Millennium Management Updates Passive Stake in Quanterix (QTRX)

Ticker: QTRX · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1503274

Quanterix Corp SC 13G/A Filing Summary
FieldDetail
CompanyQuanterix Corp (QTRX)
Form TypeSC 13G/A
Filed DateJan 29, 2024
Risk Levellow
Pages6
Reading Time7 min
Key Dollar Amounts$0.001
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**Millennium Management still holds Quanterix stock, signaling continued institutional interest.**

AI Summary

Millennium Management LLC, a New York-based investment firm, along with its affiliates Integrated Core Strategies (US) LLC and Israel A. Englander, filed an amended SC 13G/A on January 29, 2024, indicating their ownership of Quanterix Corp (QTRX) common stock as of December 31, 2023. This filing updates their previous disclosure, showing their continued significant, though passive, stake in the company. This matters to investors because large institutional holdings can provide a degree of stability and signal confidence in the company's long-term prospects, even if the exact percentage of ownership isn't explicitly stated in this excerpt.

Why It Matters

This filing confirms Millennium Management's ongoing interest in Quanterix, which can be a positive signal for current and prospective shareholders, suggesting institutional validation of the company.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a large institutional investor, indicating no immediate new risks or significant changes in their investment strategy.

Analyst Insight

Investors should note that a major institutional investor like Millennium Management continues to hold a stake in Quanterix, which could be interpreted as a vote of confidence, but this filing alone doesn't suggest any immediate catalysts or changes in company direction.

Key Numbers

  • 74766Q101 — CUSIP Number (identifies Quanterix Corp's common stock)
  • 005-90285 — SEC File Number (identifies Quanterix Corp's registration with the SEC)
  • 0001273087 — CIK for Millennium Management LLC (unique identifier for the reporting entity)
  • 0001503274 — CIK for Quanterix Corp (unique identifier for the subject company)

Key Players & Entities

  • Millennium Management LLC (company) — reporting person and investment firm
  • Quanterix Corp (company) — subject company, issuer of securities
  • Integrated Core Strategies (US) LLC (company) — group member and reporting person
  • Israel A. Englander (person) — group member associated with Millennium Management
  • December 31, 2023 (date) — date of event requiring the filing
  • January 29, 2024 (date) — filing date of the SC 13G/A

Forward-Looking Statements

  • Millennium Management will maintain a passive investment strategy in Quanterix Corp. (Millennium Management LLC) — high confidence, target: Next 12 months

FAQ

What is the purpose of an SC 13G/A filing?

An SC 13G/A is an amendment to a Schedule 13G, which is filed by an investor who beneficially owns more than 5% of a company's stock but does not intend to influence or control the company. The '/A' indicates it's an amendment to a previously filed statement, updating the information, as seen with Millennium Management LLC's filing regarding Quanterix Corp.

Who are the reporting persons in this specific SC 13G/A filing?

The reporting persons listed in this filing are Integrated Core Strategies (US) LLC, Israel A. Englander, Millennium Group Management LLC, and Millennium Management LLC, all associated with the Millennium Management group, as indicated in the 'GROUP MEMBERS' section.

What is the CUSIP number for the securities discussed in this filing?

The CUSIP number for the Common Stock, par value $0.001 per share, of Quanterix Corporation is 74766Q101, as stated on the cover page of the Schedule 13G.

When was the event date that triggered this filing?

The date of the event which requires the filing of this statement was December 31, 2023, as specified on the cover page of the Schedule 13G.

Under which rule was this Schedule 13G/A filed?

This Schedule 13G/A was filed under Rule 13d-1(c), as indicated by the checked box on the cover page of the filing.

Filing Stats: 1,739 words · 7 min read · ~6 pages · Grade level 11.3 · Accepted 2024-01-29 16:22:57

Key Financial Figures

  • $0.001 — me of Issuer) COMMON STOCK, PAR VALUE $0.001 PER SHARE (Title of Class of Securiti

Filing Documents

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); CUSIP No. 74766Q101 SCHEDULE 13G Page 7 of 11 (g) o A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o Group, in accordance with 240.13d-1(b)(1)(ii)(J).

Ownership

Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: See response to Item 9 on each cover page. (b) Percent of Class: See response to Item 11 on each cover page. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote See response to Item 5 on each cover page. CUSIP No. 74766Q101 SCHEDULE 13G Page 8 of 11 (ii) Shared power to vote or to direct the vote See response to Item 6 on each cover page. (iii) Sole power to dispose or to direct the disposition of See response to Item 7 on each cover page. (iv) Shared power to dispose or to direct the disposition of See response to Item 8 on each cover page. The securities disclosed herein as potentially beneficially owned by Millennium Management LLC, Millennium Group Management LLC and Mr. Englander are held by entities subject to voting control and investment discretion by Millennium Management LLC and/or other investment managers that may be controlled by Millennium Group Management LLC (the managing member of Millennium Management LLC) and Mr. Englander (the sole voting trustee of the managing member of Millennium Group Management LLC). The foregoing should not be construed in and of itself as an admission by Millennium Management LLC, Millennium Group Management LLC or Mr. Englander as to beneficial ownership of the securities held by such entities.

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o .

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable.

Identification and Classification of the Subsidiary Which Acquired

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group See Exhibit I.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not applicable.

Certification

Item 10. Certification By signing below each of the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. CUSIP No. 74766Q101 SCHEDULE 13G Page 9 of 11 Exhibits: Exhibit I: Joint Filing Agreement, dated as of January 26, 2024, by and among Integrated Core Strategies (US) LLC, Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander. CUSIP No. 74766Q101 SCHEDULE 13G Page 10 of 11 SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in this statement is true, complete, and correct. Dated: January 26, 2024 INTEGRATED CORE STRATEGIES (US) LLC By: Integrated Holding Group LP, its Managing Member By: Millennium Management LLC, its General Partner By: /s/Gil Raviv Name: Gil Raviv Title: Global General Counsel MILLENNIUM MANAGEMENT LLC By: /s/Gil Raviv Name: Gil Raviv Title: Global General Counsel MILLENNIUM GROUP MANAGEMENT LLC By: /s/Gil Raviv Name: Gil Raviv Title: Global General Counsel /s/ Israel A. Englander Israel A. Englander CUSIP No. 74766Q101 SCHEDULE 13G Page 11 of 11 EXHIBIT I JOINT FILING AGREEMENT This will confirm the agreement by and among the undersigned that the Schedule 13G filed with the Securities and Exchange Commission on or about the date hereof with respect to the beneficial ownership by the undersigned of the Common Stock, par value $0.001 per share, of Quanterix Corporation will be filed on behalf of each of the persons and entities named below in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as

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