Papa John's

PZZA

Market cap $1.1B

PZZA Hedge Fund Activity: Q1 2026 in Review

246 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Papa John's (PZZA) for Q1 2026, worth a combined $1.09B — down 18% from $1.34B a quarter earlier.

Sellers outnumbered buyers: 59 funds closed out of PZZA and 47 opened new positions — a net loss of 12 holders — while 65 trimmed existing stakes and 95 added.

The largest buyer was Brandes Investment Partners, adding an estimated $78.5M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $63.8M sold.

• 246 institutional investors held Papa John's (PZZA) as of Q1 2026, down from 264 in Q4 2025.
• Funds reported $1.09B of Papa John's stock for Q1 2026, down 18% quarter-over-quarter.
• 47 funds opened new Papa John's positions in Q1 2026 and 59 closed out, a net change of -12 holders.
• The largest Papa John's buyer in Q1 2026 was Brandes Investment Partners, an estimated $78.5M added.
• The largest Papa John's seller in Q1 2026 was DePrince Race & Zollo Inc (DRZ), an estimated $63.8M sold.

Based on aggregated 13F filings for Q1 2026.