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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: 8197 (+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
Name Holding Trade Value Shares
Change
Change in
Stake
Caisse de Depot et Placement du Quebec (CDPQ)
1
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$64.5M -$5.26M -2,000,000 -9%
DSCM
2
Divisadero Street Capital Management
Florida
$10.4M +$8.5M +3,230,980 New
BlackRock
3
BlackRock
New York
$6.43M +$4.24M +1,611,121 +418%
Vanguard Group
4
Vanguard Group
Pennsylvania
$6.04M +$791K +300,450 +19%
SAM
5
Silvercrest Asset Management
New York
$4.24M
ACH
6
ArrowMark Colorado Holdings
Colorado
$3.86M
Geode Capital Management
7
Geode Capital Management
Massachusetts
$3.01M +$981K +372,665 +66%
EMFAT
8
Emerald Mutual Fund Advisers Trust
Pennsylvania
$2.45M +$1M +380,693 +100%
Acadian Asset Management
9
Acadian Asset Management
Massachusetts
$2.09M +$114K +43,318 +7%
CHP
10
Castle Hook Partners
New York
$1.61M +$1.32M +500,000 New
State Street
11
State Street
Massachusetts
$1.48M +$642K +243,980 +114%
Jacobs Levy Equity Management
12
Jacobs Levy Equity Management
New Jersey
$1.42M -$274K -104,177 -19%
Renaissance Technologies
13
Renaissance Technologies
New York
$979K +$125K +47,400 +18%
GCM
14
Ghisallo Capital Management
Massachusetts
$970K +$793K +301,300 New
Millennium Management
15
Millennium Management
New York
$963K -$1.08M -410,125 -58%
Northern Trust
16
Northern Trust
Illinois
$951K +$463K +175,811 +147%
Bank of Montreal
17
Bank of Montreal
Ontario, Canada
$943K +$771K +292,800 New
Dimensional Fund Advisors
18
Dimensional Fund Advisors
Texas
$917K +$419K +159,243 +127%
Russell Investments Group
19
Russell Investments Group
United Kingdom
$858K +$350K +132,994 +100%
HCM
20
Hodges Capital Management
Texas
$734K +$600K +228,000 New
Squarepoint
21
Squarepoint
New York
$538K -$25.3K -9,616 -5%
GGHC
22
Gilder Gagnon Howe & Co
New York
$503K +$132K +50,041 +47%
MCM
23
Moore Capital Management
New York
$483K +$395K +150,000 New
KI
24
Kapitalo Investimentos
Brazil
$467K +$382K +145,105 New
Focus Partners Wealth
25
Focus Partners Wealth
Massachusetts
$460K

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.