WINGSTOP INC WING
COM · Common Stock · CUSIP 974155103 · ISIN US9741551033
American fast food chain
- SectorConsumer discretionary
- IndustryRetail-Eating Places
- HeadquartersDallas, TX
- Founded1994
- Websitewingstop.com.mx
- 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 ($25.5m this quarter). Holder counts are more reliable. Shares outstanding: 27.8m as of 2025-11-03, 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 ≈ $238.62. Options: 17 managers hold calls ($189.8m notional), 20 hold puts ($221.8m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 294 |
| Q4 2022 | 325 |
| Q1 2023 | 346 |
| Q2 2023 | 361 |
| Q3 2023 | 334 |
| Q4 2023 | 382 |
| Q1 2024 | 426 |
| Q2 2024 | 460 |
| Q3 2024 | 490 |
| Q4 2024 | 452 |
| Q1 2025 | 436 |
| Q2 2025 | 474 |
| Q3 2025 | 420 |
| Q4 2025 | 449 |
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 | 216 | 203 |
| Q2 2024 | 245 | 212 |
| Q3 2024 | 259 | 220 |
| Q4 2024 | 211 | 272 |
| Q1 2025 | 231 | 232 |
| Q2 2025 | 254 | 228 |
| Q3 2025 | 179 | 266 |
| Q4 2025 | 216 | 219 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $121.0m | $235.2m | 1.94 |
| Q2 2025 | $244.9m | $337.8m | 1.38 |
| Q3 2025 | $299.3m | $324.0m | 1.08 |
| Q4 2025 | $189.8m | $221.8m | 1.17 |
Biggest buyers
| FMR LLC | Added | +889.3k |
| T. Rowe Price Investment Management, Inc. | Added | +654.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +456.9k |
| Atreides Management, LP | New | +390.0k |
| BlackRock, Inc. | Added | +389.6k |
| TREMBLANT CAPITAL GROUP | Added | +371.4k |
| CITADEL ADVISORS LLC | Added | +267.1k |
| Darsana Capital Partners LP | Added | +250.0k |
| GOLDMAN SACHS GROUP INC | Added | +235.2k |
| Bank of New York Mellon Corp | Added | +230.3k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -575.0k |
| D1 Capital Partners L.P. | Sold out | -472.1k |
| Capital World Investors | Reduced | -383.6k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -332.0k |
| SAMLYN CAPITAL, LLC | Sold out | -317.3k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -305.7k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -302.2k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -236.4k |
| AMERIPRISE FINANCIAL INC | Reduced | -211.3k |
| Invesco Ltd. | Reduced | -206.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $51.5m216.1k shares |
| CITADEL ADVISORS LLC | Added | $40.5m169.9k shares |
| IMC-Chicago, LLC | Reduced | $27.0m113.2k shares |
| D. E. Shaw & Co., Inc. | Added | $18.3m76.7k shares |
| Squarepoint Ops LLC | Reduced | $15.6m65.5k shares |
| JANE STREET GROUP, LLC | Added | $10.6m44.6k shares |
| SIMPLEX TRADING, LLC | Added | $6.0m25.1k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $4.8m20.1k shares |
| WELLS FARGO & COMPANY/MN | Added | $4.7m19.7k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $2.7m11.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $72.8m305.4k shares |
| CITADEL ADVISORS LLC | Reduced | $43.1m180.8k shares |
| D. E. Shaw & Co., Inc. | Reduced | $27.1m113.6k shares |
| IMC-Chicago, LLC | Added | $23.8m99.7k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $11.0m46.0k shares |
| MOORE CAPITAL MANAGEMENT, LP | New | $7.2m30.0k shares |
| Walleye Capital LLC | Added | $6.2m26.1k shares |
| WELLS FARGO & COMPANY/MN | New | $4.7m19.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.1m17.0k shares |
| GROUP ONE TRADING LLC | Reduced | $4.0m16.9k 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 |
|---|---|
| FMR LLC 13G · institution +6.4 pts · filed 2026-05-07 | 14.2% |
| BlackRock, Inc. 13G · institution -2.6 pts · filed 2025-04-17 | 9.6% |
| Darsana Capital Partners LP 13G · passive investor new · filed 2026-05-12 | 5.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.3% |
Fell to 5% or below in the last year: PRICE T ROWE ASSOCIATES INC /MD/ (0.5%, 2026-08-14), LONE PINE CAPITAL LLC (0.0%, 2026-05-15), MASSACHUSETTS FINANCIAL SERVICES CO /MA/ (4.8%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC), AMERICAN CENTURY INVESTMENT MANAGEMENT INC (4.1%, 2026-02-13)
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 | — | 4 | $5.4m | — |
| Q2 2024 | 0 | — | 4 | $2.4m | — |
| Q3 2024 | 0 | — | 1 | $1.2m | — |
| Q4 2024 | 0 | — | 1 | $86.3k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 3 | $3.7m | — |
| Q3 2025 | 0 | — | 3 | $8.1m | — |
| Q4 2025 | 0 | — | 1 | $69.9k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-11-25 | Madati Kilandigalu Director | Sold | $69.9k269 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 3.1m $748.4m | Added +389.6k |
| VANGUARD GROUP INC 0.01% of their portfolio | 2.6m $621.2m | Reduced -15.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 2.1m $503.5m | Added +58.4k |
| T. Rowe Price Investment Management, Inc. 0.17% of their portfolio | 1.8m $419.2m | Added +654.2k |
| LONE PINE CAPITAL LLC 2.80% of their portfolio | 1.6m $380.5m | Added +104.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.11% of their portfolio | 1.4m $335.3m | Added +456.9k |
| FMR LLC 0.02% of their portfolio | 1.4m $328.5m | Added +889.3k |
| AMERICAN CENTURY COMPANIES INC 0.14% of their portfolio | 1.1m $268.7m | Reduced -302.2k |
| Darsana Capital Partners LP 4.75% of their portfolio | 1.0m $238.5m | Added +250.0k |
| STEADFAST CAPITAL MANAGEMENT LP 3.97% of their portfolio | 951.1k $226.8m | Added +532 |
| STATE STREET CORP 0.01% of their portfolio | 831.0k $198.2m | Reduced -5.1k |
| Artisan Partners Limited Partnership 0.30% of their portfolio | 828.3k $197.5m | Reduced -62.2k |
| Champlain Investment Partners, LLC 1.64% of their portfolio | 678.2k $161.7m | Reduced -89.0k |
| JANUS HENDERSON GROUP PLC 0.07% of their portfolio | 675.3k $161.1m | Added +31.6k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 579.7k $138.3m | Added +115.6k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 566.3k $135.1m | Reduced -9.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 564.0k $134.5m | Added +8.6k |
| Clearbridge Investments, LLC 0.11% of their portfolio | 553.7k $132.0m | Added +80.9k |
| TREMBLANT CAPITAL GROUP 3.00% of their portfolio | 493.1k $117.6m | Added +371.4k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 438.9k $104.7m | Added +230.3k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 431.4k $102.9m | Reduced -575.0k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 412.1k $99.0m | Added +57.7k |
| Atreides Management, LP 1.97% of their portfolio | 390.0k $93.0m | New |
| FEDERATED HERMES, INC. 0.15% of their portfolio | 378.9k $90.4m | Reduced -61.9k |
| Capital International Investors 0.01% of their portfolio | 373.5k $89.1m | Added +57.8k |
| WASATCH ADVISORS LP 0.51% of their portfolio | 359.4k $85.7m | Reduced -15.4k |
| Capital World Investors 0.01% of their portfolio | 357.3k $85.2m | Reduced -383.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 344.7k $82.2m | Added +235.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 339.2k $80.9m | Reduced -332.0k |
| NORGES BANK 0.01% of their portfolio | 324.3k $77.3m | Not comparable |
| UBS Group AG 0.01% of their portfolio | 308.6k $73.6m | Added +189.9k |
| MORGAN STANLEY 0.00% of their portfolio | 307.3k $73.3m | Added +38.9k |
| Stephens Investment Management Group LLC 0.95% of their portfolio | 305.3k $72.8m | Reduced -110.2k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 304.6k $72.6m | Added +2.3k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 287.8k $68.6m | Reduced -211.3k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 281.9k $67.2m | Added +267.1k |
| Copeland Capital Management, LLC 1.45% of their portfolio | 272.0k $64.9m | Reduced -15.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 257.7k $61.5m | Reduced -17.5k |
| Nuveen, LLC 0.02% of their portfolio | 248.2k $59.2m | Added +11.1k |
| FRED ALGER MANAGEMENT, LLC 0.23% of their portfolio | 245.5k $58.6m | Added +26.2k |
| Thrivent Financial for Lutherans 0.10% of their portfolio | 237.5k $56.6m | Reduced -13.4k |
| Fiera Capital Corp 0.17% of their portfolio | 228.1k $54.4m | Added +56.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 220.6k $52.6m | Added +2.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 219.0k $52.2m | Added +40.6k |
| BAMCO INC /NY/ 0.14% of their portfolio | 215.2k $51.3m | Added +55.5k |
| Sculptor Capital LP 0.57% of their portfolio | 200.0k $47.7m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 199.8k $47.6m | Added +2.5k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 182.5k $43.5m | Reduced -21.1k |
| Two Creeks Capital Management, LP 3.35% of their portfolio | 171.5k $40.9m | Added +13.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 165.8k $39.5m | Added +21.9k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 142.1k $33.9m | Reduced -34.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 140.0k $33.4m | Added +37.5k |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 0.68% of their portfolio | 129.1k $30.8m | Reduced -22.5k |
| Point72 Asset Management, L.P. 0.05% of their portfolio | 124.7k $29.7m | Added +104.1k |
| Allspring Global Investments Holdings, LLC 0.05% of their portfolio | 122.9k $31.6m | Reduced -39.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 120.9k $28.8m | Added +11.9k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.29% of their portfolio | 114.1k $27.2m | Reduced -5.9k |
| Baird Financial Group, Inc. 0.04% of their portfolio | 96.9k $23.1m | Added +13.4k |
| WCM INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 96.9k $23.3m | Reduced -5.8k |
| BLAIR WILLIAM & CO/IL 0.06% of their portfolio | 90.8k $21.6m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 85.7k $20.4m | Added +82.4k |
| TimesSquare Capital Management, LLC 0.30% of their portfolio | 84.3k $20.1m | Added +75.1k |
| Ranger Investment Management, L.P. 1.35% of their portfolio | 82.5k $19.7m | Reduced -271 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 81.5k $19.4m | Reduced -78.8k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 79.7k $19.0m | Reduced -15.2k |
| 12 West Capital Management LP 2.24% of their portfolio | 79.0k $18.8m | Reduced -35.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 78.8k $18.8m | Added +1.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 74.4k $17.7m | Reduced -3.1k |
| NICHOLAS COMPANY, INC. 0.31% of their portfolio | 73.5k $17.5m | Added +10 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 69.4k $16.6m | Reduced -3.5k |
| BESSEMER GROUP INC 0.02% of their portfolio | 64.9k $15.5m | Reduced -998 |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 63.5k $15.2m | Added +17.7k |
| Rivermont Capital Management LP 3.51% of their portfolio | 62.0k $14.8m | New |
| TD Asset Management Inc 0.01% of their portfolio | 60.1k $14.3m | Added +2.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 59.6k $14.2m | Reduced -2.2k |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 58.8k $14.0m | Added +52.7k |
| Nicholas Investment Partners, LP 1.02% of their portfolio | 58.7k $14.0m | Added +44.0k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.05% of their portfolio | 55.6k $13.2m | Added +37.2k |
| Swiss National Bank 0.01% of their portfolio | 55.1k $13.1m | Added +1.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 54.5k $13.0m | Added +2.3k |
| Invesco Ltd. 0.00% of their portfolio | 51.9k $12.4m | Reduced -206.4k |
| Carnegie Investment Counsel 0.23% of their portfolio | 51.7k $12.3m | Added +13.0k |
| Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio | 50.3k $12.0m | Added +48.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 50.3k $12.0m | Reduced -20.8k |
| California Public Employees Retirement System 0.01% of their portfolio | 48.7k $11.6m | Added +9.7k |
| Woodline Partners LP 0.04% of their portfolio | 48.6k $11.6m | New |
| CITIGROUP INC 0.01% of their portfolio | 42.7k $10.2m | Added +29.9k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.04% of their portfolio | 42.1k $10.1m | Reduced -1.7k |
| Legal & General Group Plc 0.00% of their portfolio | 42.0k $10.0m | Reduced -1.6k |
| SG Americas Securities, LLC 0.01% of their portfolio | 41.3k $9.9m | Added +35.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 40.4k $9.6m | Reduced -31.6k |
| Verition Fund Management LLC 0.05% of their portfolio | 37.6k $9.0m | Added +18.5k |
| Mizuho Markets Cayman LP 0.43% of their portfolio | 36.0k $8.6m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 33.7k $8.0m | Reduced -37.9k |
| Retirement Systems of Alabama 0.03% of their portfolio | 33.3k $8.0m | Reduced -413 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 33.1k $7.9m | Reduced -6.7k |
| Walleye Capital LLC 0.04% of their portfolio | 32.2k $7.7m | Added +26.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 29.1k $6.9m | Reduced -1.7k |
| CIBC Private Wealth Group LLC 0.01% of their portfolio | 27.9k $6.7m | Reduced -14.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 26.6k $6.3m | Reduced -700 |