Mirova Decreases Stake in Chipotle Mexican Grill

Investment firm lowers holdings in restaurant chain by nearly 50%

Mar. 19, 2026 at 10:52am

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Mirova, an investment management firm, lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 49.7% during the third quarter, according to its most recent 13F filing with the SEC. Mirova now owns 29,138 shares of the restaurant operator's stock, down from 57,929 shares previously.

Why it matters

Chipotle is a major player in the fast-casual restaurant industry, and changes in institutional ownership can signal shifts in investor sentiment around the company's performance and outlook. Mirova's reduced position could indicate broader concerns about Chipotle's growth prospects or profitability.

The details

According to the 13F filing, Mirova sold 28,791 shares of Chipotle during the third quarter, leaving it with a position valued at $1.14 million as of the most recent reporting period. Several other institutional investors and hedge funds also adjusted their Chipotle holdings, with some adding to their positions and others reducing exposure.

  • Mirova lowered its stake in Chipotle during the third quarter of 2026.

The players

Mirova

An investment management firm that previously held a larger 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

Mirova's reduced stake in Chipotle could signal broader concerns about the restaurant chain's growth and profitability, though other institutional investors have taken different approaches to their Chipotle holdings. The changes in ownership structure are worth monitoring as indicators of market sentiment around the company.