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Keurig Dr Pepper
KDP

724 hedge funds and large institutions have $29B invested in Keurig Dr Pepper in 2024 Q1 according to their latest regulatory filings, with 115 funds opening new positions, 298 increasing their positions, 245 reducing their positions, and 80 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 115 | Existing positions closed: 80

22% more repeat investments, than reductions

Existing positions increased: 298 | Existing positions reduced: 245

3% more funds holding

Funds holding: 700 → 724 (+24)

3.02% more ownership

Funds ownership: 64.96% → 67.99% (+3%)

0% more call options, than puts

Call options by funds: $155M | Put options by funds: $154M

4% less capital invested

Capital invested by funds: $30.3B → $29B (-$1.3B)

25% less funds holding in top 10

Funds holding in top 10: 8 → 6 (-2)

Holders
724
Holders Change
+24
Holders Change %
+3.43%
% of All Funds
10.43%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.09%
New
115
Increased
298
Reduced
245
Closed
80
Calls
$155M
Puts
$154M
Net Calls
+$313K
Net Calls Change
-$65.9M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$512M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$377M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$241M
4
Citadel Advisors
Citadel Advisors
Florida
+$226M
5
BlackRock
BlackRock
New York
+$209M

Top Sellers

1
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$423M
2
Capital International Investors
Capital International Investors
California
-$364M
3
Morgan Stanley
Morgan Stanley
New York
-$242M
4
Norges Bank
Norges Bank
Norway
-$214M
5
Capital World Investors
Capital World Investors
California
-$131M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS AM
26
UBS AM
Illinois
$180M +$2.33M +75,766 +1%
Charles Schwab
27
Charles Schwab
California
$174M +$8.15M +264,571 +5%
California Public Employees Retirement System
28
California Public Employees Retirement System
California
$172M -$5.8M -188,422 -3%
Barclays
29
Barclays
United Kingdom
$164M +$20.1M +654,108 +14%
BG
30
Bahl & Gaynor
Ohio
$154M +$2.38M +77,460 +2%
Renaissance Technologies
31
Renaissance Technologies
New York
$150M +$45.1M +1,463,700 +43%
N
32
Nuveen
North Carolina
$146M -$1.55M -50,283 -1%
Millennium Management
33
Millennium Management
New York
$142M +$83.4M +2,708,241 +141%
Goldman Sachs
34
Goldman Sachs
New York
$141M -$10.6M -343,279 -7%
Dimensional Fund Advisors
35
Dimensional Fund Advisors
Texas
$138M +$34.3M +1,113,775 +33%
Viking Global Investors
36
Viking Global Investors
Connecticut
$137M +$48.5M +1,574,205 +55%
Retirement Systems of Alabama
37
Retirement Systems of Alabama
Alabama
$130M +$28.5M +924,896 +28%
Prudential Financial
38
Prudential Financial
New Jersey
$119M +$94.7M +3,075,645 +383%
Voloridge Investment Management
39
Voloridge Investment Management
Florida
$114M +$110M +3,566,432 +2,195%
Point72 Asset Management
40
Point72 Asset Management
Connecticut
$114M -$36.7M -1,190,627 -24%
Amundi
41
Amundi
France
$106M +$22.9M +742,384 +28%
First Trust Advisors
42
First Trust Advisors
Illinois
$103M +$3.09M +100,384 +3%
Victory Capital Management
43
Victory Capital Management
Texas
$101M +$5.08M +165,072 +5%
Swiss National Bank
44
Swiss National Bank
Switzerland
$100M -$308K -10,000 -0.3%
Pathstone Holdings
45
Pathstone Holdings
New Jersey
$97.1M -$90.1K -2,926 -0.1%
Sumitomo Mitsui Trust Group
46
Sumitomo Mitsui Trust Group
Japan
$94.6M +$298K +9,674 +0.3%
Canada Pension Plan Investment Board
47
Canada Pension Plan Investment Board
Ontario, Canada
$93.9M +$3.08M +100,036 +3%
LP
48
Lexington Partners
New York
$92M – – –
Deutsche Bank
49
Deutsche Bank
Germany
$91.1M +$8.8M +285,837 +11%
UBS Group
50
UBS Group
Switzerland
$90.8M +$6.78M +220,176 +8%
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KDP Hedge Fund Activity: Q1 2024 in Review

724 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Keurig Dr Pepper (KDP) for Q1 2024, worth a combined $29B — down 4.3% from $30.3B a quarter earlier.

Buyers outnumbered sellers: 115 funds opened new KDP positions and 80 closed out — a net gain of 35 holders — while 298 added to existing stakes and 245 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $512M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $423M.

  • 724 institutional investors held Keurig Dr Pepper (KDP) as of Q1 2024, up from 700 in Q4 2023.
  • Funds reported $29B of Keurig Dr Pepper stock for Q1 2024, down 4.3% quarter-over-quarter.
  • 115 funds opened new Keurig Dr Pepper positions in Q1 2024 and 80 closed out, a net change of +35 holders.
  • The largest Keurig Dr Pepper buyer in Q1 2024 was Fidelity Investments, an estimated $512M added.
  • The largest Keurig Dr Pepper seller in Q1 2024 was T. Rowe Price Investment Management, an estimated $423M sold.

Based on aggregated 13F filings for Q1 2024.