Vault-13

CADIZ INC CDZI

COM NEW · Common Stock · CUSIP 127537207

110 institutional holders +11 vs Q2 2025
35,765,59335.8m shares reported held*
43.0% of all shares outstanding*
$168.8mreported value*
20 new 40 added 23 reduced 9 sold out net bought ≈ $11.0m (+2.3m shares)

* 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 ($6.6k this quarter). Holder counts are more reliable. Shares outstanding: 83.1m as of 2025-11-10, 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 ≈ $4.72. Options: 9 managers hold calls ($9.1m notional), 4 hold puts ($125.1k).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 62Q4 22: 52Q1 23: 63Q2 23: 81Q3 23: 82Q4 23: 81Q1 24: 78Q2 24: 86Q3 24: 83Q4 24: 98Q1 25: 109Q2 25: 99Q3 25: 110110Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202262
Q4 202252
Q1 202363
Q2 202381
Q3 202382
Q4 202381
Q1 202478
Q2 202486
Q3 202483
Q4 202498
Q1 2025109
Q2 202599
Q3 2025110

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 23: 32 bought or addedQ4 23: 33 cut or sold outQ1 24: 30 bought or addedQ1 24: 37 cut or sold outQ1 24Q2 24: 38 bought or addedQ2 24: 31 cut or sold outQ3 24: 30 bought or addedQ3 24: 32 cut or sold outQ3 24Q4 24: 48 bought or addedQ4 24: 31 cut or sold outQ1 25: 53 bought or addedQ1 25: 32 cut or sold outQ1 25Q2 25: 47 bought or addedQ2 25: 44 cut or sold outQ3 25: 60 bought or addedQ3 25: 32 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20233233
Q1 20243037
Q2 20243831
Q3 20243032
Q4 20244831
Q1 20255332
Q2 20254744
Q3 20256032

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2.5m$5m$7.5m$10mQ4 24 calls: $552.4kQ4 24 puts: $764.4kQ4 24P/C 1.38Q1 25 calls: $982.1kQ1 25 puts: $878.1kQ1 25P/C 0.89Q2 25 calls: $2.0mQ2 25 puts: $355.3kQ2 25P/C 0.18Q3 25 calls: $9.1mQ3 25 puts: $125.1kQ3 25P/C 0.01
Numbers
QuarterCallsPutsP/C
Q4 2024$552.4k$764.4k1.38
Q1 2025$982.1k$878.1k0.89
Q2 2025$2.0m$355.3k0.18
Q3 2025$9.1m$125.1k0.01

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +1,973,329+2.0m
BARCLAYS PLC Added +1,191,790+1.2m
LEVIN CAPITAL STRATEGIES, L.P. Added +419,025+419.0k
Hartree Partners, LP New +200,000+200.0k
Caption Management, LLC New +157,004+157.0k
STATE STREET CORP Added +146,859+146.9k
VANGUARD GROUP INC Added +135,343+135.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +130,934+130.9k
SIMPLEX TRADING, LLC Added +105,616+105.6k
Cinctive Capital Management LP New +103,894+103.9k

Biggest sellers

Alyeska Investment Group, L.P. Reduced -983,947-983.9k
Nokomis Capital, L.L.C. Sold out -405,000-405.0k
American Assets Capital Advisers, LLC Reduced -378,441-378.4k
ROYAL BANK OF CANADA Reduced -283,849-283.8k
MORGAN STANLEY Reduced -176,569-176.6k
RENAISSANCE TECHNOLOGIES LLC Sold out -170,000-170.0k
BRC Group Holdings, Inc. Sold out -121,537-121.5k
Squarepoint Ops LLC Sold out -106,825-106.8k
272 Capital LP Sold out -89,936-89.9k
BOOTHBAY FUND MANAGEMENT, LLC Reduced -78,466-78.5k

Biggest calls

BARCLAYS PLC Added $3.3m700.0k shares
GRATIA CAPITAL, LLC New $2.4m500.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $1.4m288.6k shares
Caption Management, LLC New $1.1m225.0k shares
JANE STREET GROUP, LLC Added $592.4k125.5k shares
WOLVERINE TRADING, LLC Added $133.9k28.2k shares
SIMPLEX TRADING, LLC Added $121.0k25.7k shares
CITADEL ADVISORS LLC Reduced $102.4k21.7k shares
GROUP ONE TRADING LLC Added $13.7k2.9k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $63.7k13.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $60.9k12.9k shares
GROUP ONE TRADING LLC Reduced $472100 shares
SIMPLEX TRADING, LLC Unchanged $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.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution new · filed 2026-07-27 6.0% new 5.0m≈ $21.0m 2026-07-27
BANK OF AMERICA CORP /DE/ 13G · institution new · filed 2026-10-28 5.9% new 5.0m≈ $20.7m 2026-10-28

Insider purchases and sales in Q3 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)

BuyingSelling
101Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 1 buyingQ1 24: 0 sellingQ1 24Q2 24: 1 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20230—0——
Q1 20241$19.0k0——
Q2 20241$56.2k0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——

None reported in Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Whitefort Capital Management, LP 6.23% of their portfolio NEW YORK, NY 3,986,8224.0m $18.8m $18.8m 6.23% Unchanged
2 LEVIN CAPITAL STRATEGIES, L.P. 1.59% of their portfolio NEW YORK, NY 3,661,5473.7m $17.3m $17.3m 1.59% Added +419.0k +419,025
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,606,8723.6m $17.0m $17.0m 0.00% Added +26.3k +26,346
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,491,0803.5m $16.5m $16.5m 0.00% Added +2.0m +1,973,329
5 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 3,288,6613.3m $15.5m $15.5m 0.01% Added +1.2m +1,191,790
6 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 3,035,9013.0m $14.3m $14.3m 0.00% Added +135.3k +135,343
7 Alyeska Investment Group, L.P. 0.02% of their portfolio CHICAGO, IL 1,494,3611.5m $7.1m $7.1m 0.02% Reduced -983.9k -983,947
8 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,308,1281.3m $6.2m $6.2m 0.00% Added +45.7k +45,749
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,240,0041.2m $5.9m $5.9m 0.00% Added +146.9k +146,859
10 GRATIA CAPITAL, LLC 3.47% of their portfolio LOS ANGELES, CA 828,666828.7k $3.9m $3.9m 3.47% Added +91.2k +91,166
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 769,283769.3k $3.6m $3.6m 0.00% Reduced -176.6k -176,569
12 ELKHORN PARTNERS LIMITED PARTNERSHIP 2.19% of their portfolio OMAHA, NE 683,223683.2k $3.2m $3.2m 2.19% Added +223 +223
13 American Assets Capital Advisers, LLC 2.99% of their portfolio SAN DIEGO, CA 601,113601.1k $2.8m $2.8m 2.99% Reduced -378.4k -378,441
14 Rangeley Capital, LLC 2.29% of their portfolio NEW CANAAN, CT 516,000516.0k $2.4m $2.4m 2.29% Added +47.0k +47,000
15 Permanent Capital Management, LP 0.44% of their portfolio CHICAGO, IL 496,519496.5k $2.3m $2.3m 0.44% First filing
16 GAM Holding AG 0.14% of their portfolio Zurich, V8 490,211490.2k $2.3m $2.3m 0.14% Added +90.2k +90,211
17 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 470,006470.0k $2.2m $2.2m 0.00% Added +12.8k +12,821
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 453,909453.9k $2.1m $2.1m 0.00% Added +130.9k +130,934
19 CAPSTONE INVESTMENT ADVISORS, LLC 0.02% of their portfolio NEW YORK, NY 437,038437.0k $2.1m $2.1m 0.02% Unchanged
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 277,811277.8k $1.3m $1.3m 0.00% Reduced -283.8k -283,849
21 Parkshore Wealth Management, Inc. 0.49% of their portfolio Granite Bay, CA 255,618255.6k $1.2m $1.2m 0.49% Unchanged
22 SIMPLEX TRADING, LLC 0.03% of their portfolio CHICAGO, IL 246,090246.1k $1.2m $1.2m 0.03% Added +105.6k +105,616
23 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 242,104242.1k $1.1m $1.1m 0.00% Added +8.7k +8,746
24 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 222,442222.4k $1.0m $1.0m 0.00% Added +12.1k +12,146
25 Hartree Partners, LP 0.33% of their portfolio NEW YORK, NY 200,000200.0k $944.0k $944.0k 0.33% New
26 UBS Group AG 0.00% of their portfolio ZURICH, V8 196,549196.5k $927.7k $927.7k 0.00% Added +52.7k +52,656
27 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 183,149183.1k $864.5k $864.5k 0.00% Added +6.9k +6,855
28 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 180,932180.9k $854.0k $854.0k 0.00% Unchanged
29 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 161,212161.2k $760.9k $760.9k 0.00% Unchanged
30 Caption Management, LLC 0.04% of their portfolio OKLAHOMA CITY, OK 157,004157.0k $741.1k $741.1k 0.04% New
31 Delta Investment Management, LLC 0.13% of their portfolio SAN FRANCISCO, CA 154,681154.7k $730.1k $730.1k 0.13% Unchanged
32 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 151,974152.0k $717.3k $717.3k 0.00% Added +60.9k +60,886
33 Diametric Capital, LP 0.26% of their portfolio BOSTON, MA 147,092147.1k $694.3k $694.3k 0.26% Reduced -15.3k -15,308
34 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 125,692125.7k $593.3k $593.3k 0.00% Added +45.4k +45,425
35 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 116,574116.6k $550.2k $550.2k 0.00% Reduced -40.1k -40,149
36 Cinctive Capital Management LP 0.02% of their portfolio New York, NY 103,894103.9k $490.4k $490.4k 0.02% New
37 INGALLS & SNYDER LLC 0.02% of their portfolio NEW YORK, NY 98,60098.6k $465.0k $465.0k 0.02% Unchanged
38 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 92,70592.7k $437.6k $437.6k 0.00% Reduced -44.5k -44,525
39 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 89,86289.9k $424.1k $424.1k 0.00% Reduced -2.1k -2,101
40 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 88,81888.8k $419.2k $419.2k 0.00% Reduced -1.0k -1,003
41 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 79,29079.3k $374.2k $374.2k 0.00% Added +17.1k +17,100
42 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio HOUSTON, TX 77,56877.6k $366.1k $366.1k 0.01% Unchanged
43 WOLVERINE TRADING, LLC 0.01% of their portfolio CHICAGO, IL 77,24477.2k $366.9k $366.9k 0.01% Added +43.3k +43,310
44 HCR Wealth Advisors 0.04% of their portfolio LOS ANGELES, CA 74,87474.9k $355.3k $355.3k 0.04% Added +25.9k +25,874
45 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 69,27069.3k $327.0k $327.0k 0.00% Added +4.1k +4,071
46 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 60,01060.0k $283.2k $283.2k 0.00% New
47 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 58,18758.2k $274.6k $274.6k 0.01% Added +6.8k +6,826
48 PharVision Advisers, LLC 0.13% of their portfolio BOCA RATON, FL 50,40950.4k $237.9k $237.9k 0.13% New
49 MIRABELLA FINANCIAL SERVICES LLP 0.02% of their portfolio London, X0 50,00050.0k $236.0k $236.0k 0.02% New
50 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 48,80048.8k $230.3k $230.3k 0.00% Unchanged
51 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 44,29444.3k $209.1k $209.1k 0.00% Added +17.4k +17,405
52 MINDSET WEALTH MANAGEMENT, LLC 0.06% of their portfolio INDIANAPOLIS, IN 44,00044.0k $207.7k $207.7k 0.06% Unchanged
53 PRELUDE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 40,69240.7k $192.1k $192.1k 0.02% Reduced -22.8k -22,847
54 Financial Engines Advisors L.L.C. 0.00% of their portfolio SANTA CLARA, CA 39,86339.9k $188.2k $188.2k 0.00% New
55 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 37,08137.1k $175.0k $175.0k 0.00% Reduced -19 -19
56 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 35,70535.7k $168.5k $168.5k 0.00% Added +5.4k +5,359
57 Rathbones Group PLC 0.00% of their portfolio Liverpool, X0 34,85834.9k $164.5k $164.5k 0.00% Unchanged
58 EQUITEC PROPRIETARY MARKETS, LLC 0.92% of their portfolio CHICAGO, IL 32,73532.7k $154.5k $154.5k 0.92% Reduced -75.3k -75,311
59 FourWorld Capital Management LLC 0.37% of their portfolio NEW YORK, NY 32,04332.0k $151.2k $151.2k 0.37% New
60 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 30,83530.8k $145.5k $145.5k 0.00% Reduced -1.9k -1,883
61 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 28,60128.6k $135.0k $135.0k 0.00% Added +13.7k +13,720
62 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 28,43028.4k $134.2k $134.2k 0.00% Unchanged
63 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 26,62526.6k $125.7k $125.7k 0.00% Reduced -6.6k -6,602
64 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 25,85225.9k $122.0k $122.0k 0.00% Reduced -4.2k -4,220
65 Brookwood Investment Group LLC 0.01% of their portfolio PHOENIX, AZ 21,00021.0k $99.1k $99.1k 0.01% Reduced -500 -500
66 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 19,81719.8k $93.5k $93.5k 0.00% Reduced -2.1k -2,109
67 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 18,95419.0k $89.5k $89.5k 0.00% Added +85 +85
68 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 18,83818.8k $88.9k $88.9k 0.00% Added +35 +35
69 Morton Capital Management LLC/CA 0.01% of their portfolio CALABASAS, CA 16,67516.7k $78.7k $78.7k 0.01% Unchanged
70 CREDIT AGRICOLE S A 0.00% of their portfolio Montrouge Cedex, I0 15,32415.3k $72.3k $72.3k 0.00% First filing
71 LDR Capital Management LLC 0.10% of their portfolio New York, NY 15,11315.1k $71.3k $71.3k 0.10% New
72 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 12,84012.8k $60.6k $60.6k 0.00% New
73 SHERBROOKE PARK ADVISERS LLC 0.03% of their portfolio WHITE PLAINS, NY 11,85111.9k $55.9k $55.9k 0.03% New
74 BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio NEW YORK, NY 11,47011.5k $54.1k $54.1k 0.00% Reduced -78.5k -78,466
75 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 11,26411.3k $53.2k $53.2k 0.00% Added +1.1k +1,100
76 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 11,10011.1k $52.4k $52.4k 0.00% New
77 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 11,06211.1k $52.2k $52.2k 0.00% Added +5.9k +5,935
78 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 10,85010.8k $51.2k $51.2k 0.00% Reduced -6.0k -5,972
79 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 10,48010.5k $49.5k $49.5k 0.00% Unchanged
80 GABELLI FUNDS LLC 0.00% of their portfolio Rye, NY 10,00010.0k $47.2k $47.2k 0.00% Unchanged
81 Quarry LP 0.01% of their portfolio NEW YORK, NY 8,4238.4k $39.8k $39.8k 0.01% New
82 FMR LLC 0.00% of their portfolio BOSTON, MA 7,0367.0k $33.2k $33.2k 0.00% Added +267 +267
83 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 6,7806.8k $32.0k $32.0k 0.00% New
84 Legal & General Group Plc 0.00% of their portfolio London, X0 6,1276.1k $28.9k $28.9k 0.00% Unchanged
85 LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 0.00% of their portfolio BOSTON, MA 5,0005.0k $25.4k $25.4k 0.00% Unchanged
86 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 3,3493.3k $15.8k $15.8k 0.00% Unchanged
87 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 3,0543.1k $14.4k $14.4k 0.00% Added +2 +2
88 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 2,8242.8k $13.3k $13.3k 0.00% New
89 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 2,7092.7k $12.8k $12.8k 0.00% Reduced -4.8k -4,826
90 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,5032.5k $11.8k $11.8k 0.00% Reduced -17.2k -17,222
91 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,9782.0k $9.3k $9.3k 0.00% Added +1.6k +1,620
92 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,5751.6k $5.6k $5.6k 0.00% Unchanged
93 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 1,3671.4k $6.0k $6.0k 0.00% Unchanged
94 Evelyn Partners Investment Management LLP 0.00% of their portfolio London, X0 1,3661.4k $6.4k $6.4k 0.00% Unchanged
95 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 1,0421.0k $4.9k $4.9k 0.00% Unchanged
96 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 1,0001.0k $4.5k $4.5k 0.00% Unchanged
97 TrinityBridge Ltd 0.00% of their portfolio LONDON, X0 1,0001.0k $5.0k $5.0k 0.00% Unchanged
98 CWM, LLC 0.00% of their portfolio OMAHA, NE 991991 $5.0k $5.0k 0.00% Added +441 +441
99 Optiver Holding B.V. 0.00% of their portfolio AMSTERDAM, P7 914914 $4.3k $4.3k 0.00% New
100 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 800800 $3.8k $3.8k 0.00% Reduced -26.0k -26,043