Millennium Management Amends WW International Stake

Ticker: WW · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, investor-update

TL;DR

**Millennium Management updated its WW International stake, signaling a potential shift in their investment thesis.**

AI Summary

Millennium Management LLC, a New York-based investment firm, filed an amended SC 13G/A on January 24, 2024, indicating a change in their beneficial ownership of WW International, Inc. (formerly Weight Watchers International Inc.) common stock as of December 31, 2023. This filing, an amendment to a previous Schedule 13G, shows that Millennium Management LLC, along with its affiliates Integrated Core Strategies (US) LLC and Millennium Group Management LLC, and its founder Israel A. Englander, are reporting their holdings. This matters to investors because it provides transparency into a significant institutional investor's position, potentially signaling their updated confidence (or lack thereof) in WW International's future performance.

Why It Matters

This filing updates the public on a major institutional investor's position in WW International, which can influence market perception and trading activity for the stock.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate or significant risk to the company or its shareholders.

Analyst Insight

Investors should monitor subsequent filings from Millennium Management LLC to understand the full scope of their position changes in WW International, Inc. and consider if this aligns with their own investment thesis for the company.

Key Players & Entities

FAQ

Who filed this SC 13G/A amendment?

This SC 13G/A amendment was filed by Millennium Management LLC, along with its group members Integrated Core Strategies (US) LLC, Millennium Group Management LLC, and Israel A. Englander, as stated in the 'GROUP MEMBERS' section and 'FILED BY' section of the filing.

What company is the subject of this filing?

The subject company of this filing is WW INTERNATIONAL, INC., which was formerly known as WEIGHT WATCHERS INTERNATIONAL INC. and has a Central Index Key (CIK) of 0000105319, as detailed in the 'SUBJECT COMPANY' section.

What is the CUSIP number for the class of securities reported?

The CUSIP number for the class of securities, which is Common Stock, No Par Value, is 98262P101, as indicated on the cover page and in the 'Title of Class of Securities' section.

What was the date of the event that required this filing?

The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page of the Schedule 13G.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(c), as indicated by the checked box on the cover page of the filing.

From the Filing

0001273087-24-000024.txt : 20240124 0001273087-24-000024.hdr.sgml : 20240124 20240124160927 ACCESSION NUMBER: 0001273087-24-000024 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 GROUP MEMBERS: INTEGRATED CORE STRATEGIES (US) LLC GROUP MEMBERS: ISRAEL A. ENGLANDER GROUP MEMBERS: MILLENNIUM GROUP MANAGEMENT LLC GROUP MEMBERS: MILLENNIUM MANAGEMENT LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WW INTERNATIONAL, INC. CENTRAL INDEX KEY: 0000105319 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 116040273 STATE OF INCORPORATION: VA FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78065 FILM NUMBER: 24556499 BUSINESS ADDRESS: STREET 1: 675 AVENUE OF THE AMERICAS STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2125892700 MAIL ADDRESS: STREET 1: 675 AVENUE OF THE AMERICAS STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10010 FORMER COMPANY: FORMER CONFORMED NAME: WEIGHT WATCHERS INTERNATIONAL INC DATE OF NAME CHANGE: 19991123 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MILLENNIUM MANAGEMENT LLC CENTRAL INDEX KEY: 0001273087 ORGANIZATION NAME: IRS NUMBER: 133804139 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 841-4100 MAIL ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: MILLENNIUM MANAGEMENT, L.L.C. DATE OF NAME CHANGE: 20050310 FORMER COMPANY: FORMER CONFORMED NAME: MILLENNIUM MANAGEMENT LLC DATE OF NAME CHANGE: 20031212 SC 13G/A 1 WW_SC13GA1.htm SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (AMENDMENT NO. 1) WW INTERNATIONAL, INC. (Name of Issuer) COMMON STOCK, NO PAR VALUE (Title of Class of Securities) 98262P101 (CUSIP Number) DECEMBER 31, 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: o Rule 13d-1(b) þ Rule 13d-1(c) o 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 ("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. 98262P101 SCHEDULE 13G Page 2 of 11 1 NAMES OF REPORTING PERSONS Integrated Core Strategies (US) LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 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 4,707,357 7 SOLE DISPOSITIVE POWER -0- 8 SHARED DISPOSITIVE POWER 4,707,357 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,707,357 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.0% 12 TYPE OF REPORTING PERSON OO CUSIP No. 98262P101 SCHEDULE 13G Page 3 of 11 1 NAMES OF REPORTING PERSONS Millennium Management LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 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 5,247,174 7 SOLE DISPOSITIVE POWER -0- 8 SHARED DISPOSITIVE POWER 5,247,174 9 AGGREGATE AMOUNT BENEFICIA

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