KAVL · Kaival Brands Innovations Group, Inc. · Holdings
Substantial doubt about the company's ability to continue as a going concern.
“We will need significant additional funds to satisfy our outstanding payables, fund our working capital, and fully implement our business plan. U.S. distribution of BIDI® Stick products has ceased. Our ability to continue as a going concern depends on royalty receipts under the PMI License Agreement and our ability to raise additional capital. FDA marketing-denial orders applicable to Bidi's products and the ITC patent proceeding involving those products may continue to affect royalty receipts. All of these factors raise substantial doubt regarding our ability to continue as a going concern.”View the 10-Q filed Sep 14, 2026
One customer — 21% of revenue (the year ended October 31, 2024)
“For the year then ended October 31, 2024, (i) 21% or $1,236,491 of the revenue from the sale of Products, solely consisting of the BIDI® Stick, was generated from QuikTrip Corporation”
One customer — 12% of revenue (the year ended October 31, 2024)
“(ii) 12% or $678,562 was generated from GPM Investments, LLC”
One customer — 11% of revenue (the year ended October 31, 2024)
“(iii) 11% or $655,583 was generated from FAVS Business, LLC”
One customer — 100% of receivables (as of October 31, 2024)
“QuikTrip Corporation with an outstanding balance of $205 accounted for 100% of the total accounts receivable from customers as of October 31, 2024.”
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Institutional Ownership Trend
Holder Concentration
Across 10 13F filers · Δ vs Jun 30, 2025Quarterly Activity
Top Buyers
vs Jun 30, 2025| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Mega VANGUARD GROUP INC | +40,347 | 51,436 | |
| Mega GEODE CAPITAL MANAGEMENT, LLC | +1,005 | 42,905 | |
| Mega BANK OF AMERICA CORP /DE/ | +2 | 47 |
Top Sellers
vs Jun 30, 2025| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Mega CITIGROUP INC | −96 | 1,563 |
Top New Positions
vs Jun 30, 2025| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Mega TWO SIGMA INVESTMENTS, LP | 32,552 | $13,932 | |
| Small StoneX Group Inc. | 10,011 | $4,284 | |
| Large MAI Capital Management | 20 | $8 |
Top Sold-Out Positions
vs Jun 30, 2025| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Mega UBS Group AG | 63,970 | $31,601 | |
| Small TWO SIGMA SECURITIES, LLC | 13,212 | $6,526 | |
| — PROEQUITIES, INC. | 0 | $0 |
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Mega VANGUARD GROUP INC | $22,013 | 36.97% | 51,436 | Shares | 2025-11-07 | |
| Mega GEODE CAPITAL MANAGEMENT, LLC | $18,362 | 30.84% | 42,905 | Shares | 2025-11-12 | |
| Mega TWO SIGMA INVESTMENTS, LP | $13,932 | 23.40% | 32,552 | Shares | 2025-11-14 | |
| Small StoneX Group Inc. | $4,284 | 7.20% | 10,011 | Shares | 2025-11-14 | |
| Mega CITIGROUP INC | $668 | 1.12% | 1,563 | Shares | 2025-11-10 | |
| Mid SBI Securities Co., Ltd. Broker-Dealer | $164 | 0.28% | 384 | Shares | 2025-11-05 | |
| Mid Larson Financial Group LLC | $79 | 0.13% | 185 | Shares | 2025-11-14 | |
| Mega BANK OF AMERICA CORP /DE/ Bank | $19 | 0.03% | 47 | Shares | 2026-02-03 | |
| Large Federation des caisses Desjardins du Quebec | $9 | 0.02% | 22 | Shares | 2025-11-14 | |
| Large MAI Capital Management | $8 | 0.01% | 20 | Shares | 2025-11-10 |