MIDDLEBY CORP MIDD
COM · Common Stock · CUSIP 596278101 · ISIN US5962781010
American cooking and industrial process equipment company
- SectorIndustrials
- IndustryRefrigeration & Service Industry Machinery
- HeadquartersElgin, IL
- Founded1888
- Websitemiddleby.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($10.2m this quarter). Holder counts are more reliable. Shares outstanding: 53.6m as of 2023-02-27, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $148.26. Options: 8 managers hold calls ($19.6m notional), 8 hold puts ($126.0m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 326 |
| Q4 2022 | 332 |
| Q1 2023 | 351 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 132 | 158 |
| Q1 2023 | 172 | 128 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $38.4m | $31.9m | 0.83 |
| Q4 2022 | $19.6m | $80.5m | 4.10 |
| Q1 2023 | $19.6m | $126.0m | 6.43 |
Biggest buyers
| Sarasin & Partners LLP | Added | +1.6m |
| FMR LLC | Added | +540.1k |
| Point72 Asset Management, L.P. | Added | +354.4k |
| Balyasny Asset Management L.P. | Added | +350.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | New | +274.0k |
| Portman Square Capital LLP | Added | +260.8k |
| Select Equity Group, L.P. | Added | +246.2k |
| Polar Asset Management Partners Inc. | New | +214.3k |
| Assenagon Asset Management S.A. | Added | +192.4k |
| Clark Capital Management Group, Inc. | New | +183.6k |
Biggest sellers
| Brookfield Corp /ON/ | Sold out | -2.1m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -881.4k |
| JPMORGAN CHASE & CO | Reduced | -438.8k |
| AMERIPRISE FINANCIAL INC | Reduced | -330.6k |
| Alyeska Investment Group, L.P. | Sold out | -258.0k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -233.8k |
| PICTET ASSET MANAGEMENT SA | Reduced | -190.4k |
| BANK OF NOVA SCOTIA | Reduced | -187.5k |
| GOLDMAN SACHS GROUP INC | Reduced | -165.5k |
| EdgePoint Investment Group Inc. | Reduced | -147.5k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $7.8m52.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.9m46.9k shares |
| JANE STREET GROUP, LLC | Added | $2.3m15.8k shares |
| Walleye Trading LLC | Added | $1.5m10.4k shares |
| SIMPLEX TRADING, LLC | Added | $747.0k5.1k shares |
| WOLVERINE TRADING, LLC | New | $330.0k2.3k shares |
| GROUP ONE TRADING LLC | Reduced | $58.6k400 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Portman Square Capital LLP | Added | $118.1m805.2k shares |
| CITADEL ADVISORS LLC | Reduced | $3.3m22.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.1m14.4k shares |
| SIMPLEX TRADING, LLC | Added | $1.2m8.3k shares |
| JANE STREET GROUP, LLC | Reduced | $1.1m7.4k shares |
| Walleye Trading LLC | Added | $263.9k1.8k shares |
| GROUP ONE TRADING LLC | New | $29.3k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution +2.1 pts · filed 2026-05-15 | 13.6% |
Garden Investment Management, L.P.
13D · may seek influence
+0.8 pts · filed 2026-01-06
Stated purposeItem 4 of the Schedule 13D is hereby amended as follows: On January 6, 2026, GIM entered into an amendment to the Cooperation Agreement with the Issuer (the "Cooperation Agreement Amendment"), pursuant to which and subject to the terms set forth therein (i) the Issuer agreed to include Edward P. Garden in the Issuer's slate of director nominees for its 2026 Annual Meeting of Stockholders (the "2026 Annual Meeting") and to recommend, support and solicit proxies for the election of Mr. Garden at the 2026 Annual Meeting, (ii) the Standstill Period (as defined in the Cooperation Agreement) was extended until the earlier of Mr. Garden ceasing to serve on the Board or 45 days prior to the advance notice deadline for the Company's 2027 annual meeting of stockholders, and (iii) GIM's voting commi… Full filing |
6.7% |
Fell to 5% or below in the last year: JPMORGAN CHASE & CO (4.5%, 2026-10-13), VANGUARD CAPITAL MANAGEMENT LLC (4.8%, 2026-07-31), Select Equity Group, L.P. (3.3%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-27), WELLINGTON MANAGEMENT GROUP LLP (2.6%, 2026-02-10)
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $54.9k | — |
| Q1 2022 | 1 | $101.3k | 1 | $460.9k | — |
| Q2 2022 | 3 | $1.5m | 0 | — | — |
| Q3 2022 | 0 | — | 2 | $149.0k | — |
| Q4 2022 | 0 | — | 2 | $230.0k | — |
| Q1 2023 | 0 | — | 1 | $47.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-06 | Palisi Chapin Sarah Director | Sold | $47.2k300 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 5.1m $751.1m | Added +86.8k |
| Select Equity Group, L.P. 2.64% of their portfolio | 4.8m $701.2m | Added +246.2k |
| BlackRock Inc. 0.02% of their portfolio | 4.6m $677.3m | Added +53.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.09% of their portfolio | 3.2m $468.6m | Reduced -881.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.45% of their portfolio | 2.7m $401.8m | Added +88.8k |
| Sarasin & Partners LLP 2.56% of their portfolio | 2.6m $476.1m | Added +1.6m |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 2.2m $320.3m | Reduced -438.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 2.1m $315.1m | Reduced -22.5k |
| EdgePoint Investment Group Inc. 2.78% of their portfolio | 1.9m $277.5m | Reduced -147.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.33% of their portfolio | 1.6m $227.8m | Reduced -9.3k |
| STATE STREET CORP 0.01% of their portfolio | 1.5m $216.5m | Added +28.3k |
| Fiera Capital Corp 0.60% of their portfolio | 1.4m $200.7m | Reduced -14.2k |
| TURTLE CREEK ASSET MANAGEMENT INC. 5.61% of their portfolio | 1.2m $181.2m | Added +7.4k |
| ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio | 1.1m $156.1m | Reduced -233.8k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.1m $154.1m | Added +105.5k |
| MORGAN STANLEY 0.01% of their portfolio | 933.6k $136.9m | Reduced -28.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 795.8k $116.7m | Added +25.9k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 607.6k $89.1m | Reduced -121.1k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 573.0k $84.0m | Added +16.6k |
| Thrivent Financial for Lutherans 0.20% of their portfolio | 558.0k $81.8m | Reduced -21.1k |
| FMR LLC 0.00% of their portfolio | 557.0k $81.7m | Added +540.1k |
| Balyasny Asset Management L.P. 0.26% of their portfolio | 532.8k $78.1m | Added +350.8k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 483.2k $70.9m | Added +8.9k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 475.9k $69.8m | Reduced -2.9k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 458.5k $67.2m | Reduced -330.6k |
| Capital World Investors 0.01% of their portfolio | 449.5k $65.9m | Unchanged |
| Point72 Asset Management, L.P. 0.23% of their portfolio | 442.4k $64.9m | Added +354.4k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 411.8k $60.4m | Added +4.5k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 357.7k $52.4m | Added +160.2k |
| Portman Square Capital LLP 13.02% of their portfolio | 353.2k $51.8m | Added +260.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 320.3k $47.0m | Added +1.2k |
| Assenagon Asset Management S.A. 0.17% of their portfolio | 296.9k $43.5m | Added +192.4k |
| ARIEL INVESTMENTS, LLC 0.41% of their portfolio | 291.1k $42.7m | Added +4.3k |
| LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio | 280.2k $41.1m | Added +29.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio | 274.0k $40.2m | New |
| ArrowMark Colorado Holdings LLC 0.39% of their portfolio | 236.7k $34.7m | Reduced -1.6k |
| HighTower Advisors, LLC 0.07% of their portfolio | 229.6k $33.7m | Added +595 |
| Polar Asset Management Partners Inc. 0.56% of their portfolio | 214.3k $31.4m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 213.3k $31.3m | Added +1.8k |
| Hudson Bay Capital Management LP 0.17% of their portfolio | 202.0k $29.6m | Added +73.4k |
| Impax Asset Management Group plc 0.12% of their portfolio | 194.8k $28.6m | Added +64.8k |
| Boston Partners 0.04% of their portfolio | 193.5k $28.4m | Reduced -3.7k |
| Credential Qtrade Securities Inc. 1.87% of their portfolio | 192.2k $28.2m | Added +16.4k |
| California Public Employees Retirement System 0.02% of their portfolio | 188.2k $27.6m | Reduced -18.6k |
| Clark Capital Management Group, Inc. 0.30% of their portfolio | 183.6k $26.9m | New |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 172.9k $25.4m | Added +81.8k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 158.7k $23.3m | Reduced -2.0k |
| TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio | 154.8k $22.7m | New |
| LOOMIS SAYLES & CO L P 0.04% of their portfolio | 154.5k $22.6m | Reduced -639 |
| Boston Trust Walden Corp 0.18% of their portfolio | 139.5k $20.5m | Added +3.3k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 139.2k $20.4m | Added +96.3k |
| GREAT LAKES ADVISORS, LLC 0.16% of their portfolio | 122.4k $17.9m | Reduced -5.9k |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 118.3k $17.3m | Added +1.9k |
| Invesco Ltd. 0.00% of their portfolio | 116.2k $17.0m | Reduced -32.5k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 113.5k $16.6m | Added +747 |
| Swiss National Bank 0.01% of their portfolio | 110.5k $16.2m | Reduced -13.2k |
| Dixon Mitchell Investment Counsel Inc. 1.00% of their portfolio | 109.1k $16.0m | Reduced -30 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 98.0k $14.4m | Reduced -2.5k |
| BURNEY CO/ 0.66% of their portfolio | 90.8k $13.3m | Added +37.1k |
| CITIGROUP INC 0.02% of their portfolio | 86.8k $12.7m | Added +473 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 86.2k $12.6m | Added +712 |
| AMERICAN INTERNATIONAL GROUP, INC. 0.08% of their portfolio | 83.2k $12.2m | Reduced -779 |
| Legal & General Group Plc 0.00% of their portfolio | 82.6k $12.1m | Added +3.3k |
| Qube Research & Technologies Ltd 0.06% of their portfolio | 75.3k $11.0m | New |
| Verition Fund Management LLC 0.17% of their portfolio | 70.6k $10.4m | New |
| Retirement Systems of Alabama 0.04% of their portfolio | 70.4k $10.3m | Reduced -615 |
| NORGES BANK 0.00% of their portfolio | 70.4k $10.3m | Added +15.4k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 69.1k $10.1m | Added +20.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 67.6k $9.9m | Reduced -395 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 65.9k $9.7m | Added +6.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 65.2k $9.6m | Reduced -1.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 63.6k $9.3m | Added +3.0k |
| BARCLAYS PLC 0.01% of their portfolio | 59.9k $8.8m | Added +4.7k |
| Addenda Capital Inc. 0.36% of their portfolio | 59.3k $8.7m | Reduced -590 |
| Epoch Investment Partners, Inc. 0.05% of their portfolio | 58.9k $8.6m | Reduced -39.3k |
| NATIXIS 0.08% of their portfolio | 58.7k $8.6m | Added +11.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 56.9k $8.3m | Reduced -165.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 56.5k $8.3m | Reduced -3.2k |
| Canoe Financial LP 0.12% of their portfolio | 56.3k $8.2m | First filing |
| Advantage Alpha Capital Partners LP 1.67% of their portfolio | 54.8k $8.0m | Reduced -30.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 53.8k $7.9m | Reduced -100 |
| PineStone Asset Management Inc. 0.19% of their portfolio | 53.3k $7.8m | Unchanged |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 53.0k $7.8m | Added +771 |
| Lighthouse Investment Partners, LLC 0.67% of their portfolio | 52.7k $7.7m | Added +11.4k |
| Vident Investment Advisory, LLC 0.25% of their portfolio | 52.1k $7.6m | Added +6.6k |
| ExodusPoint Capital Management, LP 0.09% of their portfolio | 51.4k $7.5m | New |
| GABELLI FUNDS LLC 0.06% of their portfolio | 50.0k $7.3m | Unchanged |
| PNC Financial Services Group, Inc. 0.01% of their portfolio | 49.6k $7.3m | Added +237 |
| Leith Wheeler Investment Counsel Ltd. 1.04% of their portfolio | 48.3k $7.1m | Added +340 |
| TEXAS PERMANENT SCHOOL FUND CORP 0.07% of their portfolio | 48.3k $7.1m | Added +12.1k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 46.9k $6.8m | Added +44.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 44.8k $6.6m | Added +33.5k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 43.9k $6.4m | Reduced -26.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 43.5k $6.4m | Reduced -144 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 43.4k $6.4m | Reduced -909 |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 42.0k $6.2m | Reduced -606 |
| KENNEDY CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 41.4k $6.1m | Added +2.8k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 37.8k $5.5m | Added +85 |
| Man Group plc 0.02% of their portfolio | 37.5k $5.5m | New |
| AMALGAMATED BANK 0.05% of their portfolio | 37.4k $5.5m | Reduced -5.3k |