Portillo's Inc.: which funds bought and sold

Institutions that bought and sold Portillo's shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 83 institutions that filed 13F reports for both quarters added to or opened positions in Portillo's, and 86 cut or closed them. Together they sold a net 6.3M shares, −12.2% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 5.6M shares (−23.8%); index fund managers were net buyers of 239K shares (+1.8%). 21 opened a new position and 32 sold out entirely.

Bought, Q2 2026 83 institutions, 21 of them new holders Sold, Q2 2026 86 institutions, 32 of them sold out

Net change, all compared −6.3M shares (−12.2%)

Net change, active managers −5.6M shares (−23.8%), 15 bought, 14 sold

Buyers versus sellers

institutions compared, 200

83 bought 31 86 sold

Active managers and hedge funds 15 bought · 14 sold · −5.6M

Index fund managers 8 bought · 2 sold · +239K

Other institutions 60 bought · 70 sold · −902K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Citadel Advisors LLC Hedge fund	+2.6M +469.5%	3.2M	$14.9M
AQR Capital Management LLC Hedge fund	+772K +251.3%	1.1M	$5.1M
Marshall Wace, LLP Hedge fund	+645K +38.0%	2.3M	$11.1M
Millennium Management LLC Hedge fund	+608K +97.9%	1.2M	$5.8M
Jump Financial, LLC	+471K New position	471K	$2.2M
Goldman Sachs Group Inc	+434K +44.0%	1.4M	$6.7M
Tudor Investment Corp Et Al Hedge fund	+240K New position	240K	$1.1M
Corient Private Wealth LP	+224K +501.5%	269K	$1.3M
State Street Corp Index funds	+167K +12.9%	1.5M	$6.9M
Geode Capital Management, LLC Index funds	+144K +8.6%	1.8M	$8.6M
Quantinno Capital Management LP	+141K +82.4%	311K	$1.5M
Hotchkis & Wiley Capital Management LLC Active manager	+132K +22.0%	734K	$3.5M
Blair William & Co	+130K +11.6%	1.2M	$5.9M
Morgan Stanley	+125K +20.5%	736K	$3.5M
Exoduspoint Capital Management, LP Hedge fund	+113K New position	113K	$533,899
Point72 Asset Management, L.P. Hedge fund	+100K New position	100K	$473,464
Vanguard Portfolio Management LLC Index funds	+83K +13.4%	705K	$3.3M
Atom Investors LP	+75K New position	75K	$354,230
Southeast Asset Advisors, LLC	+70K +16.9%	486K	$2.3M
Victory Capital Management Inc Active manager	+62K +50.0%	187K	$884,010

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Citadel Advisors LLC Hedge fund	+2.6M +469.5%	3.2M	$14.9M
AQR Capital Management LLC Hedge fund	+772K +251.3%	1.1M	$5.1M
Marshall Wace, LLP Hedge fund	+645K +38.0%	2.3M	$11.1M
Millennium Management LLC Hedge fund	+608K +97.9%	1.2M	$5.8M
Tudor Investment Corp Et Al Hedge fund	+240K New position	240K	$1.1M
Hotchkis & Wiley Capital Management LLC Active manager	+132K +22.0%	734K	$3.5M
Exoduspoint Capital Management, LP Hedge fund	+113K New position	113K	$533,899
Point72 Asset Management, L.P. Hedge fund	+100K New position	100K	$473,464
Victory Capital Management Inc Active manager	+62K +50.0%	187K	$884,010
Walleye Capital LLC Hedge fund	+16K +619.7%	18K	$85,391

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Alliancebernstein L.P. Active manager	−5.1M −98.8%	63K	$335,333
Orbis Allan Gray Ltd Active manager	−2.9M −41.0%	4.2M	$19.8M
Select Equity Group, L.P. Active manager	−1.0M −87.9%	140K	$663,766
Balyasny Asset Management L.P. Hedge fund	−845K −97.3%	23K	$109,494
Franklin Resources Inc Active manager	−839K Sold out	0	—
Dimensional Fund Advisors LP	−680K −63.1%	398K	$1.9M
Bank Of America Corp	−378K −53.7%	327K	$1.5M
Nomura Holdings Inc	−351K Sold out	0	—
Jane Street Group, LLC	−299K Sold out	0	—
Blackrock, Inc. Index funds	−210K −4.1%	4.9M	$23.3M
Citigroup Inc	−191K −67.7%	91K	$431,747
Susquehanna International Group, LLP	−158K −19.8%	637K	$3M
UBS Group AG	−143K −43.9%	183K	$867,576
Miller Value Partners, LLC	−129K Sold out	0	—
Creative Planning	−104K −68.6%	48K	$226,430
Renaissance Technologies LLC Hedge fund	−72K −45.9%	85K	$404,521
Simplex Trading, LLC	−71K −66.4%	36K	$169,492
Centerstar Asset Management, LLC	−70K −70.6%	29K	$137,110
Blueshift Asset Management, LLC	−69K Sold out	0	—
Centiva Capital, LP Hedge fund	−62K −60.1%	41K	$194,511

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Alliancebernstein L.P. Active manager	−5.1M −98.8%	63K	$335,333
Orbis Allan Gray Ltd Active manager	−2.9M −41.0%	4.2M	$19.8M
Select Equity Group, L.P. Active manager	−1.0M −87.9%	140K	$663,766
Balyasny Asset Management L.P. Hedge fund	−845K −97.3%	23K	$109,494
Franklin Resources Inc Active manager	−839K Sold out	0	—
Renaissance Technologies LLC Hedge fund	−72K −45.9%	85K	$404,521
Centiva Capital, LP Hedge fund	−62K −60.1%	41K	$194,511
D. E. Shaw & Co., Inc. Hedge fund	−34K Sold out	0	—
Bridgeway Capital Management, LLC Active manager	−30K −6.4%	443K	$2.1M
Engineers Gate Manager LP Hedge fund	−28K −46.0%	33K	$155,453

New positions

largest by value

Institution	Shares	Value June 30, 2026
Jump Financial, LLC	471K	$2.2M
Tudor Investment Corp Et AlHedge fund	240K	$1.1M
Exoduspoint Capital Management, LPHedge fund	113K	$533,899
Point72 Asset Management, L.P.Hedge fund	100K	$473,464
Atom Investors LP	75K	$354,230
Cerity Partners LLC	54K	$256,027
Xtx Topco Ltd	35K	$164,724
Indivisible Partners	20K	$95,734
Jain Global LLCHedge fund	15K	$69,958
Zacks Investment Management	15K	$69,081

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Franklin Resources IncActive manager	839K	$4.4M
Nomura Holdings Inc	351K	$1.9M
Jane Street Group, LLC	299K	$1.6M
Miller Value Partners, LLC	129K	$684,119
Blueshift Asset Management, LLC	69K	$362,788
Marex Group Ltd	53K	$277,725
Axq Capital, LP	37K	$193,841
D. E. Shaw & Co., Inc.Hedge fund	34K	$180,738
Nierenberg Investment Management Company, LLC	34K	$177,506
Inscription Capital, LLC	31K	$165,207

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 169
Ten largest holders: 61.4%
Index fund managers: 30.2%
Active managers and hedge funds: 39.7%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	15	14	5	4	−5.6M	−23.8%
Index fund managers	8	2	0	1	+239K	+1.8%
Other institutions	60	70	16	27	−902K	−6.2%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Portillo's.

Only managers that filed a holdings report for both quarters are compared (200 here). 5 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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