Wellington Management Group Files Amended SC 13G/A on ETSY INC

TL;DR

**Wellington Management Group still holds a big, passive stake in Etsy.**

AI Summary

Wellington Management Group LLP, a major investment firm based in Massachusetts, filed an amended SC 13G/A on February 8, 2024, indicating their ownership of ETSY INC common stock as of December 29, 2023. This filing is an update to their previous disclosure, showing their continued significant, but passive, stake in the e-commerce company. For investors, this matters because it confirms a large institutional investor maintains a position in Etsy, suggesting continued confidence in the company's long-term prospects, even if the exact share count isn't detailed in this snippet.

Why It Matters

This filing shows that a major institutional investor, Wellington Management Group LLP, continues to hold a significant stake in Etsy, which can be a vote of confidence for current and potential shareholders.

Risk Assessment

Risk Level: low — This is a routine amendment by an institutional investor, indicating a passive stake and not signaling any immediate negative or positive event for the company.

Analyst Insight

Investors should note that a major institutional investor maintains a position in Etsy, which could be seen as a sign of stability. However, this filing doesn't provide new information on changes in their stake or future intentions, so further research into Etsy's fundamentals and Wellington's broader portfolio strategy would be prudent.

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person filing the SC 13G/A
• ETSY INC (company) — the subject company whose stock is being reported
• Massachusetts (company) — place of organization for Wellington Management Group LLP
• December 29, 2023 (date) — date of the event requiring the filing
• February 8, 2024 (date) — date the SC 13G/A was filed

FAQ

From the Filing

0000902219-24-000073.txt : 20240208 0000902219-24-000073.hdr.sgml : 20240208 20240208101318 ACCESSION NUMBER: 0000902219-24-000073 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: ETSY INC CENTRAL INDEX KEY: 0001370637 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88869 FILM NUMBER: 24607299 BUSINESS ADDRESS: STREET 1: 117 ADAMS STREET CITY: BROOKLYN STATE: NY ZIP: 11201 BUSINESS PHONE: (718) 880-3660 MAIL ADDRESS: STREET 1: 117 ADAMS STREET CITY: BROOKLYN STATE: NY ZIP: 11201 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. 1 ) * ETSY INC (Name of Issuer) Common Stock (Title of Class of Securities) 29786A106 (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. 29786A106 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 576,337 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 658,578 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 658,578 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.55% 12. TYPE OF REPORTING PERSON HC CUSIP No. 29786A106 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 576,337 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 658,578 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 658,578 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.55% 12. TYPE OF REPORTING PERSON HC CUSIP No. 29786A106 1. N