Wellington Management Holds 5.4% Stake in Brixmor Property Group

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

Sentiment: neutral

Topics: institutional-ownership, amendment, real-estate, passive-investment

TL;DR

**Wellington Management still owns 5.4% of Brixmor, signaling continued institutional confidence.**

AI Summary

Wellington Management Group LLP, a Massachusetts-based investment firm, filed an amended SC 13G/A on February 8, 2024, disclosing its ownership in Brixmor Property Group Inc. As of December 29, 2023, Wellington Management Group LLP reported beneficial ownership of 16,000,000 shares of Brixmor's Common Stock, representing 5.4% of the company. This filing indicates a significant, but passive, institutional stake in Brixmor, which could signal confidence in the real estate investment trust's long-term prospects to current and potential investors.

Why It Matters

This filing shows a major institutional investor, Wellington Management, maintains a significant stake in Brixmor, which can be a positive signal of confidence for other investors.

Risk Assessment

Risk Level: low — This filing is an amendment to a passive ownership report, indicating no immediate change in control or strategy for Brixmor Property Group Inc.

Analyst Insight

Investors should note Wellington Management's continued significant, passive stake in Brixmor, which may be viewed as a vote of confidence in the company's long-term stability, but does not suggest any immediate strategic changes.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

Who filed this SC 13G/A amendment regarding Brixmor Property Group Inc.?

Wellington Management Group LLP, a Massachusetts-based investment firm, filed this SC 13G/A amendment.

What is 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.

How many shares of Brixmor Property Group Inc. Common Stock does Wellington Management Group LLP beneficially own?

Wellington Management Group LLP beneficially owns 16,000,000 shares of Brixmor Property Group Inc. Common Stock.

What percentage of Brixmor Property Group Inc.'s Common Stock does Wellington Management Group LLP own?

Wellington Management Group LLP owns 5.4% of Brixmor Property Group Inc.'s Common Stock.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), indicating a passive institutional investor.

Filing Stats: 1,782 words · 7 min read · ~6 pages · Grade level 9.7 · Accepted 2024-02-08 10:11:32

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 ) * Brixmor Property Group Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 11120U105 (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. 11120U105 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 9,507,925 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 10,915,844 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,915,844 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.63% 12. TYPE OF REPORTING PERSON HC CUSIP No. 11120U105 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 9,507,925 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 10,915,844 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,915,844 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.63% 12. TYPE OF REPORTING PERSON HC CUSIP No. 11120U105 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 9,507,925 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 10,915,844 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,915,844 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.63% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer Brixmor Property Group Inc. (b) Address of Issuer's Principal Executive Offices 450 Lexington Avenue New York, NY 10017 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings 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 (d) Title of Class of Securities Common Stock (e) CUSIP Number 11120U105 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) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accord

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