE OF REPORTING PERSON HC CUSIP No. 377322102 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 1,096,068 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,340,500 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,340,500 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.75% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer Glaukos Corp (b) Address of Issuer's Principal Executive Offices 229 Avenida Fabricante San Clemente, CA 92672 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 377322102 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)