Wellington Mgmt Amends Xenia Hotels Stake (SC 13G/A)
Ticker: XHR · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1616000
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Wellington Management just updated its Xenia Hotels stake, signaling a portfolio rebalance.**
AI Summary
Wellington Management Group LLP, a Massachusetts-based investment firm, filed an amended SC 13G/A on February 9, 2024, indicating a change in their ownership of Xenia Hotels & Resorts, Inc. common stock as of December 29, 2023. This filing, Amendment No. 5, updates their previous disclosures regarding their passive investment in the hotel and resort company. This matters to investors because it shows a significant institutional investor is adjusting its position, which can signal a change in their outlook on the stock's future performance.
Why It Matters
This filing reveals that a major institutional investor, Wellington Management Group LLP, has adjusted its holdings in Xenia Hotels & Resorts, Inc., which could influence market perception and trading activity for the stock.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate, significant risk to the company or its shareholders.
Analyst Insight
Investors should monitor future SC 13G/A filings from Wellington Management Group LLP to track their evolving position in Xenia Hotels & Resorts, Inc., as significant changes could indicate a shift in institutional sentiment.
Key Players & Entities
- Wellington Management Group LLP (company) — the reporting person and institutional investor
- Xenia Hotels & Resorts, Inc. (company) — the subject company whose common stock is being reported
- Massachusetts (company) — place of organization for Wellington Management Group LLP
- December 29, 2023 (date) — date of event requiring the filing
- February 9, 2024 (date) — date the SC 13G/A was filed
Forward-Looking Statements
- Wellington Management Group LLP will continue to hold a significant, but passive, stake in Xenia Hotels & Resorts, Inc. (Wellington Management Group LLP) — high confidence, target: 2025-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 5, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is Wellington Management Group LLP, as identified in Item 1 of the cover page and the 'FILED BY' section.
What is the subject company of this filing?
The subject company is Xenia Hotels & Resorts, Inc., as stated in the 'SUBJECT COMPANY' section and the 'Name of Issuer' on the cover page.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Xenia Hotels & Resorts, Inc. is 984017103, as listed on the cover page of the filing.
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 on the cover page.
Filing Stats: 1,972 words · 8 min read · ~7 pages · Grade level 9.8 · Accepted 2024-02-09 08:40:49
Filing Documents
- SEC13G_Filing.htm (SC 13G/A) — 35KB
- 0000902219-24-000287.txt ( ) — 37KB
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. 5 ) * Xenia Hotels & Resorts, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 984017103 (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. 984017103 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 7,554,713 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 10,137,079 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,137,079 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.64% 12. TYPE OF REPORTING PERSON HC CUSIP No. 984017103 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 7,554,713 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 10,137,079 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,137,079 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.64% 12. TYPE OF REPORTING PERSON HC CUSIP No. 984017103 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 7,554,713 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 10,137,079 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,137,079 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.64% 12. TYPE OF REPORTING PERSON HC CUSIP No. 984017103 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 7,482,164 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 9,600,123 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,600,123 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 IA Item 1. (a) Name of Issuer Xenia Hotels & Resorts, Inc. (b) Address of Issuer's Principal Executive Offices 200 South Orange Avenue, Suite 2700 Orlando, FL 32801 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 984017103 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) [ ] Insura