Portillo's
PTLO
173 hedge funds and large institutions have $666M invested in Portillo's in 2023 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 66 increasing their positions, 46 reducing their positions, and 30 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 46
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.82% less ownership
Funds ownership: 82.22% → 78.4% (-3.8%)
7% less funds holding
Funds holding: 186 → 173 (-13)
35% less capital invested
Capital invested by funds: $1.02B → $666M (-$353M)
35% less call options, than puts
Call options by funds: $5M | Put options by funds: $7.75M
37% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
+$10.4M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$7.43M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.94M |
| 4 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
+$6.12M |
| 5 |
BlackRock
New York
|
+$4.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
-$19M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$18.9M |
| 3 |
SC
Samlyn Capital
New York
|
-$16.9M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$7.22M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$7.15M |
PTLO Hedge Fund Activity: Q3 2023 in Review
173 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Portillo's (PTLO) for Q3 2023, worth a combined $666M — down 35% from $1.02B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of PTLO and 19 opened new positions — a net loss of 11 holders — while 46 trimmed existing stakes and 66 added.
The largest buyer was Kornitzer Capital Management, adding an estimated $10.4M. The largest seller was Janus Henderson Group, cutting an estimated $19M.
- 173 institutional investors held Portillo's (PTLO) as of Q3 2023, down from 186 in Q2 2023.
- Funds reported $666M of Portillo's stock for Q3 2023, down 35% quarter-over-quarter.
- 19 funds opened new Portillo's positions in Q3 2023 and 30 closed out, a net change of -11 holders.
- The largest Portillo's buyer in Q3 2023 was Kornitzer Capital Management, an estimated $10.4M added.
- The largest Portillo's seller in Q3 2023 was Janus Henderson Group, an estimated $19M sold.
Based on aggregated 13F filings for Q3 2023.