ZEVIA PBC ZVIA
CL A · Common Stock · CUSIP 98955K104 · ISIN US98955K1043
American zero-calorie soft drinks manufacturer
* 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 ($15.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1.64. Options: 3 managers hold calls ($77.4k notional), 2 hold puts ($43.8k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 47 |
| Q4 2022 | 60 |
| Q1 2023 | 65 |
| Q2 2023 | 70 |
| Q3 2023 | 59 |
| Q4 2023 | 64 |
| Q1 2024 | 51 |
| Q2 2024 | 60 |
| Q3 2024 | 40 |
| Q4 2024 | 66 |
| Q1 2025 | 82 |
| Q2 2025 | 99 |
| Q3 2025 | 100 |
| Q4 2025 | 109 |
| Q1 2026 | 118 |
| Q2 2026 | 102 |
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 2024 | 6 | 41 |
| Q4 2024 | 43 | 14 |
| Q1 2025 | 52 | 28 |
| Q2 2025 | 71 | 43 |
| Q3 2025 | 50 | 46 |
| Q4 2025 | 69 | 34 |
| Q1 2026 | 68 | 54 |
| Q2 2026 | 61 | 68 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $249.8k | $140.9k | 0.56 |
| Q4 2025 | $189.8k | $122.0k | 0.64 |
| Q1 2026 | $80.0k | $117 | 0.00 |
| Q2 2026 | $77.4k | $43.8k | 0.57 |
Biggest buyers
| MACKENZIE FINANCIAL CORP | Added | +2.5m |
| Kanen Wealth Management LLC | Added | +1.4m |
| JANE STREET GROUP, LLC | New | +969.4k |
| OneAscent Financial Services LLC | New | +750.4k |
| BRIGHTON JONES LLC | New | +584.7k |
| VANGUARD CAPITAL MANAGEMENT LLC | Added | +435.4k |
| Topline Capital Management, LLC | Added | +428.9k |
| Stoic Point Capital Management LLC | Added | +393.8k |
| AQR CAPITAL MANAGEMENT LLC | Added | +390.3k |
| TWO SIGMA INVESTMENTS, LP | Added | +313.9k |
Biggest sellers
| BlackRock, Inc. | Reduced | -2.3m |
| Caisse de depot et placement du Quebec | Reduced | -2.1m |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | Sold out | -1.5m |
| Potrero Capital Research LLC | Reduced | -1.4m |
| ArrowMark Colorado Holdings LLC | Sold out | -1.1m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -931.1k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -655.7k |
| Divisadero Street Capital Management, LP | Sold out | -577.5k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Sold out | -394.6k |
| STATE STREET CORP | Reduced | -316.9k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $71.7k44.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.3k2.0k shares |
| GROUP ONE TRADING LLC | Added | $2.4k1.5k shares |
Biggest puts
| CITADEL ADVISORS LLC | New | $39.4k24.2k shares |
| SIMPLEX TRADING, LLC | Added | $4.4k2.7k 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 |
|---|---|
| CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 13D · may seek influence -4.2 pts · filed 2026-05-28 | 15.9% |
| Topline Capital Management, LLC 13G · institution new · filed 2026-02-13 | 8.8% |
Fell to 5% or below in the last year: Tallwoods Investments, LLC (1.0%, 2026-02-17), Divisadero Street Capital Management, LP (4.8%, 2026-02-13)
Insider purchases and sales since 1 Apr 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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $4.9m | — |
| Q1 2025 | 0 | — | 3 | $321.7k | — |
| Q2 2025 | 0 | — | 1 | $203.2k | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 1 | $528.0k | — |
| Q1 2026 | 0 | — | 3 | $273.1k | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-05-27 | CAISSE DE DEPOT ET PLACEMENT DU QUEBEC +1 10% owner | Sold | $4.1m2.1m 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 2026
| Manager | Shares | Change |
|---|---|---|
| Caisse de depot et placement du Quebec 0.03% of their portfolio | 11.4m $18.6m | Reduced -2.1m |
| Topline Capital Management, LLC 3.03% of their portfolio | 7.2m $11.7m | Added +428.9k |
| Kanen Wealth Management LLC 1.12% of their portfolio | 2.7m $4.6m | Added +1.4m |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 2.7m $4.4m | Added +2.5m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.1m $3.5m | Added +435.4k |
| Jefferies Financial Group Inc. 0.03% of their portfolio | 2.1m $3.4m | Added +3.3k |
| Stoic Point Capital Management LLC 1.55% of their portfolio | 1.1m $1.8m | Added +393.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 969.4k $1.6m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 920.1k $1.5m | Added +390.3k |
| BlackRock, Inc. 0.00% of their portfolio | 804.4k $1.3m | Reduced -2.3m |
| Squarepoint Ops LLC 0.00% of their portfolio | 769.7k $1.3m | Added +224.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 765.9k $1.2m | Reduced -45.9k |
| OneAscent Financial Services LLC 0.06% of their portfolio | 750.4k $1.2m | New |
| BCS Private Wealth Management, Inc. 0.34% of their portfolio | 699.2k $1.1m | Unchanged |
| BRIGHTON JONES LLC 0.02% of their portfolio | 584.7k $953.1k | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 552.6k $900.7k | Added +122.0k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 452.4k $737.4k | Added +313.9k |
| GSA CAPITAL PARTNERS LLP 0.04% of their portfolio | 408.0k $665.0k | Added +94.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 392.2k $639.6k | Reduced -655.7k |
| Potrero Capital Research LLC 0.31% of their portfolio | 315.2k $513.7k | Reduced -1.4m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 272.1k $443.5k | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 259.2k $422.6k | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 236.5k $385.5k | New |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 209.6k $341.6k | Reduced -47.1k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 203.5k $331.7k | Added +30.5k |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 198.2k $358.7k | Added +7.5k |
| STATE STREET CORP 0.00% of their portfolio | 188.8k $307.8k | Reduced -316.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 187.1k $298.5k | New |
| XTX Topco Ltd 0.00% of their portfolio | 177.4k $289.2k | Added +134.5k |
| Focus Partners Wealth 0.00% of their portfolio | 151.9k $247.6k | Added +6.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 142.2k $231.8k | Reduced -202.8k |
| Centiva Capital, LP 0.01% of their portfolio | 127.1k $207.2k | Reduced -20.6k |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 121.8k $198.6k | Added +72.1k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 114.2k $186.1k | New |
| Mariner, LLC 0.00% of their portfolio | 91.8k $149.7k | Added +45.5k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 85.6k $139.5k | Reduced -25.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 83.3k $135.8k | Reduced -276.9k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 80.5k $130.8k | Reduced -133.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% of their portfolio | 79.5k $129.6k | Reduced -214.4k |
| HRT FINANCIAL LP 0.00% of their portfolio | 66.9k $109.0k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 54.1k $85.0k | Reduced -24.4k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 50.3k $82.1k | Reduced -1.2k |
| Cerity Partners LLC 0.00% of their portfolio | 41.7k $67.9k | Added +20.1k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 36.7k $59.8k | Added +3.8k |
| NWAM LLC 0.00% of their portfolio | 35.9k $58.5k | Unchanged |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 32.6k $53.2k | Added +21.7k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 30.9k $53.2k | Added +18.9k |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 28.2k $45.9k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 28.0k $45.6k | Reduced -931.1k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 25.8k $42.0k | New |
| Creative Planning 0.00% of their portfolio | 23.9k $38.9k | Added +13.1k |
| MORGAN STANLEY 0.00% of their portfolio | 19.3k $31.5k | Reduced -32.4k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 17.7k $28.8k | New |
| Ruggaard & Associates LLC 0.01% of their portfolio | 17.0k $27.7k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 16.7k $27.2k | Reduced -6.4k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 16.5k $26.9k | Unchanged |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.00% of their portfolio | 16.2k $26.5k | Unchanged |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio | 15.5k $25.3k | New |
| Quadrature Capital Ltd 0.00% of their portfolio | 15.0k $24.5k | New |
| Pallas Capital Advisors LLC 0.00% of their portfolio | 14.0k $22.8k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 13.6k $22.2k | New |
| IHT Wealth Management, LLC 0.00% of their portfolio | 13.0k $21.2k | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 12.7k $20.7k | Unchanged |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.00% of their portfolio | 12.1k $19.7k | Reduced -1.0k |
| AXQ CAPITAL, LP 0.00% of their portfolio | 10.6k $17.3k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 10.2k $16.7k | Reduced -9.9k |
| Field & Main Bank 0.00% of their portfolio | 10.0k $16.3k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 9.9k $16.0k | Added +3.4k |
| Arax Advisory Partners 0.00% of their portfolio | 9.7k $15.8k | Added +9.4k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 6.2k $9.8k | Unchanged |
| FMR LLC 0.00% of their portfolio | 6.1k $9.9k | Added +2.2k |
| UBS Group AG 0.00% of their portfolio | 5.7k $9.2k | Reduced -6.9k |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 5.1k $8.4k | Added +2.6k |
| BARCLAYS PLC 0.00% of their portfolio | 3.3k $5.3k | Reduced -8.5k |
| Allworth Financial LP 0.00% of their portfolio | 2.5k $4.0k | Added +1.7k |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 2.0k $3.3k | New |
| Essential Partners LLC 0.00% of their portfolio | 1.8k $3.0k | Reduced -1.2k |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 1.6k $2.6k | Added +971 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 1.3k $2.2k | Reduced -1.9k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 1.0k $1.7k | Reduced -6.8k |
| LRI Investments, LLC 0.00% of their portfolio | 1.0k $1.6k | Unchanged |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 798 $1.3k | Added +586 |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 753 $1.2k | New |
| Fortitude Family Office, LLC 0.00% of their portfolio | 666 $1.1k | Reduced -25 |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 659 $1.1k | Added +497 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 579 $944 | Reduced -42.4k |
| True Wealth Design, LLC 0.00% of their portfolio | 552 $900 | Added +432 |
| Global Retirement Partners, LLC 0.00% of their portfolio | 450 $734 | First filing |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 291 $474 | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 209 $341 | Added +49 |
| IFP Advisors, Inc 0.00% of their portfolio | 152 $248 | Reduced -126 |
| Parallel Advisors, LLC 0.00% of their portfolio | 150 $245 | Unchanged |
| GAMMA Investing LLC 0.00% of their portfolio | 139 $227 | New |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 100 $162 | New |
| SJS Investment Consulting Inc. 0.00% of their portfolio | 77 $126 | Added +74 |
| Clearstead Advisors, LLC 0.00% of their portfolio | 68 $112 | New |
| Transamerica Financial Advisors, LLC 0.00% of their portfolio | 41 $66 | Unchanged |
| Basecamp Wealth Advisors LLC 0.00% of their portfolio | 40 $65 | Added +30 |
| Wealth Enhancement Trust Services, Inc. 0.00% of their portfolio | 37 $60 | New |
| Larson Financial Group LLC 0.00% of their portfolio | 20 $33 | Unchanged |