Papa John's
PZZA
228 hedge funds and large institutions have $2.13B invested in Papa John's in 2019 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 80 increasing their positions, 71 reducing their positions, and 33 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 6 → 9 (+3)
45% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 33
22% more capital invested
Capital invested by funds: $1.74B → $2.13B (+$390M)
13% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 71
4% more funds holding
Funds holding: 219 → 228 (+9)
1.04% more ownership
Funds ownership: 104.55% → 105.59% (+1%)
34% less call options, than puts
Call options by funds: $97.1M | Put options by funds: $147M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$49.8M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$29.8M |
| 3 |
DCM
Dorsal Capital Management
Redwood City,
California
|
+$26.6M |
| 4 |
Two Sigma Investments
New York
|
+$22.5M |
| 5 |
Westfield Capital Management
Boston,
Massachusetts
|
+$20.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
-$90.4M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$32.2M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$30.3M |
| 4 |
BCM
Bares Capital Management
Austin,
Texas
|
-$16.1M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$14.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CEP
251
Chicago Equity Partners
Chicago,
Illinois
| – | -$296K | -5,660 | Closed |
|
|
TI
252
Trexquant Investment
Stamford,
Connecticut
| – | -$268K | -5,123 | Closed |
|
|
II
253
Inspire Investing
Meridian,
Idaho
| – | -$219K | -4,189 | Closed |
|
|
AWM
254
AE Wealth Management
Topeka,
Kansas
| – | -$210K | -4,004 | Closed |
|
|
FIA
255
FNY Investment Advisers
New York
| – | -$71K | -1,358 | Closed |
|
|
FCH
256
Freestone Capital Holdings
Seattle,
Washington
| – | -$21K | -1,200 | Closed |
|
|
CIAS
257
Capital Investment Advisory Services
Raleigh,
North Carolina
| – | -$16K | -300 | Closed |
|
258
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$5K | -100 | Closed |
|
|
HIA
259
Harbor Investment Advisory
Lutherville,
Maryland
| – | +$59 | +1 | New |
|
|
PA
260
Procyon Advisors
Shelton,
Connecticut
| – | +$296 | +5 | New |
|
PZZA Hedge Fund Activity: Q4 2019 in Review
228 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Papa John's (PZZA) for Q4 2019, worth a combined $2.13B — up 22% from $1.74B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new PZZA positions and 33 closed out — a net gain of 15 holders — while 80 added to existing stakes and 71 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $49.8M. The largest seller was Legion Partners Asset Management, exiting entirely with an estimated $90.4M sold.
- 228 institutional investors held Papa John's (PZZA) as of Q4 2019, up from 219 in Q3 2019.
- Funds reported $2.13B of Papa John's stock for Q4 2019, up 22% quarter-over-quarter.
- 48 funds opened new Papa John's positions in Q4 2019 and 33 closed out, a net change of +15 holders.
- The largest Papa John's buyer in Q4 2019 was T. Rowe Price Associates, an estimated $49.8M added.
- The largest Papa John's seller in Q4 2019 was Legion Partners Asset Management, an estimated $90.4M sold.
Based on aggregated 13F filings for Q4 2019.