Wellington discloses 6.9% YETI Holdings (YETI) stake in amended 13G
Rhea-AI Filing Summary
YETI Holdings, Inc. received an amended Schedule 13G from several Wellington-affiliated entities reporting a significant institutional position in its common stock. The group reports beneficial ownership of 5,386,954 shares of YETI common stock, representing 6.9% of the outstanding class.
The Wellington entities report no sole voting or dispositive power, but shared voting power over 3,694,845 shares and shared dispositive power over up to 5,386,954 shares, held across investment-advisory clients. The securities are owned of record by clients of Wellington investment advisers, and no single client is known to hold more than five percent of the class.
The filing states the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of YETI.
Positive
- None.
Negative
- None.
FAQ
What stake in YETI (YETI) do Wellington entities report in this Schedule 13G/A?
Wellington-affiliated entities report beneficial ownership of 5,386,954 shares of YETI common stock, representing 6.9% of the outstanding class. These shares are held across clients of various Wellington investment advisers, with Wellington entities exercising shared voting and/or dispositive power over the position.
Which Wellington entities are reporting ownership of YETI (YETI) shares?
The filing lists Wellington Management Group LLP, Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP, and Wellington Management Company LLP. These related entities act as parent holding companies and investment advisers overseeing client accounts that own YETI common stock.
Do Wellington entities claim control intent over YETI (YETI) in this filing?
No. The certification states the YETI securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of YETI, nor as part of any transaction aimed at obtaining such control.
How are voting and dispositive powers over YETI (YETI) shares allocated in the filing?
The Wellington entities report 0 shares with sole voting or sole dispositive power. They report shared voting power over 3,694,845 shares and shared dispositive power over up to 5,386,954 shares, reflecting authority exercised on behalf of advisory clients.
Who ultimately owns the YETI (YETI) shares referenced in Wellington’s Schedule 13G/A?
The YETI shares are owned of record by clients of one or more Wellington investment advisers. Wellington Management Group LLP and related holding companies control the advisers, but the economic benefits and dividend or sale proceeds accrue to those underlying clients.
Does any single Wellington client hold more than 5% of YETI (YETI) shares?
The filing states that no individual client is known to have the right to receive dividends or sale proceeds for more than five percent of YETI’s common stock. The reported 6.9% position is spread across multiple advisory clients.