Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

National Beverage Corp (FIZZ)

249 + Investors. Track Smart Money conviction in FIZZ. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +11
Streak
2Q ▲
Buyers last Q
59%

Smart Money Signals — FIZZ

Based on 250 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added FIZZ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
250 hedge funds hold FIZZ right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +8% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 59% buying

152 buying105 selling
Last quarter: 152 funds bought or added vs 105 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new FIZZ position: 32 → 34 → 43 → 51. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 15% medium ■ 21% new
159 out of 250 hedge funds have held FIZZ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

25 → 32 → 34 → 43 → 51 new funds/Q
New funds entering each quarter: 32 → 34 → 43 → 51. A growing number of institutions are discovering FIZZ each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 67% veterans vs 22% newcomers

■ 67% veterans ■ 11% 1-2yr ■ 22% new
Entry-cohort mix of 251 holders: 167 (67%) are 2+ year veterans, 28 entered 1–2 years ago, and 56 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 57% AUM from top-100 funds

57% from top-100 AUM funds
48 of 249 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in FIZZ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — FIZZ

In 2026 Q2, 152 hedge funds were net buyers of FIZZ (51 opened a new position, 101 added to an existing one), while 105 reduced or exited (65 trimmed, 40 sold completely) — a 59% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 57% of total institutional value in FIZZ is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +11 funds (more new holders than closures). Total institutional holders: 250.

Hedge Fund Ownership: FIZZ

How many hedge funds hold FIZZ — quarterly history vs. share price
Quarterly hedge fund ownership of FIZZ vs. share price

Market Analysis: FIZZ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FIZZ

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy National Beverage Corp (FIZZ) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FIZZ has moved relative to its sector benchmark (XLP) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 54d ago
FIZZ
+3.7%
XLP
+3.5%

FIZZ outperformed XLP by +0.2% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 9d ago
FIZZ
+3.4%
XLP
-0.1%

Since the filing became public, FIZZ outperformed XLP by +3.5% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

12 top-rated funds 0 high-conviction
Consensus
4.8
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: FIZZ
249 + Investors

Track Smart Money conviction in FIZZ. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 249 239 4.18%
13F Shares 24M 24M 0.92%
Total Value $744M $793M -6.17%
New Positions 51 43 +8
Increased Positions 100 96 +4
Closed Positions 40 31 +9
Reduced Positions 65 64 +1
Total Calls 1 2 -50.0%
Total Puts 1 1 -
PUT/CALL Ratio 1.0 0.5 Neutral

Statistics: FIZZ

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q2)

249 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FIZZ. Verified SEC 13F-HR filings.

QUARTER:
Top 25 FIZZ holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Denali Advisors LLC 0.70% 223,100 $7.0M
2 Landscape Capital Management, L.L.C. 0.23% 115,280 $3.6M
3 Kayne Anderson Rudnick Investment Management LLC 0.20% 2,036,990 $63.6M
4 Renaissance Technologies LLC 0.12% 2,838,997 $88.6M
5 Algert Global LLC 0.10% 273,849 $8.5M
6 Numerai GP LLC 0.10% 37,724 $1.2M
7 Occudo Quantitative Strategies LP 0.08% 46,143 $1.4M
8 Abel Hall, LLC 0.07% 13,077 $408K
9 Advisors Preferred, LLC 0.06% 11,309 $377K
10 Martingale Asset Management L P 0.03% 44,026 $1.4M
11 Gamco Investors, INC. Et Al 0.03% 106,100 $3.3M
12 Susquehanna Portfolio Strategies, LLC 0.03% 57,168 $1.8M
13 Pekin Hardy Strauss, Inc. 0.03% 9,850 $307K
14 Linden Thomas Advisory Services, LLC 0.02% 8,876 $277K
15 Headlands Technologies LLC 0.02% 6,625 $207K
16 Inspire Advisors, LLC 0.02% 9,856 $308K
17 Jump Financial, LLC 0.02% 33,740 $1.4M
18 Wesbanco Bank Inc 0.02% 23,000 $718K
19 Engineers Gate Manager LP 0.02% 43,040 $1.3M
20 PDT Partners, LLC 0.02% 9,700 $303K
21 WINTON GROUP Ltd 0.02% 15,711 $490K
22 Two Sigma Investments, LP 0.01% 663,792 $20.7M
23 GAMMA Investing LLC 0.01% 11,843 $370K
24 Y-Intercept (Hong Kong) Ltd 0.01% 21,330 $665K
25 J.W. Cole Advisors, INC. 0.01% 22,513 $702K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — National Beverage Corp (FIZZ)

What does the Smart Money Trend signal show for FIZZ?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added FIZZ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for FIZZ?

Slight buying edge — 59% buying: Last quarter: 152 funds bought or added vs 105 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FIZZ holders?

Elite ownership — 57% AUM from top-100 funds: 48 of 249 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in FIZZ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held FIZZ?

64% of holders stayed for 2+ years: 159 out of 250 hedge funds have held FIZZ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy National Beverage Corp (FIZZ) following the 2026 Q2 hedge fund 13F filings?

As of today, FIZZ has moved +3.4% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.1% for the XLP sector ETF — an outperformance of +3.5%. Since the quarter end (June 30, 2026), FIZZ has gained +3.7% vs +3.5% for XLP. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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