Millennium Management Discloses Significant Stake in iRhythm Holdings
| Field | Detail |
|---|---|
| Company | Schedule 13g - Irhythm Holdings, Inc. (0001388658) (Subject) |
| Filed Date | Mar 23, 2026 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, schedule-13g, medical-devices, investor-confidence
TL;DR
**Millennium Management just bought a big chunk of iRhythm Holdings, signaling institutional confidence.**
AI Summary
Millennium Management LLC, a New York-based investment firm, filed a Schedule 13G on March 23, 2026, indicating its beneficial ownership in iRhythm Holdings, Inc. This filing signals that Millennium Management now holds a significant stake in iRhythm, a company specializing in surgical and medical instruments. For investors, this matters because large institutional ownership can be seen as a vote of confidence, potentially attracting more investment and influencing the stock's stability or future performance.
Why It Matters
This filing reveals a major institutional investor, Millennium Management LLC, has taken a substantial position in iRhythm Holdings, Inc., which can influence market perception and investor confidence in the stock.
Risk Assessment
Risk Level: low — A Schedule 13G filing typically indicates passive investment and does not inherently pose a direct risk, often viewed positively as institutional interest.
Analyst Insight
A smart investor would view Millennium Management's 13G filing as a positive signal, potentially indicating a deeper dive into iRhythm's fundamentals to understand why a major institution is investing, and consider if it aligns with their own investment thesis.
Key Players & Entities
- Millennium Management LLC (company) — the entity filing the Schedule 13G, indicating beneficial ownership
- iRhythm Holdings, Inc. (company) — the subject company in which Millennium Management LLC has acquired beneficial ownership
- 0001273087 (person) — CIK for Millennium Management LLC
- 0001388658 (person) — CIK for iRhythm Holdings, Inc.
- 2026-03-23 (dollar_amount) — the filing date of the Schedule 13G
Forward-Looking Statements
- Increased institutional interest in iRhythm Holdings, Inc. may lead to a positive short-term stock price movement. (iRhythm Holdings, Inc.) — medium confidence, target: 2026-06-23
- Millennium Management LLC will maintain its beneficial ownership in iRhythm Holdings, Inc. for at least the next year. (Millennium Management LLC) — medium confidence, target: 2027-03-23
FAQ
What type of filing did Millennium Management LLC submit regarding iRhythm Holdings, Inc.?
Millennium Management LLC submitted a SCHEDULE 13G, which is a Statement of Beneficial Ownership by Certain Investors, concerning iRhythm Holdings, Inc. on March 23, 2026.
What is the CIK number for iRhythm Holdings, Inc. as per this filing?
The CIK number for iRhythm Holdings, Inc. is 0001388658, as stated in the filing.
When was this Schedule 13G filing accepted by the SEC?
The Schedule 13G filing was accepted by the SEC on March 23, 2026, at 16:43:19.
What is the primary business address listed for Millennium Management LLC in this filing?
The primary business address listed for Millennium Management LLC is 399 PARK AVENUE, NEW YORK NY 10022.
What is the SIC code for iRhythm Holdings, Inc. and what does it represent?
The SIC code for iRhythm Holdings, Inc. is 3841, which represents 'Surgical & Medical Instruments & Apparatus'.
Filing Stats: 157 words · 1 min read · ~1 pages · Grade level 10.1 · Accepted 2026-03-23 16:43:19
Key Financial Figures
- $0.001 — ersigned of the Common Stock, par value $0.001 per share, of iRhythm Holdings, Inc. wi
Filing Documents
- primary_doc.html (SCHEDULE 13G)
- primary_doc.xml (SCHEDULE 13G) — 9KB
- tm269598d1_ex-1.htm (EX-99.1) — 5KB
- 0001104659-26-033365.txt ( ) — 15KB
From the Filing
EX-99.1 2 tm269598d1_ex-1.htm EXHIBIT 1 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 iRhythm Holdings, Inc. 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 amended. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Dated: March 20, 2026 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