SCHEDULE 13G: Millennium Affiliates Disclose Over 5% Passive Stake in Utz Brands, Inc.

Integrated Core Strategies (US) LLC, Millennium Management LLC, Millennium Group Management LLC, and Israel A. Englander have collectively disclosed a passive beneficial ownership exceeding 5% in Utz Brands, Inc.'s Class A Common Stock.

Summary

• Integrated Core Strategies (US) LLC reported beneficial ownership of 4,442,729 shares of Utz Brands, Inc. Class A Common Stock, representing 5.2% of the class.
• Millennium Management LLC, Millennium Group Management LLC, and Israel A. Englander each reported beneficial ownership of 4,524,080 shares, representing 5.3% of the class.
• The reporting persons, including Integrated Core Strategies (US) LLC, Millennium Management LLC, Millennium Group Management LLC, and Israel A. Englander, are filing as a group under Rule 13d-1(c).
• The shares were acquired and are held for investment purposes and not with the intent to change or influence the control of Utz Brands, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a factual disclosure of beneficial ownership, indicating a passive investment without any stated positive or negative implications for the company's operations or financial performance.

Positives

• Increased transparency regarding significant institutional ownership in Utz Brands, Inc.
• The filing indicates a passive investment intent, suggesting no immediate plans for activist engagement or control changes.

Risks

• The disclosed ownership is a passive investment, meaning the reporting entities do not intend to influence or change control of Utz Brands, Inc., which limits potential for shareholder activism to drive immediate strategic shifts.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding Utz Brands, Inc.'s future performance or strategic direction, as it is solely a beneficial ownership disclosure.

Industry Context

This filing reflects a significant passive investment by a prominent hedge fund group in a publicly traded company within the consumer packaged goods sector, specifically snack foods. Such disclosures are routine and provide insight into institutional investor interest in the industry, but do not inherently indicate broader industry trends or competitive shifts.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, confirming a passive investment stance by the reporting entities.

Key Dates

Keywords

Utz Brands, Millennium Management, Integrated Core Strategies, Israel A. Englander, SEC filing, Schedule 13G, beneficial ownership, Class A Common Stock, passive investment, consumer staples, snack foods