PepsiCo

PEP • NASDAQ

PepsiCo is a beverages - non-alcoholic company in the consumer defensive sector on NASDAQ, led by Ramon Luis Laguarta, with a market cap of $200.41B. As of Q3 2025, 73% of shares are held by 3,218 institutional investors, with VANGUARD GROUP INC as the largest holder at 10.0%.

CEORamon Luis Laguarta

Market Cap$200.41B

Beverages - Non-Alcoholic

Consumer Defensive

Employees318.0K

Websitepepsico.com

Country

United States of America

Overview

Overview of institutional ownership in PEP as of Q3 2025 with a market cap of $192.27B

All Institutions

Institutions: 3,218
Value Held: $141.18B
Shares Held: 1.01B
Avg Position: $43.9M
Median Position: $1.4M

Hedge Funds

Hedge Funds: 99
Value Held: $2.9B
Shares Held: 20.7M
Avg Position: $29.3M
Median Position: $2.6M

Ownership Breakdown

Institutional (non-HF)

71.92%

$138.28B

Hedge Funds

1.51%

$2.9B

Retail & Other

26.57%

$51.1B

Based on market cap of $192.27B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in PEP as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$19.2B 0.29% of portfolio	10.00% 136.9M shares	≤ Q2 2013 Held for 12y 6m+	$6.69T
BlackRock, Inc. Institution	Laurence D. Fink CEO	$16.4B 0.29% of portfolio	8.50% 116.4M shares	≤ Q2 2013 Held for 12y 6m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$8.4B 0.29% of portfolio	4.35% 59.5M shares	≤ Q2 2013 Held for 12y 6m+	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$4.7B 0.30% of portfolio	2.43% 33.3M shares	≤ Q2 2013 Held for 12y 6m+	$1.57T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$4.4B 0.28% of portfolio	2.31% 31.6M shares	≤ Q2 2013 Held for 12y 6m+	$1.56T
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$3.9B 0.63% of portfolio	2.03% 27.8M shares	≤ Q2 2013 Held for 12y 6m+	$620.51B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$3.5B 0.21% of portfolio	1.82% 24.9M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$3.0B 0.22% of portfolio	1.55% 21.3M shares	≤ Q2 2013 Held for 12y 6m+	$1.33T
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$2.1B 0.27% of portfolio	1.12% 15.3M shares	≤ Q2 2013 Held for 12y 6m+	$782.03B
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$2.1B 0.53% of portfolio	1.10% 15.1M shares	≤ Q2 2013 Held for 12y 6m+	$395.38B

Net Capital Flow

Institutional buying and selling activity for PEP in Q3 2025

Traded: +$221.2M
Buyers: 1,556
Sellers: 1,517
Total Bought: +$6.8B
Total Sold: −$6.6B
Avg Position: $41.8M

Biggest Buyers

Institution	Net Bought	Current Position
BARCLAYS PLC Institution	+$657.7M +4.7M shares	$1.8B 12.9M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$454.4M +3.2M shares	$830.9M 5.9M shares
GOLDMAN SACHS GROUP INC Institution	+$384.8M +2.7M shares	$1.7B 11.9M shares
A Amundi Institution	+$278.8M +2.0M shares	$1.2B 8.6M shares
A Assenagon Asset Management S.A. Institution	+$266.5M +1.9M shares	$709.4M 5.1M shares
J JANE STREET GROUP, LLC Institution	+$233.5M +1.7M shares	$233.5M 1.7M shares
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds	+$219.9M +1.6M shares	$364.9M 2.6M shares
Elliott Investment Management L.P. Hedge Fund•Multi-Strategy	+$179.1M +1.3M shares	$179.1M 1.3M shares
LEUCADIA NATIONAL CORP Institution	+$178.7M +1.3M shares	$180.1M 1.3M shares
I ING GROEP NV Institution	+$157.3M +1.1M shares	$313.4M 2.2M shares

Biggest Sellers

Institution	Net Sold	Current Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$460.1M −3.5M shares	Sold Off 0 shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$432.4M −3.1M shares	$618.8M 4.4M shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	−$306.5M −2.2M shares	$1.2B 8.2M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$281.7M −2.0M shares	$1.8B 12.5M shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	−$235.8M −1.7M shares	$181.2M 1.3M shares
A Atlantic Trust Group, LLC Institution	−$228.9M −1.6M shares	$90.8M 646.7K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$195.7M −1.4M shares	$910.0M 6.5M shares
V Vontobel Holding Ltd. Institution	−$192.4M −1.4M shares	$38.3M 272.5K shares
C CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM Institution	−$181.4M −1.3M shares	$589.8M 4.2M shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	−$173.7M −1.2M shares	$3.9B 27.8M shares

Entry and Exit Activity

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

New Positions: 51
New Value: $251.0M
Exited Positions: 159
Exited Value: $1.2B

New Positions

Institution	Position Value
Elliott Investment Management L.P. Hedge Fund•Multi-Strategy	$179.1M 1.3M shares
D DDD Partners, LLC Institution	$19.2M 136.6K shares
TORRAY LLC Long Only Manager	$17.2M 122.6K shares
C Clearline Capital LP Hedge Fund•Event Driven	$11.9M 84.7K shares
T TEMA ETFS LLC Institution	$3.6M 25.8K shares
Sterling Investment Management, Inc. RIA/Wealth	$3.0M 21.1K shares
LITTLEJOHN FINANCIAL SERVICES, INC. RIA/Wealth	$2.6M 18.2K shares
Portus Wealth Advisors, LLC RIA/Wealth	$1.1M 7.9K shares
OPINICUS CAPITAL, INC. RIA/Wealth	$863.3K 6.1K shares
ARQ WEALTH ADVISORS, LLC RIA/Wealth	$758.0K 5.4K shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$460.1M 3.5M shares
CONFLUENCE INVESTMENT MANAGEMENT LLC Long Only Manager	$93.9M 711.3K shares
A AXA Institution	$86.7M 656.4K shares
Walleye Trading LLC RIA/Wealth	$81.0M 613.2K shares
S STEADFAST CAPITAL MANAGEMENT LP Hedge Fund•Long/Short	$45.7M 345.8K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$41.7M 315.5K shares
IMC-Chicago, LLC RIA/Wealth	$40.5M 306.6K shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	$39.2M 296.9K shares
N NATIXIS Institution	$32.2M 243.8K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$31.8M 241.1K shares

Options Activity

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

Call Positions: 57
Call Value: $2.4B
Put Positions: 59
Put Value: $3.5B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$490.6M 34.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$342.5M 24.4K contracts
GOLDMAN SACHS GROUP INC Institution	$183.7M 13.1K contracts
J JANE STREET GROUP, LLC Institution	$176.5M 12.6K contracts
N NOMURA HOLDINGS INC Institution	$143.0M 10.2K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$113.5M 8.1K contracts
BARCLAYS PLC Institution	$95.0M 6.8K contracts
TORONTO DOMINION BANK Institution	$87.6M 6.2K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$73.4M 5.2K contracts
W WOLVERINE TRADING, LLC Institution	$68.9M 4.9K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$837.9M 59.7K contracts
N NOMURA HOLDINGS INC Institution	$704.7M 50.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$565.7M 40.3K contracts
J JANE STREET GROUP, LLC Institution	$245.3M 17.5K contracts
LEUCADIA NATIONAL CORP Institution	$183.8M 13.1K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$117.2M 8.3K contracts
CITIGROUP INC Institution	$115.6M 8.2K contracts
Marshall Wace LLP Institution	$87.6M 6.2K contracts
Q Qube Research & Technologies Ltd Institution	$87.0M 6.2K contracts
W WOLVERINE TRADING, LLC Institution	$76.7M 5.5K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Lindsell Train Ltd Long Only Manager	Jocelyn Arthur Saunders COO	7.59% $309.2M	0.16% 2.2M shares	Q2 2015 Held for 10y 6m	$4.1B
B Baypointe Partners LLC Hedge Fund•Long/Short	Sean James Gambino Founder	6.42% $14.0M	0.01% 100.0K shares	Q1 2025 Held for 9 months	$218.8M
Gallacher Capital Management LLC RIA/Wealth	Quentin Garrett Stoker CCO	5.71% $14.4M	0.01% 102.8K shares	Q4 2022 Held for 3 years	$252.9M
C CAPITAL ADVISORS INC/OK Institution	-	5.20% $311.2M	0.16% 2.2M shares	≤ Q2 2013 Held for 12y 6m+	$6.0B
GARLAND CAPITAL MANAGEMENT INC RIA/Wealth	John Thomas Garland President	4.97% $360.9K	0.00% 2.6K shares	≤ Q2 2013 Held for 12y 6m+	$7.3M
T Tyche Wealth Partners LLC Institution	-	4.96% $27.9M	0.01% 198.9K shares	Q4 2023 Held for 2 years	$563.1M
ENTERPRISE FINANCIAL SERVICES CORP Institution	Peter F. Benoist CEO	4.96% $9.6M	0.01% 68.5K shares	Q3 2020 Held for 5y 3m	$194.0M
A ABSHER WEALTH MANAGEMENT, LLC RIA/Wealth	Michael Forester Absher President	4.86% $40.7M	0.02% 289.6K shares	Q4 2019 Held for 6 years	$836.9M
Clark & Stuart, Inc RIA/Wealth	Charles Stone Clark CCO	4.51% $6.3M	0.00% 44.9K shares	Q4 2024 Held for 1 year	$139.9M
Osher Van de Voorde Investment Management RIA/Wealth	James Michael Vandevoorde President	4.03% $18.5M	0.01% 132.0K shares	≤ Q2 2013 Held for 12y 6m+	$459.8M

Hedge Fund Spotlight

Discover hedge funds investing in PEP

CAPSTONE INVESTMENT ADVISORS, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerPaul Matthew Britton

Portfolio Value: $9.4B
Positions: 1,012
Last Reported: Q3 2025

Sector Allocation

Position in PepsiCo

Market Value: $6.4M
Shares Held: 45.4K
Portfolio Weight: 0.07%
Owned Since: 2018-Q2

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