National Beverage Corp (FIZZ) shareholders
FIZZNasdaqBottled & Canned Soft Drinks & Carbonated WatersFiscal year ends May 2
Financials through Q1 FY2027, quarter ended Aug 1, 2026Last filing: 10-Q on Sep 10, 2026Score 18/3014% below fair value
$36.26−0.48 (-1.31%)
Close on Nov 12, 2026Market cap $3.39BP/E 19.5Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
26.3%
25M of 94M shares
Institutional holders
258
52 new, 31 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
1 buys · 0 sales
Net bought $7.95K
Shares held by institutions
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of FIZZ | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 4,265,616 | 4.56% | $133.09M | +183,899 | 0.00% |
| Renaissance Technologies LLC | 2,838,997 | 3.03% | $88.58M | −106,900 | 0.12% |
| Kayne Anderson Rudnick Investment Management LLC | 2,036,990 | 2.18% | $63.55M | −301,019 | 0.20% |
| Dimensional Fund Advisors LP | 1,640,230 | 1.75% | $51.18M | +57,365 | 0.01% |
| Vanguard Portfolio Management LLC | 1,572,492 | 1.68% | $49.06M | −31,554 | 0.00% |
| Vanguard Capital Management LLC | 1,052,173 | 1.12% | $32.83M | +7,287 | 0.00% |
| State Street Corp | 972,477 | 1.04% | $30.34M | +69,850 | 0.00% |
| Geode Capital Management, LLC | 907,105 | 0.97% | $28.30M | +58,607 | 0.00% |
| Two Sigma Investments, LP | 663,792 | 0.71% | $20.71M | +67,233 | 0.01% |
| Morgan Stanley | 519,178 | 0.55% | $16.20M | +8,967 | 0.00% |
| Goldman Sachs Group Inc | 498,523 | 0.53% | $15.55M | −39,132 | 0.00% |
| Northern Trust Corp | 301,329 | 0.32% | $9.40M | +14,311 | 0.00% |
| Algert Global LLC | 273,849 | 0.29% | $8.54M | +96,550 | 0.10% |
| Jones Financial Companies Lllp | 269,811 | 0.29% | $8.83M | +15,224 | 0.00% |
| Natixis Advisors, L.P. | 269,332 | 0.29% | $8.40M | +9,019 | 0.01% |
| Norges Bank | 266,024 | 0.28% | $8.30M | New | 0.00% |
| Creative Planning | 263,675 | 0.28% | $8.23M | +102,669 | 0.00% |
| Bank Of America Corp /De/ | 254,684 | 0.27% | $7.95M | +10,041 | 0.00% |
| American Century Companies Inc | 245,182 | 0.26% | $7.65M | +173,268 | 0.00% |
| Charles Schwab Investment Management Inc | 235,805 | 0.25% | $7.36M | +17,159 | 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 | 258 | 25M | 26.3% | 52 / 102 | 66 / 31 | 2M | 1M |
| Q1 2026 | 242 | 24M | 25.4% | 45 / 95 | 68 / 29 | 5M | 2M |
| Q4 2025 | 231 | 24M | 25.2% | 33 / 94 | 75 / 37 | 2M | 2M |
| Q3 2025 | 236 | 23M | 24.7% | 32 / 77 | 84 / 26 | 1M | 2M |
| Q2 2025 | 233 | 23M | 25.1% | 23 / 99 | 70 / 27 | 1M | 1M |
| Q1 2025 | 238 | 23M | 25.0% | 43 / 79 | 79 / 24 | 2M | 1M |
| Q4 2024 | 221 | 23M | 24.1% | 28 / 80 | 66 / 36 | 1M | 1M |
| Q3 2024 | 230 | 23M | 24.2% | 34 / 84 | 71 / 22 | 5M | 1M |
| Q2 2024 | 220 | 22M | 23.5% | 29 / 71 | 81 / 22 | 1M | 2M |
| Q1 2024 | 215 | 23M | 25.0% | 25 / 70 | 78 / 16 | 1M | 1M |
| Q4 2023 | 210 | 23M | 24.5% | 28 / 66 | 75 / 23 | 2M | 1M |
| Q3 2023 | 208 | 22M | 23.5% | 23 / 74 | 70 / 20 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
248 funds held FIZZ in Q2 2026, 67% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of FIZZ | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 1,410,577 | 1.51% | $44.01M | 0.04% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 743,052 | 0.79% | $23.18M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 619,627 | 0.66% | $19.33M | 0.02% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 536,019 | 0.57% | $16.72M | 0.01% | Jun 30, 2026 |
| Virtus KAR Small-Cap Value Fund | 353,833 | 0.38% | $11.04M | 1.84% | Jun 30, 2026 |
| Vanguard Consumer Staples Index Fund | 329,261 | 0.35% | $12.18M | 0.13% | May 31, 2026 |
| U.S. Small Cap Portfolio | 319,239 | 0.34% | $10.10M | 0.05% | Jul 31, 2026 |
| Vanguard Small-Cap Growth Index Fund | 307,919 | 0.33% | $9.61M | 0.02% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 271,336 | 0.29% | $8.47M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 265,272 | 0.28% | $8.39M | 0.02% | Jul 31, 2026 |
| Dimensional U.S. Small Cap ETF | 264,227 | 0.28% | $8.36M | 0.05% | Jul 31, 2026 |
| U.S. Micro Cap Portfolio | 216,640 | 0.23% | $6.85M | 0.09% | Jul 31, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 213,392 | 0.23% | $6.66M | 0.04% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 193,400 | 0.21% | $7.15M | 0.03% | May 31, 2026 |
| iShares Russell 2000 Growth ETF | 192,666 | 0.21% | $6.01M | 0.04% | Jun 30, 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 |
|---|---|---|---|---|
| Glenn J. Waldman | Director | 2,000 | 0.00% | Jul 29, 2026 |
| stanley michael sheridan | Director | 95,112 | 0.10% | Apr 17, 2025 |
| Samuel C. Hathorn | Director | 60,766 | 0.06% | Jan 10, 2025 |
| Cecil D. Conlee | Director | 48,480 | 0.05% | Dec 16, 2024 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Glenn J. Waldman Director | Jul 20, 2026 | Buy | +250 | $31.78 | $7.95K | 2,000 |
| stanley michael sheridan Director | Apr 15, 2025 | Sale | −8,000 | $43.40 | $347.20K | 62,408 |
| stanley michael sheridan Director | Dec 31, 2024 | Sale | −6,100 | $42.49 | $259.19K | 70,408 |
| Samuel C. Hathorn Director | Dec 30, 2024 | Gift | −20,000 | $42.50 | $850.00K | 60,766 |
| Cecil D. Conlee Director | Dec 13, 2024 | Sale | −5,264 | $46.76 | $246.14K | 48,480 |
| Cecil D. Conlee Director | Dec 12, 2024 | Sale | −2,736 | $47.01 | $128.62K | 53,744 |
| Cecil D. Conlee Director | Jul 11, 2024 | Sale | −10,000 | $50.11 | $501.10K | 56,480 |
| stanley michael sheridan Director | Jul 5, 2024 | Sale | −16,000 | $51.81 | $828.96K | 76,508 |
| Cecil D. Conlee Director | Jun 13, 2024 | Option exercise | +6,000 | $0.01 | $60 | 66,480 |
| Cecil D. Conlee Director | Apr 9, 2024 | Sale | −12,000 | $47.94 | $575.28K | 60,480 |
| stanley michael sheridan Director | Dec 28, 2023 | Option exercise | +16,000 | $1.50 | $24.00K | 92,508 |
| George R. Bracken EVP - FINANCE | Dec 28, 2023 | Option exercise | +30,000 | $4.60 | $138.00K | 313,796 |
| Samuel C. Hathorn Director | Dec 26, 2023 | Gift | −2,000 | $49.80 | $99.60K | 80,766 |
| Samuel C. Hathorn Director | Dec 22, 2023 | Gift | −6,000 | $49.34 | $296.04K | 82,766 |
| Cecil D. Conlee Director | Dec 22, 2023 | Option exercise | +24,000 | $1.50 | $36.00K | 72,480 |
| Cecil D. Conlee Director | Dec 13, 2023 | Gift | −5,000 | $51.96 | $259.80K | 48,480 |
| Joseph G. Caporella President, Director | Dec 12, 2023 | Option exercise | +40,000 | $4.60 | $184.00K | 943,200 |
| stanley michael sheridan Director | Nov 14, 2023 | Gift | −3,000 | $49.14 | $147.42K | 76,508 |
| Samuel C. Hathorn Director | Oct 23, 2023 | Option exercise | +30,000 | $1.50 | $45.00K | 122,966 |
| Cecil D. Conlee Director | Oct 18, 2023 | Sale | −5,335 | $45.44 | $242.42K | 53,480 |
| Cecil D. Conlee Director | Oct 17, 2023 | Sale | −4,844 | $45.53 | $220.55K | 58,815 |
| Cecil D. Conlee Director | Oct 16, 2023 | Sale | −3,021 | $45.74 | $138.18K | 63,659 |
| Cecil D. Conlee Director | Jul 11, 2022 | Sale | −12,000 | $49.52 | $594.24K | 68,680 |
| stanley michael sheridan Director | Dec 15, 2021 | Buy | +100 | $45.96 | $4.60K | 79,508 |
| Cecil D. Conlee Director | Dec 14, 2021 | Gift | −3,000 | $45.52 | $136.56K | 80,680 |
| Cecil D. Conlee Director | Dec 7, 2021 | Option exercise | +4,400 | $0.01 | $44 | 82,080 |
| Cecil D. Conlee Director | Dec 7, 2021 | Option exercise | +1,600 | $0.01 | $16 | 83,680 |
| Cecil D. Conlee Director | Sep 29, 2021 | Gift | −2,000 | $52.53 | $105.06K | 78,680 |
| stanley michael sheridan Director | Jul 27, 2021 | Option exercise | +2,000 | $0.01 | $20 | 79,408 |
| stanley michael sheridan Director | Jul 27, 2021 | Option exercise | +4,000 | $0.01 | $40 | 77,408 |
| Nick A. Caporella COB & CEO, Director, 10% owner | Jul 12, 2021 | Gift | −1,200 | $44.53 | $53.44K | 68,494,572 |
| Cecil D. Conlee Director | Jun 8, 2021 | Option exercise | +6,000 | $0.01 | $60 | 77,680 |
| Cecil D. Conlee Director | Mar 22, 2021 | Gift | −4,000 | $49.99 | $199.96K | 71,680 |
| Samuel C. Hathorn Director | Jan 26, 2021 | Gift | −2,500 | $64.75 | $161.88K | 58,766 |
| Samuel C. Hathorn Director | Dec 29, 2020 | Gift | −31,000 | $43.10 | $1.34M | 58,766 |
| Samuel C. Hathorn Director | Dec 23, 2020 | Gift | −30,000 | $43.24 | $1.30M | 58,766 |
| Samuel C. Hathorn Director | Dec 23, 2020 | Gift | −30,000 | $43.24 | $1.30M | 58,766 |
| Cecil D. Conlee Director | Dec 23, 2020 | Gift | −3,000 | $43.24 | $129.72K | 71,680 |
| Samuel C. Hathorn Director | Dec 11, 2020 | Option exercise | +745 | $0.01 | $7 | 76,133 |
| Samuel C. Hathorn Director | Dec 8, 2020 | Gift | −6,000 | $46.59 | $279.54K | 58,766 |
| Samuel C. Hathorn Director | Oct 6, 2020 | Gift | −4,000 | $37.11 | $148.44K | 58,766 |
| stanley michael sheridan Director | Jul 6, 2020 | Option exercise | +4,000 | $5.67 | $22.68K | 36,704 |
| Joseph G. Caporella President, Director | Mar 17, 2020 | Option exercise | +38,000 | $5.67 | $215.46K | 451,600 |
| Cecil D. Conlee Director | Dec 31, 2019 | Option exercise | +10,000 | $1.85 | $18.50K | 39,340 |
| George R. Bracken EVP - FINANCE | Dec 30, 2019 | Option exercise | +8,000 | $5.67 | $45.36K | 141,898 |
| Samuel C. Hathorn Director | Dec 27, 2019 | Gift | −2,000 | $51.69 | $103.38K | 80,388 |
| Samuel C. Hathorn Director | Dec 26, 2019 | Option exercise | +15,000 | $1.85 | $27.75K | 82,388 |
| Samuel C. Hathorn Director | Dec 24, 2019 | Gift | −2,000 | $52.32 | $104.64K | 80,388 |
| Samuel C. Hathorn Director | Dec 24, 2019 | Gift | −1,000 | $52.32 | $52.32K | 80,388 |
| Samuel C. Hathorn Director | Dec 24, 2019 | Gift | −2,000 | $52.32 | $104.64K | 80,388 |
| Nick A. Caporella COB & CEO, Director, 10% owner | Mar 18, 2019 | Buy | +1,650 | $60.31 | $99.51K | 34,247,886 |
| Nick A. Caporella COB & CEO, Director, 10% owner | Mar 15, 2019 | Buy | +1,650 | $60.30 | $99.50K | 34,246,236 |
| Joseph G. Caporella President, Director | Mar 14, 2019 | Buy | +6,000 | $59.95 | $359.70K | 413,600 |
| Cecil D. Conlee Director | Dec 7, 2018 | Gift | −1,500 | $83.68 | $125.52K | 29,340 |
| Samuel C. Hathorn Director | Dec 26, 2017 | Gift | −450 | $99.44 | $44.75K | 72,388 |
| Samuel C. Hathorn Director | Dec 19, 2017 | Gift | −450 | $105.32 | $47.39K | 72,388 |
| Samuel C. Hathorn Director | Dec 18, 2017 | Gift | −900 | $104.40 | $93.96K | 72,388 |
| Samuel C. Hathorn Director | Dec 22, 2016 | Gift | −1,000 | $51.12 | $51.12K | 74,188 |
| Samuel C. Hathorn Director | Jun 8, 2016 | Gift | −4,000 | $56.46 | $225.84K | 74,188 |
| George R. Bracken EVP - FINANCE | Feb 8, 2016 | Option exercise | +4,800 | $1.25 | $6.00K | 133,898 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
4.59%
4M shares short
Days to cover
15.0
At 0M shares a day
Change since last report
+0.4%
From 4M shares
Short volume, 20 days
60.0%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of National Beverage's stock actually held short. Settlement fails (shares not delivered on time) peaked at 1,668 shares on Oct 14, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| stanley michael sheridan Director | Apr 15, 2025 | 8,000 | $347.20K | Apr 15, 2025 | Stock Option Exercise |
| Sheridan, Stanley M. (FIZZ) Director | Dec 30, 2024 | 6,100 | $261.81K | Dec 31, 2024 | Stock Option Exercise |
| Cecil D. Conlee Director | Dec 12, 2024 | 8,000 | $375.20K | Dec 12, 2024 | Open Market |
| Cecil D. Conlee Director | Jul 11, 2024 | 10,000 | $498.50K | Jul 11, 2024 | Open Market |
| Sheridan, Stanley M. (FIZZ) Director | Jul 3, 2024 | 16,000 | $845.44K | Jul 5, 2024 | Stock Option Exercise |
| Cecil D. Conlee Director | Apr 9, 2024 | 12,000 | $578.28K | Apr 9, 2024 | Stock option exercise |
| Cecil D. Conlee Officer | Oct 16, 2023 | 13,200 | $603.50K | Oct 16, 2023 | Open Market |
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