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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
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$2.2B +$1.02B +9,210,023 +98%
Vanguard Group
2
Vanguard Group
Pennsylvania
$2.19B +$1.11M +10,003 +0.1%
BlackRock
3
BlackRock
New York
$1.95B -$449M -4,049,541 -20%
CRC
4
Cedar Rock Capital
United Kingdom
$1.18B -$6.58M -59,374 -0.6%
JP Morgan Chase
5
JP Morgan Chase
New York
$1.01B -$223M -2,012,735 -19%
State Street
6
State Street
Massachusetts
$881M -$84.5M -762,288 -9%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$763M +$374M +3,372,296 +110%
Goldman Sachs
8
Goldman Sachs
New York
$596M +$360M +3,249,356 +182%
Capital World Investors
9
Capital World Investors
California
$394M +$369M +3,325,000 New
FCM
10
Farallon Capital Management
California
$387M +$362M +3,265,800 New
LT
11
Lindsell Train
United Kingdom
$379M -$2.49M -22,436 -0.7%
Morgan Stanley
12
Morgan Stanley
New York
$357M +$264M +2,384,743 +380%
Bank of America
13
Bank of America
North Carolina
$308M +$156M +1,403,972 +117%
Northern Trust
14
Northern Trust
Illinois
$299M +$929K +8,381 +0.3%
Norges Bank
15
Norges Bank
Norway
$279M
Geode Capital Management
16
Geode Capital Management
Massachusetts
$271M +$19.1M +172,525 +8%
D.E. Shaw & Co
17
D.E. Shaw & Co
New York
$185M +$131M +1,183,414 +310%
PI
18
Putnam Investments
Massachusetts
$184M +$14.6M +131,816 +9%
TAM
19
Troy Asset Management
United Kingdom
$176M -$4.32M -39,000 -3%
N
20
Natixis
France
$161M +$146M +1,316,746 +2,812%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$157M -$4.97M -44,856 -3%
Renaissance Technologies
22
Renaissance Technologies
New York
$152M +$62.5M +563,600 +78%
Swiss National Bank
23
Swiss National Bank
Switzerland
$141M -$2.05M -18,500 -2%
Principal Financial Group
24
Principal Financial Group
Iowa
$134M -$59M -532,169 -32%
Public Sector Pension Investment Board (PSP Investments)
25
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$133M +$123M +1,110,511 +11,587%

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.