National Beverage
FIZZ
236 hedge funds and large institutions have $848M invested in National Beverage in 2025 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 77 increasing their positions, 84 reducing their positions, and 26 closing their positions.
194% more call options, than puts
Call options by funds: $1.72M | Put options by funds: $583K
23% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 26
1% more funds holding
Funds holding: 233 → 236 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.54% less ownership
Funds ownership: 25.07% → 24.53% (-0.54%)
8% less repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 84
16% less capital invested
Capital invested by funds: $1.01B → $848M (-$167M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$4.85M |
| 2 |
AG
Algert Global
San Francisco,
California
|
+$3.97M |
| 3 |
TI
Trexquant Investment
Stamford,
Connecticut
|
+$2.99M |
| 4 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$2.97M |
| 5 |
Two Sigma Advisers
New York
|
+$2.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$11.5M |
| 2 |
Natixis Advisors
Boston,
Massachusetts
|
-$7.01M |
| 3 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$3.96M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$3.09M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
-$2.89M |
FIZZ Hedge Fund Activity: Q3 2025 in Review
236 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in National Beverage (FIZZ) for Q3 2025, worth a combined $848M — down 16% from $1.01B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new FIZZ positions and 26 closed out — a net gain of 6 holders — while 77 added to existing stakes and 84 trimmed.
The largest buyer was Two Sigma Investments, adding an estimated $4.85M. The largest seller was Millennium Management, cutting an estimated $11.5M.
- 236 institutional investors held National Beverage (FIZZ) as of Q3 2025, up from 233 in Q2 2025.
- Funds reported $848M of National Beverage stock for Q3 2025, down 16% quarter-over-quarter.
- 32 funds opened new National Beverage positions in Q3 2025 and 26 closed out, a net change of +6 holders.
- The largest National Beverage buyer in Q3 2025 was Two Sigma Investments, an estimated $4.85M added.
- The largest National Beverage seller in Q3 2025 was Millennium Management, an estimated $11.5M sold.
Based on aggregated 13F filings for Q3 2025.