Marathon Trading Investment Management Boosts Chipotle Stake

Institutional investor increases position in restaurant chain by over 370%

Mar. 11, 2026 at 11:40am

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Marathon Trading Investment Management LLC significantly increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the third quarter, according to a recent 13F filing. The firm added 34,541 shares, bringing its total position to 43,841 shares worth $1.72 million.

Why it matters

Chipotle has faced some headwinds recently, with declining same-store sales and softer foot traffic. However, the company continues to expand its footprint, planning to open hundreds of new restaurants. This move by Marathon Trading Investment Management suggests the firm sees long-term value in Chipotle despite the near-term challenges.

The details

According to the 13F filing, Marathon Trading Investment Management increased its position in Chipotle by 371.4% during the third quarter. The firm now owns 43,841 shares of the restaurant operator's stock, up from just 9,300 shares in the prior quarter.

  • Marathon Trading Investment Management filed its 13F report for the third quarter on November 15, 2026.

The players

Marathon Trading Investment Management LLC

An institutional investment firm that manages a portfolio of stocks, including a significant position in Chipotle Mexican Grill.

Chipotle Mexican Grill, Inc.

A fast-casual restaurant chain known for its Mexican-inspired menu of burritos, bowls, tacos and salads.

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The takeaway

Marathon Trading Investment Management's substantial increase in its Chipotle stake suggests the firm believes the restaurant chain has long-term growth potential, despite facing some near-term headwinds. This move highlights the diverging views on Chipotle's prospects among institutional investors.