Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Papa Johns Intl Inc (PZZA)

245 + Investors. Track Smart Money conviction in PZZA. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -16
Streak
3Q ▼
Buyers last Q
52%

Smart Money Signals — PZZA

Based on 248 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their PZZA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 88% of 3.0Y peak

88% of all-time peak
248 funds currently hold this stock — 88% of the 3.0-year high of 282 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q
23 fewer hedge funds hold PZZA compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 52% buying

147 buying135 selling
Last quarter: 147 funds bought or added vs 135 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~47 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 60 → 47 → 50 → 47. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 25% medium ■ 17% new
144 out of 248 hedge funds have held PZZA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -11%, value -26%

Value
-26%
Shares
-11%
Last quarter: funds added -11% more shares while total portfolio value only changed -26%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~47 new funds/quarter

63 → 60 → 47 → 50 → 47 new funds/Q
New funds entering each quarter: 60 → 47 → 50 → 47. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 65% veterans vs 24% newcomers

■ 65% veterans ■ 11% 1-2yr ■ 24% new
Entry-cohort mix of 270 holders: 175 (65%) are 2+ year veterans, 30 entered 1–2 years ago, and 65 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
47 of 242 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in PZZA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PZZA

In 2026 Q1, 147 hedge funds were net buyers of PZZA (47 opened a new position, 100 added to an existing one), while 135 reduced or exited (72 trimmed, 63 sold completely) — a 52% buyer ratio, indicating a slight buying edge. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 44% of total institutional value in PZZA is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -16 funds (more exits than new entries). Total institutional holders: 248.

Hedge Fund Ownership: PZZA

How many hedge funds hold PZZA — quarterly history vs. share price
Quarterly hedge fund ownership of PZZA vs. share price

Market Analysis: PZZA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PZZA

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

26 top-rated funds 2 high-conviction
Consensus
6.2
/ 10
breadth
×
Elite
2.0
/ 10
conviction
Hedge Fund Positioning: PZZA
2026 Q2 Stats Unlock in 1 days 245 + Investors

Track Smart Money conviction in PZZA. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 245 263 -6.84%
13F Shares 36M 40M -11.1%
Total Value $1.14B $1.55B -26.42%
New Positions 44 50 -6
Increased Positions 94 89 +5
Closed Positions 62 61 +1
Reduced Positions 68 99 -31
Total Calls 15 22 -31.82%
Total Puts 12 12 -
PUT/CALL Ratio 0.8 0.55 Neutral

Statistics: PZZA

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

245 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PZZA. Verified SEC 13F-HR filings.

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 PZZA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Irth Capital Management LP 100.00% 1,628,503 $59.9M
2 Savoir Faire Capital Management, L.P. 2.23% 97,735 $3.6M
3 Quinn Opportunity Partners LLC 1.70% 999,036 $36.7M
4 Greenhouse Funds LLLP 1.39% 740,311 $27.2M
5 Shay Capital LLC 1.07% 450,966 $16.6M
6 Barnett & Company, Inc. 0.82% 30,000 $1.1M
7 Olympiad Research LP 0.73% 9,513 $350K
8 Brandes Investment Partners, LP 0.70% 2,730,683 $100.4M
9 Earnest Partners LLC 0.38% 2,890,502 $106.3M
10 Heartland Advisors Inc 0.37% 228,250 $8.4M
11 Fiduciary Alliance LLC 0.37% 149,285 $5.5M
12 Segall Bryant & Hamill, LLC 0.35% 797,350 $29.3M
13 Great Hill Capital LLC 0.32% 373,486 $13.7M
14 Mill Road Capital Management LLC 0.30% 16,400 $603K
15 K2 Principal Fund, L.P. 0.29% 109,300 $4.0M
16 Long Focus Capital Management, LLC 0.29% 310,622 $11.4M
17 Boothbay Fund Management, LLC 0.24% 495,327 $18.2M
18 Rangeley Capital, LLC 0.24% 7,000 $257K
19 Total Wealth Planning & Management, Inc. 0.22% 8,900 $327K
20 Total Wealth Planning & Management, Inc. 0.22% 8,900 $327K
21 Shay Capital LLC 0.21% 90,000 $3.3M
22 Private Capital Management, LLC 0.21% 64,200 $2.4M
23 Winebrenner Capital Management LLC 0.16% 7,103 $261K
24 K2 Principal Fund, L.P. 0.15% 55,000 $2.0M
25 Headlands Technologies LLC 0.15% 37,783 $1.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Papa Johns Intl Inc (PZZA)

What does the Smart Money Trend signal show for PZZA?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their PZZA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for PZZA?

Slight buying edge — 52% buying: Last quarter: 147 funds bought or added vs 135 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PZZA holders?

Elite ownership — 44% AUM from top-100 funds: 47 of 242 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in PZZA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held PZZA?

58% of holders stayed for 2+ years: 144 out of 248 hedge funds have held PZZA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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