Vault-13

MIDDLEBY CORP MIDD 1 09.01.25

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

64 institutional holders +2 vs Q3 2024
26,288,98126.3m shares reported held*
$807.5mreported value*
9 new 13 added 15 reduced 9 sold out net sold ≈ $32.0m (+14.9m 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 ≈ $30.72.

Trends to Q4 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: 61Q3 24: 62Q4 24: 6464Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202265
Q4 202264
Q1 202367
Q2 202367
Q3 202359
Q4 202364
Q1 202457
Q2 202461
Q3 202462
Q4 202464

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 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 24Q3 24: 23 bought or addedQ3 24: 24 cut or sold outQ4 24: 22 bought or addedQ4 24: 24 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20233128
Q2 20231631
Q3 20231728
Q4 20232520
Q1 20241733
Q2 20242226
Q3 20242324
Q4 20242224

Biggest buyers

Shaolin Capital Management LLC Added +19,500,000+19.5m
FMR LLC Added +14,140,000+14.1m
Aequim Alternative Investments LP Added +14,000,000+14.0m
Balyasny Asset Management L.P. New +13,500,000+13.5m
JANE STREET GROUP, LLC Added +10,886,000+10.9m
HIGHBRIDGE CAPITAL MANAGEMENT LLC New +7,500,000+7.5m
NOMURA ASSET MANAGEMENT CO LTD New +5,000,000+5.0m
ABSOLUTE INVESTMENT ADVISERS, LLC New +4,175,000+4.2m
BANK OF MONTREAL /CAN/ Added +3,269,000+3.3m
Davidson Kempner Capital Management LP Added +2,500,000+2.5m

Biggest sellers

Man Group plc Reduced -30,500,000-30.5m
Sculptor Capital LP Sold out -24,000,000-24.0m
Lombard Odier Asset Management (Europe) Ltd Sold out -16,575,000-16.6m
JPMORGAN CHASE & CO Reduced -14,529,000-14.5m
ZAZOVE ASSOCIATES LLC Reduced -13,250,000-13.2m
Verition Fund Management LLC Sold out -13,106,000-13.1m
Flow State Investments, L.P. Sold out -7,000,000-7.0m
WELLINGTON MANAGEMENT GROUP LLP Reduced -3,269,000-3.3m
BARCLAYS PLC Reduced -1,627,000-1.6m
OAKTREE CAPITAL MANAGEMENT LP Sold out -1,400,000-1.4m

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Shaolin Capital Management LLC 4.03% of their portfolio Miami, FL 117,000,000117.0m $131.0m $131.0m 4.03% Added +19.5m +19,500,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.10% of their portfolio ATLANTA, GA 88,780,00088.8m $99.4m $99.4m 0.10% Unchanged
3 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 50,000,00050.0m $56.0m $56.0m 0.05% Unchanged
4 DeepCurrents Investment Group LLC 1.84% of their portfolio NEW YORK, NY 49,505,00049.5m $55.4m $55.4m 1.84% Unchanged
5 Davidson Kempner Capital Management LP 0.93% of their portfolio New York, NY 47,500,00047.5m $53.1m $53.1m 0.93% Added +2.5m +2,500,000
6 Man Group plc 0.13% of their portfolio LONDON, X0 39,339,00039.3m $44.1m $44.1m 0.13% Reduced -30.5m -30,500,000
7 Calamos Advisors LLC 0.14% of their portfolio NAPERVILLE, IL 27,785,00027.8m $31.1m $31.1m 0.14% Reduced -246.0k -246,000
8 FMR LLC 0.00% of their portfolio BOSTON, MA 26,165,00026.2m $29.2m $29.2m 0.00% Added +14.1m +14,140,000
9 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 21,500,00021.5m $24.1m $24.1m 0.03% Unchanged
10 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 20,000,00020.0m $22.4m $22.4m 0.02% Unchanged
11 Aequim Alternative Investments LP 0.72% of their portfolio MILL VALLEY, CA 20,000,00020.0m $22.4m $22.4m 0.72% Added +14.0m +14,000,000
12 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 19,812,00019.8m $22.2m $22.2m 0.00% Reduced -3.3m -3,269,000
13 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 18,863,00018.9m $21.1m $21.1m 0.02% Reduced -314.0k -314,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 17,284,00017.3m $19.4m $19.4m 0.00% Added +1.6m +1,600,000
15 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 16,485,00016.5m $18.5m $18.5m 0.03% Added +10.9m +10,886,000
16 Balyasny Asset Management L.P. 0.04% of their portfolio Chicago, IL 13,500,00013.5m $15.1m $15.1m 0.04% New
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 13,189,00013.2m $14.7m $14.7m 0.00% Added +1.6m +1,557,000
18 BlackRock, Inc. 0.00% of their portfolio New York, NY 12,882,00012.9m $14.4m $14.4m 0.00% Added +1.6m +1,650,000
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 9,013,0009.0m $10.5m $10.5m 0.00% Reduced -14.5m -14,529,000
20 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 8,750,0008.8m $9.8m $9.8m 0.01% Reduced -1.0m -1,000,000
21 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 7,668,0007.7m $8.6m $8.6m 0.01% Unchanged
22 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.33% of their portfolio NEW YORK, NY 7,500,0007.5m $8.7m $8.7m 0.33% New
23 Walleye Capital LLC 0.08% of their portfolio NEW YORK, NY 7,500,0007.5m $8.4m $8.4m 0.08% Unchanged
24 NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio TOKYO, M0 5,000,0005.0m $5.6m $5.6m 0.02% New
25 Warberg Asset Management LLC 1.53% of their portfolio WINNETKA, IL 4,949,0004.9m $5.5m $5.5m 1.53% Added +2.4m +2,350,000
26 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 4,461,0004.5m $5.0m $5.0m 0.00% Added +3.3m +3,269,000
27 ABSOLUTE INVESTMENT ADVISERS, LLC 0.60% of their portfolio ROSEMARY BEACH, FL 4,175,0004.2m $4.7m $4.7m 0.60% New
28 ADVENT CAPITAL MANAGEMENT /DE/ 0.11% of their portfolio NEW YORK, NY 4,160,0004.2m $4.7m $4.7m 0.11% Unchanged
29 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,000,0004.0m $4.5m $4.5m 0.01% Unchanged
30 Union Bancaire Privee, UBP SA 0.07% of their portfolio GENEVA 1, V8 3,607,0003.6m $3.9m $3.9m 0.07% First filing
31 CAMDEN ASSET MANAGEMENT L P /CA 0.09% of their portfolio Los Angeles, CA 3,175,0003.2m $3.5m $3.5m 0.09% Added +125.0k +125,000
32 PALISADE CAPITAL MANAGEMENT, LP 0.09% of their portfolio FORT LEE, NJ 3,032,0003.0m $3.4m $3.4m 0.09% Unchanged
33 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 2,700,0002.7m $3.0m $3.0m 0.00% Unchanged
34 RWC Asset Management LLP 0.14% of their portfolio LONDON, X0 2,500,0002.5m $2.8m $2.8m 0.14% Reduced -500.0k -500,000
35 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 2,394,0002.4m $2.7m $2.7m 0.00% Unchanged
36 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,000,0002.0m $2.2m $2.2m 0.00% Reduced -250.0k -250,000
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,544,0001.5m $1.7m $1.7m 0.00% Unchanged
38 OFI INVEST ASSET MANAGEMENT 0.03% of their portfolio ISSY LES MOULINEAUX, I0 1,200,0001.2m $1.3m $1.3m 0.03% First filing
39 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,020,0001.0m $1.1m $1.1m 0.00% Unchanged
40 Quaero Capital S.A. 1.42% of their portfolio GENEVE, V8 1,000,0001.0m $1.1m $1.1m 1.42% Unchanged
41 PROSPECTOR PARTNERS LLC 0.06% of their portfolio GUILFORD, CT 500,000500.0k $558.4k $558.4k 0.06% Unchanged
42 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 477,000477.0k $532.8k $532.8k 0.00% Reduced -706.0k -706,000
43 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 450,000450.0k $505.4k $505.4k 0.00% Unchanged
44 SSI INVESTMENT MANAGEMENT LLC 0.03% of their portfolio Los Angeles, CA 357,000357.0k $398.7k $398.7k 0.03% Unchanged
45 ZAZOVE ASSOCIATES LLC 0.04% of their portfolio INCLINE VILLAGE, NV 350,000350.0k $392.0k $392.0k 0.04% Reduced -13.2m -13,250,000
46 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 335,000335.0k $375.2k $375.2k 0.02% Reduced -57.0k -57,000
47 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $335.5k $335.5k 0.00% Reduced -200.0k -200,000
48 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 291,000291.0k $325.5k $325.5k 0.00% Reduced -1.6m -1,627,000
49 KBC Group NV 0.00% of their portfolio Brussels, C9 100,000100.0k $112.0k $112.0k 0.00% Unchanged
50 Fox Hill Wealth Management 0.05% of their portfolio DEDHAM, MA 74,00074.0k $82.8k $82.8k 0.05% Reduced -1.0k -1,000
51 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 66,00066.0k $73.0k $73.0k 0.00% Unchanged
52 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 46,00046.0k $51.4k $51.4k 0.00% New
53 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 40,00040.0k $44.7k $44.7k 0.00% Added +3.0k +3,000
54 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 34,00034.0k $38.0k $38.0k 0.00% New
55 NOMURA HOLDINGS INC 0.02% of their portfolio TOKYO, M0 33,37633.4k $4.5m $4.5m 0.02% Added +8.8k +8,762
56 Bleakley Financial Group, LLC 0.00% of their portfolio PARSIPPANY, NJ 30,00030.0k $33.6k $33.6k 0.00% New
57 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 29,00029.0k $32.4k $32.4k 0.00% Unchanged
58 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 19,40019.4k $2.2m $2.2m 0.01% Unchanged
59 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 16,00016.0k $17.9k $17.9k 0.00% New
60 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 16,00016.0k $17.9k $17.9k 0.00% Unchanged
61 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 16,00016.0k $17.9k $17.9k 0.00% Unchanged
62 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 5,0005.0k $5.6k $5.6k 0.00% New
63 ODDO BHF ASSET MANAGEMENT SAS 0.03% of their portfolio PARIS, I0 605605 $678.7k $678.7k 0.03% Reduced -150 -150
64 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged