El Pollo Loco
LOCO
114 hedge funds and large institutions have $206M invested in El Pollo Loco in 2023 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 30 increasing their positions, 53 reducing their positions, and 38 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
5.4% more ownership
Funds ownership: 64.61% → 70% (+5.4%)
1% more capital invested
Capital invested by funds: $204M → $206M (+$2.28M)
16% less funds holding
Funds holding: 136 → 114 (-22)
43% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 53
55% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 38
66% less call options, than puts
Call options by funds: $364K | Put options by funds: $1.06M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$33.8M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$4.87M |
| 3 |
Millennium Management
New York
|
+$2.95M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$2.81M |
| 5 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$2.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$16.6M |
| 2 |
Bank of New York Mellon
New York
|
-$5.39M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$4.67M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$3.78M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$2.66M |
LOCO Hedge Fund Activity: Q3 2023 in Review
114 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in El Pollo Loco (LOCO) for Q3 2023, worth a combined $206M — up 1.1% from $204M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of LOCO and 17 opened new positions — a net loss of 21 holders — while 53 trimmed existing stakes and 30 added.
The largest buyer was Biglari Capital Corp, adding an estimated $33.8M. The largest seller was BlackRock, cutting an estimated $16.6M.
- 114 institutional investors held El Pollo Loco (LOCO) as of Q3 2023, down from 136 in Q2 2023.
- Funds reported $206M of El Pollo Loco stock for Q3 2023, up 1.1% quarter-over-quarter.
- 17 funds opened new El Pollo Loco positions in Q3 2023 and 38 closed out, a net change of -21 holders.
- The largest El Pollo Loco buyer in Q3 2023 was Biglari Capital Corp, an estimated $33.8M added.
- The largest El Pollo Loco seller in Q3 2023 was BlackRock, an estimated $16.6M sold.
Based on aggregated 13F filings for Q3 2023.