Driehaus Capital Management 13F: Adds $37M to COCO Stake

Driehaus Capital Grows Position in The Vita Coco Company

Driehaus Capital Management lifted its stake in The Vita Coco Company, Inc. (NasdaqGS: COCO) by 50.2% during the period ended May 15, 2026, according to a Form 13F filing with the Securities and Exchange Commission. The fund added 509,411 shares to its portfolio, bringing its total ownership to 1,523,647 shares. Based on the filing details, that block of shares carried an estimated value of about $110.5 million. Because 13F filings look backward at past quarters, this report reflects holdings as of that May date and might not match the firm's exact share count today.

How COCO Shares Have Traveled Since May

Following that spring reporting window, shares of The Vita Coco Company have seen plenty of action on the open market, recently trading near $72.53. That puts the stock well above its 52-week low of $39.46 while staying below its peak of $85.83. Investors tracking technical trends note the equity has moved past both its 50-day moving average of $59.02 and its 200-day moving average of $61.49 as the beverage maker commands a market capitalization near $3.34 billion.

Analysts Set New Price Targets

Wall Street firms have kept a steady eye on the coconut water brand through late summer and early fall. On October 5, 2026, Wells Fargo maintained its Overweight rating while adjusting its price target to $65.00 from $85.00. Earlier, on October 1, 2026, Oppenheimer initiated coverage on the stock with an Outperform rating and a $70.00 price target. Piper Sandler also updated its views across July, August, and September, most recently maintaining an Overweight rating on September 10, 2026, with an $83.00 price target. Overall, the stock carries a consensus Buy rating with a mean price target of $78.60 across ten analyst opinions.

Inside The Vita Coco Company Operations

The Vita Coco Company develops and distributes coconut water, coconut oil, and plant-based drinks under brands like Vita Coco and PWR LIFT, alongside various private-label items for major retailers. Institutional interest remains active as the company expands its footprint across club, grocery, and e-commerce channels.

What to Watch Next for COCO

Market participants will look toward the company's next earnings report scheduled for October 22, 2026, for fresh details on revenue growth and profit margins. As always, quarterly 13F updates provide a helpful window into institutional positioning, though they remain just one piece of a larger puzzle.