Wellington Mgmt Amends FMC Corp Stake, Signals Position Change
Ticker: FMC · Form: SC 13G/A · Filed: Jan 10, 2024 · CIK: 37785
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-change
TL;DR
**Wellington Management Group just updated its FMC Corp holdings, watch for potential stock movement.**
AI Summary
Wellington Management Group LLP filed an amended SC 13G/A on January 10, 2024, indicating a change in their ownership of FMC Corporation's Common Stock as of December 29, 2023. This filing, Amendment No. 5, updates their previous disclosures regarding their beneficial ownership. This matters to investors because it shows a significant institutional investor is adjusting its position in FMC Corp, which could signal a change in their outlook on the company's future performance.
Why It Matters
This filing reveals that a major institutional investor, Wellington Management Group LLP, has altered its stake in FMC Corporation, which can influence market perception and potentially the stock price.
Risk Assessment
Risk Level: low — An amended 13G filing typically indicates a passive investment change by an institutional investor, which is generally not a high-risk event.
Analyst Insight
An investor should note that a major institutional investor has adjusted its position in FMC Corp. While the specific change in ownership percentage isn't detailed in this excerpt, it signals that Wellington Management Group LLP is actively managing its portfolio. Investors should look for the full filing to understand the magnitude of the change and consider if it aligns with their own investment thesis for FMC Corp.
Key Players & Entities
- Wellington Management Group LLP (company) — the reporting person filing the SC 13G/A
- FMC Corporation (company) — the subject company whose securities are 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
- Amendment No. 5 (number) — the specific amendment number of the filing
Forward-Looking Statements
- Wellington Management Group LLP will continue to be a significant institutional holder of FMC Corporation stock. (Wellington Management Group LLP) — high confidence, target: 2025-01-10
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 Amendment No. 5, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is Wellington Management Group LLP, as identified in the 'NAMES OF REPORTING PERSONS' section and the 'FILED BY' section of the filing.
What is the subject company whose securities are being reported?
The subject company is FMC Corporation, as indicated in the 'Name of Issuer' section and the 'SUBJECT COMPANY' data block.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of FMC Corporation is 302491303, as stated on the cover page of the filing.
What was the date of the event that triggered this filing?
The date of the event which requires the filing of this statement was December 29, 2023, as specified on the cover page of the filing.
Filing Stats: 1,960 words · 8 min read · ~7 pages · Grade level 9.9 · Accepted 2024-01-10 09:08:13
Filing Documents
- SEC13G_Filing.htm (SC 13G/A) — 35KB
- 0000902219-24-000003.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. 5 ) * FMC Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 302491303 (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. 302491303 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 11,185,411 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 12,547,766 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,547,766 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.06% 12. TYPE OF REPORTING PERSON HC CUSIP No. 302491303 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 11,185,411 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 12,547,766 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,547,766 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.06% 12. TYPE OF REPORTING PERSON HC CUSIP No. 302491303 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 11,185,411 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 12,547,766 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,547,766 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.06% 12. TYPE OF REPORTING PERSON HC CUSIP No. 302491303 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 10,255,738 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 10,739,475 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,739,475 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.61% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer FMC Corporation (b) Address of Issuer's Principal Executive Offices 2929 Walnut Street Philadelphia, PA 19104 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 302491303 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 Sec