Candlestick Capital Reduces Celsius Holdings Stake

Hedge fund lowers position in energy drink maker by over 59%

Mar. 15, 2026 at 10:37am

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Candlestick Capital Management LP, a hedge fund firm, has reduced its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 59.2% during the third quarter, according to a recent SEC filing. The firm now owns 689,322 shares of the energy drink company's stock, down from over 1 million shares previously.

Why it matters

Celsius has been a high-flying stock in recent years, with the company's energy drinks gaining popularity. Institutional investors like Candlestick Capital closely monitor and trade the stock. This reduction in their position could signal a shift in sentiment around the company's growth prospects.

The details

According to the filing, Candlestick Capital sold 1,002,061 shares of Celsius during the third quarter, leaving it with a remaining stake of 689,322 shares. The hedge fund now owns approximately 0.27% of Celsius, down from 0.66% previously. Celsius comprises around 1% of Candlestick Capital's overall portfolio.

  • Candlestick Capital filed the 13F report disclosing the stake reduction on March 15, 2026.

The players

Candlestick Capital Management LP

A hedge fund firm that has been an institutional investor in Celsius Holdings.

Celsius Holdings Inc.

The company that produces the Celsius brand of energy drinks, which have gained popularity in recent years.

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The takeaway

This reduction in Candlestick Capital's Celsius stake could signal a shift in sentiment around the energy drink maker's growth prospects among some institutional investors. However, the company remains a popular stock with a 'Moderate Buy' rating from analysts.