What smart money is saying about Portillo's
1 fund in our archive has pitched Portillo's, most recently Middle Coast Investing in December 2024.
Portillo's Inc., along with its affiliated companies, owns and operates a network of quick-service and fast-casual restaurants throughout the United States. The company's diverse menu prominently features classic Chicago-style hot dogs and sausages, savory Italian beef sandwiches, flame-grilled burgers, crisp chopped salads, signature crinkle-cut French fries, and celebrated homemade chocolate cakes and chocolate cake shakes. By March 10, 2022, Portillo's had expanded its presence to 70 locations across nine states. Customers can also conveniently order its offerings through its official website. The company, established in 1963, maintains its corporate headquarters in Oak Brook, Illinois.
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Position history
Between Q4 2024 and Q3 2026, 2 fund letters reported a position in Portillo's, with 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 1 | 0 |
| Q2 2026 | 1 | 0 | 0 | 0 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 2 positions · 1 move
- September 2026
“We closed our positions in Gogo (GOGO) and Portillo’s (PTLO), and sold our remaining bond in a bond portfolio (Marathon Oil).”
Portillo's - June 2026
“we closed our Apogee Enterprises position. Apogee was in a bucket for us with Lululemon, Gogo, and Portillo’s (PTLO) as zombie positions. We’ve mostly kept them to claim tax losses or as lottery stubs, but our theses have been proven wrong in each of those cases.”
Portillo's
Fund coverage · 1 thesis
- Middle Coast InvestingDecember 2024
Portillo’s is a beloved Chicago-based restaurant chain facing growth limitations in its home market, but it shows potential for expansion, especially in the Sun Belt, with positive cash flow and impressive sales per restaurant.
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