Papa John's
PZZA
260 hedge funds and large institutions have $2.63B invested in Papa John's in 2023 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 85 increasing their positions, 118 reducing their positions, and 39 closing their positions.
3.88% more ownership
Funds ownership: 105.01% → 108.89% (+3.9%)
4% less capital invested
Capital invested by funds: $2.73B → $2.63B (-$103M)
3% less funds holding
Funds holding: 269 → 260 (-9)
21% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 39
28% less repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 118
56% less call options, than puts
Call options by funds: $64.8M | Put options by funds: $147M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EARNEST Partners
Atlanta,
Georgia
|
+$33.5M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$23.3M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$17.2M |
| 4 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
+$16.4M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$15.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Starboard Value
New York
|
-$29.7M |
| 2 |
Millennium Management
New York
|
-$29.6M |
| 3 |
BlackRock
New York
|
-$18.4M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$16.4M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$15.6M |
PZZA Hedge Fund Activity: Q2 2023 in Review
260 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Papa John's (PZZA) for Q2 2023, worth a combined $2.63B — down 3.8% from $2.73B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of PZZA and 31 opened new positions — a net loss of 8 holders — while 118 trimmed existing stakes and 85 added.
The largest buyer was EARNEST Partners, adding an estimated $33.5M. The largest seller was Starboard Value, cutting an estimated $29.7M.
- 260 institutional investors held Papa John's (PZZA) as of Q2 2023, down from 269 in Q1 2023.
- Funds reported $2.63B of Papa John's stock for Q2 2023, down 3.8% quarter-over-quarter.
- 31 funds opened new Papa John's positions in Q2 2023 and 39 closed out, a net change of -8 holders.
- The largest Papa John's buyer in Q2 2023 was EARNEST Partners, an estimated $33.5M added.
- The largest Papa John's seller in Q2 2023 was Starboard Value, an estimated $29.7M sold.
Based on aggregated 13F filings for Q2 2023.