Lifeway Foods

LWAY • NASDAQ

Lifeway Foods is a packaged foods company in the consumer defensive sector on NASDAQ, led by Julie Smolyansky, with a market cap of $352.1M. As of Q3 2025, 24% of shares are held by 97 institutional investors, with Divisadero Street Capital Management, LP as the largest holder at 4.14%.

Chief Executive OfficerJulie Smolyansky

Market Cap$352.1M

Packaged Foods

Consumer Defensive

Employees289.0

Websitelifewaykefir.com

Country

United States of America

Overview

Overview of institutional ownership in LWAY as of Q3 2025 with a market cap of $422.7M

All Institutions

Institutions: 97
Value Held: $103.4M
Shares Held: 3.7M
Avg Position: $1.1M
Median Position: $202.5K

Hedge Funds

Hedge Funds: 18
Value Held: $48.7M
Shares Held: 1.8M
Avg Position: $2.7M
Median Position: $878.9K

Ownership Breakdown

Institutional (non-HF)

12.94%

$54.7M

Hedge Funds

11.51%

$48.7M

Retail & Other

75.55%

$319.3M

Based on market cap of $422.7M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in LWAY as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	William Zolezzi Managing Partner	$17.5M 0.82% of portfolio	4.14% 630.2K shares	Q3 2025 Held for 2 months	$2.1B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$11.6M 0.02% of portfolio	2.74% 417.8K shares	≤ Q2 2013 Held for 12y 5m+	$75.8B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$8.7M 0.00% of portfolio	2.05% 311.9K shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$7.8M 0.00% of portfolio	1.85% 282.5K shares	Q1 2016 Held for 9y 8m	$5.67T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$6.8M 0.00% of portfolio	1.61% 245.5K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
G GAMCO INVESTORS, INC. ET AL Institution	-	$4.2M 0.04% of portfolio	0.99% 151.4K shares	≤ Q2 2013 Held for 12y 5m+	$10.3B
Slotnik Capital, LLC Hedge Fund•Event Driven	Loren Russell Sauer CCO	$3.9M 1.42% of portfolio	0.93% 141.8K shares	Q4 2024 Held for 11 months	$277.4M
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$3.6M 0.00% of portfolio	0.86% 130.5K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$2.8M 0.00% of portfolio	0.67% 101.3K shares	Q4 2023 Held for 1y 11m	$62.0B
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	Michael Riccardi CEO	$2.6M 0.02% of portfolio	0.62% 94.4K shares	Q3 2024 Held for 1y 2m	$16.0B

Net Capital Flow

Institutional buying and selling activity for LWAY in Q3 2025

Traded: +$14.8M
Buyers: 51
Sellers: 40
Total Bought: +$30.0M
Total Sold: −$15.1M
Avg Position: $948.2K

Biggest Buyers

Institution	Net Bought	Current Position
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	+$17.5M +630.2K shares	$17.5M 630.2K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$2.0M +73.2K shares	$2.8M 101.3K shares
N Nuveen, LLC Institution	+$1.1M +38.7K shares	$1.1M 38.7K shares
CenterBook Partners LP Hedge Fund•Market Neutral	+$1.0M +37.5K shares	$1.0M 37.5K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$1.0M +36.1K shares	$1.0M 36.1K shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$965.7K +34.8K shares	$965.7K 34.8K shares
EAM Investors, LLC Long Only Manager	+$801.8K +28.9K shares	$801.8K 28.9K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$719.0K +25.9K shares	$719.0K 25.9K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	+$651.6K +23.5K shares	$749.2K 27.0K shares
I Ionic Capital Management LLC Hedge Fund•Multi-Strategy	+$499.7K +18.0K shares	$499.7K 18.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
TIG Advisors, LLC Hedge Fund•Multi-Strategy	−$3.8M −136.2K shares	$2.1M 76.1K shares
Marshall Wace LLP Institution	−$1.2M −47.6K shares	Sold Off 0 shares
Robeco Investment Management, Inc. Long Only Manager	−$922.5K −37.4K shares	Sold Off 0 shares
GABELLI SECURITIES INC Hedge Fund•Multi-Strategy	−$888.3K −32.0K shares	$1.7M 62.7K shares
B Beryl Capital Management LLC Hedge Fund•Event Driven	−$806.2K −32.7K shares	Sold Off 0 shares
GABELLI FUNDS LLC Long Only Manager	−$800.2K −28.8K shares	$1.9M 69.8K shares
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN RIA/Wealth	−$779.4K −31.6K shares	Sold Off 0 shares
AMERIPRISE FINANCIAL INC Institution	−$585.8K −21.1K shares	$768.4K 27.7K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$507.9K −18.3K shares	$6.8M 245.5K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$504.1K −18.2K shares	$2.6M 94.4K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited LWAY in Q3 2025

New Positions: 14
New Value: $4.0M
Exited Positions: 12
Exited Value: $5.1M

New Positions

Institution	Position Value
N Nuveen, LLC Institution	$1.1M 38.7K shares
CenterBook Partners LP Hedge Fund•Market Neutral	$1.0M 37.5K shares
I Ionic Capital Management LLC Hedge Fund•Multi-Strategy	$499.7K 18.0K shares
CWM Advisors, LLC ETF Provider	$458.7K 16.5K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$442.7K 15.9K shares
Engineers Gate Manager LP Hedge Fund•Quant	$205.0K 7.4K shares
WEXFORD CAPITAL LP Hedge Fund•Multi-Strategy	$143.6K 5.2K shares
MetLife Investment Advisors, LLC Insurance Manager	$85.0K 3.1K shares
Larson Financial Group LLC RIA/Wealth	$31.0K 1.1K shares
PNC FINANCIAL SERVICES GROUP, INC. Institution	$27.8K 1.0K shares

Exited Positions

Institution	Previous Position
Marshall Wace LLP Institution	$1.2M 47.6K shares
Robeco Investment Management, Inc. Long Only Manager	$922.5K 37.4K shares
B Beryl Capital Management LLC Hedge Fund•Event Driven	$806.2K 32.7K shares
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN RIA/Wealth	$779.4K 31.6K shares
FIRST TRUST ADVISORS LP ETF Provider	$423.4K 17.2K shares
S Skandinaviska Enskilda Banken AB Institution	$351.8K 14.3K shares
Quinn Opportunity Partners LLC Hedge Fund•Event Driven	$306.2K 12.4K shares
CARLSON CAPITAL L P Hedge Fund•Multi-Strategy	$246.5K 10.0K shares
B Byrne Asset Management LLC RIA/Wealth	$52.7K 2.1K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$40.1K 1.6K shares

Options Activity

Institutions with the largest Call and Put options positions in LWAY as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with LWAY as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Slotnik Capital, LLC Hedge Fund•Event Driven	Loren Russell Sauer CCO	1.42% $3.9M	0.93% 141.8K shares	Q4 2024 Held for 11 months	$277.4M
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	William Zolezzi Managing Partner	0.82% $17.5M	4.14% 630.2K shares	Q3 2025 Held for 2 months	$2.1B
I Ionic Capital Management LLC Hedge Fund•Multi-Strategy	Bart Ethan Baum CIO	0.60% $499.7K	0.12% 18.0K shares	Q3 2025 Held for 2 months	$83.1M
GABELLI SECURITIES INC Hedge Fund•Multi-Strategy	Patrick Bernard Huvane CEO	0.29% $1.7M	0.41% 62.7K shares	Q1 2025 Held for 8 months	$610.0M
D De Lisle Partners LLP Institution	-	0.18% $1.5M	0.35% 53.8K shares	Q1 2024 Held for 1y 8m	$815.6M
TIG Advisors, LLC Hedge Fund•Multi-Strategy	Kevin Patrick Moran President	0.13% $2.1M	0.50% 76.1K shares	Q4 2024 Held for 11 months	$1.6B
J JBF Capital, Inc. Institution	-	0.11% $763.4K	0.18% 27.5K shares	Q1 2025 Held for 8 months	$702.8M
T TOWERVIEW LLC Institution	-	0.10% $138.8K	0.03% 5.0K shares	Q3 2024 Held for 1y 2m	$137.4M
EAM Investors, LLC Long Only Manager	Derek John Gaertner CEO	0.09% $801.8K	0.19% 28.9K shares	Q3 2025 Held for 2 months	$873.4M
CORSAIR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	Jeffrey Archer Zelin COO	0.07% $400.5K	0.09% 14.4K shares	Q3 2024 Held for 1y 2m	$563.1M