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Keurig Dr Pepper

591 hedge funds and large institutions have $20.1B invested in Keurig Dr Pepper in 2018 Q1 according to their latest regulatory filings, with 96 funds opening new positions, 115 increasing their positions, 277 reducing their positions, and 119 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 721 (+14)

24% more capital invested

Capital invested by funds: $16.2B → $20.1B (+$3.93B)

2.2% more ownership

Funds ownership: 92.57%94.77% (+2.2%)

8% more call options, than puts

Call options by funds: $258M | Put options by funds: $239M

5% less funds holding

Funds holding: 622591 (-31)

19% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 119

58% less repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 277

Holders
591
Holders Change
-31
Holders Change %
-4.98%
% of All Funds
13.55%
Holding in Top 10
21
Holding in Top 10 Change
+14
Holding in Top 10 Change %
+200%
% of All Funds
0.48%
New
96
Increased
115
Reduced
277
Closed
119
Calls
$258M
Puts
$239M
Net Calls
+$19.8M
Net Calls Change
-$45.7M
Name Holding Trade Value Shares
Change
Change in
Stake
AT
51
AMF Tjänstepension
Sweden
$60.8M -$3.67M -33,087 -6%
Millennium Management
52
Millennium Management
New York
$59.9M +$33.2M +299,107 +144%
New York State Common Retirement Fund
53
New York State Common Retirement Fund
New York
$58.9M -$1.22M -11,000 -2%
GC
54
Guggenheim Capital
Illinois
$58.8M -$19.1M -172,524 -26%
DKCM
55
Davidson Kempner Capital Management
New York
$54.1M +$50.7M +457,427 New
California Public Employees Retirement System
56
California Public Employees Retirement System
California
$52.8M -$10.8M -97,278 -18%
Mitsubishi UFJ Trust & Banking
57
Mitsubishi UFJ Trust & Banking
Japan
$47.8M -$747K -6,741 -2%
WG
58
Winton Group
United Kingdom
$47.2M -$1.29M -11,640 -3%
Baird Financial Group
59
Baird Financial Group
Wisconsin
$47M -$59.2M -533,716 -57%
RhumbLine Advisers
60
RhumbLine Advisers
Massachusetts
$45.6M -$2.33M -21,033 -5%
QOP
61
Quinn Opportunity Partners
Virginia
$44.8M +$41.9M +378,396 New
Neuberger Berman Group
62
Neuberger Berman Group
New York
$43.8M +$27.2M +245,812 +198%
State of Wisconsin Investment Board
63
State of Wisconsin Investment Board
Wisconsin
$41.4M +$16.9M +152,336 +77%
Invesco
64
Invesco
Georgia
$40.3M -$87.5M -789,428 -70%
AllianceBernstein
65
AllianceBernstein
Tennessee
$39.9M -$15.5M -139,493 -29%
TA
66
Teachers Advisors
New York
$39.9M +$1.27M +11,478 +4%
Asset Management One
67
Asset Management One
Japan
$39.8M +$273K +2,467 +0.7%
CS
68
Credit Suisse
Switzerland
$39.7M -$1.59M -14,380 -4%
Jennison Associates
69
Jennison Associates
New York
$38.4M +$35.9M +324,194 New
Bank of Nova Scotia
70
Bank of Nova Scotia
Ontario, Canada
$38.3M +$32.7M +294,921 +1,031%
New York State Teachers Retirement System (NYSTRS)
71
New York State Teachers Retirement System (NYSTRS)
New York
$38.3M -$493K -4,450 -1%
DekaBank Deutsche Girozentrale
72
DekaBank Deutsche Girozentrale
Germany
$38.1M +$1.79M +16,125 +5%
American Century Companies
73
American Century Companies
Missouri
$37.5M -$110M -988,043 -76%
TCA
74
Taconic Capital Advisors
New York
$37M +$34.7M +312,699 New
GT
75
Glenmede Trust
Pennsylvania
$36.4M

KDP Hedge Fund Activity: Q1 2018 in Review

591 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Keurig Dr Pepper (KDP) for Q1 2018, worth a combined $20.1B — up 24% from $16.2B a quarter earlier.

Sellers outnumbered buyers: 119 funds closed out of KDP and 96 opened new positions — a net loss of 23 holders — while 277 trimmed existing stakes and 115 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $1.02B. The largest seller was Fundsmith LLP, exiting entirely with an estimated $849M sold.

  • 591 institutional investors held Keurig Dr Pepper (KDP) as of Q1 2018, down from 622 in Q4 2017.
  • Funds reported $20.1B of Keurig Dr Pepper stock for Q1 2018, up 24% quarter-over-quarter.
  • 96 funds opened new Keurig Dr Pepper positions in Q1 2018 and 119 closed out, a net change of -23 holders.
  • The largest Keurig Dr Pepper buyer in Q1 2018 was T. Rowe Price Associates, an estimated $1.02B added.
  • The largest Keurig Dr Pepper seller in Q1 2018 was Fundsmith LLP, an estimated $849M sold.

Based on aggregated 13F filings for Q1 2018.