Wellington Mgmt Amends SAIC Stake; Passive Holding Update

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

Sentiment: neutral

Topics: institutional-ownership, passive-investing, amendment, portfolio-change

TL;DR

**Wellington Management Group LLP updated its passive stake in SAIC, signaling a portfolio adjustment.**

AI Summary

Wellington Management Group LLP, a major investment firm, filed an amendment to their SC 13G filing on February 8, 2024, indicating a change in their ownership of Science Applications International Corp (SAIC) common stock as of December 29, 2023. This update, Amendment No. 5, signals that Wellington Management Group LLP continues to hold a significant, but potentially adjusted, passive stake in SAIC. For investors, this matters because large institutional holdings can influence stock stability and signal confidence (or lack thereof) in the company's future prospects.

Why It Matters

This filing shows that a major institutional investor, Wellington Management Group LLP, is adjusting its passive ownership in Science Applications International Corp, which can impact market perception and trading activity.

Risk Assessment

Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate significant risk to the company or its stock.

Analyst Insight

Investors should note that a major institutional investor is adjusting its position, which could be a signal to review SAIC's recent performance and future outlook, but it doesn't necessarily warrant immediate action given the passive nature of the stake.

Key Players & Entities

Forward-Looking Statements

FAQ

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

This is an SC 13G/A filing, specifically Amendment No. 5. An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive institutional investors who own more than 5% but less than 20% of a company's stock, indicating a change in their ownership stake.

Who is the reporting person in this filing?

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

Which company's securities are being reported on in this filing?

The securities being reported on belong to Science Applications International Corp (SAIC), with a business address at 12010 Sunset Hills Road, Reston, VA.

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

The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023.

Under which rule was this Schedule 13G/A filed?

This Schedule 13G/A was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, which is typically used by qualified institutional investors who acquire beneficial ownership in the ordinary course of business and not with the purpose or effect of changing or influencing control of the issuer.

From the Filing

0000902219-24-000203.txt : 20240208 0000902219-24-000203.hdr.sgml : 20240208 20240208102253 ACCESSION NUMBER: 0000902219-24-000203 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: Science Applications International Corp CENTRAL INDEX KEY: 0001571123 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] ORGANIZATION NAME: 06 Technology IRS NUMBER: 461932921 STATE OF INCORPORATION: DE FISCAL YEAR END: 0202 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87837 FILM NUMBER: 24607407 BUSINESS ADDRESS: STREET 1: 12010 SUNSET HILLS ROAD CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 703-676-4300 MAIL ADDRESS: STREET 1: 12010 SUNSET HILLS ROAD CITY: RESTON STATE: VA ZIP: 20190 FORMER COMPANY: FORMER CONFORMED NAME: SAIC Gemini, Inc. DATE OF NAME CHANGE: 20130305 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. 5 ) * Science Applications International Corp (Name of Issuer) Common Stock (Title of Class of Securities) 808625107 (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. 808625107 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 3,352,941 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,062,059 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,062,059 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.80% 12. TYPE OF REPORTING PERSON HC CUSIP No. 808625107 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 3,352,941 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,062,059 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,062,059 10. CHECK IF T

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