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Keurig Dr Pepper

505 hedge funds and large institutions have $19.8B invested in Keurig Dr Pepper in 2018 Q2 according to their latest regulatory filings, with 69 funds opening new positions, 127 increasing their positions, 210 reducing their positions, and 149 closing their positions.

New
Increased
Maintained
Reduced
Closed

89% more call options, than puts

Call options by funds: $646M | Put options by funds: $341M

0% more funds holding in top 10

Funds holding in top 10: 2121 (0)

2% less capital invested

Capital invested by funds: $20.1B → $19.8B (-$353M)

4.7% less ownership

Funds ownership: 94.77%90.07% (-4.7%)

15% less funds holding

Funds holding: 591505 (-86)

40% less repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 210

54% less first-time investments, than exits

New positions opened: 69 | Existing positions closed: 149

Holders
505
Holders Change
-86
Holders Change %
-14.55%
% of All Funds
11.56%
Holding in Top 10
21
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.48%
New
69
Increased
127
Reduced
210
Closed
149
Calls
$646M
Puts
$341M
Net Calls
+$305M
Net Calls Change
+$285M
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$2.31B +$45.3M +376,932 +2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.88B -$371M -3,093,694 -17%
BlackRock
3
BlackRock
New York
$1.8B -$205M -1,704,036 -10%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$1.03B +$237M +1,976,937 +31%
JP Morgan Chase
5
JP Morgan Chase
New York
$958M -$83.5M -695,189 -8%
CRC
6
Cedar Rock Capital
United Kingdom
$947M -$270M -2,246,573 -22%
Millennium Management
7
Millennium Management
New York
$946M +$870M +7,246,614 +1,431%
Goldman Sachs
8
Goldman Sachs
New York
$744M +$127M +1,060,438 +21%
FCM
9
Farallon Capital Management
California
$596M +$194M +1,619,200 +50%
Morgan Stanley
10
Morgan Stanley
New York
$471M +$102M +849,276 +28%
D.E. Shaw & Co
11
D.E. Shaw & Co
New York
$470M +$275M +2,289,204 +146%
Citadel Advisors
12
Citadel Advisors
Florida
$469M +$387M +3,225,911 +521%
Bank of America
13
Bank of America
North Carolina
$452M +$132M +1,102,686 +42%
State Street
14
State Street
Massachusetts
$441M -$459M -3,825,571 -51%
Capital World Investors
15
Capital World Investors
California
$406M
LT
16
Lindsell Train
United Kingdom
$309M -$80.1M -666,843 -21%
Renaissance Technologies
17
Renaissance Technologies
New York
$254M +$95.9M +798,800 +62%
Norges Bank
18
Norges Bank
Norway
$227M -$60M -499,265 -21%
Northern Trust
19
Northern Trust
Illinois
$223M -$83.9M -698,790 -28%
Geode Capital Management
20
Geode Capital Management
Massachusetts
$221M -$57.6M -479,468 -21%
MCM
21
Mason Capital Management
New York
$202M +$90.5M +753,678 +84%
Walleye Trading
22
Walleye Trading
New York
$192M +$94.1M +783,436 +99%
PI
23
Putnam Investments
Massachusetts
$186M -$3.73M -31,021 -2%
Swiss National Bank
24
Swiss National Bank
Switzerland
$148M +$2.19M +18,200 +2%
Public Sector Pension Investment Board (PSP Investments)
25
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$130M -$6.74M -56,119 -5%

KDP Hedge Fund Activity: Q2 2018 in Review

505 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Keurig Dr Pepper (KDP) for Q2 2018, worth a combined $19.8B — down 1.8% from $20.1B a quarter earlier.

Sellers outnumbered buyers: 149 funds closed out of KDP and 69 opened new positions — a net loss of 80 holders — while 210 trimmed existing stakes and 127 added.

The largest buyer was Millennium Management, adding an estimated $870M. The largest seller was State Street, cutting an estimated $459M.

  • 505 institutional investors held Keurig Dr Pepper (KDP) as of Q2 2018, down from 591 in Q1 2018.
  • Funds reported $19.8B of Keurig Dr Pepper stock for Q2 2018, down 1.8% quarter-over-quarter.
  • 69 funds opened new Keurig Dr Pepper positions in Q2 2018 and 149 closed out, a net change of -80 holders.
  • The largest Keurig Dr Pepper buyer in Q2 2018 was Millennium Management, an estimated $870M added.
  • The largest Keurig Dr Pepper seller in Q2 2018 was State Street, an estimated $459M sold.

Based on aggregated 13F filings for Q2 2018.