Wellington-affiliated holders own 16.9M shares of NOW Inc. (DNOW)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
NOW Inc. Schedule 13G/A amendment shows affiliated Wellington entities report beneficial ownership of 16,879,174 shares, representing 9.06% of common stock as disclosed in Item 4. The filing lists shared voting power of 13,301,543 and shared dispositive power of 16,879,174 as of 03/31/2026.
Positive
- None.
Negative
- None.
Insights
Wellington group discloses a substantial ~9% stake in NOW Inc.
The filing attributes 16,879,174 shares of beneficial ownership to Wellington-related entities with 13,301,543 shares of shared voting power. The schedule clarifies the ownership structure through parent and adviser entities.
Cash‑flow treatment and any planned dispositions are not stated; future Schedule 13D/13G amendments would disclose material changes in position.
Key Figures
Beneficial ownership: 16,879,174 shares
Percent of class: 9.06%
Shared voting power: 13,301,543 shares
3 metrics
Beneficial ownership
16,879,174 shares
reported as beneficially owned in Item 4
Percent of class
9.06%
Item 4(b) beneficial ownership percentage
Shared voting power
13,301,543 shares
shared voting power reported on cover pages
Key Terms
beneficially owned, shared dispositive power, parent holding company
3 terms
beneficially owned regulatory
"Amount beneficially owned: See the responses to Item 9 on the attached cover pages."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
parent holding company corporate
"Wellington Management Group LLP, as parent holding company of certain holding companies"
FAQ
What stake does Wellington report in DNOW (NOW Inc.)?
Wellington reports beneficial ownership of 16,879,174 shares (9.06%). The filing shows shared voting power of 13,301,543 and shared dispositive power of 16,879,174 as disclosed in Item 4 and the cover pages.
Which Wellington entities are named in the DNOW Schedule 13G/A?
The filing names Wellington Management Group LLP, Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP, and Wellington Management Company LLP. Each entity's citizenship and role are listed in Item 2 and Item 7.
Does the filing indicate sole voting or dispositive power for Wellington in DNOW?
No sole power is reported; the filing states 0 shares of sole voting and dispositive power and lists shared voting and dispositive powers in Item 6–8 of the cover pages.
Is the reported Wellington ownership held for third‑party clients?
Yes; the filing states the shares are owned of record by clients of Wellington investment advisers and held directly or indirectly by those clients, per Item 6 and Item 7 disclosures.
When was the ownership information reported for DNOW?
The amendment cover references 03/31/2026 and the signatures are dated 05/15/2026. The ownership figures are shown on the attached cover pages tied to those dates.