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Dark Forest Capital Management’s Papa John's PZZA Stock Holding History

Dark Forest Capital Management’s Portfolio PZZA Stock Details PZZA Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q3 		– Sell
-19,272
Closed -$943K – 1423
2025
Q2 		$943K Buy
19,272
+1,618
+9% +$66K 0.04% 755
2025
Q1 		$725K Buy
17,654
+10,669
+153% +$456K 0.03% 812
2024
Q4 		$287K Buy
6,985
+2,396
+52% +$118K 0.04% 686
2024
Q3 		$247K Buy
+4,589
New +$211K 0.03% 755
2023
Q3 		– Sell
-64,645
Closed -$4.77M – 1276
2023
Q2 		$4.77M Buy
+64,645
New +$4.8M 0.44% 15
2022
Q2 		– Sell
-76
Closed -$8K – 1283
2022
Q1 		$8K Buy
+76
New +$8.51K ﹤0.01% 1046
2021
Q3 		– Sell
-1,732
Closed -$181K – 1490
2021
Q2 		$181K Buy
+1,732
New +$168K 0.08% 201

Other funds holding PZZA

BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return
ICM
Irth Capital Management New York $52.8M AUM 21.11% 1-Year Est. Return
EARNEST Partners
EARNEST Partners Atlanta, Georgia $24.3B AUM 34.41% 1-Year Est. Return
DRZID
DePrince Race & Zollo Inc (DRZ) Winter Park, Florida $5.29B AUM 20.14% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
SBH
Segall Bryant & Hamill Chicago, Illinois $6.98B AUM 34.78% 1-Year Est. Return
Arrowstreet Capital
Arrowstreet Capital Boston, Massachusetts $185B AUM 39.58% 1-Year Est. Return
ICM
Irenic Capital Management New York $1.54B AUM 12.79% 1-Year Est. Return

Dark Forest Capital Management's PZZA Position: Q3 2025 in Review

Dark Forest Capital Management sold out of Papa John's (PZZA) in Q3 2025, closing a stake of 19,272 shares — an estimated $943K sold.

Dark Forest Capital Management first reported a position in PZZA in Q2 2021 and held it in 7 quarters. The position peaked at $4.77M in Q2 2023. 272 funds tracked by Wall St. Rank hold PZZA as of Q3 2025.

  • Dark Forest Capital Management reported no remaining Papa John's position as of Q3 2025 after selling out during the quarter.
  • Dark Forest Capital Management sold 19,272 Papa John's shares in Q3 2025, an estimated $943K.
  • Dark Forest Capital Management first reported a position in Papa John's in Q2 2021 and held it in 7 quarters.
  • Dark Forest Capital Management's Papa John's position peaked at $4.77M in Q2 2023.
  • 272 funds tracked by Wall St. Rank held Papa John's as of Q3 2025.

Based on Dark Forest Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.