Superinvestors Increase Stakes in PepsiCo (PEP) as Institutional Conviction Builds

Core Insights - Several top investors have increased their holdings in PepsiCo Inc. (PEP), indicating strong confidence in the company's defensive earnings profile and global brand strength [1][2][3][4][5][6][7][8] Investor Activity - AQR Capital Management LLC (Cliff Asness) significantly increased its position by 3,235,726 shares, bringing the total to 5,916,417 shares valued at $0.83 billion, reflecting strong quantitative conviction in PepsiCo's cash flow generation and pricing power [1] - Fisher Asset Management, LLC (Ken Fisher) added 155,636 shares to reach a total of 8,112,038 shares valued at $1.14 billion, reinforcing a preference for globally dominant franchises with consistent earnings [2] - Gotham Asset Management, LLC (Joel Greenblatt) increased its stake by 50,132 shares to a total of 120,464 shares valued at $0.02 billion, aligning with a value-driven perspective on PepsiCo's high-quality business [3] - Bridgewater Associates, LP (Ray Dalio) modestly increased its position by 5,570 shares to 83,180 shares valued at $0.01 billion, consistent with exposure to non-cyclical companies [4] - Grantham, Mayo, Van Otterloo & Co. LLC (Jeremy Grantham) added 3,485 shares, bringing the total to 60,248 shares valued at $0.01 billion, reflecting selective confidence in PepsiCo's brand equity [5] - GAMCO Investors, Inc. et al. (Mario Gabelli) made a small addition of 519 shares, totaling 68,543 shares valued at $0.01 billion, consistent with a focus on durable consumer franchises [6] New Positions - Point72 Asset Management, L.P. (Steve Cohen) initiated a new position with 142,402 shares valued at $0.02 billion, indicating tactical interest in PepsiCo's earnings stability [7] - Maverick Capital Ltd (Lee Ainslie) established a new stake with 16,067 shares, reflecting confidence in PepsiCo's ability to deliver steady compounding returns [8]