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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
Wells Fargo
51
Wells Fargo
California
$88.9M +$12.4M +403,841 +16%
BNP Paribas Financial Markets
52
BNP Paribas Financial Markets
France
$82.3M +$27.6M +895,605 +50%
DC
53
Davenport & Co
Virginia
$80M +$159K +5,176 +0.2%
Norges Bank
54
Norges Bank
Norway
$80M -$214M -6,935,052 -73%
CS
55
Credit Suisse
Switzerland
$69.9M -$8.46M -274,718 -11%
HSBC Holdings
56
HSBC Holdings
United Kingdom
$69.6M +$12.4M +403,554 +22%
AllianceBernstein
57
AllianceBernstein
Tennessee
$66.5M -$46.8M -1,520,681 -41%
Envestnet Asset Management
58
Envestnet Asset Management
Illinois
$60.2M +$1.99M +64,707 +3%
Aberdeen Group
59
Aberdeen Group
United Kingdom
$59M +$1.65M +53,708 +3%
RhumbLine Advisers
60
RhumbLine Advisers
Massachusetts
$57.1M +$1.5M +48,614 +3%
California State Teachers Retirement System (CalSTRS)
61
California State Teachers Retirement System (CalSTRS)
California
$56.2M +$2.89M +93,989 +5%
HCM
62
Hamlin Capital Management
New York
$55.7M -$40M -1,299,458 -42%
Ameriprise
63
Ameriprise
Minnesota
$54.9M -$3.61M -117,300 -6%
AQR Capital Management
64
AQR Capital Management
Connecticut
$54.6M -$4.88M -158,595 -8%
SG Americas Securities
65
SG Americas Securities
New York
$51.2M +$21.7M +703,900 +73%
Royal Bank of Canada
66
Royal Bank of Canada
Ontario, Canada
$49.2M -$5.91M -191,802 -11%
Principal Financial Group
67
Principal Financial Group
Iowa
$49M -$29.6M -961,095 -38%
ProShare Advisors
68
ProShare Advisors
Maryland
$45.5M +$8.3M +269,540 +22%
Bank of Montreal
69
Bank of Montreal
Ontario, Canada
$43.8M -$3.23M -104,826 -7%
Fidelity International
70
Fidelity International
Bermuda
$42.3M -$12.4M -404,276 -23%
National Pension Service
71
National Pension Service
South Korea
$41.7M +$5.29M +171,874 +14%
Mitsubishi UFJ Asset Management
72
Mitsubishi UFJ Asset Management
Japan
$41.2M +$7.72M +250,606 +23%
New York State Common Retirement Fund
73
New York State Common Retirement Fund
New York
$41.2M -$2.02M -65,537 -5%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
74
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$41M +$11.1M +361,043 +37%
Mirae Asset Global Investments
75
Mirae Asset Global Investments
South Korea
$40.7M -$3.23M -104,836 -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.