River Road Asset Management’s Papa John's PZZA Stock Holding History

River Road Asset 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 Q4	–	Sell	-127,270	Closed	-$6.13M	–	186
2025 Q3	$6.13M	Sell	127,270 -429,300	-77%	-$19.9M	0.07%	161
2025 Q2	$23.6M	Sell	556,570 -1,278,501	-70%	-$52.2M	0.3%	95
2025 Q1	$75.4M	Sell	1,835,071 -303,013	-14%	-$12.9M	1.03%	31
2024 Q4	$87.8M	Sell	2,138,084 -147,581	-6%	-$7.25M	1.17%	27
2024 Q3	$123M	Buy	2,285,665 +1,070,485	+88%	+$49.3M	1.61%	12
2024 Q2	$57.1M	Buy	+1,215,180	New	+$66.5M	0.82%	42
2018 Q2	–	Sell	-6,162	Closed	-$353K	–	175
2018 Q1	$353K	Sell	6,162 -4,061	-40%	-$243K	0.01%	150
2017 Q4	$574K	Buy	+10,223	New	+$636K	0.01%	145

Other funds holding PZZA

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

EARNEST Partners Atlanta, Georgia $27.7B AUM 52.44% 1-Year Est. Return

DRZID

DePrince Race & Zollo Inc (DRZ) Winter Park, Florida $5.96B AUM 38.5% 1-Year Est. Return

ICM

Irth Capital Management New York $59.9M AUM 24.87% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

SEI Investments Oaks, Pennsylvania $113B AUM 34.64% 1-Year Est. Return

SBH

Segall Bryant & Hamill Chicago, Illinois $8.43B AUM 52.02% 1-Year Est. Return

Woodline Partners San Francisco, California $32.4B AUM 58.5% 1-Year Est. Return

River Road Asset Management's PZZA Position: Q4 2025 in Review

River Road Asset Management sold out of Papa John's (PZZA) in Q4 2025, closing a stake of 127,270 shares — an estimated $6.13M sold.

River Road Asset Management first reported a position in PZZA in Q4 2017 and held it in 8 quarters. The position peaked at $123M in Q3 2024. 265 funds tracked by Wall St. Rank hold PZZA as of Q4 2025.

River Road Asset Management reported no remaining Papa John's position as of Q4 2025 after selling out during the quarter.
River Road Asset Management sold 127,270 Papa John's shares in Q4 2025, an estimated $6.13M.
River Road Asset Management first reported a position in Papa John's in Q4 2017 and held it in 8 quarters.
River Road Asset Management's Papa John's position peaked at $123M in Q3 2024.
265 funds tracked by Wall St. Rank held Papa John's as of Q4 2025.

Based on River Road Asset Management's 13F filing for Q4 2025, filed 24 Feb 2026.