Portillo's
PTLO
190 hedge funds and large institutions have $248M invested in Portillo's in 2025 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 63 increasing their positions, 54 reducing their positions, and 35 closing their positions.
29% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 35
17% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 54
3% more funds holding
Funds holding: 184 → 190 (+6)
5.55% less ownership
Funds ownership: 81.42% → 75.86% (-5.6%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
34% less capital invested
Capital invested by funds: $377M → $248M (-$129M)
43% less call options, than puts
Call options by funds: $7.9M | Put options by funds: $13.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$11.9M |
| 2 |
Goldman Sachs
New York
|
+$8.61M |
| 3 |
Jane Street
New York
|
+$5.06M |
| 4 |
Renaissance Technologies
New York
|
+$3.6M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Engaged Capital
Newport Beach,
California
|
-$18.4M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$12.7M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
-$7.92M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$6.33M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$3.88M |
PTLO Hedge Fund Activity: Q4 2025 in Review
190 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Portillo's (PTLO) for Q4 2025, worth a combined $248M — down 34% from $377M a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new PTLO positions and 35 closed out — a net gain of 10 holders — while 63 added to existing stakes and 54 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $11.9M. The largest seller was Engaged Capital, cutting an estimated $18.4M.
- 190 institutional investors held Portillo's (PTLO) as of Q4 2025, up from 184 in Q3 2025.
- Funds reported $248M of Portillo's stock for Q4 2025, down 34% quarter-over-quarter.
- 45 funds opened new Portillo's positions in Q4 2025 and 35 closed out, a net change of +10 holders.
- The largest Portillo's buyer in Q4 2025 was Millennium Management, an estimated $11.9M added.
- The largest Portillo's seller in Q4 2025 was Engaged Capital, an estimated $18.4M sold.
Based on aggregated 13F filings for Q4 2025.