Candlestick Capital Boosts Stake in Performance Food Group

Hedge fund increases position in food distribution company by over 600%

Mar. 15, 2026 at 11:10am

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Candlestick Capital Management LP significantly increased its stake in Performance Food Group Company (NYSE:PFGC), a leading foodservice distribution company based in Richmond, Virginia. The hedge fund's holdings in PFGC grew by 613.4% in the third quarter, making it the 22nd largest position in Candlestick's portfolio.

Why it matters

This sizable investment by Candlestick Capital, a prominent hedge fund, signals their confidence in Performance Food Group's growth potential within the food distribution industry. The move also highlights institutional investors' continued interest in the company as it navigates industry challenges and opportunities.

The details

According to a regulatory filing, Candlestick Capital Management lifted its position in Performance Food Group to 586,599 shares, up from just 82,228 shares in the prior quarter. This 613.4% increase makes PFGC the 22nd largest holding in Candlestick's portfolio, comprising around 1.5% of the fund's total assets.

  • Candlestick Capital Management increased its stake in Performance Food Group during the 3rd quarter of 2026.

The players

Candlestick Capital Management LP

A hedge fund that significantly increased its stake in Performance Food Group Company.

Performance Food Group Company

A leading foodservice distribution company headquartered in Richmond, Virginia.

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The takeaway

Candlestick Capital's substantial investment in Performance Food Group underscores the hedge fund's confidence in the company's ability to navigate industry challenges and capitalize on growth opportunities within the food distribution sector.