Vault-13

MIDDLEBY CORP MIDD 1 09.01.25

NOTE 1.000% 9/0 · US DOMESTIC · CUSIP 596278AB7

61 institutional holders +4 vs Q1 2024
12,586,72212.6m shares reported held*
$810.1mreported value*
10 new 12 added 21 reduced 5 sold out net sold ≈ $36.2m (-11.0m shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $64.36.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 65Q4 22: 64Q1 23: 67Q2 23: 67Q3 23: 59Q4 23: 64Q1 24: 57Q2 24: 6161Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202265
Q4 202264
Q1 202367
Q2 202367
Q3 202359
Q4 202364
Q1 202457
Q2 202461

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 27 bought or addedQ4 22: 26 cut or sold outQ4 22Q1 23: 31 bought or addedQ1 23: 28 cut or sold outQ2 23: 16 bought or addedQ2 23: 31 cut or sold outQ2 23Q3 23: 17 bought or addedQ3 23: 28 cut or sold outQ4 23: 25 bought or addedQ4 23: 20 cut or sold outQ4 23Q1 24: 17 bought or addedQ1 24: 33 cut or sold outQ2 24: 22 bought or addedQ2 24: 26 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222726
Q1 20233128
Q2 20231631
Q3 20231728
Q4 20232520
Q1 20241733
Q2 20242226

Biggest buyers

III Capital Management Added +28,004,000+28.0m
MILLENNIUM MANAGEMENT LLC Added +15,700,000+15.7m
JPMORGAN CHASE & CO Added +12,726,000+12.7m
Davidson Kempner Capital Management LP Added +10,000,000+10.0m
Lombard Odier Asset Management (Europe) Ltd Added +9,000,000+9.0m
WELLINGTON MANAGEMENT GROUP LLP Added +7,146,000+7.1m
Mirabaud Asset Management (France) SAS New +6,500,000+6.5m
JANE STREET GROUP, LLC New +4,812,000+4.8m
BARCLAYS PLC Added +2,640,000+2.6m
MORGAN STANLEY New +2,034,000+2.0m

Biggest sellers

LAZARD ASSET MANAGEMENT LLC Reduced -48,500,000-48.5m
BNP PARIBAS FINANCIAL MARKETS Reduced -25,916,000-25.9m
LORD, ABBETT & CO. LLC Sold out -15,582,000-15.6m
Calamos Advisors LLC Reduced -12,818,000-12.8m
Shaolin Capital Management LLC Reduced -12,500,000-12.5m
Man Group plc Reduced -10,675,000-10.7m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -5,000,000-5.0m
FMR LLC Reduced -2,375,000-2.4m
ZAZOVE ASSOCIATES LLC Reduced -1,680,000-1.7m
JUPITER ASSET MANAGEMENT LTD Sold out -1,250,000-1.2m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 118,269,000118.3m $126.2m $126.2m 0.10% Added +15.7m +15,700,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.09% of their portfolio ATLANTA, GA 88,780,00088.8m $94.8m $94.8m 0.09% Unchanged
3 III Capital Management 4.65% of their portfolio BOCA RATON, FL 78,700,00078.7m $84.0m $84.0m 4.65% Added +28.0m +28,004,000
4 Man Group plc 0.20% of their portfolio LONDON, X0 69,839,00069.8m $74.4m $74.4m 0.20% Reduced -10.7m -10,675,000
5 ZAZOVE ASSOCIATES LLC 2.93% of their portfolio INCLINE VILLAGE, NV 47,190,00047.2m $50.5m $50.5m 2.93% Reduced -1.7m -1,680,000
6 Davidson Kempner Capital Management LP 0.79% of their portfolio New York, NY 45,000,00045.0m $47.9m $47.9m 0.79% Added +10.0m +10,000,000
7 Calamos Advisors LLC 0.18% of their portfolio NAPERVILLE, IL 34,447,00034.4m $36.9m $36.9m 0.18% Reduced -12.8m -12,818,000
8 Shaolin Capital Management LLC 1.07% of their portfolio Miami, FL 32,500,00032.5m $34.8m $34.8m 1.07% Reduced -12.5m -12,500,000
9 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 24,851,00024.9m $26.5m $26.5m 0.00% Added +7.1m +7,146,000
10 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 21,500,00021.5m $23.0m $23.0m 0.03% Unchanged
11 Lombard Odier Asset Management (Europe) Ltd 1.10% of their portfolio LONDON, X0 21,083,00021.1m $22.6m $22.6m 1.10% Added +9.0m +9,000,000
12 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 19,307,00019.3m $20.6m $20.6m 0.02% Reduced -610.0k -610,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 15,534,00015.5m $16.6m $16.6m 0.00% Reduced -200.0k -200,000
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 14,442,00014.4m $18.1m $18.1m 0.00% Added +12.7m +12,726,000
15 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 11,000,00011.0m $11.8m $11.8m 0.01% Reduced -500.0k -500,000
16 BlackRock Inc. 0.00% of their portfolio New York, NY 10,882,00010.9m $11.6m $11.6m 0.00% Unchanged
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 10,743,00010.7m $11.4m $11.4m 0.00% Reduced -1.1m -1,138,000
18 FMR LLC 0.00% of their portfolio BOSTON, MA 9,725,0009.7m $10.4m $10.4m 0.00% Reduced -2.4m -2,375,000
19 Mirabaud Asset Management (France) SAS 3.71% of their portfolio PARIS, I0 6,500,0006.5m $7.0m $7.0m 3.71% New
20 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 6,216,0006.2m $6.6m $6.6m 0.00% Reduced -50.0k -50,000
21 Flow State Investments, L.P. 1.69% of their portfolio CHICAGO, IL 5,000,0005.0m $5.3m $5.3m 1.69% Added +1.0m +1,000,000
22 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 4,812,0004.8m $5.1m $5.1m 0.01% New
23 ADVENT CAPITAL MANAGEMENT /DE/ 0.11% of their portfolio NEW YORK, NY 4,160,0004.2m $4.5m $4.5m 0.11% Unchanged
24 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,000,0004.0m $4.3m $4.3m 0.01% Unchanged
25 PALISADE CAPITAL MANAGEMENT, LP 0.09% of their portfolio FORT LEE, NJ 3,032,0003.0m $3.2m $3.2m 0.09% Unchanged
26 BOOTHBAY FUND MANAGEMENT, LLC 0.10% of their portfolio NEW YORK, NY 3,032,0003.0m $3.2m $3.2m 0.10% Added +1.5m +1,503,000
27 RWC Asset Management LLP 0.23% of their portfolio LONDON, X0 3,000,0003.0m $3.2m $3.2m 0.23% Unchanged
28 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,870,0002.9m $3.1m $3.1m 0.00% Reduced -25.9m -25,916,000
29 CQS (US), LLC 0.81% of their portfolio NEW YORK, NY 2,800,0002.8m $3.0m $3.0m 0.81% Unchanged
30 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,689,0002.7m $2.9m $2.9m 0.00% Added +2.6m +2,640,000
31 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,267,0002.3m $2.4m $2.4m 0.00% Added +2.0m +2,017,000
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,034,0002.0m $2.2m $2.2m 0.00% New
33 Liberty Mutual Group Asset Management Inc. 0.30% of their portfolio Boston, MA 1,930,0001.9m $2.1m $2.1m 0.30% Reduced -250.0k -250,000
34 Warberg Asset Management LLC 0.46% of their portfolio WINNETKA, IL 1,615,0001.6m $1.7m $1.7m 0.46% Added +115.0k +115,000
35 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 1,611,0001.6m $1.7m $1.7m 0.00% New
36 CAMDEN ASSET MANAGEMENT L P /CA 0.05% of their portfolio Los Angeles, CA 1,500,0001.5m $1.6m $1.6m 0.05% Unchanged
37 OFI INVEST ASSET MANAGEMENT 0.03% of their portfolio ISSY LES MOULINEAUX, I0 1,200,0001.2m $1.2m $1.2m 0.03% Reduced -1.2k -1,200
38 Quaero Capital S.A. 1.45% of their portfolio GENEVE, V8 1,000,0001.0m $1.1m $1.1m 1.45% Unchanged
39 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 979,000979.0k $1.0m $1.0m 0.02% New
40 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 920,000920.0k $979.6k $979.6k 0.00% Reduced -370.0k -370,000
41 EDMOND DE ROTHSCHILD HOLDING S.A. 0.02% of their portfolio CHAMBESY, V8 920,000920.0k $984.3k $984.3k 0.02% Unchanged
42 Wellesley Asset Management 0.08% of their portfolio PORTSMOUTH, NH 750,000750.0k $802.4k $802.4k 0.08% New
43 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 602,000602.0k $641.0k $641.0k 0.00% Reduced -1.2m -1,163,000
44 Calamos Wealth Management LLC 0.03% of their portfolio NAPERVILLE, IL 564,000564.0k $603.4k $603.4k 0.03% Reduced -66.0k -66,000
45 PROSPECTOR PARTNERS LLC 0.06% of their portfolio GUILFORD, CT 500,000500.0k $532.4k $532.4k 0.06% Unchanged
46 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $534.1k $534.1k 0.00% Unchanged
47 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 456,000456.0k $485.6k $485.6k 0.00% Added +316.0k +316,000
48 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 450,000450.0k $481.6k $481.6k 0.00% Unchanged
49 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 395,000395.0k $421.6k $421.6k 0.00% Unchanged
50 SSI INVESTMENT MANAGEMENT LLC 0.03% of their portfolio Los Angeles, CA 357,000357.0k $380.1k $380.1k 0.03% Reduced -6.0k -6,000
51 KBC Group NV 0.00% of their portfolio Brussels, C9 100,000100.0k $107.0k $107.0k 0.00% Reduced -150.0k -150,000
52 Fox Hill Wealth Management 0.05% of their portfolio DEDHAM, MA 75,00075.0k $80.0k $80.0k 0.05% Reduced -1.0k -1,000
53 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 66,00066.0k $70.0k $70.0k 0.00% Reduced -48.5m -48,500,000
54 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 53,72253.7k $6.6m $6.6m 0.01% New
55 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 29,00029.0k $30.9k $30.9k 0.00% Unchanged
56 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 19,40019.4k $2.1m $2.1m 0.01% Reduced -5.0k -5,000
57 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 16,00016.0k $17.0k $17.0k 0.00% Unchanged
58 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 16,00016.0k $17.1k $17.1k 0.00% New
59 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 8,0008.0k $8.5k $8.5k 0.00% New
60 Context Capital Management, LLC 0.21% of their portfolio LAJOLLA, CA 5,5005.5k $5.9m $5.9m 0.21% New
61 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged