Banque Pictet & Cie SA Trims Chipotle Mexican Grill Stake

The Swiss bank reduced its holdings in the restaurant chain by 28.3% in Q4 2025.

Apr. 2, 2026 at 7:34am

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Banque Pictet & Cie SA, a Swiss private bank, trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 28.3% in the fourth quarter of 2025, according to a recent SEC filing. The bank previously owned 662,643 shares of the restaurant operator's stock, valued at $24.52 million, but sold 260,989 shares during the period.

Why it matters

This filing provides insight into the investment strategies of major institutional investors like Banque Pictet & Cie SA, which can signal broader trends in the market and investor sentiment around specific companies like Chipotle. The reduction in Chipotle holdings may indicate a shift in the bank's outlook on the restaurant chain's performance or growth prospects.

The details

In its 13F filing with the SEC, Banque Pictet & Cie SA reported owning 662,643 shares of Chipotle Mexican Grill at the end of the fourth quarter of 2025. This represented a 28.3% reduction from the 923,632 shares the bank held at the end of the previous quarter. The value of Banque Pictet's Chipotle stake decreased from $34.15 million to $24.52 million over the quarter.

  • Banque Pictet & Cie SA filed its 13F report for the fourth quarter of 2025 on April 2, 2026.
  • The bank reduced its Chipotle Mexican Grill holdings by 28.3% during the fourth quarter of 2025.

The players

Banque Pictet & Cie SA

A Swiss private bank that manages investments and wealth for high-net-worth individuals and institutions.

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

This filing highlights the shifting investment strategies of major institutional investors like Banque Pictet & Cie SA, which can provide valuable insights into the market's outlook on companies like Chipotle Mexican Grill. The reduction in Chipotle holdings may signal broader concerns about the restaurant chain's growth prospects or performance, though further analysis would be needed to draw definitive conclusions.