Papa John's
PZZA
219 hedge funds and large institutions have $1.74B invested in Papa John's in 2019 Q3 according to their latest regulatory filings, with 54 funds opening new positions, 59 increasing their positions, 68 reducing their positions, and 33 closing their positions.
64% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 33
32% more capital invested
Capital invested by funds: $1.32B → $1.74B (+$419M)
11.54% more ownership
Funds ownership: 93% → 104.55% (+12%)
11% more funds holding
Funds holding: 198 → 219 (+21)
13% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 68
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
60% less call options, than puts
Call options by funds: $145M | Put options by funds: $362M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$132M |
| 2 |
Renaissance Technologies
New York
|
+$27.5M |
| 3 |
Westfield Capital Management
Boston,
Massachusetts
|
+$23.2M |
| 4 |
DCM
Dorsal Capital Management
Redwood City,
California
|
+$16.5M |
| 5 |
Citigroup
New York
|
+$14.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bares Capital Management
Austin,
Texas
|
-$20M |
| 2 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$20M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$19.3M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$16.4M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$15.7M |
PZZA Hedge Fund Activity: Q3 2019 in Review
219 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Papa John's (PZZA) for Q3 2019, worth a combined $1.74B — up 32% from $1.32B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new PZZA positions and 33 closed out — a net gain of 21 holders — while 59 added to existing stakes and 68 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $132M. The largest seller was Bares Capital Management, cutting an estimated $20M.
- 219 institutional investors held Papa John's (PZZA) as of Q3 2019, up from 198 in Q2 2019.
- Funds reported $1.74B of Papa John's stock for Q3 2019, up 32% quarter-over-quarter.
- 54 funds opened new Papa John's positions in Q3 2019 and 33 closed out, a net change of +21 holders.
- The largest Papa John's buyer in Q3 2019 was AllianceBernstein, an estimated $132M added.
- The largest Papa John's seller in Q3 2019 was Bares Capital Management, an estimated $20M sold.
Based on aggregated 13F filings for Q3 2019.