Papa John's
PZZA
270 hedge funds and large institutions have $2.24B invested in Papa John's in 2024 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 89 increasing their positions, 82 reducing their positions, and 40 closing their positions.
73% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 40
20% more capital invested
Capital invested by funds: $1.88B → $2.24B (+$369M)
12% more funds holding
Funds holding: 241 → 270 (+29)
6.6% more ownership
Funds ownership: 121.05% → 127.65% (+6.6%)
9% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 82
5% less call options, than puts
Call options by funds: $287M | Put options by funds: $303M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$49.3M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$30.8M |
| 3 |
OCAM
Owl Creek Asset Management
New York
|
+$30.7M |
| 4 |
EARNEST Partners
Atlanta,
Georgia
|
+$18M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$14.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$93.6M |
| 2 |
Jane Street
New York
|
-$60.4M |
| 3 |
CAC
Cowen and Company
New York
|
-$32.7M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$7.96M |
| 5 |
Goldman Sachs
New York
|
-$7.94M |
PZZA Hedge Fund Activity: Q3 2024 in Review
270 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Papa John's (PZZA) for Q3 2024, worth a combined $2.24B — up 20% from $1.88B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new PZZA positions and 40 closed out — a net gain of 29 holders — while 89 added to existing stakes and 82 trimmed.
The largest buyer was River Road Asset Management, adding an estimated $49.3M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $93.6M sold.
- 270 institutional investors held Papa John's (PZZA) as of Q3 2024, up from 241 in Q2 2024.
- Funds reported $2.24B of Papa John's stock for Q3 2024, up 20% quarter-over-quarter.
- 69 funds opened new Papa John's positions in Q3 2024 and 40 closed out, a net change of +29 holders.
- The largest Papa John's buyer in Q3 2024 was River Road Asset Management, an estimated $49.3M added.
- The largest Papa John's seller in Q3 2024 was 1832 Asset Management, an estimated $93.6M sold.
Based on aggregated 13F filings for Q3 2024.