Wellington discloses 5.8% in Metropolitan Bank Holding Corp. (MCB)
Rhea-AI Filing Summary
Wellington Management Group LLP and related entities have disclosed a passive ownership stake in Metropolitan Bank Holding Corp. (MCB). They report beneficial ownership of 592,799 shares of common stock, representing 5.8% of the outstanding class as of the event date.
The filing shows Wellington has no sole voting or dispositive power over these shares; all voting and investment authority is shared. The securities are owned of record by Wellington investment-advisory clients, and no single client holds more than five percent of the class. Wellington certifies the position is held in the ordinary course of business and not to change or influence control of the company.
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FAQ
What stake does Wellington hold in Metropolitan Bank Holding Corp. (MCB)?
Wellington entities report beneficial ownership of 592,799 MCB common shares, equal to 5.8% of the class. This ownership is reported on a Schedule 13G, indicating a passive investment position rather than an attempt to influence or control Metropolitan Bank Holding Corp.
Which Wellington entities are reporting ownership in MCB?
The filing lists Wellington Management Group LLP and three affiliates as reporting persons. These are Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP, and Wellington Management Company LLP, each reporting the same 592,799 shares with shared voting and dispositive power over Metropolitan Bank Holding Corp. stock.
Is Wellington’s stake in MCB a passive or activist investment?
Wellington characterizes its MCB stake as a passive investment held in the ordinary course of business. The certification states the securities were not acquired and are not held for the purpose of changing or influencing control of Metropolitan Bank Holding Corp., consistent with a Schedule 13G filing.
What is the relevant date for Wellington’s reported MCB ownership?
The Schedule 13G states the date of the event requiring the filing as December 31, 2025. As of that date, Wellington and its affiliates collectively reported beneficial ownership of 592,799 Metropolitan Bank Holding Corp. common shares, representing 5.8% of the outstanding class.