Algert Global LLC Reduces Stake in Mueller Industries

Investment firm sells over 44,000 shares of industrial products company

Mar. 15, 2026 at 7:22am

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Algert Global LLC, an investment management firm, has reduced its stake in Mueller Industries, Inc. (NYSE:MLI) by 10.3% during the third quarter, according to a recent filing with the Securities and Exchange Commission. The firm now owns 384,716 shares of the industrial products company, making it the second-largest position in its portfolio.

Why it matters

The reduction in Algert Global's stake in Mueller Industries is noteworthy as the investment firm is a significant shareholder in the company. Changes in ownership by major institutional investors can signal shifts in market sentiment or changes in the company's fundamentals that are worth monitoring.

The details

According to the SEC filing, Algert Global sold 44,116 shares of Mueller Industries during the third quarter, reducing its total stake to 384,716 shares. The firm now owns 0.35% of the company's outstanding shares, worth approximately $38.9 million as of the most recent quarter.

  • Algert Global LLC reduced its stake in Mueller Industries during the third quarter of 2026.

The players

Algert Global LLC

An investment management firm that owns a significant stake in Mueller Industries, Inc.

Mueller Industries, Inc.

An industrial products company that manufactures and markets copper, brass, aluminum, and plastic products for a variety of markets, including HVAC, refrigeration, plumbing, and automotive.

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The takeaway

The reduction in Algert Global's stake in Mueller Industries is a noteworthy development that bears watching, as changes in ownership by major institutional investors can provide insights into the market's sentiment and the company's performance.