Millennium's 5.2% passive stake signals institutional interest post-reverse split and convertible note settlement. Monitor for any future conversion to a 13D (activist filing), though the current filing explicitly disclaims control intent. The stake size is notable for a distressed company with a history of short interest.
Price Chart
Executive Summary
Millennium Management LLC (Israel Englander's multi-strategy hedge fund) filed a Schedule 13G disclosing a 5.2% passive stake in Beyond Meat, Inc. as of September 21, 2026. The filing indicates Millennium holds 957,442 shares of common stock and certifies no intent to influence control. This is a new passive position from a major hedge fund, notable for its size but neutral in intent.
Key Financial Metrics
Key Facts
- Millennium Management LLC filed a new Schedule 13G disclosing beneficial ownership of 957,442 shares of Beyond Meat common stock.
- The stake represents 5.2% of the 18,291,409 shares outstanding (adjusted for a 1-for-30 reverse stock split effective August 13, 2026, and subsequent convertible note settlement).
- The filing certifies the securities were not acquired with the purpose of changing or influencing control of the issuer (Rule 13d-1(c) filing).
- The joint filing includes Millennium Group Management LLC and Israel A. Englander as reporting persons.
- This is a new position; prior 13G filings for Beyond Meat were by Vanguard and Jane Street Group.
Financial Impact
5.2% passive stake in Beyond Meat; no transaction price disclosed.
Risk Factors
- Millennium could convert to an activist 13D if conditions change, potentially pressuring management.
- The company has undergone a 1-for-30 reverse split and convertible note restructuring, indicating financial distress.
- Passive 13G status could change if Millennium engages with management beyond passive investment.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001104659-26-111444 |
| Document: 0001104659-26-111444-index-headers.html | 0001104659-26-111444 |
| Document: 0001104659-26-111444-index.html | 0001104659-26-111444 |
| Document: 0001104659-26-111444.txt | 0001104659-26-111444 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $7.15 | awaiting T+1 | — | $7.15 (+0.00%) |
Oct 1, 2026 25d ago | 8-K | $8.25 $8.06 | ▼ −2.30% | ▼ −2.98% | $7.15 (−13.33%) |
Sep 28, 2026 28d ago | SC 13G | $8.23 $8.26 | ▲ +0.36% | ▲ +0.57% | $7.15 (−13.12%) |
Sep 23, 2026 4w ago | 8-K | $10.03 $9.19 | ▲ +8.37% | ▲ +8.29% | $7.15 (+28.71%) |
Sep 18, 2026 5w ago | Court Ruling | $11.92 $11.51 | ▲ +3.44% | ▲ +3.42% | $7.15 (+40.02%) |
Aug 14, 2026 10w ago | 8-K | $13.47 $11.63 | ▲ +13.66% | ▲ +13.19% | $7.15 (+46.92%) |
Aug 11, 2026 10w ago | 8-K | $0.4176 $0.3990 | ▼ −4.45% | ▼ −4.70% | $7.15 (+1612.16%) |
Aug 10, 2026 11w ago | 8-K | $0.5200 $0.4090 | ▼ −21.35% | ▼ −21.03% | $7.15 (+1275.00%) |
Aug 6, 2026 11w ago | Institutional Cluster | $0.5275 $0.5230 | ▲ +0.85% | ▲ +1.46% | $7.15 (−1255.45%) |
Aug 5, 2026 11w ago | Press Release | $0.5275 $0.5230 | ▲ +0.85% | ▲ +1.46% | $7.15 (−1255.45%) |
US Market Status
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