Wellington Discloses 271,768 SPT Shares (~0.52%) in Schedule 13G/A
Sprout Social's Schedule 13G/A shows Wellington Management entities collectively reporting beneficial ownership of 271,768 shares of Sprout Social common stock, representing about 0.5% of the class (Item 4(b) reports 0.52%).
Rhea-AI Filing Summary
Sprout Social's Schedule 13G/A shows Wellington Management entities collectively reporting beneficial ownership of 271,768 shares of Sprout Social common stock, representing about 0.5% of the class (Item 4(b) reports 0.52%). The filing reports 0 shares of sole voting power and sole dispositive power, 215,034 shares of shared voting power, and 271,768 shares of shared dispositive power. The securities are owned of record by clients of Wellington investment advisers and are held in the ordinary course of business. The filing identifies the Wellington entities and advisers involved and is a routine disclosure for holdings below 5%.
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Insights
TL;DR: Routine Schedule 13G/A: Wellington reports a small, passive stake of 271,768 SPT shares with no sole control.
The filing documents Wellington Management Group LLP, Wellington Group Holdings LLP, and Wellington Investment Advisors Holdings LLP as reporting persons that collectively beneficially own 271,768 shares of Sprout Social common stock. The position represents roughly 0.5%–0.52% of the class. All sole voting and dispositive powers are reported as 0, while shared voting power is 215,034 and shared dispositive power equals 271,768. This indicates client-owned accounts under Wellington advisers and a passive holding reported under Schedule 13G/A rather than an activist Schedule 13D. The position is below 5% and appears non-control in nature.
TL;DR: Disclosure identifies ownership chain and confirms holdings are held in the ordinary course without intent to influence control.
The Schedule 13G/A names the chain of Wellington entities and lists the relevant investment advisers that manage the record accounts. Item 6 states the securities are owned of record by clients of the Wellington Investment Advisers and that no client is known to hold over 5% of the class. Item 10 contains the certification that the securities are held in the ordinary course of business and not to influence control. For governance purposes, the filing signals passive, client-driven ownership rather than coordinated control activity.
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