Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

PAPA JOHNS INTL INC (PZZA)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -9
Streak
2Q ▼
Buyers last Q
45%

Smart Money Signals — PZZA

Based on 250 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 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 — 94% of 3.0Y peak

94% of all-time peak
250 funds currently hold this stock — 94% of the 3.0-year high of 267 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding PZZA is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 45% buying

133 buying162 selling
Last quarter: 162 funds reduced or exited vs 133 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~48 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 61 → 57 → 44 → 48. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

61% of holders stayed for 2+ years

61% conviction (2yr+) 23% medium 16% new
153 out of 250 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 +1%, value -19%

Value
-18%
Shares
+1%
Last quarter: funds added +1% more shares while total portfolio value only changed -19%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

43 → 61 → 57 → 44 → 48 new funds/Q
New funds entering each quarter: 61 → 57 → 44 → 48. PZZA is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 67% of holders stayed 2+ years

67% veterans 10% 1-2yr 22% new
Of 278 current holders: 187 (67%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
37 of 250 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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.

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

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

47 top-rated funds 2 high-conviction
Consensus
7.3
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: PZZA
2026 Q1 Stats Unlock in 20 days 278 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 278 279 -0.36%
13F Shares 40M 39M 1.36%
Total Value $1.54B $1.89B -18.67%
New Positions 51 45 +6
Increased Positions 120 125 -5
Closed Positions 58 57 +1
Reduced Positions 128 123 +5
Total Calls 22 18 22.22%
Total Puts 12 10 20.0%
PUT/CALL Ratio 0.55 0.56 Bullish

Statistics: PZZA

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
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Return on Assets (ttm) --
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Institutional Holders (2026 Q1)

278 + investors

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

Top 25 institutional holders of PZZA — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Great Hill Capital LLC 0.59% 280,431 $9.1M
2 Fiduciary Alliance LLC 0.30% 135,581 $5.0M
3 Great Hill Capital LLC 0.15% 52,500 $2.4M
4 WINEBRENNER CAPITAL MANAGEMENT LLC 0.15% 7,103 $230K
5 MOODY NATIONAL BANK TRUST DIVISION 0.13% 41,485 $1.3M
6 REXFORD CAPITAL INC 0.11% 4,758 $154K
7 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.08% 18,588 $602K
8 Alberta Investment Management Corp 0.05% 275,702 $8.9M
9 FNY Investment Advisers, LLC 0.04% 3,150
10 SILVER OAK SECURITIES, INCORPORATED 0.02% 7,953 $258K
11 Skylands Capital, LLC 0.01% 2,000 $65K
12 Louisiana State Employees Retirement System 0.01% 14,500
13 State of Alaska, Department of Revenue 0.01% 18,293
14 Park Place Capital Corp 0.00% 609 $20K
15 STEPHENS INC /AR/ 0.00% 9,697 $314K
16 YOUSIF CAPITAL MANAGEMENT, LLC 0.00% 8,742 $283K
17 OREGON PUBLIC EMPLOYEES RETIREMENT FUND 0.00% 7,504 $243K
18 OPPENHEIMER & CO INC 0.00% 7,920 $257K
19 Princeton Global Asset Management LLC 0.00% 575 $19K
20 IFP Advisors, Inc 0.00% 4,259 $138K
21 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% 42,704 $1K
22 GAMMA Investing LLC 0.00% 1,678 $54K
23 Blue Trust, Inc. 0.00% 6,831 $221K
24 Police & Firemen's Retirement System of New Jersey 0.00% 9,062 $294K
25 Red Tortoise LLC 0.00% 114 $4K
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 — 2 quarters in a row: For 2 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?

More sellers than buyers — 45% buying: Last quarter: 162 funds reduced or exited vs 133 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for PZZA holders?

Strong quality — 37% AUM from major funds: 37 of 250 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PZZA?

61% of holders stayed for 2+ years: 153 out of 250 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.