CHIPOTLE MEXICAN GRILL INC CMG
COM · Common Stock · CUSIP 169656105 · ISIN US1696561059
American fast casual Mexican restaurant chain
- SectorConsumer discretionary
- IndustryRetail-Eating Places
- HeadquartersNewport Beach, CA
- Founded1993
- Websitechipotle.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($133.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1697.85. Options: 50 managers hold calls ($3.2bn notional), 54 hold puts ($3.5bn).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 922 |
| Q4 2022 | 977 |
| Q1 2023 | 1,006 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 448 | 390 |
| Q1 2023 | 457 | 439 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $3.2bn | $3.0bn | 0.94 |
| Q4 2022 | $2.8bn | $3.1bn | 1.08 |
| Q1 2023 | $3.2bn | $3.5bn | 1.11 |
Biggest buyers
| FMR LLC | Added | +274.4k |
| JPMORGAN CHASE & CO | Added | +226.4k |
| EP Wealth Advisors, LLC | Added | +189.9k |
| STRS OHIO | Added | +140.0k |
| SRS Investment Management, LLC | New | +79.7k |
| CIBC Private Wealth Group LLC | Added | +77.5k |
| Holocene Advisors, LP | New | +62.0k |
| SAMLYN CAPITAL, LLC | New | +52.7k |
| Capital World Investors | Added | +44.3k |
| D. E. Shaw & Co., Inc. | Added | +43.0k |
Biggest sellers
| LORD, ABBETT & CO. LLC | Sold out | -165.4k |
| JENNISON ASSOCIATES LLC | Reduced | -158.2k |
| MACQUARIE GROUP LTD | Reduced | -121.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -98.6k |
| ALKEON CAPITAL MANAGEMENT LLC | Reduced | -79.7k |
| Pershing Square Capital Management, L.P. | Reduced | -76.0k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -69.4k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -64.3k |
| 1832 Asset Management L.P. | Reduced | -63.2k |
| Man Group plc | Sold out | -53.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $928.3m543.4k shares |
| CITADEL ADVISORS LLC | Reduced | $842.2m493.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $233.2m136.5k shares |
| JANE STREET GROUP, LLC | Reduced | $210.5m123.2k shares |
| IMC-Chicago, LLC | Reduced | $129.0m75.5k shares |
| SIMPLEX TRADING, LLC | Added | $128.0m74.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $109.2m65.3k shares |
| Optiver Holding B.V. | Reduced | $98.2m57.5k shares |
| CTC LLC | Added | $59.4m355 shares |
| UBS Group AG | Reduced | $53.8m31.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $726.2m425.1k shares |
| CITADEL ADVISORS LLC | Reduced | $670.2m392.3k shares |
| D. E. Shaw & Co., Inc. | Reduced | $393.8m230.5k shares |
| IMC-Chicago, LLC | Added | $218.8m128.1k shares |
| JANE STREET GROUP, LLC | Added | $172.4m100.9k shares |
| Deer Park Road Corp | New | $170.8m100.0k shares |
| SIMPLEX TRADING, LLC | Added | $141.4m82.8k shares |
| WOLVERINE TRADING, LLC | Reduced | $110.4m66.0k shares |
| UBS Group AG | Reduced | $105.4m61.7k shares |
| Optiver Holding B.V. | Reduced | $97.2m56.9k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-07-27 | 8.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| JPMORGAN CHASE & CO 13G · institution new · filed 2026-07-16 | 5.0% |
Fell to 5% or below in the last year: Capital World Investors (3.6%, 2026-08-12), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $344.0k | — |
| Q1 2022 | 1 | $198.3k | 1 | $2.2m | — |
| Q2 2022 | 1 | $381.2k | 5 | $26.4m | — |
| Q3 2022 | 0 | — | 5 | $19.2m | — |
| Q4 2022 | 0 | — | 2 | $1.2m | — |
| Q1 2023 | 0 | — | 3 | $18.9m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-13 | Niccol Brian R Chairman, CEO, director | Sold | $1.5m991 shares |
| 2023-02-16 | Niccol Brian R Chairman, CEO, director | Sold | $9.3m5.6k shares |
| 2023-02-14 | Garner Curtis E Chief Technology Officer | Sold | $2.5m1.5k shares |
| 2023-02-09 | Niccol Brian R Chairman, CEO, director | Sold | $3.6m2.2k shares |
| 2023-02-02 | Brandt Christopher W Chief Marketing Officer | Sold | $1.1m656 shares |
| 2023-01-23 | Brandt Christopher W Chief Marketing Officer | Sold | $931.5k584 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.12% of their portfolio | 2.7m $4.6bn | Added +11.9k |
| BlackRock Inc. 0.10% of their portfolio | 2.0m $3.4bn | Reduced -1.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.41% of their portfolio | 1.6m $2.8bn | Reduced -98.6k |
| Capital International Investors 0.47% of their portfolio | 1.1m $1.8bn | Added +26.2k |
| STATE STREET CORP 0.10% of their portfolio | 1.0m $1.8bn | Added +5.4k |
| Pershing Square Capital Management, L.P. 17.21% of their portfolio | 1.0m $1.8bn | Reduced -76.0k |
| JPMORGAN CHASE & CO 0.23% of their portfolio | 1.0m $1.8bn | Added +226.4k |
| Capital World Investors 0.35% of their portfolio | 986.7k $1.7bn | Added +44.3k |
| EDGEWOOD MANAGEMENT LLC 4.88% of their portfolio | 892.5k $1.5bn | Reduced -25.3k |
| FMR LLC 0.05% of their portfolio | 678.8k $1.2bn | Added +274.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.13% of their portfolio | 565.5k $963.8m | Added +9.5k |
| Artisan Partners Limited Partnership 1.43% of their portfolio | 504.6k $862.0m | Reduced -2.6k |
| ALLIANCEBERNSTEIN L.P. 0.32% of their portfolio | 437.1k $746.7m | Added +35.1k |
| AMERICAN CENTURY COMPANIES INC 0.55% of their portfolio | 410.9k $694.0m | Reduced -69.4k |
| Winslow Capital Management, LLC 3.30% of their portfolio | 379.0k $647.4m | Reduced -8.3k |
| MORGAN STANLEY 0.07% of their portfolio | 365.0k $623.6m | Reduced -10.7k |
| NORGES BANK 0.12% of their portfolio | 316.4k $540.5m | Reduced -8.3k |
| NORTHERN TRUST CORP 0.10% of their portfolio | 280.8k $479.7m | Reduced -2.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.16% of their portfolio | 280.2k $478.7m | Reduced -44.2k |
| Magellan Asset Management Ltd 4.01% of their portfolio | 275.2k $470.1m | Added +14.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.45% of their portfolio | 247.5k $422.8m | Reduced -40.8k |
| JENNISON ASSOCIATES LLC 0.37% of their portfolio | 237.4k $405.6m | Reduced -158.2k |
| BROWN ADVISORY INC 0.67% of their portfolio | 231.8k $396.1m | Added +6.8k |
| STRS OHIO 0.56% of their portfolio | 214.5k $366.4m | Added +140.0k |
| T. Rowe Price Investment Management, Inc. 0.25% of their portfolio | 201.6k $344.4m | Reduced -90 |
| Bank of New York Mellon Corp 0.07% of their portfolio | 195.4k $333.8m | Reduced -5.3k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 191.1k $326.5m | Added +11.5k |
| EP Wealth Advisors, LLC 0.19% of their portfolio | 190.7k $10.9m | Added +189.9k |
| Invesco Ltd. 0.09% of their portfolio | 187.7k $320.6m | Reduced -20.5k |
| PUTNAM INVESTMENTS LLC 0.49% of their portfolio | 179.8k $307.1m | Added +5.6k |
| Legal & General Group Plc 0.11% of their portfolio | 177.6k $303.3m | Added +2.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio | 171.7k $293.3m | Added +7.7k |
| FRANKLIN RESOURCES INC 0.15% of their portfolio | 169.5k $289.5m | Reduced -4.1k |
| Nuveen Asset Management, LLC 0.11% of their portfolio | 167.9k $286.9m | Reduced -1.6k |
| CIBC Private Wealth Group LLC 0.30% of their portfolio | 158.6k $271.0m | Added +77.5k |
| Allspring Global Investments Holdings, LLC 0.44% of their portfolio | 154.9k $264.6m | Reduced -23.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio | 150.0k $256.3m | Added +1.6k |
| SEI INVESTMENTS CO 0.44% of their portfolio | 139.2k $237.8m | Added +9.4k |
| Thrivent Financial for Lutherans 0.57% of their portfolio | 137.0k $234.0m | Reduced -3.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.44% of their portfolio | 115.4k $197.1m | Reduced -23.7k |
| BESSEMER GROUP INC 0.46% of their portfolio | 114.1k $194.9m | Added +1.1k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 1.35% of their portfolio | 112.1k $191.5m | Added +37.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.25% of their portfolio | 111.9k $191.2m | Reduced -2.1k |
| Swiss National Bank 0.13% of their portfolio | 110.0k $187.9m | Reduced -2.9k |
| AMERIPRISE FINANCIAL INC 0.06% of their portfolio | 105.4k $180.1m | Reduced -52.3k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 90.4k $154.5m | Added +27.4k |
| TD Asset Management Inc 0.18% of their portfolio | 89.4k $152.8m | Reduced -7.7k |
| JANUS HENDERSON GROUP PLC 0.10% of their portfolio | 89.2k $152.4m | Added +3.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 88.9k $151.8m | Reduced -27.2k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 87.0k $148.6m | Added +1.2k |
| EAGLE ASSET MANAGEMENT INC 0.87% of their portfolio | 86.5k $147.8m | Reduced -16.4k |
| ALKEON CAPITAL MANAGEMENT LLC 0.93% of their portfolio | 85.2k $145.5m | Reduced -79.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.22% of their portfolio | 82.9k $141.6m | Added +5.2k |
| Amundi 0.08% of their portfolio | 82.4k $139.8m | Added +34.6k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 81.4k $139.1m | Reduced -6.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio | 81.1k $138.5m | Added +19.6k |
| SRS Investment Management, LLC 1.95% of their portfolio | 79.7k $136.2m | New |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.47% of their portfolio | 78.5k $134.1m | Added +19.7k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 78.0k $133.2m | Added +1.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.10% of their portfolio | 76.9k $131.4m | Reduced -1.8k |
| Bridgewater Associates, LP 0.73% of their portfolio | 70.4k $120.3m | Reduced -364 |
| Holocene Advisors, LP 0.53% of their portfolio | 62.0k $105.8m | New |
| HSBC HOLDINGS PLC 0.13% of their portfolio | 60.9k $104.0m | Added +5.7k |
| Baird Financial Group, Inc. 0.25% of their portfolio | 59.8k $102.2m | Added +7.1k |
| RHUMBLINE ADVISERS 0.12% of their portfolio | 55.6k $95.0m | Added +3.6k |
| BRISTOL JOHN W & CO INC /NY/ 1.94% of their portfolio | 55.1k $94.1m | Added +172 |
| California Public Employees Retirement System 0.08% of their portfolio | 53.9k $92.1m | Reduced -8.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.07% of their portfolio | 53.8k $91.9m | Reduced -8.5k |
| SAMLYN CAPITAL, LLC 1.65% of their portfolio | 52.7k $90.0m | New |
| Empower Advisory Group, LLC 0.40% of their portfolio | 52.2k $89.7m | First filing |
| MARSICO CAPITAL MANAGEMENT LLC 4.13% of their portfolio | 51.7k $88.3m | Reduced -2.8k |
| D. E. Shaw & Co., Inc. 0.13% of their portfolio | 47.5k $81.1m | Added +43.0k |
| National Pension Service 0.14% of their portfolio | 47.0k $78.6m | Reduced -1.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.12% of their portfolio | 46.0k $78.6m | Reduced -640 |
| Point72 Asset Management, L.P. 0.26% of their portfolio | 43.1k $73.6m | Added +10.7k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.31% of their portfolio | 40.7k $69.5m | Added +3.9k |
| FEDERATED HERMES, INC. 0.17% of their portfolio | 40.6k $69.4m | Reduced -1.8k |
| BLAIR WILLIAM & CO/IL 0.27% of their portfolio | 40.2k $68.7m | Reduced -369 |
| UBS Group AG 0.03% of their portfolio | 39.8k $68.0m | Added +12.0k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.70% of their portfolio | 39.8k $68.0m | Added +6.8k |
| Caisse de depot et placement du Quebec 0.19% of their portfolio | 39.7k $67.9m | Added +10.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.33% of their portfolio | 39.0k $66.6m | Added +8.1k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 37.2k $63.6m | Reduced -3.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.09% of their portfolio | 37.2k $63.5m | Reduced -1.0k |
| Balyasny Asset Management L.P. 0.21% of their portfolio | 37.2k $63.5m | New |
| Capital Group Private Client Services, Inc. 0.77% of their portfolio | 36.4k $62.2m | Added +1.2k |
| STIFEL FINANCIAL CORP 0.09% of their portfolio | 36.3k $62.0m | Added +3.2k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 36.2k $61.9m | Reduced -64.3k |
| Two Creeks Capital Management, LP 4.12% of their portfolio | 36.1k $61.8m | New |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 35.9k $61.4m | Reduced -121.2k |
| CREDIT SUISSE AG/ 0.06% of their portfolio | 35.3k $60.3m | Reduced -3.8k |
| FIL Ltd 0.07% of their portfolio | 35.2k $60.1m | Reduced -216 |
| JANE STREET GROUP, LLC 0.10% of their portfolio | 34.8k $59.5m | Added +25.3k |
| PRUDENTIAL FINANCIAL INC 0.09% of their portfolio | 34.8k $59.5m | Reduced -13.3k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 34.7k $59.3m | Added +7.9k |
| Man Group plc 0.21% of their portfolio | 34.0k $58.0m | New |
| HUNTINGTON NATIONAL BANK 0.58% of their portfolio | 33.9k $58.0m | Added +722 |
| AXA S.A. 0.20% of their portfolio | 33.7k $57.6m | Added +37 |
| CITIGROUP INC 0.08% of their portfolio | 33.2k $56.8m | Added +8.9k |
| NICHOLAS COMPANY, INC. 1.14% of their portfolio | 33.0k $56.3m | Added +1.3k |