As of November 7, 2026, 3 holders' latest Schedule 13D or 13G filings report owning 5% or more of Zevia PBC. The largest reported stake is Bubble Holdings, LLC's, at 16.1%. 12 filings are on record since July 2, 2025 (Schedule 13D, October 29, 2026).
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Key facts
- · Reporting person: Bubble Holdings, LLC · Sole voting: 0 · Shared voting: 13,812,154 · Sole dispositive: 0 · Shared dispositive: 13,812,154 · SCHEDULE 13D, 2026-10-29
- · Holder: Caisse de depot et placement du Quebec · Percent: 15.9% · SCHEDULE 13D/A
- · Holder: Tallwoods Investments, LLC · Percent: 1% · SCHEDULE 13G/A
- · Holder: Divisadero Street Capital Management, LP · Percent: 4.8% · SCHEDULE 13G/A
- · Holder: Topline Capital Management, LLC · Percent: 8.8% · SCHEDULE 13G
Zevia PBC has 12 Schedule 13D or 13G filings on record since 2025-07-02. 3 holders' latest filing reports 5% or more of class a common stock. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| Bubble Holdings, LLC | 16.1% | 13,812,154 | SCHEDULE 13D, 2026-10-29 | 2026-10-22 |
| 15.9% | 11,400,428 | SCHEDULE 13D/A, 2026-05-28 | 2026-05-27 | |
| Topline Capital Management, LLC | 8.8% | 5,951,196 | SCHEDULE 13G, 2026-02-13 | 2025-12-31 |
| White Pine LLC | 4.9% | 3,357,486 | SCHEDULE 13G/A, 2025-07-03 | 2025-06-30 |
| Divisadero Street Capital Management, LP | 4.8% | 3,213,961 | SCHEDULE 13G/A, 2026-02-13 | 2025-12-31 |
| Tallwoods Investments, LLC | 1% | 697,935 | SCHEDULE 13G/A, 2026-02-17 | 2025-12-31 |
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Keep reading
More on Zevia PBC and the records around it.
Zevia PBC elsewhere on the record
- Leadership changes Jun 2026
- Who owns it
Companies that share a holder
- CDP Investissements Inc. also filed stake reports on 3 other companies: Gildan Activewear Inc. (Aug 2026), Lafayette Square USA, Inc. (Jun 2026), TFI International Inc. (Feb 2026)
- Topline Capital Management, LLC also filed stake reports on 13 other companies: AMERICAN VANGUARD CORP (Feb 2026), GREEN DOT CORP (Feb 2026), KORU Medical Systems, Inc. (Feb 2026)
- DIVISADERO STREET CAPITAL MANAGEMENT, LP also filed stake reports on 22 other companies: Rush Street Interactive, Inc. (Sep 2026), Build-a-Bear Workshop, Inc (Aug 2026), Citi Trends, Inc. (Aug 2026)
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Bubble Holdings, LLC | 0 | 13,812,154 | 0 | 13,812,154 | SCHEDULE 13D, 2026-10-29 |
| GP Investments, Ltd. | 0 | 13,812,154 | 0 | 13,812,154 | SCHEDULE 13D, 2026-10-29 |
| GP Cash Management, Ltd. | 0 | 13,812,154 | 0 | 13,812,154 | SCHEDULE 13D, 2026-10-29 |
The latest filing identifies Zevia PBC by CUSIP 98955K104 and gives its principal executive office as 15821 VENTURA BLVD., SUITE 145, ENCINO, CA 91436 (SCHEDULE 13D, 2026-10-29).
Source of funds (Item 3)
The source of funds for the acquisitions of the shares of Class A common stock ("Class A shares") reported on this Schedule 13D was working capital of Bubble Holdings. The aggregate of purchase price for the Class A Shares reported on this Schedule 13D is approximately $20 million, which $15 million was received by Zevia and $5 million will be received after certain conditions are waived or satisfied.Bubble Holdings, LLC, SCHEDULE 13D, 2026-10-29
Purpose of Transaction (Item 4)
Bubble Holdings, LLC
Investment: The Reporting Persons acquired the Series A Preferred Stock for investment purposes. Under the October 22, 2026 Securities Purchase Agreement, Bubble Holdings agreed to invest up to $20 million, purchasing 15,000 preferred shares for $15 million at the initial closing and potentially another 5,000 shares for $5 million at a deferred closing. Deferred investment: The additional $5 million is generally conditioned on the Issuer achieving 2026 net sales of at least $172.5 million and Adjusted EBITDA of at least negative $3 million, together with certain customary closing conditions. Bubble may waive these financial conditions or elect to close early, in which case they are automatically waived. Board representation: While Bubble and its affiliates hold at least 10,000 preferred shares or 8% of the Issuer's common stock on an as-converted basis, Bubble may designate one director to the Board. The Board was increased to eight directors at the initial closing. Voting restrictions: While Bubble owns at least 5%, it generally has discretion over voting or tendering shares representing up to 20% of the Issuer's common stock. Shares above that threshold must generally be voted or tendered proportionately with other shareholders. Additional proportional voting restrictions apply to director elections while Bubble maintains its board designation right. Standstill and transfer restrictions: While holding at least 5%, Bubble is subject to customary standstill provisions …The first part of Item 4 of the SCHEDULE 13D filed 2026-10-29; the filing has the rest
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-07-02 | Caisse de depot et placement du Quebec | 30.3% | SCHEDULE 13D/A |
| 2025-07-03 | White Pine LLC | 4.9% | SCHEDULE 13G/A |
| 2025-07-09 | Divisadero Street Capital Management, LP | 5.4% | SCHEDULE 13G |
| 2025-10-01 | Caisse De Depot Et Placement Du Quebec | 25.3% | SCHEDULE 13D/A |
| 2025-11-04 | Divisadero Street Capital Management, LP | 9.1% | SCHEDULE 13G/A |
| 2025-11-04 | Divisadero Street Capital Management, LP | 9.1% | SCHEDULE 13G/A |
| 2026-01-29 | Caisse de depot et placement du Quebec | 20.1% | SCHEDULE 13D/A |
| 2026-02-13 | Divisadero Street Capital Management, LP | 4.8% | SCHEDULE 13G/A |
| 2026-02-13 | Topline Capital Management, LLC | 8.8% | SCHEDULE 13G |
| 2026-02-17 | Tallwoods Investments, LLC | 1% | SCHEDULE 13G/A |
| 2026-05-28 | Caisse de depot et placement du Quebec | 15.9% | SCHEDULE 13D/A |
| 2026-10-29 | Bubble Holdings, LLC | 16.1% | SCHEDULE 13D |
Questions about who owns Zevia PBC
Who owns Zevia PBC?
On this page, 3 holders' latest ownership filings report 5% or more of Zevia PBC: Bubble Holdings, LLC (16.1%, Schedule 13D, filed 2026-10-29), Caisse de depot et placement du Quebec (15.9%, Schedule 13D/A, filed 2026-05-28) and Topline Capital Management, LLC (8.8%, Schedule 13G, filed 2026-02-13).
Who are the largest shareholders of Zevia PBC?
By the share each holder's latest filing reports, the largest holders of Zevia PBC on this page are Bubble Holdings, LLC (16.1%), Caisse de depot et placement du Quebec (15.9%) and Topline Capital Management, LLC (8.8%).
When did Bubble Holdings, LLC buy into Zevia PBC?
The filings give report dates, not purchase dates. The earliest filing from Bubble Holdings, LLC on this page is the Schedule 13D, filed 2026-10-29, reporting 16.1%.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 12 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
Also on the record for Zevia PBC
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| November 6, 2026 | Form D, private offering | $15M sold | Form D page | Source |
| June 15, 2026 | Leadership change: Amy E. Taylor departs, President and Chief Executive Officer | — | Leadership changes | Source |
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.