National Beverage Corp.
US ˙ NasdaqGS ˙ US6350171061

SecurityFIZZ / National Beverage Corp.
InstitutionStifel Financial Corp
Latest Disclosed Ownership64,236 shares
Latest Disclosed Value $ 2,161,552
Stifel Financial Corp reports 5.14% decrease in ownership of FIZZ / National Beverage Corp.

On May 12, 2026 - Stifel Financial Corp filed a 13F-HR form disclosing ownership of 64,236 shares of National Beverage Corp. (US:FIZZ) valued at $2,161,541 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 67,716 shares of National Beverage Corp.. This represents a change in shares of -5.14% during the quarter. The current value of the position is $2,230,916 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)
2026-05-12 2026-03-31 13F NATIONAL BEVERAGE COM 635017106 64,236 -3,480 -5.14 2,162 0.09 0.0005
2026-02-13 2025-12-31 13F NATIONAL BEVERAGE COM 635017106 67,716 -8,450 -11.09 2,159 -23.22 0.0019
2025-11-12 2025-09-30 13F NATIONAL BEVERAGE COM 635017106 76,166 -2,940 -3.72 2,812 -17.78 0.0026
2025-08-14 2025-06-30 13F NATIONAL BEVERAGE COM 635017106 79,106 -2,116 -2.61 3,421 1.39 0.0033
2025-05-14 2025-03-31 13F NATIONAL BEVERAGE COM 635017106 81,222 -5,845 -6.71 3,374 -9.21 0.0036
2025-02-13 2024-12-31 13F NATIONAL BEVERAGE COM 635017106 87,067 -3,163 -3.51 3,715 -12.28 0.0039
2024-11-14 2024-09-30 13F NATIONAL BEVERAGE COM 635017106 90,230 219 0.24 4,235 -8.17 0.0044
2024-08-13 2024-06-30 13F NATIONAL BEVERAGE COM 635017106 90,011 -2,355 -2.55 4,612 5.22 0.0052
2024-05-14 2024-03-31 13F NATIONAL BEVERAGE COM 635017106 92,366 -1,033 -1.11 4,384 -5.60 0.0050
2024-02-12 2023-12-31 13F NATIONAL BEVERAGE COM 635017106 93,399 -1,555 -1.64 4,644 4.01 0.0058
2023-11-13 2023-09-30 13F NATIONAL BEVERAGE COM 635017106 94,954 -1,600 -1.66 4,465 -4.37 0.0063
2023-08-14 2023-06-30 13F NATIONAL BEVERAGE COM 635017106 96,554 -4,777 -4.71 4,668 -12.62 0.0064
2023-05-12 2023-03-31 13F NATIONAL BEVERAGE COM 635017106 101,331 935 0.93 5,342 14.37 0.0077
2023-02-13 2022-12-31 13F NATIONAL BEVERAGE COM 635017106 100,396 -3,149 -3.04 4,671 17.04 0.0070
2022-11-14 2022-09-30 13F NATIONAL BEVERAGE COM 635017106 103,545 -1,903 -1.80 3,991 -22.67 0.0065
2022-08-15 2022-06-30 13F NATIONAL BEVERAGE COM 635017106 105,448 -789 -0.74 5,161 11.69 0.0081
2022-05-13 2022-03-31 13F NATIONAL BEVERAGE COM 635017106 106,237 39 0.04 4,621 -4.01 0.0063
2022-02-14 2021-12-31 13F NATIONAL BEVERAGE COM 635017106 106,198 -502 -0.47 4,814 -14.05 0.0064
2021-11-15 2021-09-30 13F NATIONAL BEVERAGE COM 635017106 106,700 748 0.71 5,601 11.93 0.0082
2021-08-13 2021-06-30 13F NATIONAL BEVERAGE COM 635017106 105,952 4,931 4.88 5,004 1.28 0.0075
2021-05-14 2021-03-31 13F NATIONAL BEVERAGE COM 635017106 101,021 22,893 29.30 4,941 -25.51 0.0081
2021-02-12 2020-12-31 13F NATIONAL BEVERAGE COM 635017106 78,128 310 0.40 6,633 25.34 0.0118
2020-11-16 2020-09-30 13F NATIONAL BEVERAGE COM 635017106 77,818 -11,119 -12.50 5,292 -2.49 0.0109
2020-08-14 2020-06-30 13F NATIONAL BEVERAGE COM 635017106 88,937 12,104 15.75 5,427 65.36 0.0125
2020-05-14 2020-03-31 13F NATIONAL BEVERAGE COM 635017106 76,833 30,349 65.29 3,282 38.36 0.0091
2020-02-13 2019-12-31 13F NATIONAL BEVERAGE COM 635017106 46,484 19,346 71.29 2,372 96.68 0.0049
2019-11-19 2019-09-30 13F/A-1 NATIONAL BEVERAGE COM 635017106 27,138 1,333 5.17 1,206 4.96 0.0031
2019-11-13 2019-09-30 13F NATIONAL BEVERAGE COM 635017106 27,138 1,333 1,206 676.0234
2019-08-14 2019-06-30 13F NATIONAL BEVERAGE COM 635017106 25,805 17,336 204.70 1,149 134.97 0.0030
2019-05-14 2019-03-31 13F NATIONAL BEVERAGE COM 635017106 8,469 473 5.92 489 -14.66 0.0014
2019-02-13 2018-12-31 13F NATIONAL BEVERAGE COM 635017106 7,996 354 4.63 573 -36.26 0.0019
2018-11-13 2018-09-30 13F NATIONAL BEVERAGE COM 635017106 7,642 630 8.98 899 19.39 0.0026
2018-08-14 2018-06-30 13F NATIONAL BEVERAGE COM 635017106 7,012 671 10.58 753 33.27 0.0023
2018-05-11 2018-03-31 13F NATIONAL BEVERAGE COM 635017106 6,341 6,341 565 0.0018
2018-02-14 2017-12-31 13F NATIONAL BEVERAGE COM 635017106 0 -3,699 -100.00 0 -100.00
2017-11-13 2017-09-30 13F NATIONAL BEVERAGE COM 635017106 3,699 442 13.57 455 51.67 0.0016
2017-08-14 2017-06-30 13F NATIONAL BEVERAGE COM 635017106 3,257 3,257 300 0.0011
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.