Papa John's
PZZA
265 hedge funds and large institutions have $1.59B invested in Papa John's in 2025 Q1 according to their latest regulatory filings, with 64 funds opening new positions, 90 increasing their positions, 79 reducing their positions, and 54 closing their positions.
103% more call options, than puts
Call options by funds: $129M | Put options by funds: $63.7M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
19% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 54
14% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 79
3% more funds holding
Funds holding: 257 → 265 (+8)
5% less capital invested
Capital invested by funds: $1.68B → $1.59B (-$87.8M)
6.64% less ownership
Funds ownership: 125.11% → 118.46% (-6.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$34.8M |
| 2 |
Morgan Stanley
New York
|
+$32.6M |
| 3 |
Millennium Management
New York
|
+$19.8M |
| 4 |
NW
NewEdge Wealth
Pittsburgh,
Pennsylvania
|
+$14.9M |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
+$14.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
-$47.5M |
| 2 |
EARNEST Partners
Atlanta,
Georgia
|
-$44.9M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$31.6M |
| 4 |
SEI Investments
Oaks,
Pennsylvania
|
-$28.1M |
| 5 |
OCAM
Owl Creek Asset Management
New York
|
-$22.2M |
PZZA Hedge Fund Activity: Q1 2025 in Review
265 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Papa John's (PZZA) for Q1 2025, worth a combined $1.59B — down 5.2% from $1.68B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new PZZA positions and 54 closed out — a net gain of 10 holders — while 90 added to existing stakes and 79 trimmed.
The largest buyer was Fidelity International, adding an estimated $34.8M. The largest seller was Stephens Investment Management Group, exiting entirely with an estimated $47.5M sold.
- 265 institutional investors held Papa John's (PZZA) as of Q1 2025, up from 257 in Q4 2024.
- Funds reported $1.59B of Papa John's stock for Q1 2025, down 5.2% quarter-over-quarter.
- 64 funds opened new Papa John's positions in Q1 2025 and 54 closed out, a net change of +10 holders.
- The largest Papa John's buyer in Q1 2025 was Fidelity International, an estimated $34.8M added.
- The largest Papa John's seller in Q1 2025 was Stephens Investment Management Group, an estimated $47.5M sold.
Based on aggregated 13F filings for Q1 2025.