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109 hedge funds and large institutions have $108M invested in Zevia in 2025 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 45 increasing their positions, 19 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

137% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 19

67% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 15

56% more call options, than puts

Call options by funds: $190K | Put options by funds: $122K

10.12% more ownership

Funds ownership: 58.79%68.9% (+10%)

9% more funds holding

Funds holding: 100109 (+9)

0% more capital invested

Capital invested by funds: $108M → $108M (+$110K)

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
109
Holders Change
+9
Holders Change %
+9%
% of All Funds
1.33%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
25
Increased
45
Reduced
19
Closed
15
Calls
$190K
Puts
$122K
Net Calls
+$68K
Net Calls Change
-$41K
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
$39.6M
TCM
2
Topline Capital Management
California
$11.9M +$12.7M +5,121,790 New
DSCM
3
Divisadero Street Capital Management
Florida
$7.46M -$7.31M -2,945,401 -48%
BlackRock
4
BlackRock
New York
$7.36M +$2.63M +1,057,474 +50%
Vanguard Group
5
Vanguard Group
Pennsylvania
$5.3M +$785K +316,050 +16%
JFG
6
Jefferies Financial Group
New York
$4.86M +$5.21M +2,096,590 New
SAM
7
Silvercrest Asset Management
New York
$3.94M
Geode Capital Management
8
Geode Capital Management
Massachusetts
$2.37M +$576K +231,965 +29%
ACH
9
ArrowMark Colorado Holdings
Colorado
$1.89M -$962K -387,237 -32%
EMFAT
10
Emerald Mutual Fund Advisers Trust
Pennsylvania
$1.86M -$308K -124,000 -13%
Two Sigma Investments
11
Two Sigma Investments
New York
$1.58M +$1.47M +592,333 +661%
Renaissance Technologies
12
Renaissance Technologies
New York
$1.41M +$551K +222,000 +57%
Jacobs Levy Equity Management
13
Jacobs Levy Equity Management
New Jersey
$1.22M +$1.04M +418,077 +382%
State Street
14
State Street
Massachusetts
$1.14M -$62.2K -25,042 -5%
Dimensional Fund Advisors
15
Dimensional Fund Advisors
Texas
$1.01M +$322K +129,632 +42%
Qube Research & Technologies (QRT)
16
Qube Research & Technologies (QRT)
United Kingdom
$1M +$776K +312,555 +263%
Point72 Asset Management
17
Point72 Asset Management
Connecticut
$850K +$910K +366,243 New
Two Sigma Advisers
18
Two Sigma Advisers
New York
$829K +$776K +312,500 +699%
Goldman Sachs
19
Goldman Sachs
New York
$816K +$290K +116,832 +50%
Northern Trust
20
Northern Trust
Illinois
$814K +$229K +92,024 +36%
Jane Street
21
Jane Street
New York
$802K +$858K +345,515 New
D.E. Shaw & Co
22
D.E. Shaw & Co
New York
$798K +$598K +240,711 +233%
Citadel Advisors
23
Citadel Advisors
Florida
$686K +$429K +172,724 +141%
Squarepoint
24
Squarepoint
New York
$490K -$172K -69,317 -25%
BCM
25
Bridgeway Capital Management
Texas
$445K +$201K +81,100 +73%

ZVIA Hedge Fund Activity: Q4 2025 in Review

109 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Zevia (ZVIA) for Q4 2025, worth a combined $108M — up 0.1% from $108M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new ZVIA positions and 15 closed out — a net gain of 10 holders — while 45 added to existing stakes and 19 trimmed.

The largest buyer was Topline Capital Management, opening a new position worth an estimated $12.7M. The largest seller was Divisadero Street Capital Management, cutting an estimated $7.31M.

  • 109 institutional investors held Zevia (ZVIA) as of Q4 2025, up from 100 in Q3 2025.
  • Funds reported $108M of Zevia stock for Q4 2025, up 0.1% quarter-over-quarter.
  • 25 funds opened new Zevia positions in Q4 2025 and 15 closed out, a net change of +10 holders.
  • The largest Zevia buyer in Q4 2025 was Topline Capital Management, an estimated $12.7M added.
  • The largest Zevia seller in Q4 2025 was Divisadero Street Capital Management, an estimated $7.31M sold.

Based on aggregated 13F filings for Q4 2025.