Wellington Management Amends WEX Inc. Stake as of Dec 29, 2023

Ticker: WEX · Form: SC 13G/A · Filed: 2024-02-08T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, investor-update

TL;DR

**Wellington Management updated its WEX Inc. holdings, signaling potential sentiment shift.**

AI Summary

Wellington Management Group LLP, a Boston-based investment firm, filed an amended SC 13G/A on February 8, 2024, indicating their ownership of WEX Inc. common stock as of December 29, 2023. This filing is an amendment (Amendment No. 11), suggesting a change in their previously reported holdings. For investors, this matters because Wellington Management is a significant institutional investor, and changes in their stake can signal their evolving sentiment about WEX Inc.'s future prospects, potentially influencing other investors.

Why It Matters

This filing shows an institutional investor's updated position in WEX Inc., which can be a signal of their confidence or concern about the company's performance and outlook.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of an institutional investor's holdings and does not inherently indicate high risk.

Analyst Insight

Investors should monitor subsequent filings from Wellington Management Group LLP or other major institutional investors to discern a clearer trend in their WEX Inc. holdings, as this specific filing only indicates an amendment without disclosing the exact change in share count or percentage.

Key Players & Entities

FAQ

What type of filing is this and what does it signify?

This is an SC 13G/A filing, which is an amendment (Amendment No. 11) to a Schedule 13G. It signifies that Wellington Management Group LLP is updating its previously reported beneficial ownership of WEX Inc. common stock.

Who is the reporting person in this filing?

The reporting person is Wellington Management Group LLP, located at 280 Congress Street, Boston, MA.

What is the subject company of this filing?

The subject company is WEX Inc., with its business address at 1 Hancock Street, Portland, ME.

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.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box.

From the Filing

0000902219-24-000142.txt : 20240208 0000902219-24-000142.hdr.sgml : 20240208 20240208101847 ACCESSION NUMBER: 0000902219-24-000142 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: WEX Inc. CENTRAL INDEX KEY: 0001309108 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 010526993 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80578 FILM NUMBER: 24607358 BUSINESS ADDRESS: STREET 1: 1 HANCOCK STREET CITY: PORTLAND STATE: ME ZIP: 04101 BUSINESS PHONE: (207) 773-8171 MAIL ADDRESS: STREET 1: 1 HANCOCK STREET CITY: PORTLAND STATE: ME ZIP: 04101 FORMER COMPANY: FORMER CONFORMED NAME: Wright Express CORP DATE OF NAME CHANGE: 20041118 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. 11 ) * WEX Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 96208T104 (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. 96208T104 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 2,755,513 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 3,122,500 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,122,500 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.31% 12. TYPE OF REPORTING PERSON HC CUSIP No. 96208T104 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 2,755,513 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 3,122,500 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,122,500 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF

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