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 ($9.4m this quarter). Holder counts are more reliable. Shares outstanding: 370.3m as of 2025-11-03, 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 ≈ $22.10. Options: 18 managers hold calls ($66.4m notional), 11 hold puts ($24.7m).
Trends to Q3 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 |
| Q3 2025 | 347 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q3 2025 | 178 | 243 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $36.8m | $6.6m | 0.18 |
| Q1 2025 | $129.1m | $53.9m | 0.42 |
| Q2 2025 | $137.9m | $59.0m | 0.43 |
| Q3 2025 | $66.4m | $24.7m | 0.37 |
Biggest buyers
| D1 Capital Partners L.P. | Added | +7.0m |
| FULLER & THALER ASSET MANAGEMENT, INC. | Added | +5.0m |
| FMR LLC | Added | +4.6m |
| JPMORGAN CHASE & CO | Added | +4.4m |
| VIKING GLOBAL INVESTORS LP | Added | +3.4m |
| Point72 Asset Management, L.P. | Added | +2.5m |
| Holocene Advisors, LP | New | +2.5m |
| Clarkston Capital Partners, LLC | New | +2.3m |
| Assenagon Asset Management S.A. | Added | +2.2m |
| Man Group plc | Added | +2.2m |
Biggest sellers
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -8.4m |
| Ghisallo Capital Management LLC | Reduced | -2.8m |
| Boston Partners | Reduced | -2.7m |
| JANE STREET GROUP, LLC | Reduced | -2.4m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -1.7m |
| SEVEN GRAND MANAGERS, LLC | Reduced | -1.5m |
| Alyeska Investment Group, L.P. | Reduced | -1.4m |
| Palestra Capital Management LLC | Reduced | -1.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.1m |
| ROYAL BANK OF CANADA | Reduced | -1.1m |
Biggest calls
| Walleye Trading LLC | Reduced | $21.6m978.3k shares |
| BARCLAYS PLC | Added | $11.1m500.0k shares |
| MILLENNIUM MANAGEMENT LLC | New | $8.9m400.7k shares |
| Hiddenite Capital Partners LP | New | $4.4m200.0k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $3.7m169.1k shares |
| JANE STREET GROUP, LLC | Reduced | $3.7m166.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.8m125.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $2.0m92.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.9m87.0k shares |
| GROUP ONE TRADING LLC | Reduced | $1.9m85.5k shares |
Biggest puts
| BARCLAYS PLC | New | $11.1m500.0k shares |
| MILLENNIUM MANAGEMENT LLC | New | $4.4m200.7k shares |
| CITADEL ADVISORS LLC | Reduced | $3.7m166.9k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $1.9m87.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.3m57.1k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Unchanged | $850.9k38.5k shares |
| SIMPLEX TRADING, LLC | Added | $457.0k20.7k shares |
| Walleye Capital LLC | Reduced | $446.4k20.2k shares |
| Walleye Trading LLC | Reduced | $276.2k12.5k shares |
| WOLVERINE TRADING, LLC | Added | $226.9k10.2k 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 |
|---|---|
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 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2025 | 3 | $595.8k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-08-14 | Cramer Michael John Director | Bought | $97.8k4.0k shares |
| 2025-08-13 | Rietbroek Robbert Chief Executive Officer, director | Bought | $199.8k8.3k shares |
| 2025-08-12 | STANBROOK STEVEN P Director | Bought | $298.1k12.4k 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.03% of their portfolio | 23.5m $518.6m | Added +4.6m |
| VIKING GLOBAL INVESTORS LP 1.32% of their portfolio | 23.0m $509.1m | Added +3.4m |
| VANGUARD GROUP INC 0.01% of their portfolio | 22.0m $485.7m | Reduced -220.7k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.68% of their portfolio | 11.8m $261.5m | Added +1.2m |
| D1 Capital Partners L.P. 3.00% of their portfolio | 11.8m $261.1m | Added +7.0m |
| BlackRock, Inc. 0.00% of their portfolio | 11.5m $253.7m | Added +135.0k |
| SAMLYN CAPITAL, LLC 2.43% of their portfolio | 7.7m $170.8m | Reduced -95.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 7.4m $163.5m | Added +4.4m |
| Third Point LLC 1.52% of their portfolio | 5.8m $127.6m | Unchanged |
| Boston Partners 0.12% of their portfolio | 5.4m $119.7m | Reduced -2.7m |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 5.1m $112.5m | Added +177.9k |
| Palestra Capital Management LLC 3.67% of their portfolio | 5.1m $111.9m | Reduced -1.2m |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.38% of their portfolio | 5.0m $110.3m | Added +5.0m |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 5.0m $110.2m | Reduced -880.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 4.7m $102.8m | Reduced -481.3k |
| STATE STREET CORP 0.00% of their portfolio | 4.4m $97.6m | Reduced -35.6k |
| Point72 Asset Management, L.P. 0.21% of their portfolio | 4.4m $97.2m | Added +2.5m |
| Allspring Global Investments Holdings, LLC 0.15% of their portfolio | 4.2m $93.0m | Added +443.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.2m $93.8m | Added +133.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.2m $92.7m | Added +1.5m |
| Qube Research & Technologies Ltd 0.11% of their portfolio | 3.7m $80.8m | Added +2.2m |
| Squarepoint Ops LLC 0.17% of their portfolio | 3.6m $79.8m | Added +843.6k |
| Assenagon Asset Management S.A. 0.10% of their portfolio | 3.1m $69.1m | Added +2.2m |
| KBC Group NV 0.16% of their portfolio | 3.0m $66.4m | Added +936.7k |
| Man Group plc 0.13% of their portfolio | 2.9m $65.2m | Added +2.2m |
| Pertento Partners LLP 7.59% of their portfolio | 2.8m $62.3m | Added +155.8k |
| MAPLELANE CAPITAL, LLC 2.78% of their portfolio | 2.6m $57.9m | Reduced -507.0k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 2.6m $57.1m | Reduced -1.1m |
| UBS Group AG 0.01% of their portfolio | 2.5m $55.6m | Added +1.6m |
| Holocene Advisors, LP 0.13% of their portfolio | 2.5m $55.2m | New |
| M.D. Sass, LLC 4.45% of their portfolio | 2.5m $54.5m | Reduced -209.7k |
| Nuveen, LLC 0.01% of their portfolio | 2.5m $54.4m | Reduced -768.9k |
| Zimmer Partners, LP 1.32% of their portfolio | 2.4m $53.9m | Added +89.6k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 2.3m $51.9m | Added +477.0k |
| Clarkston Capital Partners, LLC 1.08% of their portfolio | 2.3m $50.3m | New |
| BAMCO INC /NY/ 0.13% of their portfolio | 2.3m $49.8m | Added +2.1m |
| MORGAN STANLEY 0.00% of their portfolio | 2.2m $47.6m | Added +81.3k |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 2.16% of their portfolio | 1.8m $39.5m | Added +1.6m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.8m $39.0m | Added +35.1k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 1.7m $38.0m | Added +11.2k |
| MAVERICK CAPITAL LTD 0.50% of their portfolio | 1.7m $37.3m | Reduced -742.0k |
| Park West Asset Management LLC 3.23% of their portfolio | 1.6m $35.4m | New |
| PALISADE CAPITAL MANAGEMENT, LP 0.90% of their portfolio | 1.5m $33.2m | Reduced -15.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.5m $32.9m | Added +115.0k |
| Simcoe Capital Management, LLC 4.57% of their portfolio | 1.4m $31.5m | New |
| ExodusPoint Capital Management, LP 0.42% of their portfolio | 1.4m $30.1m | Added +1.2m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $26.2m | Reduced -61.8k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.15% of their portfolio | 1.0m $22.6m | New |
| Gotham Asset Management, LLC 0.10% of their portfolio | 1.0m $22.4m | Added +1.0m |
| NEUMEIER POMA INVESTMENT COUNSEL LLC 1.81% of their portfolio | 1.0m $22.1m | Added +26.4k |
| Southpoint Capital Advisors LP 0.58% of their portfolio | 1.0m $22.1m | Reduced -500.0k |
| Burkehill Global Management, LP 1.26% of their portfolio | 1.0m $22.1m | Reduced -500.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 984.5k $21.8m | New |
| SCOPIA CAPITAL MANAGEMENT LP 3.04% of their portfolio | 979.2k $21.6m | Reduced -131.9k |
| Legal & General Group Plc 0.00% of their portfolio | 960.6k $21.2m | Added +210.5k |
| Bayberry Capital Partners LP 6.00% of their portfolio | 943.0k $20.8m | Added +403.9k |
| BWCP, LP 3.58% of their portfolio | 933.7k $20.6m | New |
| Verition Fund Management LLC 0.11% of their portfolio | 900.2k $19.9m | Reduced -343.8k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 876.9k $19.4m | Added +137.2k |
| Alyeska Investment Group, L.P. 0.06% of their portfolio | 860.9k $19.0m | Reduced -1.4m |
| Nitorum Capital, L.P. 3.13% of their portfolio | 807.5k $17.8m | Reduced -420.6k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 773.2k $17.1m | Reduced -2.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 740.6k $16.4m | Reduced -667.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 728.4k $16.1m | Reduced -1.1m |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 704.5k $15.6m | Reduced -211.9k |
| Freestone Grove Partners LP 0.10% of their portfolio | 622.9k $13.8m | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio | 612.6k $13.5m | Reduced -137.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 611.9k $13.5m | Reduced -221.9k |
| MOORE CAPITAL MANAGEMENT, LP 0.27% of their portfolio | 611.1k $13.5m | Reduced -1 |
| BARCLAYS PLC 0.00% of their portfolio | 603.4k $13.3m | Added +35.8k |
| Amundi 0.00% of their portfolio | 585.0k $12.6m | New |
| LPL Financial LLC 0.00% of their portfolio | 565.3k $12.5m | Reduced -80.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 560.0k $12.4m | Unchanged |
| SEI INVESTMENTS CO 0.01% of their portfolio | 521.9k $11.5m | Added +74.9k |
| SEVEN GRAND MANAGERS, LLC 0.90% of their portfolio | 500.0k $11.1m | Reduced -1.5m |
| Troluce Capital Advisors LLC 3.92% of their portfolio | 500.0k $11.1m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 482.3k $10.7m | Reduced -697.4k |
| Swiss National Bank 0.01% of their portfolio | 470.5k $10.4m | Reduced -32.6k |
| TWINBEECH CAPITAL LP 0.36% of their portfolio | 416.9k $9.2m | Added +112.5k |
| Ceredex Value Advisors LLC 0.21% of their portfolio | 404.6k $8.9m | Reduced -984.8k |
| South Street Advisors LLC 1.15% of their portfolio | 398.4k $8.8m | Added +17.4k |
| INTACT INVESTMENT MANAGEMENT INC. 0.25% of their portfolio | 371.4k $8.2m | Reduced -133.5k |
| CORBYN INVESTMENT MANAGEMENT INC/MD 2.35% of their portfolio | 362.8k $8.0m | Reduced -4.0k |
| iA Global Asset Management Inc. 0.10% of their portfolio | 346.6k $7.7m | Added +175.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 314.5k $7.0m | Reduced -74.4k |
| Engineers Gate Manager LP 0.08% of their portfolio | 299.2k $6.6m | Added +26.8k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 294.9k $6.5m | Reduced -1.7m |
| Invesco Ltd. 0.00% of their portfolio | 289.0k $6.4m | Reduced -12.5k |
| Bullseye Asset Management LLC 3.30% of their portfolio | 285.3k $6.3m | Unchanged |
| Rip Road Capital Partners LP 6.25% of their portfolio | 262.7k $5.8m | Added +87.0k |
| Magnetar Financial LLC 0.04% of their portfolio | 261.4k $5.8m | Reduced -53.0k |
| Skye Global Management LP 0.11% of their portfolio | 255.0k $5.6m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 252.2k $5.6m | Reduced -9.6k |
| Ghisallo Capital Management LLC 0.18% of their portfolio | 250.0k $5.5m | Reduced -2.8m |
| HEARTLAND ADVISORS INC 0.28% of their portfolio | 243.3k $5.4m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 230.2k $5.1m | Reduced -16.1k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 225.0k $5.0m | Reduced -1.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 221.8k $4.9m | Reduced -51.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 219.3k $4.8m | Reduced -42.4k |
| Aperture Investors, LLC 0.67% of their portfolio | 216.9k $4.8m | Reduced -7.2k |