Portillo's
PTLO
179 hedge funds and large institutions have $497M invested in Portillo's in 2024 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 72 increasing their positions, 42 reducing their positions, and 50 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 42
1.7% more ownership
Funds ownership: 81.35% → 83.06% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
9% less funds holding
Funds holding: 196 → 179 (-17)
16% less capital inflows, than outflows
Capital inflows: $72.6M | Capital outflows: $86.1M
32% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 50
38% less call options, than puts
Call options by funds: $6.24M | Put options by funds: $10M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Engaged Capital
Newport Beach,
California
|
+$8.58M |
| 2 |
BlackRock
New York
|
+$7.72M |
| 3 |
Sirios Capital Management
Boston,
Massachusetts
|
+$6.72M |
| 4 |
Voss Capital
Houston,
Texas
|
+$6.4M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$4.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$13.2M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
-$8.73M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$8.47M |
| 4 |
Silvercrest Asset Management
New York
|
-$8.18M |
| 5 |
William Blair & Company
Chicago,
Illinois
|
-$5.28M |
PTLO Hedge Fund Activity: Q2 2024 in Review
179 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Portillo's (PTLO) for Q2 2024, worth a combined $497M — down 32% from $734M a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of PTLO and 34 opened new positions — a net loss of 16 holders — while 42 trimmed existing stakes and 72 added.
The largest buyer was Engaged Capital, adding an estimated $8.58M. The largest seller was Fidelity Investments, cutting an estimated $13.2M.
- 179 institutional investors held Portillo's (PTLO) as of Q2 2024, down from 196 in Q1 2024.
- Funds reported $497M of Portillo's stock for Q2 2024, down 32% quarter-over-quarter.
- 34 funds opened new Portillo's positions in Q2 2024 and 50 closed out, a net change of -16 holders.
- The largest Portillo's buyer in Q2 2024 was Engaged Capital, an estimated $8.58M added.
- The largest Portillo's seller in Q2 2024 was Fidelity Investments, an estimated $13.2M sold.
Based on aggregated 13F filings for Q2 2024.