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 ($20.0m this quarter). Holder counts are more reliable. Shares outstanding: 53.6m as of 2023-08-07, 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 ≈ $147.81. Options: 11 managers hold calls ($40.6m notional), 11 hold puts ($132.3m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 326 |
| Q4 2022 | 332 |
| Q1 2023 | 351 |
| Q2 2023 | 354 |
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 |
| Q2 2023 | 148 | 168 |
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 |
| Q2 2023 | $40.6m | $132.3m | 3.26 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +696.7k |
| Select Equity Group, L.P. | Added | +515.9k |
| AMERICAN CENTURY COMPANIES INC | Added | +255.9k |
| Boston Partners | Added | +160.7k |
| CITIGROUP INC | Added | +144.3k |
| PineStone Asset Management Inc. | Added | +124.5k |
| EdgePoint Investment Group Inc. | Added | +106.4k |
| FERNBRIDGE CAPITAL MANAGEMENT LP | New | +102.6k |
| BANK OF MONTREAL /CAN/ | Added | +93.5k |
| ALLIANCEBERNSTEIN L.P. | Added | +90.4k |
Biggest sellers
| Sarasin & Partners LLP | Reduced | -1.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -533.6k |
| CITADEL ADVISORS LLC | Reduced | -525.6k |
| Capital World Investors | Sold out | -449.5k |
| FMR LLC | Reduced | -339.7k |
| Thrivent Financial for Lutherans | Reduced | -295.4k |
| Point72 Asset Management, L.P. | Reduced | -289.8k |
| BlackRock Inc. | Reduced | -177.5k |
| Hudson Bay Capital Management LP | Reduced | -157.9k |
| Assenagon Asset Management S.A. | Reduced | -145.2k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $10.1m68.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $10.1m68.1k shares |
| Walleye Trading LLC | Added | $5.5m37.4k shares |
| SIMPLEX TRADING, LLC | Added | $4.6m30.8k shares |
| Caption Management, LLC | New | $3.7m25.0k shares |
| JANE STREET GROUP, LLC | Added | $3.3m22.3k shares |
| WOLVERINE TRADING, LLC | Added | $2.4m16.3k shares |
| Walleye Capital LLC | New | $458.3k3.1k shares |
| TWO SIGMA SECURITIES, LLC | New | $310.4k2.1k shares |
| GROUP ONE TRADING LLC | Added | $118.3k800 shares |
Biggest puts
| Portman Square Capital LLP | Reduced | $107.3m726.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.4m36.3k shares |
| Parallax Volatility Advisers, L.P. | New | $4.9m33.2k shares |
| Walleye Trading LLC | Added | $4.6m31.0k shares |
| SIMPLEX TRADING, LLC | Added | $4.3m29.3k shares |
| CITADEL ADVISORS LLC | Added | $4.0m27.2k shares |
| JANE STREET GROUP, LLC | Added | $1.1m7.6k shares |
| WOLVERINE TRADING, LLC | New | $324.5k2.2k shares |
| TWO SIGMA SECURITIES, LLC | New | $221.7k1.5k shares |
| Walleye Capital LLC | New | $73.9k500 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2023 | 0 | — | 2 | $195.4k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-05-23 | Palisi Chapin Sarah Director | Sold | $35.2k250 shares |
| 2023-05-22 | MILLER JOHN R III Director | Sold | $160.2k1.1k 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, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Select Equity Group, L.P. 2.94% of their portfolio | 5.3m $783.3m | Added +515.9k |
| VANGUARD GROUP INC 0.02% of their portfolio | 5.1m $748.8m | Reduced -57.8k |
| BlackRock Inc. 0.02% of their portfolio | 4.4m $656.7m | Reduced -177.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.09% of their portfolio | 3.2m $478.8m | Added +42.2k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 2.9m $425.9m | Added +696.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.44% of their portfolio | 2.7m $402.7m | Reduced -16.1k |
| EdgePoint Investment Group Inc. 2.66% of their portfolio | 2.0m $295.5m | Added +106.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 1.6m $238.8m | Reduced -533.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.31% of their portfolio | 1.5m $225.9m | Reduced -52.6k |
| STATE STREET CORP 0.01% of their portfolio | 1.5m $214.5m | Reduced -25.4k |
| Fiera Capital Corp 0.57% of their portfolio | 1.3m $198.0m | Reduced -29.5k |
| TURTLE CREEK ASSET MANAGEMENT INC. 5.49% of their portfolio | 1.3m $191.5m | Added +59.1k |
| ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio | 1.2m $170.7m | Added +90.4k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.1m $165.1m | Added +65.9k |
| MORGAN STANLEY 0.01% of their portfolio | 983.4k $145.4m | Added +49.7k |
| Sarasin & Partners LLP 1.48% of their portfolio | 864.5k $127.8m | Reduced -1.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 825.5k $122.0m | Added +29.6k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 595.3k $88.0m | Added +22.3k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 576.7k $85.8m | Added +93.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 460.4k $68.1m | Reduced -15.4k |
| Balyasny Asset Management L.P. 0.17% of their portfolio | 410.2k $60.6m | Reduced -122.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 398.4k $58.9m | Reduced -13.4k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 375.8k $55.6m | Reduced -82.7k |
| Boston Partners 0.07% of their portfolio | 354.2k $52.3m | Added +160.7k |
| LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio | 344.3k $50.9m | Added +64.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 318.1k $47.0m | Reduced -2.3k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 302.8k $44.8m | Added +255.9k |
| ARIEL INVESTMENTS, LLC 0.41% of their portfolio | 290.4k $42.9m | Reduced -693 |
| Portman Square Capital LLP 7.31% of their portfolio | 281.3k $41.6m | Reduced -71.9k |
| Thrivent Financial for Lutherans 0.09% of their portfolio | 262.6k $38.8m | Reduced -295.4k |
| ArrowMark Colorado Holdings LLC 0.41% of their portfolio | 254.7k $37.7m | Added +18.0k |
| Impax Asset Management Group plc 0.15% of their portfolio | 253.2k $37.4m | Added +58.4k |
| Clark Capital Management Group, Inc. 0.33% of their portfolio | 251.2k $37.1m | Added +67.5k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 241.5k $35.7m | Reduced -116.1k |
| HighTower Advisors, LLC 0.07% of their portfolio | 235.8k $34.9m | Added +6.3k |
| CITIGROUP INC 0.04% of their portfolio | 231.1k $34.2m | Added +144.3k |
| FMR LLC 0.00% of their portfolio | 217.3k $32.1m | Reduced -339.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 200.9k $29.7m | Reduced -12.3k |
| Credential Qtrade Securities Inc. 1.86% of their portfolio | 200.2k $29.6m | Added +8.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio | 194.0k $28.7m | Reduced -80.0k |
| Polar Asset Management Partners Inc. 0.55% of their portfolio | 185.9k $27.5m | Reduced -28.4k |
| California Public Employees Retirement System 0.02% of their portfolio | 182.8k $27.0m | Reduced -5.4k |
| PineStone Asset Management Inc. 1.27% of their portfolio | 177.8k $26.3m | Added +124.5k |
| TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio | 170.1k $25.1m | Added +15.3k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 160.0k $23.7m | Added +1.3k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 155.3k $23.0m | Reduced -17.7k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 152.9k $22.6m | Added +83.9k |
| Point72 Asset Management, L.P. 0.08% of their portfolio | 152.6k $22.6m | Reduced -289.8k |
| Assenagon Asset Management S.A. 0.09% of their portfolio | 151.7k $22.4m | Reduced -145.2k |
| LOOMIS SAYLES & CO L P 0.04% of their portfolio | 149.3k $22.1m | Reduced -5.2k |
| Boston Trust Walden Corp 0.18% of their portfolio | 148.9k $22.0m | Added +9.4k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 127.5k $18.8m | Added +52.2k |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 127.1k $18.8m | Added +8.8k |
| GREAT LAKES ADVISORS, LLC 0.18% of their portfolio | 122.7k $18.1m | Added +319 |
| Advantage Alpha Capital Partners LP 3.02% of their portfolio | 118.3k $15.1m | Added +63.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.05% of their portfolio | 113.1k $16.7m | Added +15.1k |
| Invesco Ltd. 0.00% of their portfolio | 111.6k $16.5m | Reduced -4.6k |
| Swiss National Bank 0.01% of their portfolio | 111.0k $16.4m | Added +500 |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 109.3k $16.2m | Reduced -4.2k |
| Dixon Mitchell Investment Counsel Inc. 0.92% of their portfolio | 108.8k $16.1m | Reduced -250 |
| FERNBRIDGE CAPITAL MANAGEMENT LP 1.50% of their portfolio | 102.6k $15.2m | New |
| Cubist Systematic Strategies, LLC 0.17% of their portfolio | 102.1k $15.1m | Added +87.6k |
| Squarepoint Ops LLC 0.08% of their portfolio | 101.2k $15.0m | Added +75.9k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 97.1k $14.4m | Added +53.2k |
| BARCLAYS PLC 0.01% of their portfolio | 90.9k $13.4m | Added +31.0k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 86.9k $12.8m | Reduced -52.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 86.2k $12.6m | Unchanged |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 82.0k $12.1m | Reduced -525.6k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.28% of their portfolio | 81.3k $12.0m | Added +39.9k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.07% of their portfolio | 80.7k $11.9m | Reduced -2.4k |
| Legal & General Group Plc 0.00% of their portfolio | 80.3k $11.9m | Reduced -2.4k |
| Man Group plc 0.04% of their portfolio | 77.6k $11.5m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 71.2k $10.5m | Added +7.7k |
| BURNEY CO/ 0.48% of their portfolio | 71.1k $10.5m | Reduced -19.7k |
| Retirement Systems of Alabama 0.05% of their portfolio | 69.0k $10.2m | Reduced -1.4k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 65.2k $9.6m | Added +38.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 65.2k $9.6m | Reduced -2.3k |
| NORGES BANK 0.00% of their portfolio | 64.8k $9.6m | Reduced -5.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 63.9k $9.5m | Reduced -2.0k |
| Canoe Financial LP 0.20% of their portfolio | 63.8k $9.4m | Added +7.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 62.9k $9.3m | Reduced -2.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 62.4k $9.2m | New |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 58.8k $8.7m | Added +5.8k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 58.0k $8.6m | Added +25.0k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 56.1k $8.3m | Added +23.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 55.8k $8.2m | Reduced -697 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 53.6k $7.9m | Reduced -200 |
| Vident Investment Advisory, LLC 0.27% of their portfolio | 52.7k $7.8m | Added +574 |
| SG Americas Securities, LLC 0.07% of their portfolio | 52.1k $7.7m | Added +23.6k |
| GABELLI FUNDS LLC 0.06% of their portfolio | 50.0k $7.4m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 49.9k $7.4m | Reduced -7.0k |
| PNC Financial Services Group, Inc. 0.01% of their portfolio | 49.4k $7.3m | Reduced -126 |
| Addenda Capital Inc. 0.31% of their portfolio | 49.3k $7.3m | Reduced -10.1k |
| Leith Wheeler Investment Counsel Ltd. 0.94% of their portfolio | 48.6k $7.2m | Added +230 |
| TEXAS PERMANENT SCHOOL FUND CORP 0.06% of their portfolio | 47.1k $7.0m | Reduced -1.2k |
| Hudson Bay Capital Management LP 0.07% of their portfolio | 44.1k $6.5m | Reduced -157.9k |
| TRILLIUM ASSET MANAGEMENT, LLC 0.18% of their portfolio | 42.7k $6.3m | Added +10.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 41.8k $6.2m | Reduced -1.6k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 39.2k $5.8m | Added +1.4k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 38.9k $5.7m | Reduced -4.5k |