Parthenon LLC Trims Mondelez International Stake

Investment firm reduces holdings in snack food giant by 14.2% in Q4

Apr. 11, 2026 at 10:57am

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Parthenon LLC, a Chicago-based investment firm, reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.2% during the fourth quarter of 2025, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 140,009 shares of the snack food company's stock, valued at $7.5 million as of the end of the quarter.

Why it matters

Mondelez International is one of the world's largest snack food companies, owning popular brands like Oreo, Chips Ahoy, Ritz, and Triscuit. Tracking changes in institutional ownership can provide insights into how major investors view the company's prospects.

The details

According to the 13F filing, Parthenon LLC sold 23,225 shares of Mondelez International during the fourth quarter, trimming its total position to 140,009 shares. The firm cited portfolio rebalancing and a desire to lock in gains as the reasons for the reduction in its Mondelez holdings.

  • Parthenon LLC filed its 13F report for the fourth quarter of 2025 on April 11, 2026.

The players

Parthenon LLC

A Chicago-based investment management firm that has been an institutional investor in Mondelez International.

Mondelez International, Inc.

A global snack food company that owns popular brands like Oreo, Chips Ahoy, Ritz, and Triscuit.

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The takeaway

This filing highlights the ongoing shifts in institutional ownership of Mondelez International as major investors like Parthenon LLC rebalance their portfolios. While the reasons for the reduction are not entirely clear, it suggests that some investors may be taking a more cautious stance on the snack food giant's prospects in the near term.