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 ($359 this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1.17. Options: 5 managers hold calls ($80.0k notional), 1 hold puts ($117).
Trends to Q1 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 |
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 | 29 | 31 |
| 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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $297.4k | $260.8k | 0.88 |
| Q3 2025 | $249.8k | $140.9k | 0.56 |
| Q4 2025 | $189.8k | $122.0k | 0.64 |
| Q1 2026 | $80.0k | $117 | 0.00 |
Biggest buyers
| Potrero Capital Research LLC | New | +1.7m |
| Topline Capital Management, LLC | Added | +1.6m |
| Kanen Wealth Management LLC | New | +1.2m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +959.0k |
| Stoic Point Capital Management LLC | New | +741.2k |
| BCS Private Wealth Management, Inc. | New | +699.2k |
| AQR CAPITAL MANAGEMENT LLC | Added | +417.8k |
| Squarepoint Ops LLC | Added | +333.9k |
| GSA CAPITAL PARTNERS LLP | Added | +275.9k |
| ArrowMark Colorado Holdings LLC | Added | +250.0k |
Biggest sellers
| Caisse de depot et placement du Quebec | Reduced | -3.5m |
| Divisadero Street Capital Management, LP | Reduced | -2.6m |
| EMERALD MUTUAL FUND ADVISERS TRUST | Sold out | -800.1k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -543.4k |
| Point72 Asset Management, L.P. | Sold out | -366.2k |
| TWO SIGMA ADVISERS, LP | Sold out | -357.2k |
| JANE STREET GROUP, LLC | Sold out | -345.5k |
| CITADEL ADVISORS LLC | Reduced | -262.6k |
| Qube Research & Technologies Ltd | Reduced | -258.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -233.6k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $28.7k24.5k shares |
| JANE STREET GROUP, LLC | New | $21.9k18.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $20.4k17.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $7.5k6.4k shares |
| GROUP ONE TRADING LLC | Added | $1.6k1.4k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Unchanged | $117100 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 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 | $49.0k | 0 | — | — |
| Q3 2024 | 4 | $50.4k | 0 | — | — |
| 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 | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-30 | Taylor Amy President & CEO, director | Sold | $12.5k10.8k shares |
| 2026-03-27 | Taylor Amy President & CEO, director | Sold | $75.8k66.5k shares |
| 2026-03-26 | Taylor Amy President & CEO, director | Sold | $78.1k66.7k shares |
| 2026-03-25 | Satya Girish Chief Financial Officer | Sold | $49.2k41.7k shares |
| 2026-03-03 | Spence Padraic L. Director | Sold | $57.6k40.0k shares |
| 2026-01-27 | CAISSE DE DEPOT ET PLACEMENT DU QUEBEC +1 10% owner | Sold | $7.0m3.5m 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Caisse de depot et placement du Quebec 0.03% of their portfolio | 13.6m $15.9m | Reduced -3.5m |
| Topline Capital Management, LLC 1.30% of their portfolio | 6.7m $7.9m | Added +1.6m |
| BlackRock, Inc. 0.00% of their portfolio | 3.1m $3.6m | Reduced -54.5k |
| Jefferies Financial Group Inc. 0.03% of their portfolio | 2.1m $2.5m | Unchanged |
| Potrero Capital Research LLC 1.25% of their portfolio | 1.7m $2.0m | New |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.7m $2.0m | First filing |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.01% of their portfolio | 1.5m $1.8m | Reduced -170.7k |
| Kanen Wealth Management LLC 0.53% of their portfolio | 1.2m $1.5m | New |
| ArrowMark Colorado Holdings LLC 0.03% of their portfolio | 1.1m $1.2m | Added +250.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.0m $1.2m | Added +24.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 959.0k $1.1m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 811.8k $949.8k | Added +203.0k |
| Stoic Point Capital Management LLC 0.85% of their portfolio | 741.2k $867.2k | New |
| BCS Private Wealth Management, Inc. 0.25% of their portfolio | 699.2k $818.1k | New |
| Divisadero Street Capital Management, LP 0.03% of their portfolio | 577.5k $675.7k | Reduced -2.6m |
| Squarepoint Ops LLC 0.00% of their portfolio | 545.3k $638.0k | Added +333.9k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 529.8k $619.9k | Added +417.8k |
| STATE STREET CORP 0.00% of their portfolio | 505.7k $591.7k | Added +13.1k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 430.6k $503.8k | Added +86.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 394.6k $461.7k | First filing |
| NORTHERN TRUST CORP 0.00% of their portfolio | 360.2k $421.4k | Added +9.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 345.0k $403.6k | Reduced -6.5k |
| GSA CAPITAL PARTNERS LLP 0.02% of their portfolio | 313.1k $366.0k | Added +275.9k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% of their portfolio | 293.9k $343.9k | Reduced -233.6k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 256.6k $300.3k | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 214.3k $250.9k | Reduced -221.4k |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 190.6k $220.9k | Added +59.6k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 173.0k $202.4k | Reduced -258.5k |
| Castle Hook Partners LP 0.00% of their portfolio | 171.8k $201.0k | New |
| STRS OHIO 0.00% of their portfolio | 150.5k $176.1k | Unchanged |
| Centiva Capital, LP 0.01% of their portfolio | 147.7k $172.9k | Reduced -6.3k |
| Focus Partners Wealth 0.00% of their portfolio | 145.3k $170.0k | Added +2.3k |
| Nuveen, LLC 0.00% of their portfolio | 139.8k $163.5k | Reduced -13.7k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 138.5k $162.0k | Reduced -543.4k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 124.2k $145.3k | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 112.4k $131.5k | Added +12.8k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 110.6k $129.4k | Reduced -81.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 110.5k $129.2k | Reduced -47.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 78.5k $94.3k | Added +1.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 78.1k $181.3k | Added +13.7k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 76.6k $89.6k | Added +48.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 73.8k $86.3k | New |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 55.0k $64.0k | Added +44.6k |
| MORGAN STANLEY 0.00% of their portfolio | 51.7k $60.5k | Reduced -64.0k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 51.6k $60.3k | Added +1.2k |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 49.7k $58.2k | New |
| Mariner, LLC 0.00% of their portfolio | 46.3k $54.2k | Added +25.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 45.6k $53.4k | Added +4.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 43.9k $51.4k | Reduced -48.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 43.0k $50.3k | Reduced -245 |
| XTX Topco Ltd 0.00% of their portfolio | 42.9k $50.2k | Added +31.2k |
| NWAM LLC 0.00% of their portfolio | 35.9k $42.0k | Reduced -775 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 32.9k $38.5k | Reduced -262.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 29.2k $35.0k | Added +9.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 28.5k $33.3k | Unchanged |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 26.4k $30.9k | Added +643 |
| NINE MASTS CAPITAL Ltd 0.00% of their portfolio | 26.3k $30.8k | New |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 23.6k $27.6k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 23.1k $27.0k | Added +18.6k |
| Cerity Partners LLC 0.00% of their portfolio | 21.6k $25.3k | New |
| CWM, LLC 0.00% of their portfolio | 20.9k $24.5k | Added +20.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 20.2k $23.6k | Reduced -40.6k |
| Virtu Financial LLC 0.00% of their portfolio | 20.0k $23.0k | Reduced -8.4k |
| R Squared Ltd 0.01% of their portfolio | 19.6k $22.9k | Reduced -24.4k |
| Invesco Ltd. 0.00% of their portfolio | 19.4k $22.6k | Reduced -5.9k |
| Dynamic Technology Lab Private Ltd 0.00% of their portfolio | 16.9k $19.8k | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 16.9k $20.0k | Added +3.7k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 16.5k $19.3k | First filing |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.00% of their portfolio | 16.2k $19.0k | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 16.1k $18.8k | Reduced -407 |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 13.9k $16.3k | Reduced -402 |
| Catalina Capital Group, LLC 0.01% of their portfolio | 13.6k $15.9k | Added +3.6k |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.00% of their portfolio | 13.1k $15.3k | Added +1.4k |
| DKM Wealth Management, Inc. 0.01% of their portfolio | 13.0k $15.2k | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 12.7k $14.8k | Added +691 |
| UBS Group AG 0.00% of their portfolio | 12.6k $14.7k | Reduced -124.8k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 12.0k $14.5k | New |
| BARCLAYS PLC 0.00% of their portfolio | 11.8k $13.8k | Reduced -75.0k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 11.3k $13.2k | Reduced -3.2k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 11.0k $12.8k | New |
| Creative Planning 0.00% of their portfolio | 10.8k $12.6k | New |
| Modera Wealth Management, LLC 0.00% of their portfolio | 10.0k $11.7k | Unchanged |
| Field & Main Bank 0.00% of their portfolio | 10.0k $11.7k | Unchanged |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 7.9k $9.3k | Unchanged |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 7.8k $9.1k | Added +344 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 6.6k $8.0k | Added +3.9k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 6.2k $7.1k | New |
| Legal & General Group Plc 0.00% of their portfolio | 5.0k $6.0k | Reduced -1.0k |
| FMR LLC 0.00% of their portfolio | 3.9k $4.5k | Reduced -2.3k |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 3.2k $3.8k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 3.2k $3.8k | Reduced -49.2k |
| Essential Partners LLC 0.00% of their portfolio | 3.1k $3.6k | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 3.0k $3.5k | Reduced -410 |
| CITIGROUP INC 0.00% of their portfolio | 2.9k $3.4k | Added +1.7k |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 2.5k $3.0k | Added +2.2k |
| Advisory Services Network, LLC 0.00% of their portfolio | 1.5k $1.8k | New |
| Rossby Financial, LCC 0.00% of their portfolio | 1.5k $1.8k | New |
| LRI Investments, LLC 0.00% of their portfolio | 1.0k $1.2k | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 748 $876 | Added +745 |
| Fortitude Family Office, LLC 0.00% of their portfolio | 691 $808 | Reduced -276 |