What smart money is saying about Middleby
No fund has written a full thesis on Middleby in our archive, but 10 fund letters report a position in it, most recently Cooke & Bieler Mid Cap Value Equity Strategy in September 2026.
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Fund signal · last 12 months
10 lettersToo few moves on Middleby yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2026 and Q3 2026, 10 fund letters reported a position in Middleby, with 2 buys (opened or added) and 2 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 7 | 1 | 1 | 0 |
| Q2 2026 | 2 | 1 | 0 | 0 |
| Q1 2026 | 1 | 0 | 1 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 10 positions · 4 moves
- September 2026
“Midera Food Processing (MFP) was received through the spin-o of Middleby’s (MIDD) food processing division.”
Middleby - September 2026
“Finally, we sold our shares in Midera Food Processing, which we received when it was spun off from Middleby. We prefer to own Middleby itself, so we deployed the proceeds into it.”
Middleby - September 2026
“Additionally, we received shares of global provider of food processing technology and automation, Midera Food Processing, Inc. (MFP), following its spin-off from our existing holding, Middleby Corporation (MIDD).”
Middleby - September 2026
“We sold Midera Food Processing following its spin out from Middleby. We never underwrote Midera as a stand- alone investment. It arrived as a distribution, and our thesis is on the Middleby we kept, a pure-play commercial foodservice company.”
Middleby - September 2026
“Midera Food Processing (MFP) was received through the spin-o of Middleby’s (MIDD) food processing division.”
Middleby - September 2026
“Two separate portfolio companies had spinoffs during the third quarter. Resideo Technologies, Inc. (REZI), which supplies residential thermal, comfort and security solutions, carved out ADI Global Distribution, Inc. (ADIG), a distributor of low-voltage products. Similarly, food equipment manufacturer, The Middleby Corporation (MIDD), separated from its food processing arm, Midera Food Processing, Inc. (MFP). We maintained our position in these spin-offs in our small cap value and small/mid cap value portfolios, as we believe these newly public companies possess attractive business characteristics and favorable industry positions.”
Middleby - July 2026
“A week later, on July 6, Middleby spun off its Food Processing business as Midera Food Processing (Nasdaq: MFP), keeping the leaner commercial foodservice company we own.”
Middleby - New positionRiverwater Partners Small Cap StrategyJune 2026
“In May we established a position in Middleby (MIDD), the commercial foodservice and food processing equipment leader, funded by trims of Modine (MOD) and Kodiak Gas Services (KGS).”
Middleby - June 2026
“Middleby Corporation completed the spin-off of their food processing division into a separate publicly traded company – Midera Food Processing, Inc.”
Middleby - March 2026
“We sold five positions during the quarter: Virtus Investment Partners, Crown Holdings, Inc., The Middleby Corporation, The Timken Company, and Sealed Air Corporation.”
Middleby
Also mentioned · 2
These funds discuss Middleby as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedCooke & Bieler SMID Cap Value EquitySeptember 2026
“Spun out from Middleby (MIDD) in July 2026, the company should benet from customer adoption of automated, full line solutions in the food processing industry.”
Middleby - September 2026
“Midera Food Processing (MFP): We sold the shares of Midera Food Processing that we received in Middleby's (MIDD) July spin-off. We sold the small position after the newly issued shares rose.”
Middleby
Read the letters behind these Middleby positions
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