Papa John's
PZZA
258 hedge funds and large institutions have $1.38B invested in Papa John's in 2026 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 93 increasing their positions, 75 reducing their positions, and 33 closing their positions.
48% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 33
27% more capital invested
Capital invested by funds: $1.09B → $1.38B (+$290M)
24% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 75
11.84% more ownership
Funds ownership: 102.42% → 114.26% (+12%)
4% more funds holding
Funds holding: 248 → 258 (+10)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
13% less call options, than puts
Call options by funds: $104M | Put options by funds: $119M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EARNEST Partners
Atlanta,
Georgia
|
+$34.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$27M |
| 3 |
SEI Investments
Oaks,
Pennsylvania
|
+$19.6M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$14.3M |
| 5 |
MG
Marex Group
London,
|
+$13.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$8.8M |
| 2 |
WP
Woodline Partners
San Francisco,
California
|
-$8.47M |
| 3 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$6.3M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$4.2M |
| 5 |
Group One Trading
Chicago,
Illinois
|
-$3.9M |
PZZA Hedge Fund Activity: Q2 2026 in Review
258 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Papa John's (PZZA) for Q2 2026, worth a combined $1.38B — up 27% from $1.09B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new PZZA positions and 33 closed out — a net gain of 16 holders — while 93 added to existing stakes and 75 trimmed.
The largest buyer was EARNEST Partners, adding an estimated $34.1M. The largest seller was Citadel Advisors, exiting entirely with an estimated $8.8M sold.
- 258 institutional investors held Papa John's (PZZA) as of Q2 2026, up from 248 in Q1 2026.
- Funds reported $1.38B of Papa John's stock for Q2 2026, up 27% quarter-over-quarter.
- 49 funds opened new Papa John's positions in Q2 2026 and 33 closed out, a net change of +16 holders.
- The largest Papa John's buyer in Q2 2026 was EARNEST Partners, an estimated $34.1M added.
- The largest Papa John's seller in Q2 2026 was Citadel Advisors, an estimated $8.8M sold.
Based on aggregated 13F filings for Q2 2026.