Papa John's
PZZA
269 hedge funds and large institutions have $2.73B invested in Papa John's in 2023 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 99 increasing their positions, 90 reducing their positions, and 33 closing their positions.
39% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 33
10% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 90
3% more funds holding
Funds holding: 260 → 269 (+9)
1.28% less ownership
Funds ownership: 106.29% → 105.01% (-1.3%)
10% less capital invested
Capital invested by funds: $3.04B → $2.73B (-$307M)
61% less call options, than puts
Call options by funds: $28.3M | Put options by funds: $73M
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$76.3M |
| 2 |
EARNEST Partners
Atlanta,
Georgia
|
+$73.4M |
| 3 |
SEI Investments
Oaks,
Pennsylvania
|
+$22.7M |
| 4 |
JP Morgan Chase
New York
|
+$19.6M |
| 5 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$18.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Starboard Value
New York
|
-$184M |
| 2 |
JSP
Jackson Square Partners
Larkspur,
California
|
-$69.7M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$36.1M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$26M |
| 5 |
BlackRock
New York
|
-$19.5M |
PZZA Hedge Fund Activity: Q1 2023 in Review
269 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Papa John's (PZZA) for Q1 2023, worth a combined $2.73B — down 10% from $3.04B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new PZZA positions and 33 closed out — a net gain of 13 holders — while 99 added to existing stakes and 90 trimmed.
The largest buyer was Bank of America, adding an estimated $76.3M. The largest seller was Starboard Value, cutting an estimated $184M.
- 269 institutional investors held Papa John's (PZZA) as of Q1 2023, up from 260 in Q4 2022.
- Funds reported $2.73B of Papa John's stock for Q1 2023, down 10% quarter-over-quarter.
- 46 funds opened new Papa John's positions in Q1 2023 and 33 closed out, a net change of +13 holders.
- The largest Papa John's buyer in Q1 2023 was Bank of America, an estimated $76.3M added.
- The largest Papa John's seller in Q1 2023 was Starboard Value, an estimated $184M sold.
Based on aggregated 13F filings for Q1 2023.