PAPA JOHNS INTL INC PZZA
COM · Common Stock · CUSIP 698813102 · ISIN US6988131024
Pizza restaurant chain
- SectorConsumer discretionary
- IndustryRetail-Eating Places
- HeadquartersLouisville, KY
- Founded1984
- Websitepapajohns.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 ($105.0k this quarter). Holder counts are more reliable. Shares outstanding: 32.9m as of 2026-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $36.76. Options: 22 managers hold calls ($104.1m notional), 18 hold puts ($119.2m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 249 |
| Q4 2022 | 261 |
| Q1 2023 | 270 |
| Q2 2023 | 260 |
| Q3 2023 | 269 |
| Q4 2023 | 272 |
| Q1 2024 | 279 |
| Q2 2024 | 242 |
| Q3 2024 | 270 |
| Q4 2024 | 258 |
| Q1 2025 | 266 |
| Q2 2025 | 283 |
| Q3 2025 | 272 |
| Q4 2025 | 266 |
| Q1 2026 | 249 |
| Q2 2026 | 259 |
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 2024 | 154 | 123 |
| Q4 2024 | 127 | 138 |
| Q1 2025 | 151 | 131 |
| Q2 2025 | 150 | 137 |
| Q3 2025 | 132 | 141 |
| Q4 2025 | 131 | 152 |
| Q1 2026 | 136 | 126 |
| Q2 2026 | 138 | 108 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $121.6m | $62.3m | 0.51 |
| Q4 2025 | $200.7m | $62.8m | 0.31 |
| Q1 2026 | $66.3m | $47.9m | 0.72 |
| Q2 2026 | $104.1m | $119.2m | 1.14 |
Biggest buyers
| EARNEST PARTNERS LLC | Added | +988.3k |
| BANK OF AMERICA CORP /DE/ | Added | +783.2k |
| SEI INVESTMENTS CO | Added | +569.1k |
| Balyasny Asset Management L.P. | Added | +415.7k |
| Marex Group Ltd | New | +400.4k |
| JONES FINANCIAL COMPANIES LLLP | Added | +273.0k |
| NATIXIS ADVISORS, LLC | Added | +257.7k |
| Greenhouse Funds LLLP | Added | +194.3k |
| BlackRock, Inc. | Added | +138.4k |
| MACQUARIE GROUP LTD | New | +105.8k |
Biggest sellers
| CITADEL ADVISORS LLC | Sold out | -255.0k |
| Woodline Partners LP | Reduced | -245.4k |
| Hudson Bay Capital Management LP | Sold out | -194.4k |
| MARSHALL WACE, LLP | Sold out | -129.6k |
| GROUP ONE TRADING LLC | Sold out | -113.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -104.4k |
| Russell Investments Group, Ltd. | Reduced | -98.6k |
| Anson Funds Management LP | Reduced | -85.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -79.7k |
| UBS Group AG | Reduced | -78.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $21.7m590.2k shares |
| CITADEL ADVISORS LLC | Added | $18.2m493.7k shares |
| GROUP ONE TRADING LLC | Added | $11.4m308.7k shares |
| Centiva Capital, LP | New | $11.3m307.7k shares |
| JPMORGAN CHASE & CO | New | $10.7m300.0k shares |
| IMC-Chicago, LLC | Added | $9.5m259.0k shares |
| Shay Capital LLC | Reduced | $3.3m90.0k shares |
| DeepCurrents Investment Group LLC | New | $2.5m684 shares |
| Sender Co & Partners, Inc. | New | $2.5m67.5k shares |
| Great Hill Capital LLC | Unchanged | $2.4m52.5k shares |
Biggest puts
| Balyasny Asset Management L.P. | New | $25.7m700.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $23.9m6.5k shares |
| BARCLAYS PLC | New | $21.0m570.0k shares |
| CITADEL ADVISORS LLC | Added | $9.5m259.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.3m253.7k shares |
| IMC-Chicago, LLC | Added | $6.2m169.2k shares |
| HRT FINANCIAL LP | Added | $6.2m168.0k shares |
| Caption Management, LLC | New | $4.8m130.0k shares |
| Centiva Capital, LP | New | $3.7m99.8k shares |
| D. E. Shaw & Co., Inc. | Added | $3.4m91.6k 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 2025-07-17 | 14.4% |
| EARNEST PARTNERS LLC 13G · institution +2.9 pts · filed 2026-08-14 | 8.8% |
| BRANDES INVESTMENT PARTNERS, LP 13G · institution new · filed 2026-05-14 | 8.0% |
| MANAGED ACCOUNT ADVISORS LLC 13G · institution +1.7 pts · filed 2026-08-12 | 6.6% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.8% |
| Norbel Investments, S.L. 13G · passive investor new · filed 2026-10-20 | 5.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.0% |
Fell to 5% or below in the last year: DEPRINCE RACE & ZOLLO INC (0.0%, 2026-04-24), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
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.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 5.0m $182.3m | Added +138.4k |
| EARNEST PARTNERS LLC 0.38% of their portfolio | 2.9m $106.3m | Added +988.3k |
| BRANDES INVESTMENT PARTNERS, LP 0.70% of their portfolio | 2.7m $100.4m | Added +97.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.3m $83.2m | Added +783.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 2.0m $72.1m | Added +55.4k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 1.6m $60.6m | Added +569.1k |
| Irth Capital Management LP 100.00% of their portfolio | 1.6m $59.9m | Unchanged |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.5m $54.0m | Added +65.0k |
| STATE STREET CORP 0.00% of their portfolio | 1.3m $48.1m | Added +63.5k |
| Quinn Opportunity Partners LLC 1.72% of their portfolio | 999.0k $36.7m | Reduced -75.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 884.3k $32.5m | Added +47.6k |
| SEGALL BRYANT & HAMILL, LLC 0.35% of their portfolio | 797.4k $29.3m | Reduced -24.0k |
| Greenhouse Funds LLLP 1.43% of their portfolio | 740.3k $27.2m | Added +194.3k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 602.5k $22.2m | Reduced -23.9k |
| JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio | 521.0k $19.2m | Added +273.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 509.7k $18.7m | Added +38.8k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 505.5k $18.6m | Added +257.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 503.5k $18.5m | Reduced -16.4k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.34% of their portfolio | 495.3k $18.2m | Added +3.6k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 477.3k $17.5m | Added +415.7k |
| Shay Capital LLC 1.83% of their portfolio | 451.0k $16.6m | Added +72.3k |
| MORGAN STANLEY 0.00% of their portfolio | 414.2k $15.2m | Added +65.9k |
| Marex Group Ltd 0.11% of their portfolio | 400.4k $14.7m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 379.2k $13.9m | Added +13.2k |
| Great Hill Capital LLC 6.64% of their portfolio | 373.5k $13.7m | Added +93.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 368.6k $13.6m | Added +30.4k |
| Nuveen, LLC 0.00% of their portfolio | 345.9k $12.7m | Added +26.6k |
| Long Focus Capital Management, LLC 0.47% of their portfolio | 310.6k $11.4m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 309.5k $11.4m | Reduced -78.1k |
| Alberta Investment Management Corp 0.06% of their portfolio | 275.7k $10.1m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 247.2k $9.1m | Added +99.0k |
| HEARTLAND ADVISORS INC 0.37% of their portfolio | 228.2k $8.4m | Reduced -11.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 223.0k $8.2m | Reduced -104.4k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 218.1k $8.0m | Added +5.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 211.1k $7.8m | Added +51.6k |
| Invesco Ltd. 0.00% of their portfolio | 176.3k $6.5m | Added +25.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 162.1k $6.0m | Reduced -6.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 159.2k $5.9m | Reduced -295 |
| Verition Fund Management LLC 0.04% of their portfolio | 150.8k $5.5m | Added +90.8k |
| Fiduciary Alliance LLC 0.37% of their portfolio | 149.3k $5.5m | Added +13.7k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 129.2k $4.8m | Added +11.4k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 113.6k $4.2m | Reduced -3.7k |
| K2 PRINCIPAL FUND, L.P. 0.37% of their portfolio | 109.3k $4.0m | Added +36.1k |
| MACQUARIE GROUP LTD 0.02% of their portfolio | 105.8k $3.9m | New |
| SOROS FUND MANAGEMENT LLC 0.05% of their portfolio | 100.0k $3.7m | New |
| Savoir Faire Capital Management, L.P. 2.23% of their portfolio | 97.7k $3.6m | Reduced -26.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 96.2k $3.5m | Reduced -11.8k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 95.0k $3.5m | Reduced -21.9k |
| SIMPLEX TRADING, LLC 0.09% of their portfolio | 94.5k $3.5m | Added +48.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio | 93.3k $3.4m | Reduced -69.0k |
| Man Group plc 0.01% of their portfolio | 90.7k $3.3m | New |
| TIG Advisors, LLC 0.14% of their portfolio | 83.8k $3.1m | Added +73.6k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 83.7k $3.1m | Added +28.0k |
| Cetera Investment Advisers 0.00% of their portfolio | 79.2k $2.9m | Added +1.9k |
| BESSEMER GROUP INC 0.00% of their portfolio | 77.8k $2.9m | Added +140 |
| Legal & General Group Plc 0.00% of their portfolio | 76.5k $2.8m | Added +1.0k |
| IMC-Chicago, LLC 0.02% of their portfolio | 73.9k $2.7m | New |
| BARCLAYS PLC 0.00% of their portfolio | 70.2k $2.6m | Added +25.7k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 67.0k $2.4m | Reduced -16.5k |
| Swiss National Bank 0.00% of their portfolio | 66.0k $2.4m | Added +1.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 65.5k $2.4m | Added +4.9k |
| LPL Financial LLC 0.00% of their portfolio | 65.5k $2.4m | Reduced -31.9k |
| Anson Funds Management LP 0.22% of their portfolio | 65.0k $2.4m | Reduced -85.0k |
| Private Capital Management, LLC 0.21% of their portfolio | 64.2k $2.4m | Added +1.2k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 62.2k $2.3m | Reduced -17.0k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 54.6k $2.0m | Added +24.1k |
| Caption Management, LLC 0.07% of their portfolio | 53.9k $2.0m | New |
| HUNTINGTON NATIONAL BANK 0.01% of their portfolio | 53.5k $2.0m | Reduced -1.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 50.7k $1.9m | Added +8.3k |
| LMR Partners LLP 0.01% of their portfolio | 50.0k $1.8m | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 49.3k $1.8m | Added +7.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 46.1k $1.7m | Reduced -1.0k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 43.4k $1.6m | Added +10.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 42.1k $1.5m | Reduced -607 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 42.0k $1.4m | Reduced -193 |
| MOODY NATIONAL BANK TRUST DIVISION 0.13% of their portfolio | 41.5k $1.5m | Unchanged |
| Headlands Technologies LLC 0.15% of their portfolio | 37.8k $1.4m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 36.4k $1.3m | Reduced -5.2k |
| ISTHMUS PARTNERS, LLC 0.13% of their portfolio | 35.9k $1.3m | Reduced -152 |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 34.3k $1.3m | Added +440 |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 32.8k $1.2m | Added +8.9k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 31.8k $1.2m | Added +7.9k |
| Sanctuary Advisors, LLC 0.01% of their portfolio | 31.8k $1.2m | Added +17.0k |
| Barnett & Company, Inc. 0.82% of their portfolio | 30.0k $1.1m | Reduced -28.1k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 29.9k $1.1m | Reduced -1.9k |
| PEAK6 LLC 0.03% of their portfolio | 29.0k $1.1m | Reduced -1.2k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 28.9k $1.1m | Unchanged |
| Campbell & CO Investment Adviser LLC 0.05% of their portfolio | 26.8k $984.7k | Reduced -766 |
| Woodline Partners LP 0.00% of their portfolio | 26.3k $966.6k | Reduced -245.4k |
| South Dakota Investment Council 0.02% of their portfolio | 26.0k $954.0k | Added +400 |
| SummitTX Capital, L.P. 0.03% of their portfolio | 25.9k $952.9k | Added +2.9k |
| XTX Topco Ltd 0.01% of their portfolio | 25.2k $928.3k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 24.3k $924.8k | Reduced -4.6k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 24.2k $889.0k | Added +9.3k |
| &PARTNERS 0.00% of their portfolio | 23.0k $847.7k | Added +3.5k |
| FNY Investment Advisers, LLC 0.31% of their portfolio | 23.0k $846.0k | Added +19.9k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 21.6k $794.0k | Reduced -280 |
| Atria Investments, Inc 0.01% of their portfolio | 21.0k $772.7k | Added +9.6k |
| Arkadios Wealth Advisors 0.01% of their portfolio | 20.4k $749.8k | Added +351 |
| Brevan Howard Capital Management LP 0.01% of their portfolio | 20.3k $746.6k | Added +2.1k |