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 ($376.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $2871.12. Options: 56 managers hold calls ($4.8bn notional), 54 hold puts ($7.4bn).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 922 |
| Q4 2022 | 977 |
| Q1 2023 | 1,006 |
| Q2 2023 | 1,105 |
| Q3 2023 | 1,052 |
| Q4 2023 | 1,198 |
| Q1 2024 | 1,295 |
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 |
| Q2 2023 | 503 | 451 |
| Q3 2023 | 492 | 476 |
| Q4 2023 | 555 | 441 |
| Q1 2024 | 650 | 484 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $4.0bn | $4.6bn | 1.15 |
| Q3 2023 | $3.8bn | $4.5bn | 1.19 |
| Q4 2023 | $5.0bn | $6.5bn | 1.30 |
| Q1 2024 | $4.8bn | $7.4bn | 1.53 |
Biggest buyers
| MORGAN STANLEY | Added | +455.4k |
| SHELL ASSET MANAGEMENT CO | Added | +229.4k |
| FRANKLIN RESOURCES INC | Added | +155.2k |
| CITADEL ADVISORS LLC | Added | +135.4k |
| FMR LLC | Added | +135.2k |
| BlackRock Inc. | Added | +93.1k |
| FIRST TRUST ADVISORS LP | Added | +81.6k |
| D. E. Shaw & Co., Inc. | Added | +65.8k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +65.4k |
| Global Assets Advisory, LLC | New | +57.5k |
Biggest sellers
| Capital World Investors | Reduced | -251.5k |
| EDGEWOOD MANAGEMENT LLC | Reduced | -170.1k |
| Capital International Investors | Reduced | -112.1k |
| JPMORGAN CHASE & CO | Reduced | -101.0k |
| Pershing Square Capital Management, L.P. | Reduced | -81.0k |
| T. Rowe Price Investment Management, Inc. | Reduced | -81.0k |
| Winslow Capital Management, LLC | Reduced | -70.3k |
| EAGLE ASSET MANAGEMENT INC | Sold out | -45.8k |
| JANUS HENDERSON GROUP PLC | Reduced | -43.3k |
| Qube Research & Technologies Ltd | Reduced | -36.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.4bn464.5k shares |
| CITADEL ADVISORS LLC | Reduced | $899.1m309.3k shares |
| IMC-Chicago, LLC | Reduced | $336.9m115.9k shares |
| D. E. Shaw & Co., Inc. | Reduced | $295.3m101.6k shares |
| JANE STREET GROUP, LLC | Reduced | $257.2m88.5k shares |
| UBS Group AG | Added | $235.2m80.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $205.5m70.7k shares |
| CTC LLC | Reduced | $173.5m597 shares |
| SIMPLEX TRADING, LLC | Added | $162.8m56.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $103.5m356 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.8bn619.3k shares |
| CITADEL ADVISORS LLC | Added | $1.4bn483.8k shares |
| IMC-Chicago, LLC | Added | $595.3m204.8k shares |
| D. E. Shaw & Co., Inc. | Reduced | $502.6m172.9k shares |
| JANE STREET GROUP, LLC | Added | $397.1m136.6k shares |
| UBS Group AG | Reduced | $288.9m99.4k shares |
| CTC LLC | Reduced | $261.6m900 shares |
| WOLVERINE TRADING, LLC | Added | $245.9m84.6k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $193.3m66.5k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $175.6m604 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 2024
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 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 | — |
| Q2 2023 | 0 | — | 7 | $48.9m | $15.7m |
| Q3 2023 | 0 | — | 1 | $6.4m | $4.4m |
| Q4 2023 | 1 | $2.0m | 7 | $25.1m | — |
| Q1 2024 | 0 | — | 5 | $27.0m | $9.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-20 | Brandt Christopher W Chief Brand Officer | Sold plan | $9.2m3.1k shares |
| 2024-02-14 | Baldocchi Albert S Director | Sold | $2.0m750 shares |
| 2024-02-14 | Baldocchi Albert S Director | Sold | $652.1k250 shares |
| 2024-02-09 | Garner Curtis E Chief Customer & Techlgy Ofcr | Sold | $3.7m1.4k shares |
| 2024-02-09 | Theodoredis Roger E Chief Legal Officer & GC | Sold | $1.9m708 shares |
| 2024-02-08 | Theodoredis Roger E Chief Legal Officer & GC | Sold | $2.4m898 shares |
| 2024-01-29 | Niccol Brian R Chairman, CEO, director | Sold | $4.8m2.0k shares |
| 2024-01-02 | Niccol Brian R Chairman, CEO, director | Sold | $2.5m1.1k 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.16% of their portfolio | 2.7m $7.9bn | Added +25.2k |
| JPMORGAN CHASE & CO 0.30% of their portfolio | 2.3m $6.7bn | Reduced -101.0k |
| BlackRock Inc. 0.14% of their portfolio | 2.1m $6.2bn | Added +93.1k |
| MORGAN STANLEY 0.10% of their portfolio | 1.3m $3.8bn | Added +455.4k |
| STATE STREET CORP 0.14% of their portfolio | 1.1m $3.2bn | Reduced -3.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.39% of their portfolio | 1.1m $3.2bn | Reduced -35.5k |
| Capital World Investors 0.42% of their portfolio | 874.5k $2.5bn | Reduced -251.5k |
| Capital International Investors 0.48% of their portfolio | 814.4k $2.4bn | Reduced -112.1k |
| Pershing Square Capital Management, L.P. 20.10% of their portfolio | 744.0k $2.2bn | Reduced -81.0k |
| FMR LLC 0.14% of their portfolio | 702.9k $2.0bn | Added +135.2k |
| EDGEWOOD MANAGEMENT LLC 4.35% of their portfolio | 556.8k $1.6bn | Reduced -170.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.14% of their portfolio | 538.2k $1.6bn | Added +16.1k |
| ALLIANCEBERNSTEIN L.P. 0.48% of their portfolio | 470.0k $1.4bn | Added +9.6k |
| Artisan Partners Limited Partnership 1.96% of their portfolio | 463.2k $1.3bn | Reduced -21.4k |
| AMERICAN CENTURY COMPANIES INC 0.76% of their portfolio | 417.6k $1.2bn | Added +5.2k |
| NORGES BANK 0.17% of their portfolio | 362.8k $1.1bn | Added +10.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.18% of their portfolio | 352.5k $1.0bn | Added +65.4k |
| NORTHERN TRUST CORP 0.13% of their portfolio | 265.9k $772.8m | Reduced -8.8k |
| D. E. Shaw & Co., Inc. 0.96% of their portfolio | 257.8k $749.4m | Added +65.8k |
| FRANKLIN RESOURCES INC 0.23% of their portfolio | 250.7k $728.8m | Added +155.2k |
| Nuveen Asset Management, LLC 0.21% of their portfolio | 240.8k $699.9m | Added +14.0k |
| SHELL ASSET MANAGEMENT CO 0.67% of their portfolio | 234.4k $14.7m | Added +229.4k |
| BROWN ADVISORY INC 0.87% of their portfolio | 224.9k $653.7m | Reduced -17.1k |
| JENNISON ASSOCIATES LLC 0.42% of their portfolio | 216.7k $629.8m | Reduced -3.3k |
| JANUS HENDERSON GROUP PLC 0.33% of their portfolio | 207.2k $602.3m | Reduced -43.3k |
| CITADEL ADVISORS LLC 0.58% of their portfolio | 206.5k $600.1m | Added +135.4k |
| GOLDMAN SACHS GROUP INC 0.12% of their portfolio | 194.1k $564.2m | Reduced -1.0k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 184.8k $537.2m | Added +15.1k |
| Winslow Capital Management, LLC 1.92% of their portfolio | 175.5k $510.3m | Reduced -70.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.15% of their portfolio | 171.0k $496.9m | Added +13.1k |
| Bank of New York Mellon Corp 0.09% of their portfolio | 170.0k $494.1m | Reduced -11.1k |
| Legal & General Group Plc 0.14% of their portfolio | 170.0k $494.0m | Added +115 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.44% of their portfolio | 164.5k $478.2m | Added +11.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.45% of their portfolio | 156.4k $454.5m | Added +15.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.10% of their portfolio | 156.4k $454.7m | Added +3.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.68% of their portfolio | 149.2k $433.6m | Added +10.8k |
| Amundi 0.17% of their portfolio | 139.9k $406.7m | Added +9.1k |
| Magellan Asset Management Ltd 3.79% of their portfolio | 136.6k $397.2m | Reduced -30.7k |
| Invesco Ltd. 0.08% of their portfolio | 135.3k $393.2m | Reduced -26.2k |
| UBS Group AG 0.12% of their portfolio | 121.1k $352.0m | Added +45.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.12% of their portfolio | 115.7k $336.3m | Reduced -4.8k |
| SEI INVESTMENTS CO 0.48% of their portfolio | 113.0k $328.4m | Reduced -12.4k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.82% of their portfolio | 108.9k $316.4m | Added +11.1k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 88.7k $258.0m | Added +346 |
| AMERIPRISE FINANCIAL INC 0.07% of their portfolio | 87.6k $254.7m | Reduced -3.0k |
| FIRST TRUST ADVISORS LP 0.26% of their portfolio | 86.8k $252.3m | Added +81.6k |
| BARCLAYS PLC 0.11% of their portfolio | 83.9k $243.9m | Added +15.9k |
| Swiss National Bank 0.17% of their portfolio | 82.2k $238.9m | Reduced -4.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio | 81.5k $237.0m | Reduced -214 |
| WELLS FARGO & COMPANY/MN 0.06% of their portfolio | 78.3k $227.6m | Added +4.4k |
| BESSEMER GROUP INC 0.41% of their portfolio | 78.2k $227.5m | Reduced -21.0k |
| Allianz Asset Management GmbH 0.37% of their portfolio | 75.4k $219.1m | Added +39.1k |
| CIBC Private Wealth Group LLC 0.42% of their portfolio | 74.3k $213.9m | Reduced -351 |
| Allspring Global Investments Holdings, LLC 0.33% of their portfolio | 73.3k $213.0m | Reduced -9.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.14% of their portfolio | 71.8k $208.8m | Added +473 |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 71.2k $206.9m | Reduced -20.3k |
| PRUDENTIAL FINANCIAL INC 0.28% of their portfolio | 67.6k $196.5m | Added +7.6k |
| HSBC HOLDINGS PLC 0.13% of their portfolio | 64.7k $187.9m | Added +318 |
| National Pension Service 0.22% of their portfolio | 63.4k $184.4m | Added +918 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.25% of their portfolio | 58.7k $170.7m | Added +9.4k |
| Global Assets Advisory, LLC 0.00% of their portfolio | 57.5k $20 | New |
| ALKEON CAPITAL MANAGEMENT LLC 0.92% of their portfolio | 57.5k $167.2m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.39% of their portfolio | 55.3k $160.8m | Added +20.2k |
| Bridgewater Associates, LP 0.80% of their portfolio | 54.1k $157.2m | Reduced -101 |
| MARSICO CAPITAL MANAGEMENT LLC 5.08% of their portfolio | 53.2k $154.6m | Added +32 |
| RHUMBLINE ADVISERS 0.15% of their portfolio | 52.2k $151.7m | Reduced -47 |
| BRISTOL JOHN W & CO INC /NY/ 2.57% of their portfolio | 52.0k $151.0m | Added +91 |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 51.7k $150.3m | Added +2.5k |
| LORD, ABBETT & CO. LLC 0.24% of their portfolio | 50.7k $147.3m | Added +45.7k |
| California Public Employees Retirement System 0.10% of their portfolio | 49.9k $145.1m | Reduced -693 |
| Thrivent Financial for Lutherans 0.28% of their portfolio | 48.6k $141.2m | Reduced -29.2k |
| BLAIR WILLIAM & CO/IL 0.43% of their portfolio | 46.9k $136.2m | Reduced -1.9k |
| STRS OHIO 0.53% of their portfolio | 45.4k $132.0m | Reduced -6.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.17% of their portfolio | 45.0k $130.7m | Added +305 |
| Empower Advisory Group, LLC 0.48% of their portfolio | 43.7k $127.1m | Reduced -2.8k |
| Assenagon Asset Management S.A. 0.32% of their portfolio | 41.6k $120.9m | Added +27.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.16% of their portfolio | 41.3k $120.1m | Reduced -3.6k |
| STIFEL FINANCIAL CORP 0.14% of their portfolio | 40.9k $118.8m | Added +117 |
| TD Asset Management Inc 0.11% of their portfolio | 39.7k $115.5m | Reduced -28.1k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 38.0k $112.4m | Added +7.3k |
| Man Group plc 0.29% of their portfolio | 37.5k $108.9m | Reduced -11.3k |
| Robeco Institutional Asset Management B.V. 0.23% of their portfolio | 36.9k $107.3m | Added +4.6k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.56% of their portfolio | 36.6k $106.3m | Reduced -3.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 36.2k $105.2m | Reduced -2.3k |
| HUNTINGTON NATIONAL BANK 0.84% of their portfolio | 35.9k $104.3m | Added +1.2k |
| FEDERATED HERMES, INC. 0.24% of their portfolio | 35.4k $102.8m | Reduced -2.8k |
| Qube Research & Technologies Ltd 0.18% of their portfolio | 34.1k $99.2m | Reduced -36.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.11% of their portfolio | 32.9k $96.3m | Added +3.7k |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 32.7k $95.0m | Reduced -9.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.13% of their portfolio | 32.4k $94.2m | Added +5.1k |
| DSM CAPITAL PARTNERS LLC 1.28% of their portfolio | 32.3k $93.9m | Reduced -36.4k |
| AQR CAPITAL MANAGEMENT LLC 0.16% of their portfolio | 32.2k $93.6m | Added +19.8k |
| CREDIT SUISSE AG/ 0.09% of their portfolio | 31.7k $92.2m | Reduced -3.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.13% of their portfolio | 31.5k $53.7m | Added +1.1k |
| Russell Investments Group, Ltd. 0.14% of their portfolio | 31.0k $90.2m | Added +473 |
| NICHOLAS COMPANY, INC. 1.42% of their portfolio | 29.6k $86.1m | Reduced -5.2k |
| Summit Financial, LLC 5.02% of their portfolio | 29.2k $84.8m | Added +6.5k |
| TRUIST FINANCIAL CORP 0.13% of their portfolio | 28.9k $84.0m | Added +800 |
| RAYMOND JAMES & ASSOCIATES 0.06% of their portfolio | 28.7k $83.6m | Added +2.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.17% of their portfolio | 27.8k $80.9m | Reduced -1.5k |