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National Beverage

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.

New
Increased
Maintained
Reduced
Closed

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: 11 (0)

2% less funds holding

Funds holding: 238233 (-5)

15% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 27

Holders
233
Holders Change
-5
Holders Change %
-2.1%
% of All Funds
3.07%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
23
Increased
100
Reduced
69
Closed
27
Calls
$1.18M
Puts
$519K
Net Calls
+$665K
Net Calls Change
-$41K
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$158M +$1.39M +31,511 +0.9%
Renaissance Technologies
2
Renaissance Technologies
New York
$140M -$2.77M -63,000 -2%
Vanguard Group
3
Vanguard Group
Pennsylvania
$122M +$583K +13,257 +0.5%
Kayne Anderson Rudnick Investment Management
4
Kayne Anderson Rudnick Investment Management
California
$112M -$568K -12,901 -0.5%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$58.1M +$1.73M +39,294 +3%
State Street
6
State Street
Massachusetts
$35.7M -$3.03M -68,946 -8%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$33.7M +$1.06M +23,987 +3%
Morgan Stanley
8
Morgan Stanley
New York
$18.7M +$3.94M +89,648 +26%
Millennium Management
9
Millennium Management
New York
$18.1M +$6.26M +142,270 +52%
Natixis Advisors
10
Natixis Advisors
Massachusetts
$15.3M +$461K +10,481 +3%
D.E. Shaw & Co
11
D.E. Shaw & Co
New York
$12.4M +$2.41M +54,857 +24%
Northern Trust
12
Northern Trust
Illinois
$12.1M +$24.5K +556 +0.2%
Charles Schwab
13
Charles Schwab
California
$11.9M +$663K +15,072 +6%
Bank of America
14
Bank of America
North Carolina
$11.7M +$1.65M +37,575 +16%
Norges Bank
15
Norges Bank
Norway
$10.4M +$581K +13,193 +6%
Wells Fargo
16
Wells Fargo
California
$9.7M +$26.1K +593 +0.3%
Qube Research & Technologies (QRT)
17
Qube Research & Technologies (QRT)
United Kingdom
$9.66M -$1.54M -34,968 -14%
Two Sigma Advisers
18
Two Sigma Advisers
New York
$9.46M +$3.1M +70,400 +47%
Two Sigma Investments
19
Two Sigma Investments
New York
$9.02M +$2.7M +61,319 +42%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$9.02M -$269K -6,117 -3%
Citadel Advisors
21
Citadel Advisors
Florida
$8.57M +$1.08M +24,609 +14%
RAM
22
RK Asset Management
Michigan
$8.21M -$38K -864 -0.5%
Envestnet Asset Management
23
Envestnet Asset Management
Illinois
$8.08M -$796K -18,089 -9%
Invesco
24
Invesco
Georgia
$7.78M -$1.68M -38,262 -18%
DA
25
Denali Advisors
California
$6.06M -$1.03M -23,350 -14%

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.