The cluster shows divergent conviction: a large, established holder (Fort Washington) fully exited, while a new holder (Assenagon) built a meaningful position. Given the 45-day reporting lag, check whether MIDD's Q4 price action and any recent 8-Ks or earnings pre-announcements support the buyer or seller thesis.
Executive Summary
A small institutional cluster formed in MIDD during Q3 2026, with 5 buyers accumulating $15.1M net (led by a new $13.3M position from Assenagon Asset Management) while 2 sellers reduced holdings by $28.0M (dominated by Fort Washington's full exit of $28.0M). The net dollar flow is negative (-$12.9M) due to the large exit, but the buyer count and conviction (new/added/doubled positions) suggest selective accumulation by smaller active managers, possibly attracted to Middleby's valuation after a prior selloff.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$12.9M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | NEW | +100% | $13.3M | $13.3M |
| Wealth Enhancement Advisory Services | DOUBLED | +199.4% | $3.0M | $1.5M |
| Hb Wealth Management | DOUBLED | +179.6% | $547.0K | $222.0K |
| Farther Finance Advisors | DOUBLED | +487.2% | $47.0K | $34.0K |
| Nisa Investment Advisors | ADD | +56.9% | $116.0K | -$7.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Fort Washington Investment Advisors | EXIT | -100% | $28.0M | -$28.0M |
| Assetmark | TRIM | -40% | $3.0K | -$2.0K |
Key Facts
- 5 institutional buyers vs 2 sellers in Q3 2026
- Assenagon Asset Management initiated a new $13.3M position (128.7K shares)
- Fort Washington Investment Advisors fully exited a $28.0M position (162.9K shares)
- Net institutional dollar flow was -$12.9M (buyers added $15.1M, sellers removed $28.0M)
- All participants are asset managers (no activist, quant, or family office funds detected)
Financial Impact
Institutional cluster: 5 buyers added $15.1M in new holdings while 2 sellers removed $28.0M, resulting in a net -$12.9M outflow. The largest single move was Fort Washington's full exit of $28.0M, partially offset by Assenagon's new $13.3M position.
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- Net dollar flow is negative (-$12.9M) despite more buyers, as the largest seller dwarfed all buyers combined
- All participants are asset managers — no activist or high-conviction fund types present
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-MIDD-2026-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Institutional Cluster | $114.54 | awaiting T+1 | awaiting T+1 | No price |
Oct 23, 2026 4d ago | Institutional Cluster | $113.05 $114.46 | ▲ +1.25% | ▲ +0.54% | No price |
Oct 13, 2026 14d ago | SC 13G/A | $106.46 $106.16 | ▲ +0.28% | ▼ −0.80% | No price |
Sep 10, 2026 6w ago | 8-K | $105.72 $108.31 | ▲ +2.45% | ▲ +1.60% | No price |
Aug 11, 2026 11w ago | 8-K | $119.99 $118.95 | ▼ −0.87% | ▼ −1.12% | No price |
Jul 6, 2026 16w ago | 8-K | $179.20 $172.09 | ▼ −3.97% | ▼ −3.49% | No price |
Jun 29, 2026 17w ago | 8-K | $172.01 $170.90 | ▼ −0.65% | ▼ −0.51% | No price |
Jun 22, 2026 18w ago | 8-K | $166.65 $162.93 | ▼ −2.24% | ▼ −0.78% | No price |
May 26, 2026 22w ago | 8-K | $154.30 $154.11 | ▼ −0.12% | ▼ −0.67% | No price |
May 12, 2026 24w ago | 8-K | $150.15 $147.45 | ▼ −1.79% | ▼ −2.35% | No price |
US Market Status
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