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
Q1 2024 share counts are adjusted for a 50-for-1 stock split, so holders aren't shown as buying or selling because of it.
* 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 ($509.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $66.41. Options: 54 managers hold calls ($7.2bn notional), 56 hold puts ($7.8bn).
Trends to Q2 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 |
| Q2 2024 | 1,486 |
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 |
| Q2 2024 | 850 | 470 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $3.8bn | $4.5bn | 1.19 |
| Q4 2023 | $5.0bn | $6.5bn | 1.30 |
| Q1 2024 | $4.8bn | $7.4bn | 1.53 |
| Q2 2024 | $7.2bn | $7.8bn | 1.09 |
Biggest buyers
| JANE STREET GROUP, LLC | Added | +7.1m |
| MARSHALL WACE, LLP | Added | +5.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +5.3m |
| JENNISON ASSOCIATES LLC | Added | +3.6m |
| MILLENNIUM MANAGEMENT LLC | Added | +3.5m |
| BlackRock Inc. | Added | +3.1m |
| TWO SIGMA ADVISERS, LP | Added | +3.0m |
| Squarepoint Ops LLC | Added | +2.5m |
| Alyeska Investment Group, L.P. | Added | +1.9m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +1.8m |
Biggest sellers
| MORGAN STANLEY | Reduced | -42.9m |
| JPMORGAN CHASE & CO | Reduced | -17.4m |
| VANGUARD GROUP INC | Reduced | -16.8m |
| Artisan Partners Limited Partnership | Reduced | -10.5m |
| Capital International Investors | Reduced | -10.5m |
| CITADEL ADVISORS LLC | Reduced | -8.8m |
| Pershing Square Capital Management, L.P. | Reduced | -8.4m |
| EDGEWOOD MANAGEMENT LLC | Reduced | -6.2m |
| Capital World Investors | Reduced | -4.2m |
| D. E. Shaw & Co., Inc. | Reduced | -4.0m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.4bn38.2m shares |
| CITADEL ADVISORS LLC | Added | $1.3bn20.1m shares |
| IMC-Chicago, LLC | Added | $659.9m10.5m shares |
| WOLVERINE TRADING, LLC | Added | $404.6m6.5m shares |
| D. E. Shaw & Co., Inc. | Added | $343.9m5.5m shares |
| JANE STREET GROUP, LLC | Added | $324.6m5.2m shares |
| CTC LLC | Added | $235.6m37.6k shares |
| UBS Group AG | Reduced | $229.3m3.7m shares |
| SIMPLEX TRADING, LLC | Added | $214.9m3.4m shares |
| GROUP ONE TRADING LLC | Added | $127.7m2.0m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.0bn31.7m shares |
| CITADEL ADVISORS LLC | Reduced | $1.0bn16.7m shares |
| IMC-Chicago, LLC | Added | $855.2m13.7m shares |
| WOLVERINE TRADING, LLC | Added | $499.6m8.0m shares |
| D. E. Shaw & Co., Inc. | Reduced | $498.1m8.0m shares |
| JANE STREET GROUP, LLC | Reduced | $410.6m6.6m shares |
| UBS Group AG | Reduced | $299.2m4.8m shares |
| CTC LLC | Reduced | $262.5m41.9k shares |
| SIMPLEX TRADING, LLC | Added | $201.7m3.2m shares |
| JPMORGAN CHASE & CO | Added | $182.9m2.9m 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 Q2 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2024 | 0 | — | 6 | $46.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-13 | Hartung Jack Chief Financial & Admn Officer | Sold | $8.0m2.5k shares |
| 2024-04-26 | Niccol Brian R Chairman, CEO, director | Sold | $20.4m6.4k shares |
| 2024-04-26 | Theodoredis Roger E Chief Legal Officer & GC | Sold | $7.9m2.5k shares |
| 2024-04-26 | Boatwright Scott Chief Operating Officer | Sold | $3.5m1.1k shares |
| 2024-04-26 | Baldocchi Albert S Director · Trust established for benefit of Children | Sold | $3.2m1.0k shares |
| 2024-04-26 | Brandt Christopher W Chief Brand Officer | Sold | $3.2m1.0k 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, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.14% of their portfolio | 119.8m $7.5bn | Reduced -16.8m |
| BlackRock Inc. 0.16% of their portfolio | 109.5m $6.9bn | Added +3.1m |
| JPMORGAN CHASE & CO 0.26% of their portfolio | 98.0m $6.1bn | Reduced -17.4m |
| STATE STREET CORP 0.15% of their portfolio | 55.1m $3.5bn | Added +250.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.39% of their portfolio | 51.5m $3.2bn | Reduced -2.8m |
| Capital World Investors 0.40% of their portfolio | 39.5m $2.5bn | Reduced -4.2m |
| FMR LLC 0.14% of their portfolio | 35.7m $2.2bn | Added +583.3k |
| Capital International Investors 0.39% of their portfolio | 30.2m $1.9bn | Reduced -10.5m |
| Pershing Square Capital Management, L.P. 17.34% of their portfolio | 28.8m $1.8bn | Reduced -8.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.15% of their portfolio | 27.6m $1.7bn | Added +733.2k |
| MORGAN STANLEY 0.11% of their portfolio | 22.9m $1.4bn | Reduced -42.9m |
| EDGEWOOD MANAGEMENT LLC 3.67% of their portfolio | 21.6m $1.4bn | Reduced -6.2m |
| ALLIANCEBERNSTEIN L.P. 0.47% of their portfolio | 21.6m $1.4bn | Reduced -1.9m |
| AMERICAN CENTURY COMPANIES INC 0.77% of their portfolio | 20.2m $1.3bn | Reduced -700.4k |
| NORGES BANK 0.17% of their portfolio | 17.7m $1.1bn | Reduced -462.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.18% of their portfolio | 16.4m $1.0bn | Reduced -1.2m |
| JENNISON ASSOCIATES LLC 0.58% of their portfolio | 14.5m $906.7m | Added +3.6m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.75% of their portfolio | 13.5m $847.5m | Added +5.3m |
| FRANKLIN RESOURCES INC 0.26% of their portfolio | 13.3m $832.0m | Added +744.0k |
| NORTHERN TRUST CORP 0.14% of their portfolio | 13.2m $825.2m | Reduced -121.3k |
| Artisan Partners Limited Partnership 1.21% of their portfolio | 12.7m $794.2m | Reduced -10.5m |
| Nuveen Asset Management, LLC 0.22% of their portfolio | 12.1m $757.3m | Added +49.6k |
| BROWN ADVISORY INC 0.86% of their portfolio | 10.5m $655.4m | Reduced -783.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.20% of their portfolio | 10.3m $645.9m | Added +1.8m |
| JANUS HENDERSON GROUP PLC 0.31% of their portfolio | 9.3m $583.5m | Reduced -1.0m |
| D. E. Shaw & Co., Inc. 0.78% of their portfolio | 8.9m $555.5m | Reduced -4.0m |
| Legal & General Group Plc 0.15% of their portfolio | 8.7m $544.6m | Added +194.0k |
| Bank of New York Mellon Corp 0.10% of their portfolio | 8.4m $523.5m | Reduced -142.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.10% of their portfolio | 8.1m $505.4m | Added +246.0k |
| JANE STREET GROUP, LLC 0.52% of their portfolio | 7.7m $483.2m | Added +7.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.13% of their portfolio | 7.4m $464.4m | Added +1.6m |
| UBS Group AG 0.14% of their portfolio | 7.4m $462.1m | Added +1.3m |
| GOLDMAN SACHS GROUP INC 0.09% of their portfolio | 7.3m $457.6m | Reduced -2.4m |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 7.2m $453.7m | Reduced -2.0m |
| Invesco Ltd. 0.09% of their portfolio | 6.9m $434.1m | Added +165.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.42% of their portfolio | 6.8m $425.8m | Reduced -1.0m |
| MARSHALL WACE, LLP 0.52% of their portfolio | 5.9m $369.9m | Added +5.3m |
| Winslow Capital Management, LLC 1.32% of their portfolio | 5.8m $365.2m | Reduced -2.9m |
| Amundi 0.13% of their portfolio | 5.6m $342.3m | Reduced -1.4m |
| MILLENNIUM MANAGEMENT LLC 0.27% of their portfolio | 5.1m $322.5m | Added +3.5m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.83% of their portfolio | 5.1m $318.2m | Reduced -363.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.54% of their portfolio | 5.1m $318.1m | Reduced -2.4m |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 5.0m $316.0m | Added +606.2k |
| BARCLAYS PLC 0.14% of their portfolio | 4.7m $294.9m | Added +510.7k |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 4.5m $279.5m | Added +80.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.48% of their portfolio | 4.4m $275.6m | Added +1.5m |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 4.3m $266.8m | Added +700.6k |
| WELLS FARGO & COMPANY/MN 0.07% of their portfolio | 4.2m $263.0m | Added +282.6k |
| Magellan Asset Management Ltd 2.45% of their portfolio | 4.1m $256.9m | Reduced -2.7m |
| Swiss National Bank 0.18% of their portfolio | 4.1m $256.1m | Reduced -22.6k |
| BESSEMER GROUP INC 0.43% of their portfolio | 3.9m $243.3m | Reduced -29.5k |
| SEI INVESTMENTS CO 0.34% of their portfolio | 3.9m $241.4m | Reduced -1.8m |
| LORD, ABBETT & CO. LLC 0.40% of their portfolio | 3.8m $239.9m | Added +1.3m |
| TWO SIGMA INVESTMENTS, LP 0.56% of their portfolio | 3.7m $234.7m | Added +980.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio | 3.7m $229.8m | Reduced -409.6k |
| Man Group plc 0.60% of their portfolio | 3.6m $227.1m | Added +1.8m |
| CIBC Private Wealth Group LLC 0.40% of their portfolio | 3.6m $213.6m | Reduced -127.2k |
| HSBC HOLDINGS PLC 0.14% of their portfolio | 3.5m $218.4m | Added +256.2k |
| TWO SIGMA ADVISERS, LP 0.48% of their portfolio | 3.4m $215.2m | Added +3.0m |
| National Pension Service 0.23% of their portfolio | 3.2m $198.3m | Reduced -7.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.14% of their portfolio | 3.1m $196.2m | Reduced -459.4k |
| Allianz Asset Management GmbH 0.31% of their portfolio | 3.0m $189.8m | Reduced -740.6k |
| Allspring Global Investments Holdings, LLC 0.31% of their portfolio | 3.0m $187.7m | Reduced -668.0k |
| PRUDENTIAL FINANCIAL INC 0.28% of their portfolio | 3.0m $186.9m | Reduced -397.0k |
| ALKEON CAPITAL MANAGEMENT LLC 0.92% of their portfolio | 2.9m $180.2m | Unchanged |
| AXA S.A. 0.25% of their portfolio | 2.7m $170.0m | Added +1.5m |
| RHUMBLINE ADVISERS 0.16% of their portfolio | 2.6m $165.0m | Added +25.0k |
| MARSICO CAPITAL MANAGEMENT LLC 4.90% of their portfolio | 2.6m $163.9m | Reduced -42.3k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 2.6m $162.0m | Added +619 |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.79% of their portfolio | 2.6m $160.3m | Added +729.9k |
| Squarepoint Ops LLC 0.59% of their portfolio | 2.5m $157.6m | Added +2.5m |
| California Public Employees Retirement System 0.11% of their portfolio | 2.5m $154.2m | Reduced -34.9k |
| Robeco Institutional Asset Management B.V. 0.31% of their portfolio | 2.3m $143.9m | Added +451.5k |
| BLAIR WILLIAM & CO/IL 0.44% of their portfolio | 2.3m $143.2m | Reduced -56.2k |
| AQR CAPITAL MANAGEMENT LLC 0.22% of their portfolio | 2.3m $143.1m | Added +673.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.17% of their portfolio | 2.3m $141.3m | Added +7.7k |
| Alyeska Investment Group, L.P. 0.78% of their portfolio | 2.2m $135.5m | Added +1.9m |
| BRISTOL JOHN W & CO INC /NY/ 2.13% of their portfolio | 2.1m $131.8m | Reduced -493.9k |
| STIFEL FINANCIAL CORP 0.15% of their portfolio | 2.1m $131.4m | Added +54.1k |
| Bridgewater Associates, LP 0.68% of their portfolio | 2.1m $131.0m | Reduced -614.2k |
| NATIONAL BANK OF CANADA /FI/ 0.19% of their portfolio | 2.0m $122.0m | Added +1.6m |
| STRS OHIO 0.48% of their portfolio | 2.0m $122.5m | Reduced -315.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.16% of their portfolio | 1.9m $120.4m | Reduced -145.3k |
| HUNTINGTON NATIONAL BANK 0.91% of their portfolio | 1.9m $116.9m | Added +70.8k |
| Empower Advisory Group, LLC 0.43% of their portfolio | 1.9m $116.2m | Reduced -331.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.14% of their portfolio | 1.8m $115.2m | Added +217.8k |
| Point72 Asset Management, L.P. 0.36% of their portfolio | 1.8m $111.9m | Added +1.5m |
| NORDEA INVESTMENT MANAGEMENT AB 0.13% of their portfolio | 1.8m $110.6m | Added +133.7k |
| FEDERATED HERMES, INC. 0.26% of their portfolio | 1.7m $108.0m | Reduced -44.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.12% of their portfolio | 1.7m $107.5m | Added +618.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 1.7m $105.1m | Reduced -131.1k |
| TD Asset Management Inc 0.10% of their portfolio | 1.6m $102.3m | Reduced -352.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.10% of their portfolio | 1.6m $99.4m | Added +528.9k |
| Russell Investments Group, Ltd. 0.16% of their portfolio | 1.6m $98.9m | Added +26.7k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 1.6m $97.7m | Reduced -8.8m |
| RAYMOND JAMES & ASSOCIATES 0.06% of their portfolio | 1.5m $95.8m | Added +91.3k |
| HRT FINANCIAL LP 0.53% of their portfolio | 1.5m $93.0m | Added +1.3m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.10% of their portfolio | 1.5m $92.6m | Added +473.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.18% of their portfolio | 1.4m $90.3m | Reduced -131.7k |
| BANK OF MONTREAL /CAN/ 1.43% of their portfolio | 1.4m $4.7bn | Reduced -481.2k |