PORTILLOS INC PTLO
COM CL A · Common Stock · CUSIP 73642K106
- SectorConsumer discretionary
- IndustryRetail-Eating Places
- HeadquartersOak Brook, IL
- 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 ($1.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $4.55. Options: 9 managers hold calls ($8.7m notional), 12 hold puts ($13.9m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 151 |
| Q4 2022 | 171 |
| Q1 2023 | 185 |
| Q2 2023 | 187 |
| Q3 2023 | 175 |
| Q4 2023 | 183 |
| Q1 2024 | 196 |
| Q2 2024 | 179 |
| Q3 2024 | 179 |
| Q4 2024 | 190 |
| Q1 2025 | 197 |
| Q2 2025 | 199 |
| Q3 2025 | 184 |
| Q4 2025 | 190 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 108 | 70 |
| Q2 2024 | 100 | 92 |
| Q3 2024 | 96 | 64 |
| Q4 2024 | 96 | 84 |
| Q1 2025 | 108 | 82 |
| Q2 2025 | 103 | 84 |
| Q3 2025 | 101 | 106 |
| Q4 2025 | 104 | 89 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $20.4m | $21.8m | 1.07 |
| Q2 2025 | $23.0m | $21.8m | 0.95 |
| Q3 2025 | $11.1m | $17.9m | 1.62 |
| Q4 2025 | $8.7m | $13.9m | 1.60 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | New | +2.3m |
| GOLDMAN SACHS GROUP INC | Added | +1.6m |
| JANE STREET GROUP, LLC | Added | +968.6k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +688.8k |
| BANK OF AMERICA CORP /DE/ | Added | +435.0k |
| BlackRock, Inc. | Added | +404.9k |
| Point72 Asset Management, L.P. | Added | +394.6k |
| CITIGROUP INC | Added | +377.0k |
| MORGAN STANLEY | Added | +316.4k |
| Squarepoint Ops LLC | Added | +303.6k |
Biggest sellers
| Engaged Capital LLC | Reduced | -3.5m |
| AMERIPRISE FINANCIAL INC | Sold out | -2.0m |
| JANUS HENDERSON GROUP PLC | Sold out | -1.2m |
| VANGUARD GROUP INC | Reduced | -1.2m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -744.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -463.7k |
| UBS Group AG | Reduced | -377.0k |
| COOPER INVESTORS PTY LTD | Sold out | -311.6k |
| GM Advisory Group, LLC | Sold out | -300.0k |
| BLAIR WILLIAM & CO/IL | Reduced | -278.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.6m361.6k shares |
| PEAK6 LLC | Unchanged | $1.6m359.0k shares |
| CITADEL ADVISORS LLC | Added | $1.4m305.9k shares |
| GROUP ONE TRADING LLC | Added | $1.3m289.8k shares |
| SIMPLEX TRADING, LLC | Added | $920.3k202.7k shares |
| IMC-Chicago, LLC | Added | $759.5k167.3k shares |
| Walleye Capital LLC | Added | $668.3k147.2k shares |
| Walleye Trading LLC | Added | $262.9k57.9k shares |
| JANE STREET GROUP, LLC | Added | $127.1k28.0k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | New | $3.6m790.0k shares |
| CITADEL ADVISORS LLC | Reduced | $2.4m524.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.0m432.7k shares |
| IMC-Chicago, LLC | Added | $1.5m321.4k shares |
| Caption Management, LLC | Unchanged | $908.0k200.0k shares |
| GROUP ONE TRADING LLC | Reduced | $747.7k164.7k shares |
| Walleye Capital LLC | Added | $719.1k158.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $675.6k148.8k shares |
| SIG BROKERAGE, LP | New | $454.0k100.0k shares |
| D. E. Shaw & Co., Inc. | New | $439.0k96.7k 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 |
|---|---|
| ORBIS INVESTMENT MANAGEMENT LTD 13G · institution -4.1 pts · filed 2026-08-14 | 5.7% |
| Berkshire Partners Holdings LLC 13G · exempt (held before listing) filed 2025-08-13 | 5.2% |
Fell to 5% or below in the last year: ALLIANCEBERNSTEIN L.P. (0.1%, 2026-08-14), VANGUARD GROUP INC (0.0%, 2026-03-27), AMERIPRISE FINANCIAL INC (2.7%, 2025-11-14)
Insider purchases and sales in Q4 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 |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 1 | $27.3k | $27.3k |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 2 | $1.8m | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 1 | $929.5k | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $122.3m | — |
| Q3 2025 | 4 | $1.6m | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| Orbis Allan Gray Ltd 0.13% of their portfolio | 7.0m $31.8m | Added +155.2k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 5.3m $24.0m | Reduced -270.6k |
| BlackRock, Inc. 0.00% of their portfolio | 5.0m $22.9m | Added +404.9k |
| VANGUARD GROUP INC 0.00% of their portfolio | 4.0m $18.1m | Reduced -1.2m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.7m $12.4m | Added +1.6m |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 2.3m $10.4m | New |
| Zuckerman Investment Group, LLC 0.80% of their portfolio | 2.0m $8.9m | Added +114.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.7m $7.7m | Reduced -15.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.7m $7.6m | Added +124.0k |
| Engaged Capital LLC 1.78% of their portfolio | 1.5m $7.0m | Reduced -3.5m |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.4m $6.3m | Reduced -744.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 1.2m $5.5m | Added +688.8k |
| STATE STREET CORP 0.00% of their portfolio | 1.2m $5.4m | Reduced -51.9k |
| Select Equity Group, L.P. 0.02% of their portfolio | 1.1m $5.2m | Added +164.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 1.1m $5.1m | Added +968.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 1.1m $5.1m | Reduced -219.3k |
| MORGAN STANLEY 0.00% of their portfolio | 1.1m $5.0m | Added +316.4k |
| Berkshire Partners LLC 100.00% of their portfolio | 1.0m $4.7m | Unchanged |
| BLAIR WILLIAM & CO/IL 0.01% of their portfolio | 985.0k $4.5m | Reduced -278.9k |
| Squarepoint Ops LLC 0.01% of their portfolio | 806.1k $3.7m | Added +303.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 681.9k $3.1m | Added +435.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 643.3k $2.9m | Added +148.4k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 615.7k $2.8m | Added +394.6k |
| UBS Group AG 0.00% of their portfolio | 597.5k $2.7m | Reduced -377.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 560.1k $2.5m | Reduced -46.1k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 400.7k $1.8m | Reduced -3.8k |
| CITIGROUP INC 0.00% of their portfolio | 388.1k $1.8m | Added +377.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 355.1k $1.6m | Reduced -463.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 325.1k $1.5m | Added +203.7k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 263.1k $1.2m | Reduced -156.2k |
| Chicago Partners Investment Group LLC 0.04% of their portfolio | 260.9k $1.6m | Added +205 |
| IMC-Chicago, LLC 0.02% of their portfolio | 230.2k $1.0m | Reduced -6.4k |
| Empowered Funds, LLC 0.02% of their portfolio | 227.5k $1.0m | Added +23.0k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 227.4k $1.0m | Added +5.6k |
| Invesco Ltd. 0.00% of their portfolio | 224.2k $1.0m | Added +77.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 191.0k $867.2k | Reduced -14.9k |
| Quantinno Capital Management LP 0.00% of their portfolio | 186.8k $848.2k | Added +165.7k |
| CenterStar Asset Management, LLC 1.29% of their portfolio | 180.0k $818.1k | Added +15.0k |
| HRT FINANCIAL LP 0.00% of their portfolio | 156.8k $712.0k | Added +31.8k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 153.5k $697.0k | Reduced -14.6k |
| Quadrature Capital Ltd 0.01% of their portfolio | 146.7k $666.1k | New |
| Nuveen, LLC 0.00% of their portfolio | 140.5k $638.0k | Added +29.9k |
| Lakewood Asset Management LLC 0.36% of their portfolio | 135.5k $615.2k | Reduced -1.6k |
| Southeast Asset Advisors, LLC 0.06% of their portfolio | 130.2k $591.3k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 104.7k $475.1k | Added +20.8k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 103.6k $470.2k | Added +2.8k |
| Creative Planning 0.00% of their portfolio | 101.5k $460.7k | Added +83.2k |
| Caption Management, LLC 0.02% of their portfolio | 100.0k $454.0k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 98.5k $447.0k | Reduced -4.5k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 93.3k $423.7k | Reduced -18.8k |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 91.8k $417.0k | Reduced -70.2k |
| 4WEALTH ADVISORS, INC. 0.34% of their portfolio | 85.2k $386.9k | Added +362 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 83.3k $378.2k | Added +26.7k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 80.2k $364.1k | Added +71.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 76.5k $347.3k | Reduced -7.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 75.3k $341.9k | Added +30.4k |
| Walleye Capital LLC 0.00% of their portfolio | 74.8k $339.4k | Added +40.1k |
| Corient Private Wealth LP 0.00% of their portfolio | 68.2k $309.9k | Added +34.8k |
| Brooklyn Investment Group 0.01% of their portfolio | 60.1k $279.7k | New |
| Capstone Financial Advisors, Inc. 0.01% of their portfolio | 58.7k $266.7k | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 57.3k $260.2k | Added +31.4k |
| SIG BROKERAGE, LP 0.08% of their portfolio | 49.4k $224.4k | New |
| Marex Group Ltd 0.00% of their portfolio | 45.0k $204.3k | New |
| AXQ CAPITAL, LP 0.04% of their portfolio | 43.8k $199.0k | New |
| Aristides Capital LLC 0.07% of their portfolio | 43.4k $197.0k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 42.5k $192.8k | Reduced -732 |
| Virtu Financial LLC 0.01% of their portfolio | 42.3k $192.0k | New |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 40.0k $181.6k | Reduced -200 |
| MetLife Investment Management, LLC 0.00% of their portfolio | 36.2k $164.2k | Added +8.1k |
| Miller Financial Services LLC 0.19% of their portfolio | 34.8k $157.9k | Reduced -18.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 34.8k $158.0k | Added +5.1k |
| Verition Fund Management LLC 0.00% of their portfolio | 32.5k $147.6k | Reduced -1.1k |
| Clear Harbor Asset Management, LLC 0.01% of their portfolio | 31.5k $143.0k | New |
| BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio | 31.0k $140.9k | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 31.0k $140.8k | Added +3.5k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 30.4k $138.1k | New |
| Aigen Investment Management, LP 0.03% of their portfolio | 29.5k $133.8k | Added +15.5k |
| AlphaQuest LLC 0.01% of their portfolio | 29.0k $131.6k | Unchanged |
| HighPoint Advisor Group LLC 0.00% of their portfolio | 28.8k $130.8k | Reduced -11.8k |
| Engineers Gate Manager LP 0.00% of their portfolio | 27.8k $126.4k | New |
| Cetera Investment Advisers 0.00% of their portfolio | 26.5k $120.1k | Added +8.9k |
| XTX Topco Ltd 0.00% of their portfolio | 26.1k $118.6k | Reduced -13.4k |
| Quantbot Technologies LP 0.00% of their portfolio | 25.7k $116.6k | Reduced -48.3k |
| Atom Investors LP 0.01% of their portfolio | 25.3k $115.0k | New |
| INSIGHT 2811, INC. 0.05% of their portfolio | 24.9k $113.1k | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 24.2k $110.0k | Reduced -606 |
| Graham Capital Management, L.P. 0.00% of their portfolio | 23.7k $107.5k | Reduced -25.1k |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 22.9k $104.2k | Unchanged |
| &PARTNERS 0.00% of their portfolio | 22.4k $98.1k | Added +12.4k |
| Mesirow Financial Investment Management, Inc. 0.00% of their portfolio | 20.9k $95.1k | Reduced -3.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 20.4k $92.4k | Added +1.1k |
| Inscription Capital, LLC 0.01% of their portfolio | 20.3k $92.4k | New |
| Ballentine Partners, LLC 0.00% of their portfolio | 19.7k $89.3k | New |
| Alpine Global Management, LLC 0.02% of their portfolio | 19.5k $88.7k | New |
| Brevan Howard Capital Management LP 0.00% of their portfolio | 18.3k $82.9k | Reduced -216.1k |
| Walleye Trading LLC 0.00% of their portfolio | 17.7k $80.2k | Reduced -2.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 16.8k $76.0k | Reduced -140.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 16.7k $75.7k | Unchanged |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 16.3k $74.1k | New |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 16.0k $72.7k | Unchanged |