National Beverage
FIZZ
233 hedge funds and large institutions have $1.01B invested in National Beverage in 2025 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 100 increasing their positions, 69 reducing their positions, and 27 closing their positions.
128% more call options, than puts
Call options by funds: $1.18M | Put options by funds: $519K
45% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 69
4% more capital invested
Capital invested by funds: $973M → $1.01B (+$41.7M)
0.05% more ownership
Funds ownership: 25.02% → 25.07% (+0.05%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 238 → 233 (-5)
15% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$6.26M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$3.99M |
| 3 |
Morgan Stanley
New York
|
+$3.94M |
| 4 |
Two Sigma Advisers
New York
|
+$3.1M |
| 5 |
Two Sigma Investments
New York
|
+$2.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cerity Partners
New York
|
-$7.79M |
| 2 |
EP
Edgestream Partners
Princeton,
New Jersey
|
-$5.55M |
| 3 |
Goldman Sachs
New York
|
-$3.46M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$3.05M |
| 5 |
State Street
Boston,
Massachusetts
|
-$3.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
251
SG Americas Securities
New York
| – | -$135K | -3,252 | Closed |
|
252
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
| – | -$87.2K | -2,100 | Closed |
|
|
QCG
253
Quadrant Capital Group
Cincinnati,
Ohio
| – | -$85.2K | -2,052 | Closed |
|
254
KBC Group
Brussels,
Belgium
| – | -$23K | -547 | Closed |
|
255
Simplex Trading
Chicago,
Illinois
| – | -$21.2K | -482 | Closed |
|
|
RTC
256
Riverview Trust Company
Vancouver,
Washington
| – | -$17.9K | -432 | Closed |
|
|
CCM
257
Coldstream Capital Management
Bellevue,
Washington
| – | -$5.19K | -125 | Closed |
|
|
GFPC
258
Global Financial Private Client
Sarasota,
Florida
| – | -$457 | -11 | Closed |
|
|
SC
259
Stephens Consulting
Flint,
Michigan
| – | -$416 | -10 | Closed |
|
|
PCTC
260
Perkins Coie Trust Company
Seattle,
Washington
| – | -$373 | -9 | Closed |
|
FIZZ Hedge Fund Activity: Q2 2025 in Review
233 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in National Beverage (FIZZ) for Q2 2025, worth a combined $1.01B — up 4.3% from $973M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of FIZZ and 23 opened new positions — a net loss of 4 holders — while 69 trimmed existing stakes and 100 added.
The largest buyer was Millennium Management, adding an estimated $6.26M. The largest seller was Cerity Partners, exiting entirely with an estimated $7.79M sold.
- 233 institutional investors held National Beverage (FIZZ) as of Q2 2025, down from 238 in Q1 2025.
- Funds reported $1.01B of National Beverage stock for Q2 2025, up 4.3% quarter-over-quarter.
- 23 funds opened new National Beverage positions in Q2 2025 and 27 closed out, a net change of -4 holders.
- The largest National Beverage buyer in Q2 2025 was Millennium Management, an estimated $6.26M added.
- The largest National Beverage seller in Q2 2025 was Cerity Partners, an estimated $7.79M sold.
Based on aggregated 13F filings for Q2 2025.