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 ($256.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $56.11. Options: 55 managers hold calls ($2.4bn notional), 49 hold puts ($2.2bn).
Trends to Q2 2025
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 |
| Q3 2024 | 1,526 |
| Q4 2024 | 1,640 |
| Q1 2025 | 1,562 |
| Q2 2025 | 1,546 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 492 | 476 |
| Q4 2023 | 555 | 441 |
| Q1 2024 | 650 | 484 |
| Q2 2024 | 850 | 470 |
| Q3 2024 | 866 | 610 |
| Q4 2024 | 794 | 607 |
| Q1 2025 | 711 | 817 |
| Q2 2025 | 714 | 770 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $4.2bn | $5.2bn | 1.23 |
| Q4 2024 | $4.1bn | $5.2bn | 1.27 |
| Q1 2025 | $1.7bn | $2.2bn | 1.31 |
| Q2 2025 | $2.4bn | $2.2bn | 0.93 |
Biggest buyers
| Sustainable Growth Advisers, LP | New | +10.6m |
| Capital International Investors | Added | +9.6m |
| JANUS HENDERSON GROUP PLC | Added | +8.3m |
| JPMORGAN CHASE & CO | Added | +8.0m |
| MORGAN STANLEY | Added | +7.1m |
| Balyasny Asset Management L.P. | Added | +4.7m |
| CITADEL ADVISORS LLC | Added | +4.5m |
| ROYAL BANK OF CANADA | Added | +4.5m |
| Capital Research Global Investors | Added | +4.2m |
| BlueSpruce Investments, LP | Added | +3.9m |
Biggest sellers
| EDGEWOOD MANAGEMENT LLC | Reduced | -13.7m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -10.5m |
| Alphinity Investment Management Pty Ltd | Sold out | -6.9m |
| AXIOM INVESTORS LLC /DE | Reduced | -5.2m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -4.5m |
| Artisan Partners Limited Partnership | Sold out | -3.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -3.3m |
| D. E. Shaw & Co., Inc. | Reduced | -3.2m |
| Squarepoint Ops LLC | Reduced | -2.7m |
| Caisse de depot et placement du Quebec | Reduced | -2.6m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $522.3m9.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $359.1m6.4m shares |
| Nishkama Capital, LLC | New | $224.6m4.0m shares |
| JANE STREET GROUP, LLC | Added | $191.7m3.4m shares |
| IMC-Chicago, LLC | Added | $169.6m3.0m shares |
| WOLVERINE TRADING, LLC | Reduced | $92.1m1.7m shares |
| SIMPLEX TRADING, LLC | Added | $78.4m1.4m shares |
| WELLS FARGO & COMPANY/MN | New | $64.5m1.1m shares |
| Qube Research & Technologies Ltd | Added | $58.6m1.0m shares |
| Squarepoint Ops LLC | Reduced | $55.3m985.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $473.0m8.4m shares |
| CITADEL ADVISORS LLC | Reduced | $260.8m4.6m shares |
| IMC-Chicago, LLC | Reduced | $163.7m2.9m shares |
| BARCLAYS PLC | Added | $162.1m2.9m shares |
| JANE STREET GROUP, LLC | Reduced | $140.5m2.5m shares |
| D. E. Shaw & Co., Inc. | Reduced | $139.6m2.5m shares |
| WOLVERINE TRADING, LLC | Reduced | $101.9m1.9m shares |
| SIMPLEX TRADING, LLC | Added | $87.9m1.6m shares |
| Squarepoint Ops LLC | Added | $69.8m1.2m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $67.2m1.2m 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 2025
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 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 | — |
| Q3 2024 | 0 | — | 2 | $5.0m | $866.6k |
| Q4 2024 | 0 | — | 3 | $8.3m | $2.8m |
| Q1 2025 | 1 | $498.2k | 2 | $4.6m | $1.8m |
| Q2 2025 | 0 | — | 6 | $12.9m | $3.5m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-25 | Garner Curtis E Pres, Chief Strgy & Tech Off | Sold plan | $3.5m63.0k shares |
| 2025-06-12 | Hickenlooper Robin S Director | Sold | $115.2k2.2k shares |
| 2025-06-12 | FILIKRUSHEL PATRICIA Director | Sold | $106.1k2.1k shares |
| 2025-06-06 | Boatwright Scott Chief Executive Officer | Sold | $997.1k19.0k shares |
| 2025-06-04 | Garner Curtis E Pres, Chief Strgy & Tech Off | Sold | $1.2m23.3k shares |
| 2025-06-02 | Theodoredis Roger E Chief Legal Officer & GC | Sold | $5.7m113.9k shares |
| 2025-05-21 | Garner Curtis E Chief Customer & Techlgy Ofcr | Sold | $1.2m23.1k shares |
| 2025-05-14 | McConnell Jamie Chief Accountg & Admin Officer | Sold | $161.8k3.1k 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, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.11% of their portfolio | 123.5m $6.9bn | Added +993.8k |
| BlackRock, Inc. 0.12% of their portfolio | 111.7m $6.3bn | Added +2.0m |
| JPMORGAN CHASE & CO 0.25% of their portfolio | 63.9m $3.6bn | Added +8.0m |
| STATE STREET CORP 0.12% of their portfolio | 56.4m $3.2bn | Added +138.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.34% of their portfolio | 53.6m $3.0bn | Reduced -3.3m |
| Capital World Investors 0.32% of their portfolio | 39.4m $2.2bn | Reduced -627.4k |
| ALLIANCEBERNSTEIN L.P. 0.61% of their portfolio | 33.1m $1.9bn | Added +606.2k |
| FMR LLC 0.09% of their portfolio | 30.0m $1.7bn | Reduced -2.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio | 29.7m $1.7bn | Added +325.9k |
| Capital International Investors 0.26% of their portfolio | 27.0m $1.5bn | Added +9.6m |
| MORGAN STANLEY 0.09% of their portfolio | 25.5m $1.4bn | Added +7.1m |
| Pershing Square Capital Management, L.P. 8.81% of their portfolio | 21.5m $1.2bn | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.65% of their portfolio | 21.3m $1.2bn | Added +595.0k |
| JANUS HENDERSON GROUP PLC 0.51% of their portfolio | 18.7m $1.1bn | Added +8.3m |
| NORGES BANK 0.13% of their portfolio | 17.8m $1.0bn | Added +301.4k |
| NORTHERN TRUST CORP 0.11% of their portfolio | 13.8m $776.2m | Reduced -531.6k |
| Capital Research Global Investors 0.15% of their portfolio | 13.3m $747.3m | Added +4.2m |
| FRANKLIN RESOURCES INC 0.19% of their portfolio | 13.0m $730.5m | Reduced -445.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.13% of their portfolio | 12.5m $700.9m | Added +1.9m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.14% of their portfolio | 12.5m $699.1m | Added +1.3m |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 11.3m $637.0m | Added +4.5m |
| Winslow Capital Management, LLC 2.01% of their portfolio | 10.7m $601.1m | Added +1.8m |
| Sustainable Growth Advisers, LP 3.08% of their portfolio | 10.6m $597.0m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.36% of their portfolio | 9.2m $514.8m | Reduced -1.2m |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 9.1m $510.2m | Added +617.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.09% of their portfolio | 9.1m $509.9m | Added +216.6k |
| UBS Group AG 0.10% of their portfolio | 8.9m $500.1m | Reduced -921.7k |
| BROWN ADVISORY INC 0.66% of their portfolio | 8.9m $499.6m | Reduced -265.1k |
| Nuveen, LLC 0.13% of their portfolio | 8.6m $484.1m | Reduced -2.0m |
| Legal & General Group Plc 0.11% of their portfolio | 8.1m $453.8m | Added +66.3k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 7.5m $423.8m | Reduced -654.2k |
| CITADEL ADVISORS LLC 0.35% of their portfolio | 7.2m $405.9m | Added +4.5m |
| Bank of New York Mellon Corp 0.08% of their portfolio | 7.1m $397.9m | Reduced -691.0k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 7.0m $393.7m | Added +1.2m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.39% of their portfolio | 6.7m $376.6m | Reduced -119.4k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.94% of their portfolio | 6.3m $352.4m | Reduced -525.9k |
| Invesco Ltd. 0.06% of their portfolio | 6.0m $337.1m | Added +321.8k |
| Amundi 0.11% of their portfolio | 5.8m $331.6m | Reduced -1.4m |
| VIKING GLOBAL INVESTORS LP 0.92% of their portfolio | 5.7m $319.4m | Reduced -318.1k |
| RAYMOND JAMES FINANCIAL INC 0.11% of their portfolio | 5.5m $308.2m | Added +371.8k |
| BARCLAYS PLC 0.12% of their portfolio | 5.3m $295.4m | Reduced -657.5k |
| MONTRUSCO BOLTON INVESTMENTS INC. 3.10% of their portfolio | 5.1m $279.3m | Added +267.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.28% of their portfolio | 5.1m $285.7m | Reduced -10.5m |
| Magellan Asset Management Ltd 3.15% of their portfolio | 4.9m $275.2m | Added +162.9k |
| WELLS FARGO & COMPANY/MN 0.06% of their portfolio | 4.8m $268.8m | Added +446.9k |
| Balyasny Asset Management L.P. 0.61% of their portfolio | 4.8m $268.1m | Added +4.7m |
| Alyeska Investment Group, L.P. 0.86% of their portfolio | 4.3m $242.8m | Added +210.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio | 4.3m $242.4m | Added +165.5k |
| Swiss National Bank 0.14% of their portfolio | 4.1m $230.3m | Added +258.4k |
| Clearbridge Investments, LLC 0.18% of their portfolio | 4.0m $224.0m | Added +648.3k |
| BlueSpruce Investments, LP 5.14% of their portfolio | 3.9m $220.7m | Added +3.9m |
| SEI INVESTMENTS CO 0.24% of their portfolio | 3.7m $207.5m | Added +303.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 3.6m $203.6m | Reduced -4.5m |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 3.6m $201.9m | Reduced -305.7k |
| CIBC Private Wealth Group LLC 0.34% of their portfolio | 3.4m $190.7m | Reduced -41.5k |
| MILLENNIUM MANAGEMENT LLC 0.17% of their portfolio | 3.4m $190.4m | Added +1.3m |
| National Pension Service 0.16% of their portfolio | 3.3m $184.6m | Added +108.3k |
| HSBC HOLDINGS PLC 0.12% of their portfolio | 3.3m $184.6m | Reduced -270.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.11% of their portfolio | 3.2m $180.9m | Added +51.6k |
| Assenagon Asset Management S.A. 0.26% of their portfolio | 2.9m $163.1m | Reduced -1.1m |
| AXA S.A. 0.47% of their portfolio | 2.9m $162.5m | Reduced -82.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.27% of their portfolio | 2.9m $160.9m | Added +1.1m |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 2.8m $156.1m | Reduced -512.7k |
| Russell Investments Group, Ltd. 0.19% of their portfolio | 2.6m $146.9m | Reduced -17.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.12% of their portfolio | 2.6m $145.8m | Added +171.5k |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 2.6m $142.7m | Added +1.0m |
| RHUMBLINE ADVISERS 0.12% of their portfolio | 2.5m $142.9m | Reduced -65.8k |
| Sarasin & Partners LLP 1.42% of their portfolio | 2.5m $142.5m | Added +55.4k |
| MANNING & NAPIER ADVISORS LLC 1.67% of their portfolio | 2.5m $140.3m | Reduced -48.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio | 2.4m $134.9m | Added +1.8m |
| BLAIR WILLIAM & CO/IL 0.36% of their portfolio | 2.3m $129.8m | Reduced -135.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.12% of their portfolio | 2.3m $128.2m | Reduced -284.6k |
| STIFEL FINANCIAL CORP 0.12% of their portfolio | 2.2m $125.9m | Added +12.7k |
| California Public Employees Retirement System 0.08% of their portfolio | 2.2m $125.7m | Added +545.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.11% of their portfolio | 2.2m $124.6m | Reduced -90.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.13% of their portfolio | 2.2m $121.2m | Reduced -4.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.21% of their portfolio | 2.1m $120.0m | Reduced -105.8k |
| MARSHALL WACE, LLP 0.14% of their portfolio | 2.1m $119.4m | Added +2.0m |
| BRISTOL JOHN W & CO INC /NY/ 1.80% of their portfolio | 2.0m $111.4m | Reduced -9.1k |
| MARSICO CAPITAL MANAGEMENT LLC 3.02% of their portfolio | 2.0m $111.3m | Reduced -249.8k |
| CONGRESS ASSET MANAGEMENT CO 0.73% of their portfolio | 1.9m $107.0m | Added +158.2k |
| STRS OHIO 0.40% of their portfolio | 1.9m $105.9m | Added +21.7k |
| Hudson Bay Capital Management LP 0.70% of their portfolio | 1.9m $105.8m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 1.9m $104.6m | Reduced -351.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.13% of their portfolio | 1.8m $101.5m | Added +74.5k |
| Empower Advisory Group, LLC 0.30% of their portfolio | 1.8m $99.1m | Added +141.2k |
| CITIGROUP INC 0.07% of their portfolio | 1.8m $98.6m | Added +321.6k |
| NATIXIS ADVISORS, LLC 0.15% of their portfolio | 1.7m $97.0m | Added +463.1k |
| NATIONAL BANK OF CANADA /FI/ 0.10% of their portfolio | 1.7m $95.7m | Added +507.1k |
| Man Group plc 0.20% of their portfolio | 1.6m $92.4m | Reduced -950.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio | 1.5m $85.4m | Reduced -307.4k |
| Bank Pictet & Cie (Europe) AG 1.79% of their portfolio | 1.5m $83.8m | Added +2.9k |
| LPL Financial LLC 0.03% of their portfolio | 1.5m $82.2m | Added +188.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.14% of their portfolio | 1.4m $79.0m | Added +17.2k |
| CANADA LIFE ASSURANCE Co 0.13% of their portfolio | 1.4m $79.0m | Reduced -60.9k |
| Two Creeks Capital Management, LP 5.23% of their portfolio | 1.4m $78.6m | Reduced -494.6k |
| NICHOLAS COMPANY, INC. 1.29% of their portfolio | 1.4m $77.0m | Reduced -15 |
| Unisphere Establishment 0.61% of their portfolio | 1.4m $76.0m | Added +1.2m |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.28% of their portfolio | 1.3m $72.8m | Reduced -1.4k |
| FEDERATED HERMES, INC. 0.14% of their portfolio | 1.3m $72.0m | Reduced -63.7k |