National Beverage Corp.
US ˙ NasdaqGS ˙ US6350171061

SecurityFIZZ / National Beverage Corp.
InstitutionLazard Asset Management Llc
Latest Disclosed Ownership11,592 shares
Latest Disclosed Value $ 390,071
Lazard Asset Management Llc reports 9.75% decrease in ownership of FIZZ / National Beverage Corp.

On May 15, 2026 - Lazard Asset Management Llc filed a 13F-HR form disclosing ownership of 11,592 shares of National Beverage Corp. (US:FIZZ) valued at $390,071 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 12,845 shares of National Beverage Corp.. This represents a change in shares of -9.75% during the quarter. The current value of the position is $423,224 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F NATIONAL BEVERAGE COM 635017106 11,592 -1,253 -9.75 390 -4.65 0.0006
2026-02-17 2025-12-31 13F NATIONAL BEVERAGE COM 635017106 12,845 1,590 14.13 410 -1.45 0.0007
2025-11-14 2025-09-30 13F NATIONAL BEVERAGE COM 635017106 11,255 11,255 416 0.0006
2025-05-15 2025-03-31 13F NATL BEVERAGE Common Stock 635017106 0 -1,237 -100.00 0 0.0000
2025-02-14 2024-12-31 13F NATL BEVERAGE Common Stock 635017106 1,237 1,237 0 0.0001
2024-11-14 2024-09-30 13F NATL BEVERAGE Common Stock 635017106 0 -2,315 -100.00 0 0.0000
2024-08-14 2024-06-30 13F NATL BEVERAGE Common Stock 635017106 2,315 2,286 7,882.76 0 0.0001
2024-07-09 2024-03-31 13F/A-1 NATL BEVERAGE Common Stock 635017106 29 -1,844 -98.45 0 0.0000
2024-05-14 2024-03-31 13F NATL BEVERAGE Common Stock 635017106 29 -1,844 0 0.0000
2024-02-14 2023-12-31 13F NATL BEVERAGE Common Stock 635017106 1,873 1,873 0 0.0001
2023-11-14 2023-09-30 13F NATL BEVERAGE Common Stock 635017106 0 -3,023 -100.00 0 0.0000
2023-08-15 2023-06-30 13F NATL BEVERAGE Common Stock 635017106 3,023 0 0.00 0 0.0002
2023-05-15 2023-03-31 13F NATL BEVERAGE Common Stock 635017106 3,023 -61 -1.98 0 -100.00 0.0002
2023-02-15 2022-12-31 13F NATL BEVERAGE Common Stock 635017106 3,084 0 0.00 143 21.19 0.0002
2022-11-14 2022-09-30 13F NATL BEVERAGE Common Stock 635017106 3,084 0 0.00 118 -21.33 0.0002
2022-08-09 2022-06-30 13F NATL BEVERAGE Common Stock 635017106 3,084 977 46.37 150 64.84 0.0002
2022-05-13 2022-03-31 13F NATL BEVERAGE Common Stock 635017106 2,107 621 41.79 91 35.82 0.0001
2022-02-09 2021-12-31 13F NATL BEVERAGE Common Stock 635017106 1,486 160 12.07 67 -2.90 0.0001
2021-11-15 2021-09-30 13F NATL BEVERAGE Common Stock 635017106 1,326 -113 -7.85 69 2.99 0.0001
2021-08-12 2021-06-30 13F NATL BEVERAGE Common Stock 635017106 1,439 0 0.00 67 -4.29 0.0001
2021-05-14 2021-03-31 13F NATL BEVERAGE Common Stock 635017106 1,439 1,439 70 0.0001
2021-02-11 2020-12-31 13F NATL BEVERAGE Common Stock 635017106 0 -97 -100.00 0 -100.00
2020-11-13 2020-09-30 13F NATL BEVERAGE Common Stock 635017106 97 97 6 0.0000
2019-08-30 2018-09-30 13F/A-1 NATL BEVERAGE Common Stock 635017106 0 -47 -100.00 0 -100.00
2019-08-30 2018-06-30 13F/A-1 NATL BEVERAGE Common Stock 635017106 47 -203 -81.20 5 -77.27 0.0000
2018-08-13 2018-06-30 13F NATL BEVERAGE Common Stock 635017106 47 -203 5
2019-08-28 2018-03-31 13F/A-1 NATL BEVERAGE Common Stock 635017106 250 -5,874 -95.92 22 -96.31 0.0000
2018-05-14 2018-03-31 13F NATL BEVERAGE Common Stock 635017106 250 -5,874 22
2019-08-28 2017-12-31 13F/A-1 NATL BEVERAGE Common Stock 635017106 6,124 6,124 -90.30 596 -45.97 0.0010
2018-02-13 2017-12-31 13F NATL BEVERAGE Common Stock 635017106 6,124 596
2014-01-13 2013-09-30 13F/A-1 NATL BEVERAGE Common Stock 635017106 0 -63,146 -100.00 0 -100.00
2013-08-13 2013-06-30 13F NATL BEVERAGE Common Stock 635017106 63,146 63,146 1,103 0.0026
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.