Cadiz Inc: which funds bought and sold

Institutions that bought and sold Cadiz shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 54 institutions that filed 13F reports for both quarters added to or opened positions in Cadiz, and 72 cut or closed them. Together they added a net 1.6M shares, +4.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 691K shares (+12.6%); index fund managers were net buyers of 2.1M shares (+20.1%). 12 opened a new position and 33 sold out entirely.

Bought, Q2 2026 54 institutions, 12 of them new holders Sold, Q2 2026 72 institutions, 33 of them sold out

Net change, all compared +1.6M shares (+4.3%)

Net change, active managers +691K shares (+12.6%), 7 bought, 10 sold

Buyers versus sellers

institutions compared, 148

54 bought 22 72 sold

Active managers and hedge funds 7 bought · 10 sold · +691K

Index fund managers 8 bought · 1 sold · +2.1M

Other institutions 39 bought · 61 sold · −1.1M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	+1.3M +34.1%	5.1M	$21.5M
Levin Capital Strategies, L.P. Active manager	+680K +17.8%	4.5M	$18.8M
Invesco Ltd.	+487K +2139.2%	510K	$2.1M
Vanguard Portfolio Management LLC Index funds	+435K +131.7%	765K	$3.2M
Cinctive Capital Management LP Hedge fund	+256K +94.9%	526K	$2.2M
Citigroup Inc	+208K +90.8%	438K	$1.8M
Stonehill Capital Management LLC	+181K +9.3%	2.1M	$8.9M
Gsa Capital Partners LLP	+133K +88.4%	283K	$1.2M
Vanguard Capital Management LLC Index funds	+117K +5.0%	2.5M	$10.3M
UBS Group AG	+101K +67.5%	250K	$1M
Geode Capital Management, LLC Index funds	+90K +6.4%	1.5M	$6.2M
Squarepoint Ops LLC Hedge fund	+84K +193.6%	128K	$533,276
Alliancebernstein L.P. Active manager	+80K +112.9%	151K	$741,209
Brc Group Holdings, Inc.	+75K New position	75K	$314,486
State Street Corp Index funds	+72K +5.4%	1.4M	$5.9M
Permanent Capital Management, LP	+64K +13.4%	538K	$2.2M
Nomura Holdings Inc	+54K +29.6%	236K	$985,799
Flax Pond Capital, LLC	+52K +96.3%	106K	$480,819
Susquehanna International Group, LLP	+51K +265.8%	70K	$293,311
BNP Paribas Financial Markets	+45K +66.3%	113K	$470,342

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Levin Capital Strategies, L.P. Active manager	+680K +17.8%	4.5M	$18.8M
Cinctive Capital Management LP Hedge fund	+256K +94.9%	526K	$2.2M
Squarepoint Ops LLC Hedge fund	+84K +193.6%	128K	$533,276
Alliancebernstein L.P. Active manager	+80K +112.9%	151K	$741,209
Balyasny Asset Management L.P. Hedge fund	+25K New position	25K	$104,542
Los Angeles Capital Management LLC Active manager	+3,540 +3.3%	111K	$464,503
Price T Rowe Associates Inc Active manager	+2,660 +3.1%	89K	$372,000

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Gratia Capital, LLC	−506K Sold out	0	—
Jane Street Group, LLC	−395K −87.6%	56K	$233,449
Barclays PLC	−252K −6.8%	3.5M	$14.5M
Raymond James Financial Inc	−234K Sold out	0	—
SG Americas Securities, LLC	−218K Sold out	0	—
Massar Capital Management, LP	−171K −75.8%	55K	$228,650
Matauro, LLC	−143K Sold out	0	—
HSBC Holdings PLC	−126K Sold out	0	—
GAM Holding AG	−120K Sold out	0	—
Brevan Howard Capital Management LP Hedge fund	−114K −86.3%	18K	$75,842
Exoduspoint Capital Management, LP Hedge fund	−80K −56.9%	61K	$253,053
Goldman Sachs Group Inc	−80K −25.3%	235K	$984,177
AQR Capital Management LLC Hedge fund	−77K −24.0%	245K	$1M
Millennium Management LLC Hedge fund	−76K −48.9%	80K	$332,327
Simplex Trading, LLC	−53K Sold out	0	—
Hcr Wealth Advisors	−50K −36.2%	88K	$367,840
Schonfeld Strategic Advisors LLC Hedge fund	−42K Sold out	0	—
Rathbones Group PLC	−35K −50.0%	35K	$145,706
Ieq Capital, LLC	−34K Sold out	0	—
Morgan Stanley	−32K −3.1%	1.0M	$4.2M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Brevan Howard Capital Management LP Hedge fund	−114K −86.3%	18K	$75,842
Exoduspoint Capital Management, LP Hedge fund	−80K −56.9%	61K	$253,053
AQR Capital Management LLC Hedge fund	−77K −24.0%	245K	$1M
Millennium Management LLC Hedge fund	−76K −48.9%	80K	$332,327
Schonfeld Strategic Advisors LLC Hedge fund	−42K Sold out	0	—
Soros Fund Management LLC Hedge fund	−29K Sold out	0	—
Citadel Advisors LLC Hedge fund	−20K −13.5%	125K	$522,939
FMR LLC Active manager	−1,986 −20.4%	7,755	$32,416
Franklin Resources Inc Active manager	−138 −0.7%	19K	$79,228
Intech Investment Management LLC Active manager	−132 −0.8%	17K	$70,216

New positions

largest by value

Institution	Shares	Value June 30, 2026
Brc Group Holdings, Inc.	75K	$314,486
Sei Investments Co	27K	$114,766
Saxon Interests, Inc.	26K	$108,822
Balyasny Asset Management L.P.Hedge fund	25K	$104,542
Entrypoint Capital, LLC	14K	$58,441
Xtx Topco Ltd	13K	$55,243
Corient Private Wealth LP	10K	$42,690
Integrated Wealth Concepts LLC	891	$3,724
Sbi Securities Co., Ltd.	250	$1,045
Fortitude Family Office, LLC	89	$372

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Gratia Capital, LLC	506K	$2.5M
Raymond James Financial Inc	234K	$1.1M
SG Americas Securities, LLC	218K	$1.1M
Matauro, LLC	143K	$702,562
HSBC Holdings PLC	126K	$617,470
GAM Holding AG	120K	$589,200
Simplex Trading, LLC	53K	$261,275
Schonfeld Strategic Advisors LLCHedge fund	42K	$208,133
Ieq Capital, LLC	34K	$167,514
Soros Fund Management LLCHedge fund	29K	$143,401

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 116
Ten largest holders: 74.0%
Index fund managers: 31.5%
Active managers and hedge funds: 15.7%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	7	10	1	2	+691K	+12.6%
Index fund managers	8	1	0	0	+2.1M	+20.1%
Other institutions	39	61	11	31	−1.1M	−5.2%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Cadiz.

Only managers that filed a holdings report for both quarters are compared (148 here). 5 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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