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Keurig Dr Pepper

680 hedge funds and large institutions have $27.9B invested in Keurig Dr Pepper in 2023 Q3 according to their latest regulatory filings, with 93 funds opening new positions, 344 increasing their positions, 171 reducing their positions, and 68 closing their positions.

New
Increased
Maintained
Reduced
Closed

101% more repeat investments, than reductions

Existing positions increased: 344 | Existing positions reduced: 171

60% more funds holding in top 10

Funds holding in top 10: 58 (+3)

37% more first-time investments, than exits

New positions opened: 93 | Existing positions closed: 68

10% more capital invested

Capital invested by funds: $25.4B → $27.9B (+$2.5B)

5.1% more ownership

Funds ownership: 57.82%62.92% (+5.1%)

3% more funds holding

Funds holding: 660680 (+20)

46% less call options, than puts

Call options by funds: $141M | Put options by funds: $260M

Holders
680
Holders Change
+20
Holders Change %
+3.03%
% of All Funds
10.79%
Holding in Top 10
8
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+60%
% of All Funds
0.13%
New
93
Increased
344
Reduced
171
Closed
68
Calls
$141M
Puts
$260M
Net Calls
-$118M
Net Calls Change
+$54.2M
Name Holding Trade Value Shares
Change
Change in
Stake
CS
51
Credit Suisse
Switzerland
$72.5M -$39.4K -1,194 -0.1%
Viking Global Investors
52
Viking Global Investors
Connecticut
$72.2M +$75.5M +2,288,261 New
Two Sigma Investments
53
Two Sigma Investments
New York
$71.2M -$12.5M -380,270 -14%
Ameriprise
54
Ameriprise
Minnesota
$69.4M -$100M -3,034,334 -58%
UBS Group
55
UBS Group
Switzerland
$69.3M -$8.99M -272,360 -11%
DC
56
Davenport & Co
Virginia
$66.1M -$35.4K -1,073 -0.1%
HCM
57
Hamlin Capital Management
New York
$65.7M +$6.65M +201,631 +11%
Canada Pension Plan Investment Board
58
Canada Pension Plan Investment Board
Ontario, Canada
$64.1M +$2.71M +82,222 +4%
Amundi
59
Amundi
France
$63.6M -$9.68M -293,396 -11%
PF
60
Phoenix Financial
Israel
$62.5M +$65M +1,971,245 New
Luther King Capital Management (LKCM)
61
Luther King Capital Management (LKCM)
Texas
$60.2M -$12.6M -382,493 -17%
Envestnet Asset Management
62
Envestnet Asset Management
Illinois
$58.8M +$25.2M +762,573 +69%
CCM
63
Candlestick Capital Management
Connecticut
$58.4M +$61M +1,850,000 New
RhumbLine Advisers
64
RhumbLine Advisers
Massachusetts
$55.9M +$3.55M +107,494 +6%
HSBC Holdings
65
HSBC Holdings
United Kingdom
$55.7M +$1.72M +52,242 +3%
BNP Paribas Financial Markets
66
BNP Paribas Financial Markets
France
$55.1M -$798K -24,181 -1%
Aberdeen Group
67
Aberdeen Group
United Kingdom
$54.3M +$40.6M +1,230,821 +252%
RRAM
68
River Road Asset Management
Kentucky
$53.6M -$21.3M -646,147 -28%
WMSA
69
Weiss Multi-Strategy Advisers
New York
$51.6M +$16.3M +494,923 +43%
Royal Bank of Canada
70
Royal Bank of Canada
Ontario, Canada
$50.4M +$17.1M +517,502 +48%
Fidelity International
71
Fidelity International
Bermuda
$48.3M -$29.4M -890,914 -37%
New York State Common Retirement Fund
72
New York State Common Retirement Fund
New York
$47.6M -$2.79M -84,668 -5%
California State Teachers Retirement System (CalSTRS)
73
California State Teachers Retirement System (CalSTRS)
California
$47.5M -$1.51M -45,829 -3%
National Bank of Canada
74
National Bank of Canada
Quebec, Canada
$47.2M +$37.2M +1,128,662 +293%
AC
75
Armistice Capital
New York
$45.5M +$3.15M +95,332 +7%

KDP Hedge Fund Activity: Q3 2023 in Review

680 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Keurig Dr Pepper (KDP) for Q3 2023, worth a combined $27.9B — up 9.8% from $25.4B a quarter earlier.

Buyers outnumbered sellers: 93 funds opened new KDP positions and 68 closed out — a net gain of 25 holders — while 344 added to existing stakes and 171 trimmed.

The largest buyer was Capital World Investors, adding an estimated $451M. The largest seller was Man Group, exiting entirely with an estimated $180M sold.

  • 680 institutional investors held Keurig Dr Pepper (KDP) as of Q3 2023, up from 660 in Q2 2023.
  • Funds reported $27.9B of Keurig Dr Pepper stock for Q3 2023, up 9.8% quarter-over-quarter.
  • 93 funds opened new Keurig Dr Pepper positions in Q3 2023 and 68 closed out, a net change of +25 holders.
  • The largest Keurig Dr Pepper buyer in Q3 2023 was Capital World Investors, an estimated $451M added.
  • The largest Keurig Dr Pepper seller in Q3 2023 was Man Group, an estimated $180M sold.

Based on aggregated 13F filings for Q3 2023.