LWAYNasdaqDairy ProductsFiscal year ends December 31
Lifeway Foods, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$22.16+0.07 (+0.32%)
Close on Oct 19, 2026
- Market cap
- $338.80M
- P/E (TTM)
- 31.7
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
54.6%
8M of 15M shares
Institutional holders
97
31 new, 13 sold out
Net institutional buying
3M
In Q2 2026
Insider trades, 12 months
12 buys · 40 sales
Net sold $83.16M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Kenneth Griffin | 884,776 | 5.80% | 13G (passive) | May 19, 2026 |
| Danone North America PBC | 3,454,756 | 22.70% | 13D (active) amendment | Sep 17, 2025 |
| Danone S.A. | 3,454,756 | 22.70% | 13D (active) amendment | Sep 30, 2025 |
| Edward Smolyansky | 2,960,975 | 19.70% | 13D (active) amendment | May 18, 2026 |
| Julie Smolyansky | 2,642,785 | 17.50% | 13D (active) amendment | Dec 19, 2024 |
| William Zolezzi | 2,101,540 | 13.80% | 13G (passive) amendment | May 14, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of LWAY | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Divisadero Street Capital Management, LP | 2,101,540 | 13.91% | $62.71M | +692,772 | 1.42% |
| Citadel Advisors LLC | 930,109 | 6.16% | $27.75M | +858,228 | 0.00% |
| Wellington Management Group Llp | 585,100 | 3.87% | $17.46M | New | 0.00% |
| Renaissance Technologies LLC | 377,171 | 2.50% | $11.25M | +8,500 | 0.02% |
| Vanguard Capital Management LLC | 366,771 | 2.43% | $10.94M | +104,710 | 0.00% |
| BlackRock, Inc. | 322,184 | 2.13% | $9.61M | +44,434 | 0.00% |
| Pillsbury Lake Capital LLC | 291,709 | 1.93% | $8.70M | New | 2.38% |
| Dimensional Fund Advisors LP | 258,374 | 1.71% | $7.71M | +22,664 | 0.00% |
| Two Sigma Investments, LP | 228,136 | 1.51% | $6.81M | +108,507 | 0.00% |
| AWM Investment Company, Inc. | 223,000 | 1.48% | $6.65M | New | 0.58% |
| Gamco Investors, Inc. Et Al | 214,150 | 1.42% | $6.39M | −500 | 0.06% |
| Tudor Investment Corp Et Al | 209,953 | 1.39% | $6.26M | −56,445 | 0.01% |
| First Sabrepoint Capital Management LP | 170,000 | 1.13% | $5.07M | New | 1.67% |
| Geode Capital Management, LLC | 158,235 | 1.05% | $4.72M | +22,087 | 0.00% |
| Hbk Investments L P | 150,000 | 0.99% | $4.48M | New | 0.04% |
| Squarepoint Ops LLC | 124,294 | 0.82% | $3.71M | +77,774 | 0.00% |
| Marshall Wace, Llp | 118,944 | 0.79% | $3.55M | −13,313 | 0.00% |
| Vanguard Portfolio Management LLC | 104,564 | 0.69% | $3.12M | +66,865 | 0.00% |
| State Street Corp | 99,833 | 0.66% | $2.98M | +7,537 | 0.00% |
| Jane Street Group, LLC | 98,504 | 0.65% | $2.94M | +75,997 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 97 | 8M | 54.6% | 31 / 37 | 13 / 13 | 4M | 1M |
| Q1 2026 | 80 | 5M | 32.9% | 12 / 27 | 25 / 20 | 1M | 0M |
| Q4 2025 | 89 | 5M | 32.5% | 16 / 30 | 30 / 25 | 2M | 1M |
| Q3 2025 | 98 | 4M | 24.8% | 27 / 25 | 28 / 12 | 1M | 1M |
| Q2 2025 | 83 | 3M | 21.8% | 10 / 39 | 16 / 8 | 0M | 0M |
| Q1 2025 | 81 | 3M | 22.2% | 13 / 19 | 31 / 15 | 1M | 1M |
| Q4 2024 | 84 | 3M | 22.2% | 17 / 25 | 26 / 22 | 1M | 1M |
| Q3 2024 | 89 | 3M | 22.3% | 36 / 21 | 22 / 8 | 1M | 1M |
| Q2 2024 | 62 | 3M | 19.0% | 23 / 24 | 10 / 13 | 1M | 1M |
| Q1 2024 | 52 | 3M | 17.4% | 7 / 17 | 18 / 5 | 1M | 0M |
| Q4 2023 | 50 | 2M | 14.9% | 12 / 23 | 7 / 2 | 1M | 0M |
| Q3 2023 | 40 | 2M | 12.0% | 20 / 8 | 6 / 2 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of LWAY | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 285,774 | 1.89% | $8.53M | 0.00% | Jun 30, 2026 |
| 1290 VT GAMCO Small Company Value Portfolio | 172,000 | 1.14% | $5.13M | 0.11% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 140,685 | 0.93% | $4.20M | 0.01% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 70,810 | 0.47% | $2.11M | 0.00% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 61,911 | 0.41% | $1.84M | 0.01% | Jul 31, 2026 |
| Small Cap Growth Stock Portfolio | 60,226 | 0.40% | $1.80M | 0.20% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 52,539 | 0.35% | $1.57M | 0.01% | Jun 30, 2026 |
| Hartford Small Cap Growth Hls Fund | 44,175 | 0.29% | $1.32M | 0.20% | Jun 30, 2026 |
| U.S. Micro Cap Portfolio | 43,788 | 0.29% | $1.30M | 0.02% | Jul 31, 2026 |
| Dimensional U.S. Small Cap ETF | 41,427 | 0.27% | $1.23M | 0.01% | Jul 31, 2026 |
| U.S. Small Cap Portfolio | 37,716 | 0.25% | $1.12M | 0.01% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 31,447 | 0.21% | $749.38K | 0.00% | May 31, 2026 |
| Inspire Small/Mid Cap ETF | 28,671 | 0.19% | $683.23K | 0.22% | May 31, 2026 |
| Vanguard Russell 2000 Index Fund | 26,537 | 0.18% | $632.38K | 0.00% | May 31, 2026 |
| U.S. Core Equity 2 Portfolio | 25,136 | 0.17% | $748.55K | 0.00% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Julie Smolyansky | CEO, President and Secretary, Director, 10% owner | 2,714,095 | 17.97% | Aug 19, 2026 |
| Eric A. Hanson | CFO | 58,890 | 0.39% | Jun 18, 2026 |
| Amy M. Feldman | Sr. Exec VP of Sales | 19,913 | 0.13% | Jan 14, 2025 |
| Juan Carlos Dalto | Director | 4,751 | 0.03% | Sep 2, 2026 |
| Dorri McWhorter | Director | 28,842 | 0.19% | Sep 2, 2026 |
| Jason Scott Scher | Director | 1 | 0.00% | Sep 2, 2026 |
| Kirk Chartier | Director | – | – | Jul 2, 2026 |
| Susan Hultquist | Director | – | – | Jul 2, 2026 |
| Andee Harris | Director | – | – | Jul 2, 2026 |
| Rachel Drori | Director | – | – | Jul 2, 2026 |
| Pol Sikar | Director | 22,214 | 0.15% | Jul 1, 2025 |
| Jody Levy | Director | 26,847 | 0.18% | Jul 1, 2025 |
| Perfecto Sanchez | Director | 6,107 | 0.04% | Jul 1, 2025 |
| Divisadero Street Partners, L.P. | 10% owner | – | – | Aug 17, 2026 |
| Divisadero Street Capital Management, LP | 10% owner | 2,348,108 | 15.54% | Aug 17, 2026 |
| Divisadero Street Capital, LLC | 10% owner | 2,101,540 | 13.91% | Aug 17, 2026 |
| William Zolezzi | 10% owner | – | – | Aug 17, 2026 |
| Divisadero Street Partners GP, LLC | 10% owner | 1,936,495 | 12.82% | Aug 17, 2026 |
| Edward Smolyansky | 10% owner | 2,442,504 | 16.17% | Aug 14, 2026 |
| Ludmila Smolyansky | – | 1,874,741 | 12.41% | Jul 23, 2026 |
| S.A. Danone | 10% owner | 0 | – | May 20, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Dorri McWhorter Director | Aug 31, 2026 | Option exercise | +1,550 | – | – | 28,842 |
| Julie Smolyansky CEO, President and Secretary, Director, 10% owner | Aug 19, 2026 | Buy | +2,000 | $25.26 | $50.52K | 2,214,095 |
| Divisadero Street Capital Management, LP 10% owner | Aug 17, 2026 | Buy | +35,952 | $24.78 | $890.89K | 2,348,108 |
| Divisadero Street Capital Management, LP 10% owner | Aug 14, 2026 | Buy | +15,000 | $24.69 | $370.35K | 2,312,156 |
| Edward Smolyansky 10% owner | Aug 14, 2026 | Sale | −29,931 | $24.89 | $744.98K | 939,862 |
| Edward Smolyansky 10% owner | Aug 14, 2026 | Sale | −45,038 | $25.82 | $1.16M | 894,824 |
| Edward Smolyansky 10% owner | Aug 14, 2026 | Sale | −31 | $26.50 | $822 | 894,793 |
| Divisadero Street Capital Management, LP 10% owner | Aug 13, 2026 | Buy | +195,616 | $24.87 | $4.86M | 2,297,156 |
| Edward Smolyansky 10% owner | Aug 12, 2026 | Sale | −35,000 | $28.74 | $1.01M | 969,793 |
| Ludmila Smolyansky – | Jul 22, 2026 | Sale | −60,000 | $30.55 | $1.83M | 547,207 |
| Ludmila Smolyansky – | Jul 22, 2026 | Sale | −40,000 | $29.46 | $1.18M | 507,207 |
| Edward Smolyansky 10% owner | Jul 15, 2026 | Sale | −24,653 | $31.51 | $776.82K | 1,047,056 |
| Edward Smolyansky 10% owner | Jul 15, 2026 | Sale | −42,263 | $32.32 | $1.37M | 1,004,793 |
| Edward Smolyansky 10% owner | Jul 7, 2026 | Sale | −39,098 | $29.41 | $1.15M | 1,071,709 |
| Edward Smolyansky 10% owner | Jul 6, 2026 | Sale | −7,984 | $29.79 | $237.84K | 1,110,807 |
| Dorri McWhorter Director | Jul 1, 2026 | Option exercise | +1,356 | – | – | 27,292 |
| Edward Smolyansky 10% owner | Jun 30, 2026 | Sale | −50,000 | $29.56 | $1.48M | 852,642 |
| Edward Smolyansky 10% owner | Jun 30, 2026 | Sale | −50,000 | $29.56 | $1.48M | 852,642 |
| Edward Smolyansky 10% owner | Jun 29, 2026 | Sale | +14,542 | $30.12 | $438.01K | 1,168,791 |
| Edward Smolyansky 10% owner | Jun 29, 2026 | Sale | −14,542 | $30.12 | $438.01K | 1,168,791 |
| Edward Smolyansky 10% owner | Jun 26, 2026 | Sale | −55,754 | $28.64 | $1.60M | 958,436 |
| Edward Smolyansky 10% owner | Jun 26, 2026 | Sale | −55,794 | $29.87 | $1.67M | 902,642 |
| Edward Smolyansky 10% owner | Jun 26, 2026 | Sale | −55,754 | $28.64 | $1.60M | 958,436 |
| Edward Smolyansky 10% owner | Jun 26, 2026 | Sale | −55,794 | $29.87 | $1.67M | 902,642 |
| Ludmila Smolyansky – | Jun 25, 2026 | Sale | −45,616 | $29.65 | $1.35M | 607,207 |
| Ludmila Smolyansky – | Jun 24, 2026 | Sale | −40,000 | $30.12 | $1.20M | 652,823 |
| Edward Smolyansky 10% owner | Jun 24, 2026 | Sale | −36,659 | $29.82 | $1.09M | 1,015,983 |
| Edward Smolyansky 10% owner | Jun 24, 2026 | Sale | −1,793 | $30.52 | $54.72K | 1,014,190 |
| Edward Smolyansky 10% owner | Jun 22, 2026 | Sale | −50,000 | $26.20 | $1.31M | 1,183,333 |
| Julie Smolyansky CEO, President and Secretary, Director, 10% owner | Jun 17, 2026 | Option exercise | +6,070 | – | – | 2,212,710 |
| Julie Smolyansky CEO, President and Secretary, Director, 10% owner | Jun 17, 2026 | Option exercise | +3,397 | – | – | 2,216,107 |
| Julie Smolyansky CEO, President and Secretary, Director, 10% owner | Jun 17, 2026 | Option exercise | +340 | – | – | 5,948 |
| Julie Smolyansky CEO, President and Secretary, Director, 10% owner | Jun 17, 2026 | Tax withholding | −239 | $25.00 | $5.98K | 5,709 |
| Julie Smolyansky CEO, President and Secretary, Director, 10% owner | Jun 17, 2026 | Tax withholding | −4,012 | $25.00 | $100.30K | 2,212,095 |
| Julie Smolyansky CEO, President and Secretary, Director, 10% owner | Jun 17, 2026 | Option exercise | +486 | – | – | 5,608 |
| Julie Smolyansky CEO, President and Secretary, Director, 10% owner | Jun 16, 2026 | Tax withholding | −53,215 | $24.79 | $1.32M | 2,206,640 |
| Julie Smolyansky CEO, President and Secretary, Director, 10% owner | Jun 16, 2026 | Option exercise | +108,426 | – | – | 2,259,855 |
| Julie Smolyansky CEO, President and Secretary, Director, 10% owner | Jun 16, 2026 | Option exercise | +12,111 | – | – | 2,151,429 |
| Eric A. Hanson CFO | Jun 16, 2026 | Tax withholding | −994 | $24.79 | $24.64K | 58,890 |
| Eric A. Hanson CFO | Jun 16, 2026 | Award | +2,390 | – | – | 59,884 |
| Ludmila Smolyansky – | Jun 10, 2026 | Sale | −20,000 | $24.02 | $480.40K | 692,823 |
| Divisadero Street Capital, LLC 10% owner | May 15, 2026 | Buy | +33,174 | $25.27 | $838.31K | 2,101,540 |
| Ludmila Smolyansky – | May 15, 2026 | Sale | −20,000 | $24.64 | $492.80K | 712,823 |
| Edward Smolyansky 10% owner | May 15, 2026 | Sale | −11,388 | $24.21 | $275.70K | 1,065,254 |
| Edward Smolyansky 10% owner | May 15, 2026 | Sale | −12,612 | $25.46 | $321.10K | 1,052,642 |
| Divisadero Street Capital Management, LP 10% owner | May 15, 2026 | Buy | +33,174 | $25.27 | $838.31K | 2,101,540 |
| S.A. Danone 10% owner | May 14, 2026 | Sale | −3,454,756 | $19.50 | $67.37M | 0 |
| Divisadero Street Capital, LLC 10% owner | May 14, 2026 | Buy | +1,500 | $22.98 | $34.47K | 2,033,366 |
| Divisadero Street Capital, LLC 10% owner | May 14, 2026 | Buy | +35,000 | $26.33 | $921.55K | 2,068,366 |
| Divisadero Street Capital, LLC 10% owner | May 14, 2026 | Buy | +95,371 | $25.24 | $2.41M | 2,031,866 |
| Edward Smolyansky 10% owner | May 14, 2026 | Sale | −22,818 | $25.25 | $576.15K | 1,078,824 |
| Edward Smolyansky 10% owner | May 14, 2026 | Sale | −2,182 | $26.28 | $57.34K | 1,076,642 |
| Divisadero Street Capital Management, LP 10% owner | May 14, 2026 | Buy | +1,500 | $22.98 | $34.47K | 2,033,366 |
| Divisadero Street Capital Management, LP 10% owner | May 14, 2026 | Buy | +35,000 | $26.33 | $921.55K | 2,068,366 |
| Divisadero Street Capital Management, LP 10% owner | May 14, 2026 | Buy | +95,371 | $25.24 | $2.41M | 2,031,866 |
| Ludmila Smolyansky – | Apr 20, 2026 | Sale | −15,000 | $26.50 | $397.50K | 732,823 |
| Eric A. Hanson CFO | Mar 28, 2026 | Tax withholding | −285 | $18.30 | $5.22K | 57,494 |
| Eric A. Hanson CFO | Mar 28, 2026 | Award | +743 | – | – | 57,779 |
| Edward Smolyansky 10% owner | Mar 19, 2026 | Sale | −14,353 | $17.77 | $255.05K | 1,101,642 |
| Ludmila Smolyansky – | Mar 18, 2026 | Sale | −10,000 | $18.74 | $187.40K | 747,823 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Edward Smolyansky 10% Stockholder | Oct 13, 2026 | 30,000 | $679.08K | Oct 13, 2026 | Gift |
| Edward Smolyansky 10% Stockholder | Aug 14, 2026 | 75,000 | $1.91M | Aug 14, 2026 | Gift |
| Edward Smolyansky 10% Stockholder | Aug 12, 2026 | 35,000 | $1.01M | Aug 12, 2026 | Gift |
| Ludmila Smolyansky AFFILIATE | Jul 22, 2026 | 100,000 | $3.08M | Jul 22, 2026 | INHERITANCE |
| Edward Smolyansky 10% Stockholder | Jul 15, 2026 | 6,916 | $221.46K | Jul 15, 2026 | Gift |
| Edward Smolyansky 10% Stockholder | Jul 15, 2026 | 66,916 | $2.14M | Jul 15, 2026 | Gift |
| Edward Smolyansky 10% Stockholder | Jul 7, 2026 | 39,098 | $1.15M | Jul 7, 2026 | Gift |
| Edward Smolyansky 10% Stockholder | Jul 6, 2026 | 7,984 | $237.79K | Jul 6, 2026 | Gift |
| Edward Smolyansky 10% Stockholder | Jun 30, 2026 | 50,000 | $1.48M | Jun 30, 2026 | Gift |
| Edward Smolyansky 10% Stockholder | Jun 29, 2026 | 14,542 | $438.07K | Jun 29, 2026 | Gift |
| Edward Smolyansky 10% Stockholder | Jun 26, 2026 | 111,548 | $3.26M | Jun 26, 2026 | Gift |
| Ludmila Smolyansky AFFILIATE | Jun 24, 2026 | 85,616 | $2.58M | Jun 24, 2026 | INHERITANCE |
| Edward Smolyansky 10% Stockholder | Jun 24, 2026 | 38,452 | $1.15M | Jun 24, 2026 | Gift |
| Edward Smolyansky 10% Stockholder | Jun 22, 2026 | 50,000 | $1.31M | Jun 22, 2026 | Gift |
| Ludmila Smolyansky AFFILIATE | Jun 10, 2026 | 20,000 | $478.91K | Jun 10, 2026 | INHERITANCE |