Millennium Management Discloses Significant Stake in Mobileye Global

TL;DR

**Millennium Management just bought a big chunk of Mobileye, signaling institutional bullishness.**

AI Summary

Millennium Management LLC, a New York-based investment firm led by Israel A. Englander, reported on January 9, 2024, that it holds a significant stake in Mobileye Global Inc. (MBLY) as of January 4, 2024. This filing indicates that a major institutional investor sees value in Mobileye, which could signal confidence in the company's future prospects and potentially attract other investors, positively impacting the stock price for current and prospective shareholders.

Why It Matters

This filing reveals a major hedge fund's investment in Mobileye, suggesting institutional confidence that could influence other investors and potentially boost the stock.

Risk Assessment

Risk Level: low — The filing indicates a large institutional investment, generally seen as a positive signal, thus lowering perceived risk.

Analyst Insight

A smart investor would research Mobileye Global Inc. further, considering this institutional vote of confidence, and potentially look for entry points if the company's fundamentals align with their investment strategy.

Key Players & Entities

• Millennium Management LLC (company) — the reporting person and investment firm
• Israel A. Englander (person) — group member of the reporting entity
• Mobileye Global Inc. (company) — the subject company (issuer) of the securities
• Millennium Group Management LLC (company) — group member of the reporting entity

FAQ

From the Filing

0001273087-24-000005.txt : 20240109 0001273087-24-000005.hdr.sgml : 20240109 20240109163041 ACCESSION NUMBER: 0001273087-24-000005 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240109 DATE AS OF CHANGE: 20240109 GROUP MEMBERS: ISRAEL A. ENGLANDER GROUP MEMBERS: MILLENNIUM GROUP MANAGEMENT LLC GROUP MEMBERS: MILLENNIUM MANAGEMENT LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Mobileye Global Inc. CENTRAL INDEX KEY: 0001910139 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-93811 FILM NUMBER: 24523639 BUSINESS ADDRESS: STREET 1: HAR HOTZVIM, 13 HARTOM STREET STREET 2: P.O. BOX 45157 CITY: JERUSALEM STATE: L3 ZIP: 97775 BUSINESS PHONE: 972 2 541 7333 MAIL ADDRESS: STREET 1: HAR HOTZVIM, 13 HARTOM STREET STREET 2: P.O. BOX 45157 CITY: JERUSALEM STATE: L3 ZIP: 97775 FORMER COMPANY: FORMER CONFORMED NAME: Mobileye Holdings Inc. DATE OF NAME CHANGE: 20220224 FORMER COMPANY: FORMER CONFORMED NAME: Mobileye Group Inc. DATE OF NAME CHANGE: 20220209 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MILLENNIUM MANAGEMENT LLC CENTRAL INDEX KEY: 0001273087 ORGANIZATION NAME: IRS NUMBER: 133804139 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 841-4100 MAIL ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: MILLENNIUM MANAGEMENT, L.L.C. DATE OF NAME CHANGE: 20050310 FORMER COMPANY: FORMER CONFORMED NAME: MILLENNIUM MANAGEMENT LLC DATE OF NAME CHANGE: 20031212 SC 13G 1 MBLY_SC13G.htm SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 MOBILEYE GLOBAL INC. (Name of Issuer) CLASS A COMMON STOCK, PAR VALUE $0.01 PER SHARE (Title of Class of Securities) 60741F104 (CUSIP Number) JANUARY 4, 2024 (Date of event which requires filing of this statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: o Rule 13d-1(b) þ Rule 13d-1(c) o Rule 13d-1(d) The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the notes). CUSIP No. 60741F104 SCHEDULE 13G Page 2 of 10 1 NAMES OF REPORTING PERSONS Millennium Management LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER -0- 6 SHARED VOTING POWER 5,876,403 7 SOLE DISPOSITIVE POWER -0- 8 SHARED DISPOSITIVE POWER 5,876,403 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,876,403 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.2% 12 TYPE OF REPORTING PERSON OO CUSIP No. 60741F104 SCHEDULE 13G Page 3 of 10 1 NAMES OF REPORTING PERSONS Millennium Group Management LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER -0- 6 SHARED VOTING POWER 5,876,403 7 SOLE DISPOSITIVE POWER -0- 8 SHARED DISPOSITIVE POWER 5,876,4