Candlestick Capital Trims Starbucks Stake

Hedge fund reduces position in coffee giant by over 90% in Q3

Mar. 15, 2026 at 10:37am

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Candlestick Capital Management LP decreased its position in Starbucks Corporation (NASDAQ:SBUX) by 90.6% during the third quarter, according to a recent SEC filing. The fund owned 80,542 shares of the coffee company's stock after selling 778,825 shares during the quarter. Candlestick Capital Management's holdings in Starbucks were worth $6,814,000 as of its most recent SEC filing.

Why it matters

This move by Candlestick Capital, a prominent hedge fund, could signal a shift in investor sentiment around Starbucks. The significant reduction in the fund's position may indicate concerns about the company's future performance or broader market conditions.

The details

According to the SEC filing, Candlestick Capital Management sold off the majority of its Starbucks shares during the third quarter, reducing its position by over 90%. The fund now holds just 80,542 shares of the coffee company's stock, down from a previous holding of 778,825 shares.

  • Candlestick Capital Management filed the SEC report detailing the position change in the third quarter of 2026.

The players

Candlestick Capital Management LP

A hedge fund that has significantly reduced its position in Starbucks Corporation.

Starbucks Corporation

A global coffeehouse chain and roaster that operates, licenses, and franchises coffee shops and related retail businesses.

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The takeaway

The substantial reduction in Candlestick Capital's Starbucks holdings could signal broader concerns about the coffee giant's future performance or the overall market conditions. Investors will be closely watching to see if other major institutional investors follow suit or if Starbucks can regain their confidence.