National Beverage
FIZZ
230 hedge funds and large institutions have $752M invested in National Beverage in 2025 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 94 increasing their positions, 75 reducing their positions, and 38 closing their positions.
119% more call options, than puts
Call options by funds: $836K | Put options by funds: $382K
25% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 75
0.66% more ownership
Funds ownership: 24.53% → 25.19% (+0.66%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 236 → 230 (-6)
11% less capital invested
Capital invested by funds: $848M → $752M (-$95.8M)
13% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 38
Top Buyers
| 1 |
BlackRock
New York
|
+$9.59M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$6.33M |
| 3 |
Goldman Sachs
New York
|
+$3.54M |
| 4 |
Voloridge Investment Management
Jupiter,
Florida
|
+$3.36M |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$2.66M |
Top Sellers
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$5.94M |
| 2 |
Millennium Management
New York
|
-$4.06M |
| 3 |
D.E. Shaw & Co
New York
|
-$3.74M |
| 4 |
Two Sigma Investments
New York
|
-$3.63M |
| 5 |
Tudor Investment Corp
Stamford,
Connecticut
|
-$3.27M |
FIZZ Hedge Fund Activity: Q4 2025 in Review
230 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in National Beverage (FIZZ) for Q4 2025, worth a combined $752M — down 11% from $848M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of FIZZ and 33 opened new positions — a net loss of 5 holders — while 75 trimmed existing stakes and 94 added.
The largest buyer was BlackRock, adding an estimated $9.59M. The largest seller was Kayne Anderson Rudnick Investment Management, cutting an estimated $5.94M.
- 230 institutional investors held National Beverage (FIZZ) as of Q4 2025, down from 236 in Q3 2025.
- Funds reported $752M of National Beverage stock for Q4 2025, down 11% quarter-over-quarter.
- 33 funds opened new National Beverage positions in Q4 2025 and 38 closed out, a net change of -5 holders.
- The largest National Beverage buyer in Q4 2025 was BlackRock, an estimated $9.59M added.
- The largest National Beverage seller in Q4 2025 was Kayne Anderson Rudnick Investment Management, an estimated $5.94M sold.
Based on aggregated 13F filings for Q4 2025.