Cliff Asness's PZZA Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 49,603 shares of Papa John's International, Inc. (PZZA) worth $1.91 M, representing 0.00% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 47 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in PZZA, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2021, adding 233,947 shares. Largest reduction occurred in Q2 2021, reducing 160,800 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Papa John's International (PZZA) Holding Value Over Time
Track share changes against reported price movement
Quarterly Papa John's International (PZZA) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -2,779 | Reduce 5.31% | 49,603 | $38.49 |
| Q3 2025 | +57 | Add 0.11% | 52,382 | $47.70 |
| Q2 2025 | +37,366 | Add 249.79% | 52,325 | $48.24 |
| Q1 2025 | +14,959 | New Buy | 14,959 | $40.11 |
| Q4 2024 | -4,708 | Sold Out | 0 | $0.00 |
| Q3 2024 | -510 | Reduce 9.77% | 4,708 | $53.87 |
| Q2 2024 | +5,218 | New Buy | 5,218 | $46.95 |
| Q1 2024 | -14,490 | Sold Out | 0 | $0.00 |
| Q4 2023 | +2,893 | Add 24.95% | 14,490 | $76.23 |
| Q3 2023 | +11,597 | New Buy | 11,597 | $68.22 |
| Q1 2023 | -4,035 | Sold Out | 0 | $0.00 |
| Q4 2022 | -7,221 | Reduce 64.15% | 4,035 | $82.31 |
| Q3 2022 | -32,714 | Reduce 74.40% | 11,256 | $70.01 |
| Q2 2022 | -47,554 | Reduce 51.96% | 43,970 | $83.51 |
| Q1 2022 | +11,710 | Add 14.67% | 91,524 | $105.28 |
| Q4 2021 | -8,277 | Reduce 9.40% | 79,814 | $133.47 |
| Q3 2021 | -130,802 | Reduce 59.76% | 88,091 | $126.99 |
| Q2 2021 | -160,800 | Reduce 42.35% | 218,893 | $104.44 |
| Q1 2021 | +233,947 | Add 160.52% | 379,693 | $88.64 |
| Q4 2020 | -6,977 | Reduce 4.57% | 145,746 | $84.85 |
| Q3 2020 | +53,108 | Add 53.31% | 152,723 | $82.28 |
| Q2 2020 | +92,831 | Add 1368.38% | 99,615 | $78.14 |
| Q1 2020 | +3,308 | Add 95.17% | 6,784 | $53.36 |
| Q4 2019 | +3,476 | New Buy | 3,476 | $63.29 |
| Q1 2019 | -6,623 | Sold Out | 0 | $0.00 |
| Q4 2018 | +6,623 | New Buy | 6,623 | $39.86 |
| Q4 2017 | -9,377 | Sold Out | 0 | $0.00 |
| Q3 2017 | -13,711 | Reduce 59.39% | 9,377 | $73.05 |
| Q2 2017 | -6,949 | Reduce 23.13% | 23,088 | $71.77 |
| Q1 2017 | +16,237 | Add 117.66% | 30,037 | $80.03 |
| Q4 2016 | +7,463 | Add 117.77% | 13,800 | $85.58 |
| Q3 2016 | -62 | Reduce 0.97% | 6,337 | $78.90 |
| Q2 2016 | -4,642 | Reduce 42.04% | 6,399 | $67.98 |
| Q1 2016 | -17,780 | Reduce 61.69% | 11,041 | $54.16 |
| Q4 2015 | -18,447 | Reduce 39.03% | 28,821 | $55.90 |
| Q3 2015 | -1,118 | Reduce 2.31% | 47,268 | $68.48 |
| Q2 2015 | -1,212 | Reduce 2.44% | 48,386 | $75.60 |
| Q1 2015 | -2,126 | Reduce 4.11% | 49,598 | $61.82 |
| Q4 2014 | -1,200 | Reduce 2.27% | 51,724 | $55.80 |
| Q3 2014 | -1,300 | Reduce 2.40% | 52,924 | $39.98 |
| Q1 2014 | -17,174 | Reduce 24.05% | 54,224 | $52.12 |
| Q4 2013 | -33,000 | Reduce 31.61% | 71,398 | $45.39 |
| Q3 2013 | -34,026 | Reduce 24.58% | 104,398 | $34.94 |
| Q2 2013 | +138,424 | Add 0.00% | 138,424 | $32.68 |
| Q4 2012 | +135,824 | Add 0.00% | 135,824 | $27.47 |
Cliff Asness's Papa John's International Investment FAQs
Cliff Asness first purchased Papa John's International, Inc. (PZZA) in Q4 2012, acquiring 135,824 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Papa John's International, Inc. (PZZA) for 47 quarters since Q4 2012.
Cliff Asness's largest addition to Papa John's International, Inc. (PZZA) was in Q1 2021, adding 379,693 shares worth $33.66 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 49,603 shares of Papa John's International, Inc. (PZZA), valued at approximately $1.91 M.
As of the Q4 2025 filing, Papa John's International, Inc. (PZZA) represents approximately 0.00% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Papa John's International, Inc. (PZZA) was 379,693 shares, as reported at the end of Q1 2021.