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Keurig Dr Pepper
KDP

700 hedge funds and large institutions have $30.3B invested in Keurig Dr Pepper in 2023 Q4 according to their latest regulatory filings, with 117 funds opening new positions, 274 increasing their positions, 247 reducing their positions, and 86 closing their positions.

New
Increased
Maintained
Reduced
Closed

76% more call options, than puts

Call options by funds: $153M | Put options by funds: $86.6M

36% more first-time investments, than exits

New positions opened: 117 | Existing positions closed: 86

11% more repeat investments, than reductions

Existing positions increased: 274 | Existing positions reduced: 247

8% more capital invested

Capital invested by funds: $27.9B → $30.3B (+$2.35B)

3% more funds holding

Funds holding: 680 → 700 (+20)

2.04% more ownership

Funds ownership: 62.92% → 64.96% (+2%)

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

Holders
700
Holders Change
+20
Holders Change %
+2.94%
% of All Funds
10.21%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.12%
New
117
Increased
274
Reduced
247
Closed
86
Calls
$153M
Puts
$86.6M
Net Calls
+$66.2M
Net Calls Change
+$185M

Top Buyers

1
Capital World Investors
Capital World Investors
California
+$428M
2
Morgan Stanley
Morgan Stanley
New York
+$355M
3
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
+$318M
4
BlackRock
BlackRock
New York
+$140M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$115M

Top Sellers

1
Neuberger Berman Group
Neuberger Berman Group
New York
-$212M
2
Citadel Advisors
Citadel Advisors
Florida
-$150M
3
Boston Partners
Boston Partners
Massachusetts
-$120M
4
Millennium Management
Millennium Management
New York
-$75.9M
5
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$66.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS AM
26
UBS AM
Illinois
$193M +$15.6M +502,110 +9%
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$193M -$409K -13,111 -0.2%
Charles Schwab
28
Charles Schwab
California
$181M +$5.49M +176,325 +3%
BG
29
Bahl & Gaynor
Ohio
$165M -$13.2M -423,222 -8%
Goldman Sachs
30
Goldman Sachs
New York
$165M +$9.19M +294,984 +6%
Point72 Asset Management
31
Point72 Asset Management
Connecticut
$163M +$64.1M +2,057,365 +72%
N
32
Nuveen
North Carolina
$161M -$32.2M -1,032,428 -18%
Barclays
33
Barclays
United Kingdom
$156M +$10.6M +341,337 +8%
AllianceBernstein
34
AllianceBernstein
Tennessee
$123M +$37.3M +1,196,788 +48%
Renaissance Technologies
35
Renaissance Technologies
New York
$114M -$54M -1,732,845 -34%
Dimensional Fund Advisors
36
Dimensional Fund Advisors
Texas
$113M +$15.7M +503,479 +17%
Retirement Systems of Alabama
37
Retirement Systems of Alabama
Alabama
$110M -$174K -5,583 -0.2%
Swiss National Bank
38
Swiss National Bank
Switzerland
$109M +$10.7M +342,000 +12%
First Trust Advisors
39
First Trust Advisors
Illinois
$108M +$2.77M +89,031 +3%
Pathstone Holdings
40
Pathstone Holdings
New Jersey
$106M +$98.7M +3,168,319 New
HCM
41
Hamlin Capital Management
New York
$104M +$32.3M +1,035,337 +50%
Victory Capital Management
42
Victory Capital Management
Texas
$104M +$1.82M +58,469 +2%
Sumitomo Mitsui Trust Group
43
Sumitomo Mitsui Trust Group
Japan
$102M +$8.23M +264,273 +9%
LP
44
Lexington Partners
New York
$100M – – –
Canada Pension Plan Investment Board
45
Canada Pension Plan Investment Board
Ontario, Canada
$98.6M +$29M +930,217 +46%
Viking Global Investors
46
Viking Global Investors
Connecticut
$96.2M +$18.7M +598,610 +26%
UBS Group
47
UBS Group
Switzerland
$91.3M +$17M +544,858 +25%
Deutsche Bank
48
Deutsche Bank
Germany
$89.4M +$8.37M +268,659 +11%
DC
49
Davenport & Co
Virginia
$86.8M +$15.9M +509,393 +24%
Principal Financial Group
50
Principal Financial Group
Iowa
$85.3M -$2.72M -87,329 -3%
1
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KDP Hedge Fund Activity: Q4 2023 in Review

700 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Keurig Dr Pepper (KDP) for Q4 2023, worth a combined $30.3B — up 8.4% from $27.9B a quarter earlier.

Buyers outnumbered sellers: 117 funds opened new KDP positions and 86 closed out — a net gain of 31 holders — while 274 added to existing stakes and 247 trimmed.

The largest buyer was Capital World Investors, adding an estimated $428M. The largest seller was Neuberger Berman Group, cutting an estimated $212M.

  • 700 institutional investors held Keurig Dr Pepper (KDP) as of Q4 2023, up from 680 in Q3 2023.
  • Funds reported $30.3B of Keurig Dr Pepper stock for Q4 2023, up 8.4% quarter-over-quarter.
  • 117 funds opened new Keurig Dr Pepper positions in Q4 2023 and 86 closed out, a net change of +31 holders.
  • The largest Keurig Dr Pepper buyer in Q4 2023 was Capital World Investors, an estimated $428M added.
  • The largest Keurig Dr Pepper seller in Q4 2023 was Neuberger Berman Group, an estimated $212M sold.

Based on aggregated 13F filings for Q4 2023.