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 ($23.0k this quarter). Holder counts are more reliable. Shares outstanding: 83.4m as of 2026-03-25, 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 ≈ $4.90. Options: 10 managers hold calls ($8.5m notional), 5 hold puts ($992.3k).
Trends to Q1 2026
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 |
| Q3 2025 | 110 |
| Q4 2025 | 121 |
| Q1 2026 | 140 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 38 | 31 |
| Q3 2024 | 30 | 32 |
| Q4 2024 | 48 | 31 |
| Q1 2025 | 53 | 32 |
| Q2 2025 | 47 | 44 |
| Q3 2025 | 60 | 32 |
| Q4 2025 | 65 | 43 |
| Q1 2026 | 77 | 52 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $2.0m | $355.3k | 0.18 |
| Q3 2025 | $9.1m | $125.1k | 0.01 |
| Q4 2025 | $19.3m | $1.6m | 0.08 |
| Q1 2026 | $8.5m | $992.3k | 0.12 |
Biggest buyers
| STONEHILL CAPITAL MANAGEMENT LLC | Added | +1.6m |
| BARCLAYS PLC | Added | +535.5k |
| AQR CAPITAL MANAGEMENT LLC | Added | +283.3k |
| JPMORGAN CHASE & CO | Added | +251.6k |
| SG Americas Securities, LLC | Added | +204.6k |
| NOMURA HOLDINGS INC | New | +182.0k |
| CITIGROUP INC | Added | +162.9k |
| MILLENNIUM MANAGEMENT LLC | New | +155.6k |
| GSA CAPITAL PARTNERS LLP | New | +150.4k |
| LEVIN CAPITAL STRATEGIES, L.P. | Added | +149.8k |
Biggest sellers
| GRATIA CAPITAL, LLC | Reduced | -990.5k |
| PEAK6 LLC | Reduced | -334.7k |
| MORGAN STANLEY | Reduced | -233.5k |
| Caption Management, LLC | Reduced | -207.3k |
| Rangeley Capital, LLC | Reduced | -199.0k |
| Nuveen, LLC | Reduced | -134.4k |
| HSBC HOLDINGS PLC | Reduced | -128.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -122.0k |
| JANE STREET GROUP, LLC | Reduced | -120.2k |
| GAM Holding AG | Reduced | -110.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.9m992.6k shares |
| BARCLAYS PLC | Reduced | $2.4m491.5k shares |
| Caption Management, LLC | Reduced | $613.8k125.0k shares |
| JANE STREET GROUP, LLC | Reduced | $194.4k39.6k shares |
| CITADEL ADVISORS LLC | Added | $172.3k35.1k shares |
| IMC-Chicago, LLC | Reduced | $96.2k19.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $56.0k11.4k shares |
| PEAK6 LLC | New | $49.1k10.0k shares |
| GRATIA CAPITAL, LLC | New | $24.6k5.0k shares |
| GROUP ONE TRADING LLC | Reduced | $4.4k900 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $709.0k144.4k shares |
| Crawford Fund Management, LLC | Reduced | $202.8k41.3k shares |
| IMC-Chicago, LLC | New | $61.4k12.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $13.3k2.7k shares |
| GROUP ONE TRADING LLC | Reduced | $5.9k1.2k 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 Q1 2026
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 |
|---|---|---|---|---|---|
| Q2 2024 | 1 | $56.2k | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Whitefort Capital Management, LP 5.96% of their portfolio | 4.0m $19.6m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 3.8m $18.8m | Reduced -40 |
| LEVIN CAPITAL STRATEGIES, L.P. 1.43% of their portfolio | 3.8m $18.7m | Added +149.8k |
| BARCLAYS PLC 0.01% of their portfolio | 3.7m $18.3m | Added +535.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 3.5m $17.3m | Added +9.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.4m $11.6m | First filing |
| STONEHILL CAPITAL MANAGEMENT LLC 4.84% of their portfolio | 1.9m $9.6m | Added +1.6m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.4m $6.8m | Added +66.9k |
| STATE STREET CORP 0.00% of their portfolio | 1.3m $6.6m | Added +65.1k |
| MORGAN STANLEY 0.00% of their portfolio | 1.0m $5.1m | Reduced -233.5k |
| ELKHORN PARTNERS LIMITED PARTNERSHIP 2.01% of their portfolio | 643.5k $3.2m | Reduced -8.5k |
| GRATIA CAPITAL, LLC 2.35% of their portfolio | 506.0k $2.5m | Reduced -990.5k |
| Permanent Capital Management, LP 0.32% of their portfolio | 474.0k $2.1m | Reduced -22.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 461.2k $2.3m | Added +6.4k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 450.6k $2.2m | Reduced -120.2k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 399.6k $2.0m | First filing |
| Potomac Capital Management, Inc. 1.44% of their portfolio | 335.0k $1.6m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 330.3k $1.6m | First filing |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 321.6k $1.6m | Added +283.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 315.3k $1.5m | Reduced -42.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 273.6k $1.3m | Added +251.6k |
| Cinctive Capital Management LP 0.09% of their portfolio | 269.9k $1.3m | Added +76.9k |
| Parkshore Wealth Management, Inc. 0.43% of their portfolio | 263.8k $1.3m | Added +8.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 233.6k $1.1m | Added +41.1k |
| CITIGROUP INC 0.00% of their portfolio | 229.6k $1.1m | Added +162.9k |
| Massar Capital Management, LP 0.22% of their portfolio | 225.6k $1.1m | Unchanged |
| SG Americas Securities, LLC 0.00% of their portfolio | 218.1k $1.1m | Added +204.6k |
| Hartree Partners, LP 0.21% of their portfolio | 200.0k $982.0k | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 192.8k $946.5k | Reduced -5.7k |
| NOMURA HOLDINGS INC 0.01% of their portfolio | 182.0k $893.7k | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 173.5k $851.8k | Reduced -38.6k |
| Nuveen, LLC 0.00% of their portfolio | 168.1k $825.2k | Reduced -134.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 155.6k $764.1k | New |
| GSA CAPITAL PARTNERS LLP 0.05% of their portfolio | 150.4k $738.0k | New |
| UBS Group AG 0.00% of their portfolio | 149.2k $732.4k | Reduced -19.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 144.6k $710.2k | Added +55.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 144.5k $709.5k | Reduced -16.7k |
| MATAURO, LLC 0.10% of their portfolio | 143.1k $702.6k | Added +35.6k |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 140.6k $690.2k | Added +28.1k |
| HCR Wealth Advisors 0.07% of their portfolio | 138.0k $677.6k | Added +56.6k |
| Brevan Howard Capital Management LP 0.01% of their portfolio | 132.1k $648.5k | Reduced -65.8k |
| Delta Investment Management, LLC 0.12% of their portfolio | 131.8k $647.3k | Reduced -14.3k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 125.5k $617.5k | Reduced -128.6k |
| GAM Holding AG 0.05% of their portfolio | 120.0k $589.2k | Reduced -110.0k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 107.6k $528.2k | Reduced -70.7k |
| INGALLS & SNYDER LLC 0.02% of their portfolio | 98.6k $484.0k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 92.9k $456.0k | Added +19.2k |
| Brooklyn Investment Group 0.01% of their portfolio | 89.4k $438.9k | New |
| Pekin Hardy Strauss, Inc. 0.04% of their portfolio | 87.5k $429.6k | Added +21.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 86.7k $425.8k | Reduced -1.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 86.3k $424.0k | Added +10.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 70.9k $397.7k | Reduced -17.7k |
| Rathbones Group PLC 0.00% of their portfolio | 69.7k $342.3k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 67.6k $332.2k | Added +55.5k |
| Caption Management, LLC 0.01% of their portfolio | 55.0k $270.1k | Reduced -207.3k |
| FLAX POND CAPITAL, LLC 0.21% of their portfolio | 53.8k $264.2k | Unchanged |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 53.2k $261.3k | Reduced -82.7k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 52.6k $258.1k | Reduced -25.0k |
| Alpine Global Management, LLC 0.04% of their portfolio | 51.2k $251.3k | Added +1.2k |
| Rangeley Capital, LLC 0.27% of their portfolio | 50.0k $245.5k | Reduced -199.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 46.8k $229.8k | Added +6.9k |
| Ancora Advisors LLC 0.00% of their portfolio | 46.6k $229.0k | Reduced -2.2k |
| DBA TRADING, LLC 0.11% of their portfolio | 46.0k $226.1k | Reduced -92.0k |
| Jump Financial, LLC 0.00% of their portfolio | 44.7k $219.5k | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 43.5k $213.6k | Added +18.0k |
| Squarepoint Ops LLC 0.00% of their portfolio | 43.4k $213.3k | Reduced -47.6k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 42.4k $208.1k | New |
| MINDSET WEALTH MANAGEMENT, LLC 0.05% of their portfolio | 40.0k $196.4k | Added +2.0k |
| Dynamic Technology Lab Private Ltd 0.03% of their portfolio | 35.7k $175.4k | New |
| Wealthspire Advisors, LLC 0.00% of their portfolio | 35.3k $173.5k | Unchanged |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 34.1k $167.5k | New |
| SOROS FUND MANAGEMENT LLC 0.00% of their portfolio | 29.2k $143.4k | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 28.4k $139.6k | Unchanged |
| Morton Capital Management LLC/CA 0.02% of their portfolio | 24.9k $122.2k | Added +8.2k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 24.8k $121.9k | First filing |
| Tidal Investments LLC 0.00% of their portfolio | 24.7k $121.3k | New |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 24.6k $120.7k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 24.4k $119.9k | Added +2.7k |
| nVerses Capital, LLC 0.11% of their portfolio | 23.6k $115.8k | New |
| TRANSCEND CAPITAL ADVISORS, LLC 0.01% of their portfolio | 23.3k $114.6k | New |
| Invesco Ltd. 0.00% of their portfolio | 22.8k $111.7k | Reduced -1.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 21.6k $106.0k | Added +19.2k |
| Brookwood Investment Group LLC 0.01% of their portfolio | 21.0k $103.1k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 20.3k $99.6k | Reduced -39.9k |
| Mariner, LLC 0.00% of their portfolio | 20.1k $98.5k | New |
| Lido Advisors, LLC 0.00% of their portfolio | 20.0k $98.2k | Reduced -17.1k |
| CWM, LLC 0.00% of their portfolio | 19.3k $94.8k | Added +17.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 19.2k $94.2k | Reduced -122.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 19.1k $93.7k | Added +5 |
| INCEPTIONR LLC 0.02% of their portfolio | 19.1k $93.7k | New |
| Virtu Financial LLC 0.00% of their portfolio | 19.1k $94.0k | Added +8.8k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 18.0k $88.2k | Unchanged |
| HRT FINANCIAL LP 0.00% of their portfolio | 17.7k $86.0k | New |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 16.9k $83.1k | Reduced -20.5k |
| FOX RUN MANAGEMENT, L.L.C. 0.01% of their portfolio | 16.4k $79.9k | New |
| IMC-Chicago, LLC 0.00% of their portfolio | 14.9k $73.1k | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 14.1k $69.4k | Reduced -2.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 13.2k $64.9k | Added +12.2k |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 11.8k $57.8k | Added +500 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 11.6k $57.1k | New |