West Palm Beach (HedgeCo.net) – Hedge fund Tremblant Capital reported that it now owns 1.1 million shares of Chipotle Mexican Grill, bringing its total shares in the Denver-based fast food restaurant to 5.7%.

"Chipotle shares have fallen recently, and the hedge fund obviously saw opportunity there," news resource SeekingAlpha says, "keep in mind that this hedge fund typically doesn’t take larger than 5% stakes in companies (which requires a 13G filing), so it definitely likes this name, as this is the first major filing from them in quite some time."

With $4.1 billion in assets under management, hedge fund Tremblant is based in New York and run by Bret Barakett, who is a former portfolio manager at Moore Capital Management.

Alex Akesson

Editor for HedgeCo.Net
Email: alex@hedgeco.net

Tags: 1-billion, 1-million, 13g filing, accredited-investors, assets-under-management, fast food restaurant, hedgeco, moore capital management, palm-beach, portfolio-manager, seekingalpha, tremblant capital