Starboard Value’s Papa John's PZZA Stock Holding History

Starboard Value’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
2023 Q3	–	Sell	-182,000	Closed	-$13.4M	–	29
2023 Q2	$13.4M	Sell	182,000 -400,432	-69%	-$29.7M	0.29%	20
2023 Q1	$43.6M	Sell	582,432 -2,176,928	-79%	-$184M	0.87%	16
2022 Q4	$227M	Hold	2,759,360	–	–	4.35%	8
2022 Q3	$193M	Hold	2,759,360	–	–	4.25%	8
2022 Q2	$230M	Hold	2,759,360	–	–	4.19%	11
2022 Q1	$291M	Hold	2,759,360	–	–	3.85%	9
2021 Q4	$368M	Hold	2,759,360	–	–	5.1%	8
2021 Q3	$350M	Sell	2,759,360 -700,000	-20%	-$84.7M	6.41%	5
2021 Q2	$361M	Buy	+3,459,360	New	+$336M	7.09%	4

Other funds holding PZZA

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

T. Rowe Price Investment Management Baltimore, Maryland $145B AUM 22.78% 1-Year Est. Return

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

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

EARNEST Partners Atlanta, Georgia $24.3B AUM 34.41% 1-Year Est. Return

AllianceBernstein Nashville, Tennessee $309B AUM 23.92% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

WHG

Westwood Holdings Group Dallas, Texas $13.7B AUM 21.48% 1-Year Est. Return

Starboard Value's PZZA Position: Q3 2023 in Review

Starboard Value sold out of Papa John's (PZZA) in Q3 2023, closing a stake of 182,000 shares — an estimated $13.4M sold.

Starboard Value first reported a position in PZZA in Q2 2021 and held it in 9 quarters. The position peaked at $368M in Q4 2021. 269 funds tracked by Wall St. Rank hold PZZA as of Q3 2023.

Starboard Value reported no remaining Papa John's position as of Q3 2023 after selling out during the quarter.
Starboard Value sold 182,000 Papa John's shares in Q3 2023, an estimated $13.4M.
Starboard Value first reported a position in Papa John's in Q2 2021 and held it in 9 quarters.
Starboard Value's Papa John's position peaked at $368M in Q4 2021.
269 funds tracked by Wall St. Rank held Papa John's as of Q3 2023.

Based on Starboard Value's 13F filing for Q3 2023, filed 14 Nov 2023.