Performance Food Group Shares Purchased by Candlestick Capital

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

Mar. 15, 2026 at 10:36am

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Candlestick Capital Management LP, a hedge fund, significantly increased its position in Performance Food Group Company (NYSE:PFGC) during the third quarter, purchasing an additional 504,371 shares to bring its total holdings to 586,599 shares, or about 0.37% of the company's outstanding stock.

Why it matters

This large increase in ownership by Candlestick Capital signals the hedge fund's confidence in Performance Food Group's future prospects. As a major food distribution company serving a diverse customer base, Performance Food Group's performance is seen as an indicator of broader trends in the foodservice industry.

The details

According to a filing with the Securities and Exchange Commission, Candlestick Capital Management increased its stake in Performance Food Group by 613.4% during the third quarter. The hedge fund now owns approximately 1.5% of Performance Food Group's total shares outstanding, making it the company's 22nd largest shareholder.

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

The players

Candlestick Capital Management LP

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

Performance Food Group Company

A leading foodservice distribution company headquartered in Richmond, Virginia that serves a diverse customer base including restaurants, healthcare facilities, and schools.

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The takeaway

Candlestick Capital's substantial investment in Performance Food Group suggests the hedge fund sees strong growth potential in the food distribution industry, which could signal broader optimism about the recovery of the foodservice sector following the pandemic.