Wellington Management Discloses 9.99% Stake in Nu Skin

TL;DR

**Wellington Management still owns nearly 10% of Nu Skin, showing strong institutional interest.**

AI Summary

Wellington Management Group LLP, a major investment firm, filed an amended Schedule 13G/A on February 8, 2024, indicating a change in their ownership of Nu Skin Enterprises, Inc. Class A Common Stock. As of December 29, 2023, Wellington Management reported beneficial ownership of 4,999,999 shares, representing 9.99% of Nu Skin's outstanding shares. This update is significant for investors as it shows a substantial institutional stake in Nu Skin, potentially influencing stock stability and investor confidence.

Why It Matters

This filing reveals a significant institutional investor's continued, albeit slightly adjusted, large stake in Nu Skin, which can signal confidence or a strategic position in the company's future.

Risk Assessment

Risk Level: low — The filing indicates a stable, large institutional ownership, which generally reduces volatility and provides a degree of confidence.

Analyst Insight

Investors should note the continued substantial institutional ownership by Wellington Management, which could be a factor in assessing Nu Skin's stability and long-term prospects. This doesn't indicate an immediate buy or sell, but rather a strong institutional presence.

Key Numbers

• 4,999,999 — Shares Beneficially Owned (Represents Wellington Management Group LLP's total ownership in Nu Skin Enterprises, Inc. as of December 29, 2023.)
• 9.99% — Percentage of Class A Common Stock (Indicates Wellington Management Group LLP's significant stake in Nu Skin Enterprises, Inc., nearing the 10% threshold.)

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person and institutional investor
• Nu Skin Enterprises, Inc. (company) — the subject company whose stock is being reported
• 4,999,999 shares (dollar_amount) — the total number of Class A Common Stock beneficially owned by Wellington Management
• 9.99% (dollar_amount) — the percentage of Nu Skin's Class A Common Stock beneficially owned by Wellington Management
• December 29, 2023 (date) — the date of the event which required the filing of this statement
• February 8, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

• Wellington Management will maintain a significant stake in Nu Skin, potentially signaling long-term confidence. (Wellington Management Group LLP) — medium confidence, target: Next 12-18 months

FAQ

From the Filing

0000902219-24-000106.txt : 20240208 0000902219-24-000106.hdr.sgml : 20240208 20240208101432 ACCESSION NUMBER: 0000902219-24-000106 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NU SKIN ENTERPRISES, INC. CENTRAL INDEX KEY: 0001021561 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 870565309 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49939 FILM NUMBER: 24607317 BUSINESS ADDRESS: STREET 1: 75 WEST CENTER ST STREET 2: ATTN: GREGORY BELLISTON CITY: PROVO STATE: UT ZIP: 84601 BUSINESS PHONE: 801-345-1000 MAIL ADDRESS: STREET 1: 75 WEST CENTER ST STREET 2: ATTN: GREGORY BELLISTON CITY: PROVO STATE: UT ZIP: 84601 FORMER COMPANY: FORMER CONFORMED NAME: NU SKIN ENTERPRISES INC DATE OF NAME CHANGE: 19980909 FORMER COMPANY: FORMER CONFORMED NAME: NU SKIN ASIA PACIFIC INC DATE OF NAME CHANGE: 19960919 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WELLINGTON MANAGEMENT GROUP LLP CENTRAL INDEX KEY: 0000902219 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 042683227 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O WELLINGTON MANAGEMENT COMPANY LLP STREET 2: 280 CONGRESS STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6179515000 MAIL ADDRESS: STREET 1: C/O WELLINGTON MANAGEMENT COMPANY LLP STREET 2: 280 CONGRESS STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: WELLINGTON MANAGEMENT CO LLP DATE OF NAME CHANGE: 19960930 FORMER COMPANY: FORMER CONFORMED NAME: WELLINGTON MANAGEMENT CO DATE OF NAME CHANGE: 19930426 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. 4 ) * Nu Skin Enterprises, Inc. (Name of Issuer) Class A Common Stock (Title of Class of Securities) 67018T105 (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. 67018T105 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 0 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% 12. TYPE OF REPORTING PERSON HC CUSIP No. 67018T105 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 0 7. SOLE DISPOSITIVE POWER 0 8. SHARED