National Beverage
FIZZ • NASDAQ
National Beverage is a beverages - non-alcoholic company in the consumer defensive sector on NASDAQ, led by Cecil D. Conlee, with a market cap of $3.2B. As of Q3 2025, 25% of shares are held by 233 institutional investors, with BlackRock, Inc. as the largest holder at 3.91%.
CEOCecil D. Conlee
Market Cap$3.2B
Beverages - Non-Alcoholic
Consumer Defensive
Employees1.6K
Websitenationalbeverage.com
Country
United States of America
Overview
Overview of institutional ownership in FIZZ as of Q3 2025 with a market cap of $3.5B
All Institutions
- Institutions
- 233
- Value Held
- $848.0M
- Shares Held
- 23.0M
- Avg Position
- $3.6M
- Median Position
- $342.1K
Hedge Funds
- Hedge Funds
- 34
- Value Held
- $193.2M
- Shares Held
- 5.2M
- Avg Position
- $5.7M
- Median Position
- $776.2K
Ownership Breakdown
Based on market cap of $3.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in FIZZ as of Q3 2025
| Institution | Position Value |
|---|---|
B BlackRock, Inc. Institution | $135.2M 0.00% of portfolio |
 RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant | $119.1M 0.16% of portfolio |
 VANGUARD GROUP INC Institution | $101.3M 0.00% of portfolio |
 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager | $91.8M 0.22% of portfolio |
 DIMENSIONAL FUND ADVISORS LP Long Only Manager | $51.3M 0.01% of portfolio |
 STATE STREET CORP Institution | $32.3M 0.00% of portfolio |
 GEODE CAPITAL MANAGEMENT LLC ETF Provider | $27.7M 0.00% of portfolio |
 MORGAN STANLEY RIA/Wealth | $14.4M 0.00% of portfolio |
 TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | $11.8M 0.02% of portfolio |
 TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy | $10.6M 0.02% of portfolio |
Net Capital Flow
Institutional buying and selling activity for FIZZ in Q3 2025
- Traded
- −$12.5M
- Buyers
- 109
- Sellers
- 109
- Total Bought
- +$44.5M
- Total Sold
- −$57.1M
- Avg Position
- $3.2M
Biggest Buyers
| Institution | Net Bought |
|---|---|
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | +$4.1M +112.0K shares |
 ALGERT COLDIRON INVESTORS LLC Hedge Fund•Quant | +$3.4M +91.8K shares |
 Trexquant Investment LP Hedge Fund•Quant | +$2.5M +69.0K shares |
 TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy | +$2.5M +68.6K shares |
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy | +$2.5M +67.7K shares |
Q Qube Research & Technologies Ltd Institution | +$2.0M +55.0K shares |
 GSA CAPITAL PARTNERS LLP Hedge Fund•Quant | +$1.9M +52.7K shares |
STATE STREET CORP Institution | +$1.8M +49.3K shares |
R Russell Investments Group, Ltd. RIA/Wealth | +$1.7M +45.9K shares |
DIMENSIONAL FUND ADVISORS LP Long Only Manager | +$1.6M +43.8K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | −$9.8M −264.6K shares |
 NGAM ADVISORS, L.P. Long Only Manager | −$6.0M −162.0K shares |
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager | −$3.4M −91.4K shares |
 NORDEA INVESTMENT MANAGEMENT AB Institution | −$2.9M −67.4K shares |
VANGUARD GROUP INC Institution | −$2.6M −71.4K shares |
 Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy | −$2.3M −52.5K shares |
 ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy | −$1.8M −47.9K shares |
 Bank of New York Mellon Corp Institution | −$1.6M −43.7K shares |
D D. E. Shaw & Co., Inc. Institution | −$1.6M −42.1K shares |
MORGAN STANLEY RIA/Wealth | −$1.5M −41.2K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited FIZZ in Q3 2025
- New Positions
- 10
- New Value
- $2.0M
- Exited Positions
- 26
- Exited Value
- $16.3M
New Positions
| Institution | Position Value |
|---|---|
 Susquehanna Portfolio Strategies, LLC Private Equity | $1.3M 35.4K shares |
 MANGROVE PARTNERS Hedge Fund•Multi-Strategy | $686.2K 18.6K shares |
 BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager | $11.3K 305.0 shares |
 Sontag Advisory, LLC RIA/Wealth | $5.5K 148.0 shares |
O Optiver Holding B.V. Institution | $4.4K 120.0 shares |
R Root Financial Partners, LLC RIA/Wealth | $4.0K 109.0 shares |
H Hughes Financial Services, LLC RIA/Wealth | $1.4K 44.0 shares |
 American Capital Advisory, LLC RIA/Wealth | $739.0 20.0 shares |
New Millennium Group LLC RIA/Wealth | $148.0 4.0 shares |
 Cloud Capital Management, LLC RIA/Wealth | - 14.0 shares |
Exited Positions
| Institution | Previous Position |
|---|---|
NORDEA INVESTMENT MANAGEMENT AB Institution | $2.9M 67.4K shares |
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy | $2.3M 52.5K shares |
$1.4M 33.5K shares | |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $1.4M 31.6K shares |
T TEXAS PERMANENT SCHOOL FUND Institution | $1.3M 30.9K shares |
S Squarepoint Ops LLC Hedge Fund•Quant | $1.1M 24.8K shares |
C Cubist Systematic Strategies, LLC Institution | $993.4K 23.0K shares |
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy | $775.4K 17.9K shares |
 Willis Investment Counsel RIA/Wealth | $542.2K 12.5K shares |
M Mitsubishi UFJ Trust & Banking Corp Institution | $442.7K 10.2K shares |
Options Activity
Institutions with the largest Call and Put options positions in FIZZ as of Q3 2025
- Call Positions
- 3
- Call Value
- $1.4M
- Put Positions
- 2
- Put Value
- $561.2K
Call Positions
| Institution | Position Value |
|---|---|
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $1.0M 281.0 contracts |
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy | $365.5K 99.0 contracts |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | - - contracts |
Put Positions
| Institution | Position Value |
|---|---|
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $354.4K 96.0 contracts |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $206.8K 56.0 contracts |
Most Committed Institutions
Institutions with FIZZ as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
R RK Asset Management, LLC Institution | 6.37% $7.0M |
 Values First Advisors, Inc. RIA/Wealth | 0.79% $1.5M |
 DENALI ADVISORS LLC Long Only Manager | 0.76% $6.7M |
 Semanteon Capital Management, LP Hedge Fund•Long/Short | 0.71% $561.9K |
 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Market Neutral | 0.26% $4.0M |
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant | 0.25% $2.8M |
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager | 0.22% $91.8M |
S SHERBROOKE PARK ADVISERS LLC Hedge Fund•Quant | 0.16% $342.1K |
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant | 0.16% $119.1M |
 Linden Thomas Advisory Services, LLC RIA/Wealth | 0.14% $1.4M |
Hedge Fund Spotlight
Discover hedge funds investing in FIZZ
AQR CAPITAL MANAGEMENT LLC
Hedge Fund • Multi-Strategy
Portfolio ManagerDavid Gary Kabiller
- Portfolio Value
- $156.17B
- Positions
- 3,453
- Last Reported
- Q3 2025
Sector Allocation
Position in National Beverage
- Market Value
- $1.1M
- Shares Held
- 29.5K
- Portfolio Weight
- 0.00%
- Owned Since
- 2020-Q2
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Semiconductors Technology | $4.1B | 2.62% | |
Software - Infrastructure Technology | $3.2B | 2.05% | |
Consumer Electronics Technology | $2.8B | 1.76% |
