Papa John's
PZZA
186 hedge funds and large institutions have $977M invested in Papa John's in 2018 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 53 increasing their positions, 65 reducing their positions, and 54 closing their positions.
102% more call options, than puts
Call options by funds: $134M | Put options by funds: $66.5M
3.36% less ownership
Funds ownership: 81.12% → 77.75% (-3.4%)
10% less funds holding
Funds holding: 206 → 186 (-20)
18% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 65
26% less capital invested
Capital invested by funds: $1.32B → $977M (-$338M)
31% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 54
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$32.6M |
| 2 |
GIP
Granite Investment Partners
El Segundo,
California
|
+$14.6M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$13.4M |
| 4 |
Neuberger Berman Group
New York
|
+$12M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$10.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$27.3M |
| 2 |
CIC
Chilton Investment Company
Stamford,
Connecticut
|
-$24.1M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$20.3M |
| 4 |
KHCM
Kettle Hill Capital Management
New York
|
-$19.3M |
| 5 |
Millennium Management
New York
|
-$11.8M |
PZZA Hedge Fund Activity: Q4 2018 in Review
186 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Papa John's (PZZA) for Q4 2018, worth a combined $977M — down 26% from $1.32B a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of PZZA and 37 opened new positions — a net loss of 17 holders — while 65 trimmed existing stakes and 53 added.
The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $32.6M. The largest seller was Susquehanna International Group, cutting an estimated $27.3M.
- 186 institutional investors held Papa John's (PZZA) as of Q4 2018, down from 206 in Q3 2018.
- Funds reported $977M of Papa John's stock for Q4 2018, down 26% quarter-over-quarter.
- 37 funds opened new Papa John's positions in Q4 2018 and 54 closed out, a net change of -17 holders.
- The largest Papa John's buyer in Q4 2018 was DePrince Race & Zollo Inc (DRZ), an estimated $32.6M added.
- The largest Papa John's seller in Q4 2018 was Susquehanna International Group, an estimated $27.3M sold.
Based on aggregated 13F filings for Q4 2018.