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 ($15.5m this quarter). Holder counts are more reliable. Shares outstanding: 50.4m as of 2025-11-03, 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 ≈ $132.96. Options: 4 managers hold calls ($7.1m notional), 6 hold puts ($14.9m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 326 |
| Q4 2022 | 332 |
| Q1 2023 | 351 |
| Q2 2023 | 354 |
| Q3 2023 | 344 |
| Q4 2023 | 347 |
| Q1 2024 | 371 |
| Q2 2024 | 358 |
| Q3 2024 | 388 |
| Q4 2024 | 393 |
| Q1 2025 | 412 |
| Q2 2025 | 428 |
| Q3 2025 | 425 |
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 2023 | 154 | 166 |
| Q1 2024 | 190 | 132 |
| Q2 2024 | 174 | 184 |
| Q3 2024 | 201 | 158 |
| Q4 2024 | 164 | 190 |
| Q1 2025 | 204 | 177 |
| Q2 2025 | 201 | 201 |
| Q3 2025 | 170 | 245 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $49.5m | $395.6m | 7.99 |
| Q1 2025 | $180.4m | $358.4m | 1.99 |
| Q2 2025 | $184.3m | $347.8m | 1.89 |
| Q3 2025 | $7.1m | $14.9m | 2.11 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +1.4m |
| Invesco Ltd. | Added | +929.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +675.5k |
| D. E. Shaw & Co., Inc. | Added | +596.3k |
| SG Capital Management LLC | New | +415.7k |
| ARIEL INVESTMENTS, LLC | Added | +338.5k |
| MARSHALL WACE, LLP | Added | +303.3k |
| MILLENNIUM MANAGEMENT LLC | Added | +135.9k |
| Holocene Advisors, LP | Added | +134.9k |
| DIMENSIONAL FUND ADVISORS LP | Added | +123.9k |
Biggest sellers
| BANK OF AMERICA CORP /DE/ | Reduced | -1.8m |
| BANK OF MONTREAL /CAN/ | Reduced | -754.3k |
| Select Equity Group, L.P. | Reduced | -531.1k |
| MORGAN STANLEY | Reduced | -491.9k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -481.0k |
| CITADEL ADVISORS LLC | Reduced | -400.8k |
| BlackRock, Inc. | Reduced | -389.0k |
| VANGUARD GROUP INC | Reduced | -362.3k |
| DEUTSCHE BANK AG\ | Reduced | -353.0k |
| JANE STREET GROUP, LLC | Reduced | -240.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.7m27.6k shares |
| JPMORGAN CHASE & CO | Reduced | $2.2m16.6k shares |
| CITADEL ADVISORS LLC | Reduced | $983.7k7.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $199.0k1.5k shares |
Biggest puts
| JANE STREET GROUP, LLC | Reduced | $8.4m63.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.2m24.2k shares |
| SIMPLEX TRADING, LLC | Added | $1.8m13.9k shares |
| CITADEL ADVISORS LLC | Reduced | $917.2k6.9k shares |
| WOLVERINE TRADING, LLC | Unchanged | $320.4k2.4k shares |
| Squarepoint Ops LLC | New | $212.7k1.6k 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 Q3 2025
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 |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 1 | $20.3k | — |
| Q1 2024 | 0 | — | 2 | $206.1k | — |
| Q2 2024 | 0 | — | 2 | $304.1k | — |
| Q3 2024 | 0 | — | 1 | $27.4k | — |
| Q4 2024 | 0 | — | 2 | $105.0k | — |
| Q1 2025 | 0 | — | 1 | $81.8k | — |
| Q2 2025 | 2 | $93.8m | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 4.4m $586.7m | Reduced -362.3k |
| BlackRock, Inc. 0.01% of their portfolio | 4.3m $565.5m | Reduced -389.0k |
| Select Equity Group, L.P. 2.39% of their portfolio | 4.2m $557.8m | Reduced -531.1k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 4.1m $550.3m | Added +1.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 3.9m $514.3m | Added +675.5k |
| Garden Investment Management, L.P. 100.00% of their portfolio | 3.3m $435.6m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.07% of their portfolio | 3.2m $424.5m | Reduced -15.7k |
| TURTLE CREEK ASSET MANAGEMENT INC. 5.86% of their portfolio | 1.5m $194.3m | Added +59.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.11% of their portfolio | 1.4m $191.7m | Reduced -481.0k |
| STATE STREET CORP 0.01% of their portfolio | 1.4m $191.3m | Reduced -157.0k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.4m $189.7m | Added +123.9k |
| EARNEST PARTNERS LLC 0.77% of their portfolio | 1.3m $176.7m | Added +9.5k |
| ARIEL INVESTMENTS, LLC 1.81% of their portfolio | 1.3m $169.2m | Added +338.5k |
| Invesco Ltd. 0.02% of their portfolio | 1.0m $135.4m | Added +929.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 914.5k $121.6m | Reduced -60.4k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 863.3k $114.8m | Reduced -1.8m |
| D. E. Shaw & Co., Inc. 0.08% of their portfolio | 764.6k $101.6m | Added +596.3k |
| SEI INVESTMENTS CO 0.10% of their portfolio | 697.9k $92.8m | Added +17.2k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 650.6k $86.5m | Added +28.8k |
| Clarkston Capital Partners, LLC 1.86% of their portfolio | 649.2k $86.3m | Reduced -43.6k |
| RIVULET CAPITAL, LLC 8.16% of their portfolio | 523.0k $69.5m | Added +52.9k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 478.3k $63.6m | Reduced -113.9k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 455.5k $60.5m | Reduced -754.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 437.2k $58.1m | Reduced -31.7k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 424.1k $56.4m | Added +1.2k |
| MARSHALL WACE, LLP 0.06% of their portfolio | 419.9k $55.8m | Added +303.3k |
| SG Capital Management LLC 5.54% of their portfolio | 415.7k $55.3m | New |
| UBS Group AG 0.01% of their portfolio | 388.0k $51.6m | Reduced -70.1k |
| Boston Partners 0.05% of their portfolio | 381.8k $50.9m | Reduced -33.0k |
| Epoch Investment Partners, Inc. 0.25% of their portfolio | 340.4k $45.2m | Reduced -109.3k |
| Aviso Financial Inc. 1.82% of their portfolio | 337.1k $44.8m | Added +5.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 323.3k $43.0m | Reduced -35.6k |
| MORGAN STANLEY 0.00% of their portfolio | 311.4k $41.4m | Reduced -491.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.10% of their portfolio | 224.6k $29.9m | Added +96.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 211.3k $28.1m | Added +53.7k |
| Quantinno Capital Management LP 0.07% of their portfolio | 190.5k $25.3m | Added +81.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 179.9k $23.9m | Unchanged |
| TD Asset Management Inc 0.02% of their portfolio | 178.6k $23.7m | Reduced -47.8k |
| Holocene Advisors, LP 0.05% of their portfolio | 168.9k $22.4m | Added +134.9k |
| Amundi 0.01% of their portfolio | 164.9k $23.1m | Added +38.6k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 161.6k $21.5m | Added +135.9k |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 155.5k $20.7m | Reduced -2.0k |
| Dixon Mitchell Investment Counsel Inc. 0.71% of their portfolio | 149.3k $19.9m | Reduced -29.1k |
| LORD, ABBETT & CO. LLC 0.06% of their portfolio | 145.5k $19.3m | Reduced -1.6k |
| Impax Asset Management Group plc 0.11% of their portfolio | 141.4k $18.8m | Reduced -9.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 137.4k $18.3m | Reduced -73.6k |
| HRT FINANCIAL LP 0.08% of their portfolio | 134.4k $17.9m | Added +53.7k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 133.5k $17.7m | Reduced -240.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 131.4k $17.5m | Reduced -13.8k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 130.0k $17.3m | Added +14.2k |
| Squarepoint Ops LLC 0.04% of their portfolio | 129.9k $17.3m | Reduced -12.7k |
| ArrowMark Colorado Holdings LLC 0.32% of their portfolio | 129.3k $17.2m | Reduced -144.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 129.2k $17.2m | Reduced -124.2k |
| Nuveen, LLC 0.00% of their portfolio | 115.1k $15.3m | Reduced -3.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 113.8k $15.1m | Reduced -8.2k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 112.3k $14.9m | Added +10.6k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 109.1k $14.5m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 103.7k $13.8m | Reduced -17.4k |
| Swiss National Bank 0.01% of their portfolio | 98.5k $13.1m | Reduced -4.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 98.4k $13.1m | Added +5.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 93.0k $12.4m | Added +34.1k |
| Retirement Systems of Alabama 0.04% of their portfolio | 89.1k $11.8m | Reduced -9.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 88.5k $11.8m | Added +21.9k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.20% of their portfolio | 88.0k $11.7m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 84.0k $11.2m | Added +111 |
| Treasurer of the State of North Carolina 0.03% of their portfolio | 83.7k $11.1m | Reduced -937 |
| Legal & General Group Plc 0.00% of their portfolio | 79.2k $10.5m | Reduced -11.2k |
| TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio | 76.0k $10.1m | Added +23.7k |
| Atom Investors LP 0.74% of their portfolio | 73.4k $9.8m | New |
| HEARTLAND ADVISORS INC 0.50% of their portfolio | 71.2k $9.5m | Reduced -12.1k |
| Vulcan Value Partners, LLC 0.17% of their portfolio | 70.6k $9.4m | Added +41.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 69.7k $9.3m | Reduced -11.4k |
| Weiss Asset Management LP 0.13% of their portfolio | 67.6k $9.0m | Not comparable |
| Empowered Funds, LLC 0.09% of their portfolio | 67.5k $9.0m | Added +61.3k |
| Aquatic Capital Management LLC 0.17% of their portfolio | 67.2k $8.9m | First filing |
| Leith Wheeler Investment Counsel Ltd. 0.60% of their portfolio | 67.0k $8.9m | Reduced -4.1k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 62.4k $8.3m | Reduced -6.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 61.9k $8.2m | Reduced -6.9k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 60.1k $8.0m | Added +3.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 59.7k $7.9m | Added +1.7k |
| BARCLAYS PLC 0.00% of their portfolio | 58.5k $7.8m | Reduced -82.2k |
| Olstein Capital Management, L.P. 1.43% of their portfolio | 57.0k $7.6m | Added +14.5k |
| Addenda Capital Inc. 0.22% of their portfolio | 56.8k $7.6m | Added +1.3k |
| Bares Capital Management, Inc. 0.67% of their portfolio | 54.6k $7.3m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 53.4k $7.1m | Reduced -154.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 51.0k $6.8m | Added +2 |
| GABELLI FUNDS LLC 0.04% of their portfolio | 50.0k $6.6m | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 48.0k $6.4m | Reduced -5 |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 47.3k $6.3m | New |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 45.7k $6.1m | New |
| S&CO INC 0.34% of their portfolio | 41.8k $5.6m | Reduced -25.0k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 40.4k $5.4m | Reduced -13 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 39.4k $5.2m | Reduced -720 |
| Brandywine Global Investment Management, LLC 0.03% of their portfolio | 37.4k $5.0m | Added +2.5k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 36.7k $4.9m | Reduced -3.2k |
| Concentric Capital Strategies, LP 0.22% of their portfolio | 35.3k $4.7m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 35.1k $4.7m | Reduced -5.0k |
| Hunter Perkins Capital Management, LLC 0.96% of their portfolio | 32.6k $4.3m | Reduced -7.3k |
| FMR LLC 0.00% of their portfolio | 30.4k $4.0m | Reduced -1.5k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 30.0k $4.0m | Added +26.7k |