Papa John's
PZZA
282 hedge funds and large institutions have $1.77B invested in Papa John's in 2025 Q2 according to their latest regulatory filings, with 64 funds opening new positions, 92 increasing their positions, 91 reducing their positions, and 45 closing their positions.
123% more call options, than puts
Call options by funds: $136M | Put options by funds: $60.8M
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
42% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 45
11% more capital invested
Capital invested by funds: $1.59B → $1.77B (+$180M)
6% more funds holding
Funds holding: 265 → 282 (+17)
1% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 91
7.71% less ownership
Funds ownership: 118.46% → 110.76% (-7.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$41.6M |
| 2 |
WP
Woodline Partners
San Francisco,
California
|
+$33.4M |
| 3 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$20.6M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$18.1M |
| 5 |
Barclays
London,
United Kingdom
|
+$8.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$52.4M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$52.2M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$50.1M |
| 4 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$37.6M |
| 5 |
Morgan Stanley
New York
|
-$20M |
PZZA Hedge Fund Activity: Q2 2025 in Review
282 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Papa John's (PZZA) for Q2 2025, worth a combined $1.77B — up 11% from $1.59B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new PZZA positions and 45 closed out — a net gain of 19 holders — while 92 added to existing stakes and 91 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $41.6M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $52.4M.
- 282 institutional investors held Papa John's (PZZA) as of Q2 2025, up from 265 in Q1 2025.
- Funds reported $1.77B of Papa John's stock for Q2 2025, up 11% quarter-over-quarter.
- 64 funds opened new Papa John's positions in Q2 2025 and 45 closed out, a net change of +19 holders.
- The largest Papa John's buyer in Q2 2025 was Victory Capital Management, an estimated $41.6M added.
- The largest Papa John's seller in Q2 2025 was T. Rowe Price Investment Management, an estimated $52.4M sold.
Based on aggregated 13F filings for Q2 2025.