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Zevia
ZVIA

97 hedge funds and large institutions have $125M invested in Zevia in 2025 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 26 increasing their positions, 14 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 14

74% more capital invested

Capital invested by funds: $71.8M → $125M (+$52.9M)

55% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 29

20% more funds holding

Funds holding: 81 → 97 (+16)

14% more call options, than puts

Call options by funds: $297K | Put options by funds: $261K

4.94% more ownership

Funds ownership: 53.69% → 58.62% (+4.9%)

Holders
97
Holders Change
+16
Holders Change %
+19.75%
% of All Funds
1.28%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
45
Increased
26
Reduced
14
Closed
29
Calls
$297K
Puts
$261K
Net Calls
+$36K
Net Calls Change
-$119K

Top Buyers

Rank Fund Capital Flow
1
DSCM
Divisadero Street Capital Management
Florida
+$8.5M
2
BlackRock
BlackRock
New York
+$4.24M
3
CHP
Castle Hook Partners
New York
+$1.32M
4
EMFAT
Emerald Mutual Fund Advisers Trust
Pennsylvania
+$1M
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$981K

Top Sellers

Rank Fund Capital Flow
1
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
-$5.26M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.17M
3
Millennium Management
Millennium Management
New York
-$1.08M
4
Marshall Wace
Marshall Wace
United Kingdom
-$467K
5
OAC
OMERS Administration Corp
Ontario, Canada
-$340K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$443K +$272K +103,461 +303%
EA
27
Emerald Advisers
Pennsylvania
$418K +$103K +38,986 +43%
Calamos Advisors
28
Calamos Advisors
Illinois
$404K +$216K +82,113 +189%
BCM
29
Bridgeway Capital Management
Texas
$356K – – –
SO
30
STRS Ohio
Ohio
$320K +$262K +99,500 New
Charles Schwab
31
Charles Schwab
California
$320K +$209K +79,369 +397%
TA
32
Tectonic Advisors
Texas
$315K +$257K +97,777 New
Verition Fund Management
33
Verition Fund Management
Connecticut
$243K +$199K +75,445 New
WSFS
34
Wilmington Savings Fund Society
Delaware
$240K – – –
SOW
35
State of Wyoming
Wyoming
$236K +$193K +73,435 New
Bank of New York Mellon
36
Bank of New York Mellon
New York
$230K +$188K +71,447 New
Susquehanna International Group
37
Susquehanna International Group
Pennsylvania
$222K -$1.17M -445,510 -87%
TWC
38
TD Waterhouse Canada
Ontario, Canada
$184K -$82.9K -31,519 -34%
WC
39
Wexford Capital
Florida
$183K +$149K +56,711 New
Barclays
40
Barclays
United Kingdom
$180K +$147K +55,748 New
Goldman Sachs
41
Goldman Sachs
New York
$168K -$263K -99,856 -66%
Northwestern Mutual Wealth Management
42
Northwestern Mutual Wealth Management
Wisconsin
$162K – – –
Jane Street
43
Jane Street
New York
$160K -$71.4K -27,116 -35%
RhumbLine Advisers
44
RhumbLine Advisers
Massachusetts
$145K +$119K +45,179 New
GCP
45
GSA Capital Partners
United Kingdom
$144K +$26.2K +9,945 +29%
UBS Group
46
UBS Group
Switzerland
$137K +$111K +42,000 +9,502%
N
47
Nuveen
North Carolina
$132K +$108K +41,129 New
AG
48
Algert Global
California
$120K +$98.2K +37,330 New
NL
49
NWAM LLC
Washington
$118K +$2.04K +775 +2%
LPL Financial
50
LPL Financial
California
$105K +$85.5K +32,500 New
1
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ZVIA Hedge Fund Activity: Q2 2025 in Review

97 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Zevia (ZVIA) for Q2 2025, worth a combined $125M — up 74% from $71.8M a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new ZVIA positions and 29 closed out — a net gain of 16 holders — while 26 added to existing stakes and 14 trimmed.

The largest buyer was Divisadero Street Capital Management, opening a new position worth an estimated $8.5M. The largest seller was Caisse de Depot et Placement du Quebec (CDPQ), cutting an estimated $5.26M.

  • 97 institutional investors held Zevia (ZVIA) as of Q2 2025, up from 81 in Q1 2025.
  • Funds reported $125M of Zevia stock for Q2 2025, up 74% quarter-over-quarter.
  • 45 funds opened new Zevia positions in Q2 2025 and 29 closed out, a net change of +16 holders.
  • The largest Zevia buyer in Q2 2025 was Divisadero Street Capital Management, an estimated $8.5M added.
  • The largest Zevia seller in Q2 2025 was Caisse de Depot et Placement du Quebec (CDPQ), an estimated $5.26M sold.

Based on aggregated 13F filings for Q2 2025.