Millennium's 5.1% stake is a new passive position, not an activist filing. Monitor for any future amendment converting to 13D, which would signal activist intent. For now, the filing is a neutral signal of institutional interest.
Price Chart
Executive Summary
Millennium Management LLC disclosed a 5.1% passive stake in AMERISAFE Inc. via a Schedule 13G filed September 30, 2026, representing 951,465 common shares. As a large multi-strategy hedge fund, Millennium's entry is notable, but the 13G filing certifies no intent to influence control, making this a passive investment disclosure.
Key Financial Metrics
Key Facts
- Millennium Management LLC reported beneficial ownership of 951,465 shares of AMERISAFE common stock.
- The stake represents 5.1% of shares outstanding as of September 23, 2026.
- The filing is a new position (not an amendment) under Rule 13d-1(c).
- Millennium Group Management LLC and Israel A. Englander are also named as joint filers.
- The filing certifies the securities were not acquired with the purpose of changing or influencing control.
Financial Impact
5.1% passive stake valued at approximately $48.5 million based on current market price (~$51/share).
Risk Factors
- Millennium could convert to 13D and launch an activist campaign, though no indication of that now.
- Hedge fund exits could create selling pressure if the position is reduced.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001104659-26-112432 |
| Document: 0001104659-26-112432-index-headers.html | 0001104659-26-112432 |
| Document: 0001104659-26-112432-index.html | 0001104659-26-112432 |
| Document: 0001104659-26-112432.txt | 0001104659-26-112432 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | SC 13G/A | $23.28 $23.60 | ▲ +1.37% | ▲ +0.82% | $26.20 (+12.54%) |
Sep 30, 2026 25d ago | SC 13G | $23.68 $23.59 | ▼ −0.38% | ▼ −1.12% | $26.20 (+10.64%) |
Aug 15, 2026 10w ago | Institutional Cluster | $26.41 $26.53 | ▲ +0.45% | ▲ +1.13% | $26.20 (−0.80%) |
Jun 11, 2026 19w ago | Institutional Cluster | $31.80 $31.53 | ▼ −0.85% | ▼ −1.39% | $26.20 (−17.61%) |
Apr 22, 2026 26w ago | 8-K | $29.96 $31.09 | ▼ −3.77% | ▼ −4.17% | $26.20 (+12.55%) |
Feb 25, 2026 34w ago | 8-K | $33.63 $32.53 | ▲ +3.27% | ▲ +2.79% | $26.20 (+22.09%) |
US Market Status
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