undamentalytics Newsletter

Keurig Dr Pepper: which funds bought and sold

Institutions that bought and sold Keurig Dr Pepper 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, 450 institutions that filed 13F reports for both quarters added to or opened positions in Keurig Dr Pepper, and 364 cut or closed them. Together they added a net 121.4M shares, +9.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 89.9M shares (+16.7%); index fund managers were net buyers of 23.9M shares (+5.9%). 110 opened a new position and 78 sold out entirely.

Bought, Q2 2026 450 institutions, 110 of them new holders Sold, Q2 2026 364 institutions, 78 of them sold out
Net change, all compared +121.4M shares (+9.3%)
Net change, active managers +89.9M shares (+16.7%), 45 bought, 28 sold

Buyers versus sellers

institutions compared, 912
Active managers and hedge funds 45 bought · 28 sold · +89.9M
Index fund managers 7 bought · 5 sold · +23.9M
Other institutions 398 bought · 331 sold · +7.6M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
FMR LLC Active manager +26.8M +18.4% 172.4M $5.6B
Capital World Investors Active manager +19.7M +19.9% 118.7M $3.9B
Blackrock, Inc. Index funds +18.0M +14.4% 143.5M $4.7B
Citadel Advisors LLC Hedge fund +14.9M +827.4% 16.7M $545M
Point72 Asset Management, L.P. Hedge fund +13.0M +1319.3% 13.9M $457M
UBS Group AG +6.6M +103.1% 13.0M $426M
Geode Capital Management, LLC Index funds +5.6M +17.0% 38.6M $1.3B
Ilex Capital Partners (UK) LLP +5.0M New position 5.0M $163M
Freestone Grove Partners LP Hedge fund +3.7M New position 3.7M $123M
Millennium Management LLC Hedge fund +3.7M +966.4% 4.1M $134M
Marshall Wace, LLP Hedge fund +3.5M +377.0% 4.4M $145M
Balyasny Asset Management L.P. Hedge fund +3.0M +11422.8% 3.0M $97.6M
Capital International Investors Active manager +2.7M +13.5% 22.7M $744M
Citigroup Inc +2.6M +102.5% 5.2M $169M
Price T Rowe Associates Inc Active manager +2.6M +18.0% 16.7M $547M
Toronto Dominion Bank +2.4M +594.5% 2.8M $91.4M
Adage Capital Partners Gp, L.L.C. Hedge fund +1.8M +144.2% 3.0M $97.3M
Amundi +1.7M +30.1% 7.4M $242M
Barrow Hanley Mewhinney & Strauss LLC Active manager +1.6M +7.2% 23.4M $767M
Pfa Pension, Forsikringsaktieselskab +1.4M New position 1.4M $44.5M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Morgan Stanley −9.4M −35.5% 17.2M $562M
Wellington Management Group LLP Active manager −5.8M −9.4% 55.9M $1.8B
AQR Capital Management LLC Hedge fund −3.4M −71.5% 1.4M $44.3M
Retirement Systems Of Alabama −2.1M −88.0% 286K $9.4M
Canada Pension Plan Investment Board −1.9M −50.6% 1.9M $61.9M
Jpmorgan Chase & Co −1.9M −5.7% 31.4M $1.1B
California Public Employees Retirement System −1.3M −43.4% 1.7M $54.8M
State Street Corp Index funds −994K −1.5% 64.1M $2.1B
National Bank Of Canada −827K −59.7% 559K $18.3M
Deutsche Bank Ag\ −787K −12.4% 5.5M $182M
River Road Asset Management, LLC Active manager −741K −27.1% 2.0M $65.2M
Quantinno Capital Management LP −706K −45.6% 842K $27.6M
Susquehanna International Group, LLP −667K −76.1% 210K $6.9M
Nordea Investment Management AB −640K −84.2% 120K $4M
New York State Common Retirement Fund −615K −43.5% 800K $26.2M
Capital Research Global Investors Active manager −538K Sold out 0 —
Jefferies Financial Group Inc. −527K −96.3% 20K $654,600
Legal & General Group PLC −506K −5.8% 8.2M $269M
Barclays PLC −493K −12.9% 3.3M $109M
Man Group PLC Hedge fund −487K −96.8% 16K $519,491

New positions

largest by value
InstitutionSharesValue June 30, 2026
Ilex Capital Partners (UK) LLP 5.0M $163M
Freestone Grove Partners LPHedge fund 3.7M $123M
Pfa Pension, Forsikringsaktieselskab 1.4M $44.5M
Susquehanna Portfolio Strategies, LLC 1.2M $40.8M
Woodley Farra Manion Portfolio Management Inc 1.1M $37.6M
Night Squared LP 911K $29.8M
Clough Capital Partners L PHedge fund 670K $21.9M
Castleknight Management LPHedge fund 441K $14.4M
Scopus Asset Management, L.P.Hedge fund 400K $13.1M
Moore Capital Management, LPHedge fund 323K $10.6M

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Capital Research Global InvestorsActive manager 538K $14.2M
Mariner, LLC 283K $7.5M
Holocene Advisors, LPHedge fund 252K $6.6M
Ieq Capital, LLC 219K $5.8M
Elo Mutual Pension Insurance Co 195K $5.1M
Arrowstreet Capital, Limited PartnershipHedge fund 179K $4.7M
Farringdon Capital, Ltd. 80K $2.1M
Westchester Capital Management, LLCHedge fund 75K $2M
Landscape Capital Management, L.L.C. 55K $1.5M
Arq Wealth Advisors, LLC 54K $1.4M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
847
Ten largest holders
60.9%
of 13F-reported shares
Index fund managers
29.6%
of 13F-reported shares
Active managers and hedge funds
43.3%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 45 28 8 7 +89.9M +16.7%
Index fund managers 7 5 0 0 +23.9M +5.9%
Other institutions 398 331 102 71 +7.6M +2.1%

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.

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