PRIMO BRANDS CORPORATION PRMB
CLASS A COM SHS · Common Stock · CUSIP 741623102
- SectorConsumer staples
- IndustryBeverages
- HeadquartersTampa, FL
- 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 ($29.3m this quarter). Holder counts are more reliable. Shares outstanding: 373.5m as of 2025-08-04, 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 ≈ $29.62. Options: 16 managers hold calls ($137.9m notional), 16 hold puts ($59.0m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1 |
| Q4 2022 | 1 |
| Q1 2023 | 1 |
| Q2 2023 | 1 |
| Q3 2023 | 1 |
| Q4 2023 | 1 |
| Q1 2024 | 1 |
| Q2 2024 | 2 |
| Q3 2024 | 6 |
| Q4 2024 | 280 |
| Q1 2025 | 350 |
| Q2 2025 | 397 |
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 | 0 | 0 |
| Q4 2023 | 0 | 0 |
| Q1 2024 | 0 | 0 |
| Q2 2024 | 0 | 0 |
| Q3 2024 | 5 | 0 |
| Q4 2024 | 264 | 3 |
| Q1 2025 | 227 | 122 |
| Q2 2025 | 254 | 157 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $0 | $0 | — |
| Q4 2024 | $36.8m | $6.6m | 0.18 |
| Q1 2025 | $129.1m | $53.9m | 0.42 |
| Q2 2025 | $137.9m | $59.0m | 0.43 |
Biggest buyers
| VIKING GLOBAL INVESTORS LP | Added | +14.6m |
| Palestra Capital Management LLC | New | +6.3m |
| ALLIANCEBERNSTEIN L.P. | Added | +5.6m |
| BANK OF AMERICA CORP /DE/ | Added | +3.5m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +3.3m |
| SAMLYN CAPITAL, LLC | Added | +3.2m |
| Third Point LLC | Added | +3.0m |
| MILLENNIUM MANAGEMENT LLC | Added | +2.9m |
| Squarepoint Ops LLC | Added | +2.8m |
| M.D. Sass, LLC | New | +2.7m |
Biggest sellers
| EMINENCE CAPITAL, LP | Sold out | -7.0m |
| AXIOM INVESTORS LLC /DE | Sold out | -6.5m |
| BlackRock, Inc. | Reduced | -3.6m |
| CITADEL ADVISORS LLC | Reduced | -3.6m |
| Artisan Partners Limited Partnership | Sold out | -2.1m |
| Southpoint Capital Advisors LP | Reduced | -2.0m |
| MANE GLOBAL CAPITAL MANAGEMENT LP | Sold out | -2.0m |
| Holocene Advisors, LP | Sold out | -1.8m |
| T. Rowe Price Investment Management, Inc. | Reduced | -1.5m |
| FMR LLC | Reduced | -1.5m |
Biggest calls
| JANE STREET GROUP, LLC | Added | $32.9m1.1m shares |
| Walleye Trading LLC | Added | $29.8m1.0m shares |
| CITADEL ADVISORS LLC | Reduced | $13.7m460.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.3m413.6k shares |
| WELLS FARGO & COMPANY/MN | New | $12.0m403.6k shares |
| Parallax Volatility Advisers, L.P. | New | $11.5m389.1k shares |
| GROUP ONE TRADING LLC | Added | $7.9m268.3k shares |
| SIMPLEX TRADING, LLC | Added | $7.0m237.3k shares |
| BARCLAYS PLC | New | $4.4m150.2k shares |
| WOLVERINE TRADING, LLC | Added | $2.9m100.5k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $15.0m507.9k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | New | $14.6m492.3k shares |
| Point72 Asset Management, L.P. | New | $11.1m375.0k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | New | $8.9m300.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.7m123.9k shares |
| Walleye Capital LLC | Added | $1.2m40.5k shares |
| WOLVERINE ASSET MANAGEMENT LLC | New | $1.1m38.5k shares |
| Walleye Trading LLC | Added | $613.1k20.7k shares |
| JANE STREET GROUP, LLC | New | $530.2k17.9k shares |
| IMC-Chicago, LLC | New | $521.3k17.6k 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 |
|---|---|
ORCP III DE TopCo GP, LLC
13D · may seek influence
-4.9 pts · filed 2026-08-10
Stated purposeItem 4 of the Schedule 13D is hereby amended and supplemented as follows: August 2026 Underwriting Agreement & Repurchase Transaction On August 6, 2026, the Issuer, Triton Water Equity Holdings, LP and Morgan Stanley & Co. LLC, acting as underwriter (the "Underwriter"), entered into an Underwriting Agreement (the "August 2026 Underwriting Agreement"), pursuant to which the Underwriter agreed to purchase 20,000,000 shares of Class A Common Stock from Triton Water Equity Holdings, LP, subject to and upon the terms and conditions set forth therein, at a price of $24.37 per share (the "August 2026 Transaction"). On August 7, 2026, the August 2026 Transaction closed. Pursuant to the August 2026 Underwriting Agreement, the Issuer and the Reporting Persons have agreed not to sell or otherwise… Full filing |
26.5% |
| FMR LLC 13G · institution -1.1 pts · filed 2026-08-06 | 6.9% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27), VIKING GLOBAL INVESTORS LP (0.0%, 2026-02-17)
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 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 1 | $1.5bn | — |
| Q2 2025 | 0 | — | 1 | $1.6bn | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-05-12 | Spielvogel Scott +4 10% owner · See Footnote | Sold | $1.6bn50.7m shares |
| 2025-05-12 | Lee Tony W Director · See Footnote | Sold | $1.6bn50.7m shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 22.2m $657.5m | Added +2.5m |
| VIKING GLOBAL INVESTORS LP 1.68% of their portfolio | 19.6m $580.6m | Added +14.6m |
| FMR LLC 0.03% of their portfolio | 18.9m $558.9m | Reduced -1.5m |
| BlackRock, Inc. 0.01% of their portfolio | 11.3m $336.0m | Reduced -3.6m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.83% of their portfolio | 10.6m $314.1m | Reduced -799.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.16% of their portfolio | 8.5m $251.8m | Added +3.3m |
| Boston Partners 0.27% of their portfolio | 8.1m $239.6m | Added +971.9k |
| SAMLYN CAPITAL, LLC 3.36% of their portfolio | 7.8m $231.8m | Added +3.2m |
| Palestra Capital Management LLC 5.50% of their portfolio | 6.3m $185.8m | New |
| ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio | 5.9m $173.8m | Added +5.6m |
| Third Point LLC 2.24% of their portfolio | 5.8m $171.1m | Added +3.0m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.1m $152.1m | Added +3.5m |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 4.9m $145.5m | Added +1.2m |
| D1 Capital Partners L.P. 1.98% of their portfolio | 4.8m $142.5m | Reduced -414.2k |
| STATE STREET CORP 0.00% of their portfolio | 4.4m $131.8m | Reduced -111.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.1m $121.7m | Reduced -413.0k |
| Allspring Global Investments Holdings, LLC 0.19% of their portfolio | 3.8m $112.4m | Added +1.4m |
| MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio | 3.7m $109.8m | Added +2.9m |
| NORGES BANK 0.01% of their portfolio | 3.5m $105.0m | Added +1.2m |
| Nuveen, LLC 0.03% of their portfolio | 3.2m $95.7m | Added +1.4m |
| JANE STREET GROUP, LLC 0.15% of their portfolio | 3.2m $95.2m | Added +2.0m |
| MAPLELANE CAPITAL, LLC 5.71% of their portfolio | 3.1m $92.6m | Added +615.0k |
| Ghisallo Capital Management LLC 2.37% of their portfolio | 3.0m $88.9m | Added +957.8k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.9m $87.3m | Added +265.5k |
| Squarepoint Ops LLC 0.18% of their portfolio | 2.8m $82.0m | Added +2.8m |
| M.D. Sass, LLC 6.38% of their portfolio | 2.7m $79.2m | New |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.7m $79.1m | Added +451.7k |
| Pertento Partners LLP 8.90% of their portfolio | 2.7m $78.9m | Added +107.9k |
| MAVERICK CAPITAL LTD 1.11% of their portfolio | 2.4m $72.0m | Added +491.8k |
| Zimmer Partners, LP 1.59% of their portfolio | 2.3m $69.6m | Reduced -237.7k |
| Alyeska Investment Group, L.P. 0.24% of their portfolio | 2.3m $66.7m | Added +347.8k |
| MORGAN STANLEY 0.00% of their portfolio | 2.1m $61.4m | Added +685.1k |
| KBC Group NV 0.17% of their portfolio | 2.1m $61.2m | Added +15.3k |
| SEVEN GRAND MANAGERS, LLC 7.11% of their portfolio | 2.0m $59.2m | Added +1.0m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.0m $58.1m | Added +51.8k |
| Point72 Asset Management, L.P. 0.13% of their portfolio | 1.9m $55.7m | Reduced -115.1k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 1.9m $55.4m | Reduced -24.5k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.8m $54.8m | Added +1.8m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.7m $51.2m | Added +313.2k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 1.7m $50.5m | Reduced -3.6m |
| PALISADE CAPITAL MANAGEMENT, LP 1.27% of their portfolio | 1.5m $45.0m | Reduced -244.1k |
| Southpoint Capital Advisors LP 1.12% of their portfolio | 1.5m $44.4m | Reduced -2.0m |
| Burkehill Global Management, LP 3.28% of their portfolio | 1.5m $44.4m | Unchanged |
| Qube Research & Technologies Ltd 0.06% of their portfolio | 1.5m $44.0m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.4m $41.7m | Added +412.7k |
| Ceredex Value Advisors LLC 0.88% of their portfolio | 1.4m $41.2m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.4m $40.7m | Reduced -132.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.2m $36.9m | Reduced -697.1k |
| Verition Fund Management LLC 0.21% of their portfolio | 1.2m $36.8m | Added +705.7k |
| Nitorum Capital, L.P. 5.39% of their portfolio | 1.2m $36.4m | Reduced -862.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 1.2m $34.9m | Added +502.8k |
| SCOPIA CAPITAL MANAGEMENT LP 4.02% of their portfolio | 1.1m $32.9m | Added +191.5k |
| SCOPUS ASSET MANAGEMENT, L.P. 0.88% of their portfolio | 1.1m $32.7m | Reduced -767.4k |
| HRT FINANCIAL LP 0.16% of their portfolio | 989.2k $29.3m | New |
| NEUMEIER POMA INVESTMENT COUNSEL LLC 2.69% of their portfolio | 974.5k $28.9m | Reduced -1.8k |
| TUDOR INVESTMENT CORP ET AL 0.21% of their portfolio | 944.2k $28.0m | New |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 919.4k $27.2m | New |
| UBS Group AG 0.01% of their portfolio | 917.1k $27.2m | Reduced -812.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 916.5k $27.1m | Added +224.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 833.8k $24.7m | Added +40.2k |
| Weiss Asset Management LP 0.38% of their portfolio | 808.2k $23.9m | Added +775.6k |
| Jain Global LLC 0.36% of their portfolio | 786.7k $23.3m | Added +361.9k |
| SOROS FUND MANAGEMENT LLC 0.39% of their portfolio | 759.8k $22.5m | Added +268.9k |
| Legal & General Group Plc 0.01% of their portfolio | 750.1k $22.2m | Added +131.5k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio | 750.0k $22.2m | New |
| Man Group plc 0.05% of their portfolio | 748.0k $22.2m | Added +419.3k |
| Newbrook Capital Advisors LP 2.76% of their portfolio | 740.2k $21.9m | Reduced -529.4k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 739.8k $21.9m | Added +57.7k |
| Sculptor Capital LP 0.34% of their portfolio | 700.0k $20.7m | Added +392.0k |
| LPL Financial LLC 0.01% of their portfolio | 645.3k $19.1m | Added +317.1k |
| Freestone Grove Partners LP 0.14% of their portfolio | 622.9k $18.5m | Added +373.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 620.7k $18.4m | Reduced -221.5k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.79% of their portfolio | 611.3k $18.1m | Reduced -21.1k |
| MOORE CAPITAL MANAGEMENT, LP 0.36% of their portfolio | 611.1k $18.1m | Reduced -292.0k |
| Cubist Systematic Strategies, LLC 0.18% of their portfolio | 576.1k $17.1m | New |
| BARCLAYS PLC 0.01% of their portfolio | 567.6k $16.8m | Added +287.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 560.0k $16.6m | Reduced -17.6k |
| Bayberry Capital Partners LP 5.28% of their portfolio | 539.1k $16.0m | New |
| LEVIN CAPITAL STRATEGIES, L.P. 1.47% of their portfolio | 505.6k $15.0m | Reduced -144.9k |
| INTACT INVESTMENT MANAGEMENT INC. 0.51% of their portfolio | 505.0k $15.0m | Added +129.4k |
| Swiss National Bank 0.01% of their portfolio | 503.1k $14.9m | Added +101.2k |
| PINNBROOK CAPITAL MANAGEMENT LP 3.85% of their portfolio | 496.5k $14.7m | Added +14.2k |
| NewGen Asset Management Ltd 4.67% of their portfolio | 470.4k $13.9m | Added +267.7k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 447.0k $13.2m | Added +151.2k |
| LORD, ABBETT & CO. LLC 0.04% of their portfolio | 441.2k $13.1m | Reduced -810.5k |
| Trexquant Investment LP 0.14% of their portfolio | 433.5k $12.8m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 388.9k $11.5m | Added +356.8k |
| South Street Advisors LLC 1.67% of their portfolio | 381.0k $11.3m | New |
| CORBYN INVESTMENT MANAGEMENT INC/MD 3.65% of their portfolio | 366.7k $10.9m | Reduced -1.2k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 329.5k $9.8m | Reduced -330.8k |
| CITIGROUP INC 0.01% of their portfolio | 329.3k $9.8m | Added +159.2k |
| Samjo Management, LLC 4.02% of their portfolio | 321.9k $9.5m | Reduced -6.7k |
| Magnetar Financial LLC 0.05% of their portfolio | 314.4k $9.3m | New |
| TWINBEECH CAPITAL LP 0.20% of their portfolio | 304.5k $9.0m | New |
| Invesco Ltd. 0.00% of their portfolio | 301.5k $8.9m | Added +67.9k |
| Walleye Capital LLC 0.08% of their portfolio | 290.8k $8.6m | Added +127.5k |
| Bullseye Asset Management LLC 4.21% of their portfolio | 285.3k $8.4m | Unchanged |
| Brevan Howard Capital Management LP 0.09% of their portfolio | 284.8k $8.4m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 273.3k $8.1m | Reduced -192.1k |
| Engineers Gate Manager LP 0.10% of their portfolio | 272.4k $8.1m | New |