CADIZ INC CDZI
COM NEW · Common Stock · CUSIP 127537207
- SectorUtilities
- IndustryWater Supply
- HeadquartersLos Angeles, CA
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($31.3k this quarter). Holder counts are more reliable. Shares outstanding: 82.0m as of 2025-08-12, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $2.99. Options: 7 managers hold calls ($2.0m notional), 7 hold puts ($355.3k).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 62 |
| Q4 2022 | 52 |
| Q1 2023 | 63 |
| Q2 2023 | 81 |
| Q3 2023 | 82 |
| Q4 2023 | 81 |
| Q1 2024 | 78 |
| Q2 2024 | 86 |
| Q3 2024 | 83 |
| Q4 2024 | 98 |
| Q1 2025 | 109 |
| Q2 2025 | 99 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 38 | 29 |
| Q4 2023 | 32 | 33 |
| Q1 2024 | 30 | 37 |
| Q2 2024 | 38 | 31 |
| Q3 2024 | 30 | 32 |
| Q4 2024 | 48 | 31 |
| Q1 2025 | 53 | 32 |
| Q2 2025 | 47 | 44 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $84.8k | $0 | 0.00 |
| Q4 2024 | $552.4k | $764.4k | 1.38 |
| Q1 2025 | $982.1k | $878.1k | 0.89 |
| Q2 2025 | $2.0m | $355.3k | 0.18 |
Biggest buyers
| BARCLAYS PLC | Added | +1.1m |
| ROYAL BANK OF CANADA | Added | +557.7k |
| BlackRock, Inc. | Added | +511.4k |
| BANK OF AMERICA CORP /DE/ | Added | +507.4k |
| GAM Holding AG | New | +400.0k |
| VANGUARD GROUP INC | Added | +287.7k |
| Whitefort Capital Management, LP | Added | +266.9k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +208.8k |
| LEVIN CAPITAL STRATEGIES, L.P. | Added | +176.1k |
| Diametric Capital, LP | New | +162.4k |
Biggest sellers
| American Assets Capital Advisers, LLC | Reduced | -917.7k |
| 272 Capital LP | Reduced | -596.8k |
| BOOTHBAY FUND MANAGEMENT, LLC | Reduced | -596.8k |
| HCR Wealth Advisors | Reduced | -562.8k |
| Alyeska Investment Group, L.P. | Reduced | -257.6k |
| GRATIA CAPITAL, LLC | Reduced | -250.0k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -176.9k |
| Rangeley Capital, LLC | Reduced | -161.0k |
| MARSHALL WACE, LLP | Sold out | -114.6k |
| ExodusPoint Capital Management, LP | Sold out | -114.1k |
Biggest calls
| BARCLAYS PLC | New | $1.5m513.3k shares |
| CITADEL ADVISORS LLC | Reduced | $161.2k53.9k shares |
| JANE STREET GROUP, LLC | Reduced | $151.0k50.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $73.0k24.7k shares |
| WOLVERINE TRADING, LLC | Added | $42.4k13.6k shares |
| GROUP ONE TRADING LLC | New | $2.4k800 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Crawford Fund Management, LLC | Reduced | $149.5k50.0k shares |
| CITADEL ADVISORS LLC | Added | $87.6k29.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $75.9k25.4k shares |
| WOLVERINE TRADING, LLC | Reduced | $38.1k12.2k shares |
| GROUP ONE TRADING LLC | Reduced | $4.2k1.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
| SIMPLEX TRADING, LLC | Reduced | $0100 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution new · filed 2026-07-27 | 6.0% |
| BANK OF AMERICA CORP /DE/ 13G · institution new · filed 2026-10-28 | 5.9% |
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 4 | $459.2k | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 1 | $19.0k | 0 | — | — |
| Q2 2024 | 1 | $56.2k | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| Whitefort Capital Management, LP 4.61% of their portfolio | 4.0m $11.9m | Added +266.9k |
| BlackRock, Inc. 0.00% of their portfolio | 3.6m $10.7m | Added +511.4k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.95% of their portfolio | 3.2m $9.7m | Added +176.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.9m $8.7m | Added +287.7k |
| Alyeska Investment Group, L.P. 0.03% of their portfolio | 2.5m $7.4m | Reduced -257.6k |
| BARCLAYS PLC 0.00% of their portfolio | 2.1m $6.3m | Added +1.1m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.5m $4.5m | Added +507.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.3m $3.8m | Added +208.8k |
| STATE STREET CORP 0.00% of their portfolio | 1.1m $3.3m | Added +138.4k |
| American Assets Capital Advisers, LLC 2.94% of their portfolio | 979.6k $2.9m | Reduced -917.7k |
| MORGAN STANLEY 0.00% of their portfolio | 945.9k $2.8m | Reduced -26.3k |
| GRATIA CAPITAL, LLC 2.40% of their portfolio | 737.5k $2.2m | Reduced -250.0k |
| ELKHORN PARTNERS LIMITED PARTNERSHIP 1.48% of their portfolio | 683.0k $2.0m | Added +46.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 561.7k $1.7m | Added +557.7k |
| Rangeley Capital, LLC 1.76% of their portfolio | 469.0k $1.4m | Reduced -161.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 457.2k $1.4m | Added +57.9k |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 437.0k $1.3m | Unchanged |
| Nokomis Capital, L.L.C. 0.51% of their portfolio | 405.0k $1.2m | Unchanged |
| GAM Holding AG 0.08% of their portfolio | 400.0k $1.2m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 323.0k $965.7k | Added +149.6k |
| Parkshore Wealth Management, Inc. 0.37% of their portfolio | 255.6k $764.3k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 233.4k $697.7k | Reduced -31.5k |
| Nuveen, LLC 0.00% of their portfolio | 210.3k $628.8k | Added +56.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 180.9k $541.0k | Added +1.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 176.3k $527.1k | Added +18.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 170.0k $508.3k | Reduced -176.9k |
| Diametric Capital, LP 0.26% of their portfolio | 162.4k $485.6k | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 161.2k $482.0k | Added +36.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 156.7k $468.6k | Added +7.4k |
| Delta Investment Management, LLC 0.09% of their portfolio | 154.7k $462.5k | Added +17.5k |
| UBS Group AG 0.00% of their portfolio | 143.9k $430.2k | Reduced -18.2k |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 140.5k $420.0k | Added +89.6k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 137.2k $410.3k | New |
| BRC Group Holdings, Inc. 0.42% of their portfolio | 121.5k $363.4k | Unchanged |
| EQUITEC PROPRIETARY MARKETS, LLC 1.29% of their portfolio | 108.0k $323.1k | Unchanged |
| Squarepoint Ops LLC 0.00% of their portfolio | 106.8k $319.4k | Reduced -76.1k |
| INGALLS & SNYDER LLC 0.01% of their portfolio | 98.6k $295.0k | Reduced -5.1k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 92.0k $275.0k | Added +54.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 91.1k $272.4k | Reduced -65.2k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 89.9k $268.9k | Reduced -596.8k |
| 272 Capital LP 1.10% of their portfolio | 89.9k $268.9k | Reduced -596.8k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 89.8k $268.6k | Added +18.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 80.3k $240.0k | Added +44.2k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 77.6k $231.9k | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 65.2k $195.0k | Added +5.6k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 63.5k $190.0k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 62.2k $185.9k | Added +21.9k |
| GROUP ONE TRADING LLC 0.01% of their portfolio | 51.4k $153.6k | Added +43.3k |
| HCR Wealth Advisors 0.02% of their portfolio | 49.0k $146.5k | Reduced -562.8k |
| Ancora Advisors LLC 0.00% of their portfolio | 48.8k $145.9k | Unchanged |
| XTX Topco Ltd 0.01% of their portfolio | 48.3k $144.4k | New |
| MINDSET WEALTH MANAGEMENT, LLC 0.04% of their portfolio | 44.0k $131.6k | Added +3.0k |
| CANTOR FITZGERALD, L. P. 0.00% of their portfolio | 40.7k $121.6k | Reduced -424 |
| Christopher J. Hasenberg, Inc 0.04% of their portfolio | 39.9k $119.2k | Unchanged |
| Lido Advisors, LLC 0.00% of their portfolio | 37.1k $110.9k | Added +20.0k |
| Rathbones Group PLC 0.00% of their portfolio | 34.9k $104.2k | Unchanged |
| WOLVERINE TRADING, LLC 0.00% of their portfolio | 33.9k $105.9k | Reduced -1.9k |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 33.2k $99.3k | Reduced -18.2k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 32.7k $97.8k | Added +26.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 30.3k $90.7k | Added +8.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 30.1k $89.9k | Added +5.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 28.4k $85.0k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 26.9k $80.4k | Added +3.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 26.8k $80.3k | Reduced -14.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 21.9k $65.6k | Added +4.9k |
| Brookwood Investment Group LLC 0.01% of their portfolio | 21.5k $64.3k | Added +500 |
| CITIGROUP INC 0.00% of their portfolio | 19.7k $59.0k | Reduced -10.5k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 18.9k $56.4k | Reduced -98 |
| Invesco Ltd. 0.00% of their portfolio | 18.8k $56.2k | Added +1.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 16.8k $50.3k | Reduced -7.5k |
| Morton Capital Management LLC/CA 0.01% of their portfolio | 16.7k $49.9k | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 14.9k $44.5k | Reduced -12.1k |
| ProShare Advisors LLC 0.00% of their portfolio | 11.3k $33.7k | New |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 10.5k $31.5k | New |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 10.5k $31.3k | Unchanged |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 10.2k $30.4k | Reduced -4 |
| GABELLI FUNDS LLC 0.00% of their portfolio | 10.0k $29.9k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 7.5k $22.5k | Added +2.8k |
| FMR LLC 0.00% of their portfolio | 6.8k $20.2k | Reduced -2.8k |
| Legal & General Group Plc 0.00% of their portfolio | 6.1k $18.3k | Added +2.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 5.1k $15.3k | Added +2.8k |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 0.00% of their portfolio | 5.0k $14.9k | Unchanged |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 3.3k $10.0k | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 3.1k $9.1k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.6k $4.7k | Unchanged |
| AMALGAMATED BANK 0.00% of their portfolio | 1.4k $4.0k | Unchanged |
| Evelyn Partners Investment Management LLP 0.00% of their portfolio | 1.4k $4.1k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 1.0k $3.1k | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 1.0k $3.1k | New |
| TrinityBridge Ltd 0.00% of their portfolio | 1.0k $3.0k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 550 $2.0k | Reduced -5 |
| US BANCORP \DE\ 0.00% of their portfolio | 358 $1.1k | Unchanged |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 135 $404 | New |
| Sterling Capital Management LLC 0.00% of their portfolio | 98 $293 | Added +55 |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 60 $179 | Unchanged |
| 1620 INVESTMENT ADVISORS, INC. 0.00% of their portfolio | 35 $105 | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 16 $48 | Reduced -60 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 0 $634 | Unchanged |