Papa John's
PZZA
178 hedge funds and large institutions have $1.5B invested in Papa John's in 2014 Q4 according to their latest regulatory filings, with 46 funds opening new positions, 39 increasing their positions, 74 reducing their positions, and 24 closing their positions.
92% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 24
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
38% more capital invested
Capital invested by funds: $1.09B → $1.5B (+$417M)
13% more funds holding
Funds holding: 158 → 178 (+20)
41% less call options, than puts
Call options by funds: $1.79M | Put options by funds: $3.06M
47% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 74
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$36.4M |
| 2 |
Westfield Capital Management
Boston,
Massachusetts
|
+$15M |
| 3 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$14M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$13.7M |
| 5 |
DKCM
Davidson Kempner Capital Management
New York
|
+$12.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bares Capital Management
Austin,
Texas
|
-$33.2M |
| 2 |
EIP
Epoch Investment Partners
New York
|
-$18.7M |
| 3 |
Renaissance Technologies
New York
|
-$14.6M |
| 4 |
Millennium Management
New York
|
-$12.4M |
| 5 |
AC
Ascend Capital
Orinda,
California
|
-$10.1M |
PZZA Hedge Fund Activity: Q4 2014 in Review
178 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Papa John's (PZZA) for Q4 2014, worth a combined $1.5B — up 38% from $1.09B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new PZZA positions and 24 closed out — a net gain of 22 holders — while 39 added to existing stakes and 74 trimmed.
The largest buyer was American Century Companies, adding an estimated $36.4M. The largest seller was Bares Capital Management, exiting entirely with an estimated $33.2M sold.
- 178 institutional investors held Papa John's (PZZA) as of Q4 2014, up from 158 in Q3 2014.
- Funds reported $1.5B of Papa John's stock for Q4 2014, up 38% quarter-over-quarter.
- 46 funds opened new Papa John's positions in Q4 2014 and 24 closed out, a net change of +22 holders.
- The largest Papa John's buyer in Q4 2014 was American Century Companies, an estimated $36.4M added.
- The largest Papa John's seller in Q4 2014 was Bares Capital Management, an estimated $33.2M sold.
Based on aggregated 13F filings for Q4 2014.