Millennium Management's 5.4% new passive stake at 5.4% is notable for a major multi-strategy hedge fund. While passive, Millennium is known for occasional activist campaigns, but the 13G certification explicitly disclaims control intent. Watch for any subsequent 13D conversion if the fund engages management.
Price Chart
Executive Summary
Millennium Management LLC, a major multi-strategy hedge fund, has filed a Schedule 13G disclosing a 5.4% passive stake in Dycom Industries Inc. as of September 30, 2026. This is a new position for Millennium (the prior 13G filers were Vanguard Group, not Millennium), indicating a significant new investment by a sophisticated institutional investor. The filing is passive with no intent to influence control.
Key Financial Metrics
Key Facts
- Millennium Management LLC disclosed beneficial ownership of 1,619,369 shares of Dycom Industries Inc. common stock.
- The stake represents 5.4% of shares outstanding as of September 30, 2026.
- The filing is made under Rule 13d-1(c) — a passive investor filing with no intent to change or influence control.
- Millennium Group Management LLC and Israel A. Englander are also named as joint filers in the same filing.
- This is a new position for Millennium; prior 13G filers on Dycom were by Vanguard Group (not Millennium).
- The filing date is dated October 6, 2026, and accepted by the SEC on October 7, 2027.
- A Joint Filing Agreement (Exhibit I) is included, dated October 6, 2026.
Financial Impact
5.4% passive stake in Dycom Industries Inc. by Millennium Management LLC. No dollar value of the stake is stated in the filing.
Risk Factors
- Passive filing — no activist intent signaled, so no near-term catalyst from this filing alone.
- Hedge fund could later convert to 13D if it decides to engage management, but no indication of that now.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001104659-26-114417 |
| Document: 0001104659-26-114417-index-headers.html | 0001104659-26-114417 |
| Document: 0001104659-26-114417-index.html | 0001104659-26-114417 |
| Document: 0001104659-26-114417.txt | 0001104659-26-114417 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | Institutional Cluster | $237.45 $225.16 | ▲ +5.18% | ▲ +3.99% | $229.95 (+3.16%) |
Oct 7, 2026 20d ago | SC 13G | $277.21 $269.23 | ▼ −2.88% | ▼ −3.48% | $229.95 (−17.05%) |
Sep 9, 2026 6w ago | Insider Buy | $295.93 $307.47 | ▲ +3.90% | ▲ +3.05% | $229.95 (−22.30%) |
Sep 1, 2026 8w ago | Insider Buy | $296.98 $295.56 | ▼ −0.48% | ▼ −1.52% | $229.95 (−22.57%) |
Aug 26, 2026 8w ago | 8-K | $310.91 $308.01 | ▼ −0.93% | ▼ −1.59% | $229.95 (−26.04%) |
Aug 25, 2026 9w ago | 8-K | $351.80 $310.91 | ▼ −11.62% | ▼ −11.65% | $229.95 (−34.64%) |
Aug 14, 2026 10w ago | Press Release | $419.07 | awaiting T+1 | — | $229.95 (−45.13%) |
Jul 25, 2026 13w ago | Institutional Cluster | $424.21 $401.87 | ▼ −5.27% | ▼ −5.51% | $229.95 (−45.79%) |
Jun 1, 2026 21w ago | 8-K | $493.89 $485.97 | ▼ −1.60% | ▼ −1.75% | $229.95 (−53.44%) |
May 27, 2026 21w ago | 8-K | $529.13 $535.20 | ▲ +1.15% | ▲ +0.60% | $229.95 (−56.54%) |
US Market Status
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