Keurig Dr Pepper Inc.
US ˙ NasdaqGS ˙ US49271V1008

SecurityKDP / Keurig Dr Pepper Inc.
InstitutionGeode Capital Management, Llc
Latest Disclosed Ownership32,943,622 shares
Latest Disclosed Value $ 863,857,004
Geode Capital Management, Llc reports 3.59% increase in ownership of KDP / Keurig Dr Pepper Inc.

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 32,943,622 shares of Keurig Dr Pepper Inc. (US:KDP) valued at $867,405,567 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 31,802,056 shares of Keurig Dr Pepper Inc.. This represents a change in shares of 3.59% during the quarter. The current value of the position is $1,005,768,780 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 KEURIG DR PEPPER COM 49271V100 32,943,622 1,141,566 3.59 863,857 -2.61 0.0287
2026-02-09 2025-12-31 13F KEURIG DR PEPPER COM 49271V100 31,802,056 1,187,457 3.88 887,021 14.10 0.0547
2025-11-12 2025-09-30 13F KEURIG DR PEPPER COM 49271V100 30,614,599 397,236 1.31 777,382 -21.81 0.0496
2025-08-08 2025-06-30 13F KEURIG DR PEPPER COM 49271V100 30,217,363 3,595,579 13.51 994,275 9.54 0.0697
2025-05-13 2025-03-31 13F KEURIG DR PEPPER COM 49271V100 26,621,784 2,110,745 8.61 907,660 15.63 0.0714
2025-02-12 2024-12-31 13F KEURIG DR PEPPER COM 49271V100 24,511,039 1,962,195 8.70 784,974 -6.76 0.0608
2024-11-12 2024-09-30 13F KEURIG DR PEPPER COM 49271V100 22,548,844 591,316 2.69 841,886 15.15 0.0682
2024-08-09 2024-06-30 13F KEURIG DR PEPPER COM 49271V100 21,957,528 532,287 2.48 731,136 11.59 0.0642
2024-05-13 2024-03-31 13F KEURIG DR PEPPER COM 49271V100 21,425,241 1,253,420 6.21 655,211 -2.22 0.0606
2024-02-13 2023-12-31 13F KEURIG DR PEPPER COM 49271V100 20,171,821 516,964 2.63 670,110 8.24 0.0701
2023-11-13 2023-09-30 13F KEURIG DR PEPPER COM 49271V100 19,654,857 3,050,680 18.37 619,082 19.58 0.0737
2023-08-11 2023-06-30 13F KEURIG DR PEPPER COM 49271V100 16,604,177 339,796 2.09 517,698 -9.56 0.0608
2023-05-15 2023-03-31 13F KEURIG DR PEPPER COM 49271V100 16,264,381 264,167 1.65 572,454 100,506.85 0.0743
2023-02-13 2022-12-31 13F KEURIG DR PEPPER COM 49271V100 16,000,214 360,340 2.30 569 -99.90 0.0799
2022-11-14 2022-09-30 13F KEURIG DR PEPPER COM 49271V100 15,639,874 2,018,063 14.81 559,532 16.30 0.0849
2022-08-12 2022-06-30 13F KEURIG DR PEPPER COM 49271V100 13,621,811 5,190,395 61.56 481,119 50.81 0.0705
2022-05-13 2022-03-31 13F KEURIG DR PEPPER COM 49271V100 8,431,416 158,833 1.92 319,025 4.80 0.0398
2022-02-11 2021-12-31 13F KEURIG DR PEPPER COM 49271V100 8,272,583 242,120 3.02 304,414 11.15 0.0367
2021-11-12 2021-09-30 13F KEURIG DR PEPPER COM 49271V100 8,030,463 1,263,436 18.67 273,873 15.07 0.0369
2021-08-13 2021-06-30 13F KEURIG DR PEPPER COM 49271V100 6,767,027 351,679 5.48 238,004 8.09 0.0328
2021-05-12 2021-03-31 13F KEURIG DR PEPPER COM 49271V100 6,415,348 530,252 9.01 220,185 17.08 0.0337
2021-02-12 2020-12-31 13F KEURIG DR PEPPER COM 49271V100 5,885,096 1,166,725 24.73 188,060 44.54 0.0316
2020-11-13 2020-09-30 13F KEURIG DR PEPPER COM 49271V100 4,718,371 1,808,249 62.14 130,107 57.60 0.0255
2020-08-13 2020-06-30 13F KEURIG DR PEPPER COM 49271V100 2,910,122 595,369 25.72 82,553 46.95 0.0177
2020-05-14 2020-03-31 13F KEURIG DR PEPPER COM 49271V100 2,314,753 157,127 7.28 56,179 -10.06 0.0146
2020-02-20 2019-12-31 13F/A-1 KEURIG DR PEPPER COM 49271V100 2,157,626 53,248 2.53 62,463 8.65 0.0131
2020-02-13 2019-12-31 13F KEURIG DR PEPPER COM 49271V100 2,157,626 53,248 62,463 7,960.3617
2019-11-12 2019-09-30 13F KEURIG DR PEPPER COM 49271V100 2,104,378 603,007 40.16 57,491 32.50 0.0134
2019-08-14 2019-06-30 13F KEURIG DR PEPPER COM 49271V100 1,501,371 -116,201 -7.18 43,389 -4.10 0.0105
2019-05-14 2019-03-31 13F KEURIG DR PEPPER COM 49271V100 1,617,572 113,999 7.58 45,243 17.36 0.0117
2019-03-06 2018-12-31 13F/A-1 KEURIG DR PEPPER COM 49271V100 1,503,573 77,402 5.43 38,551 16.67 0.0119
2019-02-13 2018-12-31 13F KEURIG DR PEPPER COM 49271V100 1,503,573 77,402 38,551
2018-11-13 2018-09-30 13F KEURIG DR PEPPER COM 49271V100 1,426,171 -386,418 -21.32 33,044 -85.05 0.0093
2018-08-14 2018-06-30 13F DR PEPPER SNAPPLE GROUP-SPN COM 26138E109 1,812,589 -479,468 -20.92 220,992 -18.38 0.0679
2018-05-15 2018-03-31 13F DR PEPPER SNAPPLE GROUP COM 26138E109 2,292,057 172,525 8.14 270,768 31.87 0.0882
2018-02-13 2017-12-31 13F DR PEPPER SNAPPLE GROUP COM 26138E109 2,119,532 38,886 1.87 205,331 11.75 0.0697
2017-11-14 2017-09-30 13F DR PEPPER SNAPPLE GROUP COM 26138E109 2,080,646 54,378 2.68 183,748 -0.32 0.0678
2017-08-14 2017-06-30 13F DR PEPPER SNAPPLE GROUP COM 26138E109 2,026,268 7,353 0.36 184,331 -6.64 0.0725
2017-06-21 2017-03-31 13F/A-1 DR PEPPER SNAPPLE GROUP COM 26138E109 2,018,915 107,325 5.61 197,444 14.04 0.0810
2017-05-12 2017-03-31 13F DR PEPPER SNAPPLE GROUP COM 26138E109 2,018,915 197,444
2017-02-14 2016-12-31 13F DR PEPPER SNAPPLE GROUP COM 26138E109 1,911,590 78,938 4.31 173,140 3.61 0.0805
2016-11-10 2016-09-30 13F DR PEPPER SNAPPLE GROUP COM 26138E109 1,832,652 105,847 6.13 167,107 0.30 0.0841
2016-08-12 2016-06-30 13F DR PEPPER SNAPPLE GROUP COM 26138E109 1,726,805 27,447 1.62 166,601 9.84 0.0906
2016-05-13 2016-03-31 13F DR PEPPER SNAPPLE GROUP COM 26138E109 1,699,358 54,992 3.34 151,682 -0.84 0.0805
2016-02-12 2015-12-31 13F DR PEPPER SNAPPLE GROUP COM 26138E109 1,644,366 -33,770 -2.01 152,963 15.51 0.0872
2015-11-13 2015-09-30 13F DR PEPPER SNAPPLE GROUP COM 26138E109 1,678,136 18,967 1.14 132,420 9.68 0.0803
2015-08-14 2015-06-30 13F DR PEPPER SNAPPLE GROUP COM 26138E109 1,659,169 21,511 1.31 120,734 -5.92 0.0689
2015-05-14 2015-03-31 13F DR PEPPER SNAPPLE GROUP COM 26138E109 1,637,658 77,767 4.99 128,336 14.92 0.0734
2015-02-12 2014-12-31 13F DR PEPPER SNAPPLE GROUP COM 26138E109 1,559,891 74,661 5.03 111,676 17.06 0.0664
2014-11-14 2014-09-30 13F DR PEPPER SNAPPLE GROUP COM 26138E109 1,485,230 -10,651 -0.71 95,397 8.93 0.0618
2014-08-13 2014-06-30 13F DR PEPPER SNAPPLE GROUP COM 26138E109 1,495,881 -43,604 -2.83 87,578 4.50 0.0566
2014-05-14 2014-03-31 13F DR PEPPER SNAPPLE GROUP COM 26138E109 1,539,485 99,062 6.88 83,806 19.46 0.0562
2014-02-14 2013-12-31 13F DR PEPPER SNAPPLE GROUP COM 26138E109 1,440,423 22,478 1.59 70,156 10.42 0.0486
2013-11-14 2013-09-30 13F DR PEPPER SNAPPLE GROUP COM 26138E109 1,417,945 24,058 1.73 63,536 -0.74 0.0509
2013-08-14 2013-06-30 13F DR PEPPER SNAPPLE GROUP COM 26138E109 1,393,887 1,393,887 64,007 0.0563
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.