Wellington Management Amends Knight-Swift Stake

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

Sentiment: neutral

Topics: institutional-ownership, amendment, transportation

TL;DR

**Wellington Management updated its stake in Knight-Swift, signaling a portfolio adjustment.**

AI Summary

Wellington Management Group LLP filed an amended SC 13G/A on February 8, 2024, indicating a change in their ownership of Knight-Swift Transportation Holdings Inc. common stock as of December 29, 2023. This filing updates their previous disclosure, showing their current stake in the trucking company. This matters to investors because it provides transparency into institutional ownership changes, which can signal confidence or concern from major investment firms regarding Knight-Swift's future performance.

Why It Matters

Changes in institutional ownership can influence stock price and reflect a major investor's updated view on a company's prospects.

Risk Assessment

Risk Level: low — This filing is a routine update on institutional ownership and does not inherently signal significant risk.

Analyst Insight

Investors should note Wellington Management's updated position in Knight-Swift Transportation Holdings Inc. and consider researching the reasons behind any significant changes in their stake, as this could reflect a shift in their investment thesis for the trucking sector or the company specifically.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)' sections.

Who is the subject company of this filing?

The subject company is Knight-Swift Transportation Holdings Inc., as indicated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Knight-Swift Transportation Holdings Inc.'

Who filed this SC 13G/A amendment?

Wellington Management Group LLP filed this amendment, as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WELLINGTON MANAGEMENT GROUP LLP'.

What is the CUSIP number for the securities discussed in this filing?

The CUSIP number for the Common Stock of Knight-Swift Transportation Holdings Inc. is 499049104, as listed under 'CUSIP Number'.

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 under 'Date of Event Which Requires Filing of this Statement'.

Filing Stats: 1,967 words · 8 min read · ~7 pages · Grade level 9.8 · Accepted 2024-02-08 10:21:26

Filing Documents

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. 1 ) * Knight-Swift Transportation Holdings Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 499049104 (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. 499049104 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 13,458,542 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 15,715,781 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,715,781 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.74% 12. TYPE OF REPORTING PERSON HC CUSIP No. 499049104 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 13,458,542 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 15,715,781 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,715,781 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.74% 12. TYPE OF REPORTING PERSON HC CUSIP No. 499049104 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 13,458,542 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 15,715,781 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,715,781 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.74% 12. TYPE OF REPORTING PERSON HC CUSIP No. 499049104 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 12,369,687 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 13,249,826 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,249,826 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.21% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Knight-Swift Transportation Holdings Inc. (b) Address of Issuer's Principal Executive Offices 2200 South 75th Avenue Phoenix, AZ 85043 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 499049104 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)

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