Papa John's
PZZA
209 hedge funds and large institutions have $1.34B invested in Papa John's in 2018 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 55 increasing their positions, 81 reducing their positions, and 40 closing their positions.
149% more call options, than puts
Call options by funds: $189M | Put options by funds: $75.9M
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
1% less funds holding
Funds holding: 211 → 209 (-2)
5% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 40
5.28% less ownership
Funds ownership: 87.11% → 81.83% (-5.3%)
20% less capital invested
Capital invested by funds: $1.67B → $1.34B (-$338M)
32% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 81
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bares Capital Management
Austin,
Texas
|
+$77.7M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$16.7M |
| 3 |
AC
Armistice Capital
New York
|
+$14M |
| 4 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$11.2M |
| 5 |
CCPM
Cooper Creek Partners Management
New York
|
+$10.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
-$157M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$95.1M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$40.9M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$18M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$17.8M |
PZZA Hedge Fund Activity: Q2 2018 in Review
209 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Papa John's (PZZA) for Q2 2018, worth a combined $1.34B — down 20% from $1.67B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of PZZA and 38 opened new positions — a net loss of 2 holders — while 81 trimmed existing stakes and 55 added.
The largest buyer was Bares Capital Management, opening a new position worth an estimated $77.7M. The largest seller was Eminence Capital, exiting entirely with an estimated $157M sold.
- 209 institutional investors held Papa John's (PZZA) as of Q2 2018, down from 211 in Q1 2018.
- Funds reported $1.34B of Papa John's stock for Q2 2018, down 20% quarter-over-quarter.
- 38 funds opened new Papa John's positions in Q2 2018 and 40 closed out, a net change of -2 holders.
- The largest Papa John's buyer in Q2 2018 was Bares Capital Management, an estimated $77.7M added.
- The largest Papa John's seller in Q2 2018 was Eminence Capital, an estimated $157M sold.
Based on aggregated 13F filings for Q2 2018.