Wellington Management Discloses Passive Stake in Alkermes plc.

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

Sentiment: bullish

Topics: institutional-ownership, passive-investment, pharmaceuticals, SC-13G

TL;DR

**Wellington Management just revealed a big, passive stake in Alkermes, signaling institutional confidence.**

AI Summary

Wellington Management Group LLP, a major investment firm, filed an SC 13G on February 8, 2024, disclosing its ownership of Alkermes plc. (NASDAQ: ALKS) Common Stock as of December 29, 2023. This filing indicates that Wellington Management holds a significant, though passive, stake in Alkermes, a pharmaceutical company. This matters to investors because it signals that a large, sophisticated institutional investor sees value in Alkermes, potentially boosting confidence in the stock.

Why It Matters

This filing shows that a major institutional investor, Wellington Management, has a significant position in Alkermes, which can be seen as a vote of confidence in the company's future prospects.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces rather than increases risk for existing shareholders.

Analyst Insight

A smart investor would view this as a positive signal, suggesting that a reputable institutional investor sees value in Alkermes. It might prompt further research into Alkermes' fundamentals and recent performance.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this and what does it generally indicate?

This is an SC 13G filing, which is used by institutional investors to report beneficial ownership of 5% or more of a company's stock when they hold the shares passively, meaning they don't intend to influence or control the company.

Who is the reporting person in this SC 13G filing?

The reporting person is WELLINGTON MANAGEMENT GROUP LLP, with a business address at C/O WELLINGTON MANAGEMENT COMPANY LLP, 280 CONGRESS STREET, BOSTON, MA 02210.

Which company's stock is the subject of this filing?

The subject company is Alkermes plc., a pharmaceutical preparations company with CIK 0001520262 and CUSIP Number G01767105.

What was the 'Date of Event Which Requires Filing of this Statement'?

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), which is typically used by qualified institutional investors who acquire beneficial ownership of more than 5% but less than 20% of a class of equity securities in the ordinary course of business and without the purpose or effect of changing or influencing control of the issuer.

Filing Stats: 1,971 words · 8 min read · ~7 pages · Grade level 10 · Accepted 2024-02-08 10:03:08

Filing Documents

From the Filing

SC 13G 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. _ ) * Alkermes Public Limited Company (Name of Issuer) Common Stock (Title of Class of Securities) G01767105 (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. G01767105 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 14,620,492 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 15,241,470 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,241,470 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.13% 12. TYPE OF REPORTING PERSON HC CUSIP No. G01767105 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 14,620,492 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 15,241,470 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,241,470 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.13% 12. TYPE OF REPORTING PERSON HC CUSIP No. G01767105 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 14,620,492 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 15,241,470 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,241,470 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.13% 12. TYPE OF REPORTING PERSON HC CUSIP No. G01767105 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 14,508,224 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 14,948,347 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,948,347 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.96% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Alkermes Public Limited Company (b) Address of Issuer's Principal Executive Offices Connaught House 1 Burlington Road Dublin 4, L2 00000 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 G01767105 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). (c) [

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