FIZZ
National Beverage Corp. · Consumer Defensive · Beverages - Non-Alcoholic
Momentum inputs (comparable managers):
holder breadth -5.3% ·
share flow -2.2% ·
net new positions -11.1%
· formula
Broad distribution: falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q3 2026 | 1 | -1 | 12 | $350 | n/a | −1 |
| Q2 2026 | 87 | -2 | 20.34M | $635.33M | +8 | −9 |
| Q1 2026 | 91 | +5 | 19.83M | $667.05M | +7 | −3 |
| Q4 2025 | 87 | 0 | 20.89M | $666.14M | +1 | n/a |
| Q3 2025 | 18 | -1 | 13.23M | $488.55M | n/a | −2 |
| Q2 2025 | 17 | 0 | 12.96M | $560.50M | +1 | −1 |
| Q1 2025 | 14 | +2 | 6.26M | $260.22M | +2 | n/a |
| Q4 2024 | 12 | -2 | 6.17M | $263.24M | n/a | −2 |
| Q3 2024 | 13 | +1 | 5.26M | $246.68M | +1 | n/a |
| Q2 2024 | 12 | n/a | 4.74M | $242.93M | n/a | n/a |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | BlackRock ✦ (passive) | 3.66M | +0.2% | $135.18M | 0.0% | ▲ Add | 2 | SEC ↗ ×14 |
| 2 | Renaissance Technologies ✦ | 3.22M | -0.6% | $119.05M | 0.2% | ▼ Trim | 6 | SEC ↗ |
| 3 | The Vanguard Group ✦ (passive) | 2.74M | -2.5% | $101.30M | 0.0% | ▼ Trim | 2 | SEC ↗ ×5 |
| 4 | State Street Global Advisors ✦ (passive) | 874.76K | +6.0% | $32.30M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 5 | Geode Capital Management ✦ (passive) | 750.12K | -3.7% | $27.70M | 0.0% | ▼ Trim | 6 | SEC ↗ ×2 |
| 6 | Morgan Stanley ✦ | 391.25K | n/a | $14.44M | 0.0% | n/c | 1 | SEC ↗ ×7 |
| 7 | Two Sigma Investments ✦ | 320.69K | +53.6% | $11.84M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 8 | JPMorgan Chase ✦ | 278.60K | n/a | $10.29M | 0.0% | n/c | 1 | SEC ↗ ×14 |
| 9 | D. E. Shaw & Co. ✦ | 244.25K | -14.7% | $9.02M | 0.0% | ▼ Trim | 6 | SEC ↗ ×2 |
| 10 | Citadel Advisors ✦ | 188.74K | -4.8% | $6.97M | 0.0% | ▼ Trim | 6 | SEC ↗ ×2 |
| 11 | Millennium Management ✦ | 153.30K | -63.3% | $5.66M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 12 | Goldman Sachs Group ✦ | 140.76K | n/a | $5.20M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 13 | GAMCO Investors ✦ | 75.83K | +6.6% | $2.80M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 14 | Fidelity (FMR) ✦ | 58.00K | +7.0% | $2.14M | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 15 | Arrowstreet Capital ✦ | 51.56K | -8.4% | $1.90M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 16 | AQR Capital Management ✦ | 29.49K | -0.8% | $1.09M | 0.0% | ▼ Trim | 6 | SEC ↗ ×5 |
| 17 | T. Rowe Price ✦ | 23.93K | +5.0% | $884,000 | 0.0% | ▲ Add | 6 | SEC ↗ |
| 18 | Gotham Asset Management ✦ | 21.49K | +255.1% | $793,337 | 0.0% | ▲ Add | 2 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value: the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Norges Bank | $10.42M | was 0.0% |
| Point72 Asset Management | $2.27M | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 237 holders, 23.67M shares, $770.12M reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold: shared-ownership counts, not fundamental relationships.