Chipotle Mexican Grill, Inc.
CH ˙ SWX ˙ US1696561059
SecurityCH:CMG / Chipotle Mexican Grill, Inc.
InstitutionTocqueville Asset Management L.p.
Latest Disclosed Ownership743,208 shares
Latest Disclosed Value $ 23,790,088
Tocqueville Asset Management L.p. reports 28.00% increase in ownership of CMG / Chipotle Mexican Grill, Inc.

On May 12, 2026 - Tocqueville Asset Management L.p. filed a 13F-HR form disclosing ownership of 743,208 shares of Chipotle Mexican Grill, Inc. (CH:CMG) valued at $23,790,088 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 580,614 shares of Chipotle Mexican Grill, Inc.. This represents a change in shares of 28.00% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-12 2026-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 743,208 162,594 28.00 23,790 10.74 0.3528
2026-02-12 2025-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 580,614 3,127 0.54 21,483 -5.08 0.3134
2025-11-13 2025-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 577,487 109,304 23.35 22,632 -13.91 0.3290
2025-08-12 2025-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 468,183 -25,220 -5.11 26,288 6.12 0.4002
2025-05-13 2025-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 493,403 -37,943 -7.14 24,774 -22.68 0.4045
2025-02-10 2024-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 531,346 -7,659 -1.42 32,040 3.17 0.5025
2024-11-08 2024-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 539,005 255 0.05 31,057 -7.98 0.4878
2024-08-12 2024-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 538,750 527,915 4,872.31 33,753 7.17 0.5572
2024-05-09 2024-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 10,835 -15 -0.14 31,495 26.93 0.5145
2024-02-12 2023-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 10,850 -155 -1.41 24,814 23.09 0.4498
2023-11-09 2023-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 11,005 -32 -0.29 20,159 -14.61 0.3829
2023-08-11 2023-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 11,037 11 0.10 23,608 25.34 0.4227
2023-05-10 2023-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 11,026 -7 -0.06 18,836 23.04 0.3558
2023-02-09 2022-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 11,033 1,561 16.48 15,308 7.55 0.2908
2022-11-10 2022-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 9,472 -4 -0.04 14,234 14.90 0.2901
2022-08-12 2022-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 9,476 300 3.27 12,388 -14.67 0.2265
2022-05-16 2022-03-31 13F Chipotle Mexican Grill COM 169656105 9,176 -6,950 -43.10 14,517 -48.51 0.2193
2022-02-14 2021-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 16,126 -8 -0.05 28,192 -3.86 0.3878
2021-11-15 2021-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 16,134 -2,098 -11.51 29,324 3.74 0.4344
2021-08-16 2021-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 18,232 -775 -4.08 28,266 4.67 0.4084
2021-05-17 2021-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 19,007 -3,889 -16.99 27,006 -14.94 0.4155
2021-02-16 2020-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 22,896 -1,486 -6.09 31,750 4.70 0.5300
2020-11-16 2020-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 24,382 -13 -0.05 30,324 18.12 0.5801
2020-08-12 2020-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 24,395 -35 -0.14 25,672 60.58 0.5354
2020-05-15 2020-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 24,430 -270 -1.09 15,987 -22.68 0.3972
2020-01-14 2019-12-31 13F Chipotle Mexican Grill COM 169656105 24,700 0 0.00 20,677 -0.40 0.3041
2019-10-31 2019-09-30 13F Chipotle Mexican Grill COM 169656105 24,700 -290 -1.16 20,760 13.35 0.2817
2019-07-31 2019-06-30 13F Chipotle Mexican Grill COM 169656105 24,990 0 0.00 18,315 3.18 0.2373
2019-04-30 2019-03-31 13F Chipotle Mexican Grill COM 169656105 24,990 -12,685 -33.67 17,751 9.12 0.2370
2019-02-08 2018-12-31 13F Chipotle Mexican Grill COM 169656105 37,675 0 0.00 16,268 -5.00 0.2438
2018-11-13 2018-09-30 13F Chipotle Mexican Grill COM 169656105 37,675 -2,376 -5.93 17,124 -0.89 0.2157
2018-08-13 2018-06-30 13F Chipotle Mexican Grill COM 169656105 40,051 -1,200 -2.91 17,277 29.62 0.2192
2018-05-14 2018-03-31 13F Chipotle Mexican Grill COM 169656105 41,251 2,174 5.56 13,329 18.02 0.1698
2018-02-13 2017-12-31 13F Chipotle Mexican Grill COM 169656105 39,077 17,815 83.79 11,294 72.56 0.1282
2017-10-30 2017-09-30 13F Chipotle Mexican Grill COM 169656105 21,262 1,870 9.64 6,545 -18.89 0.0753
2017-08-04 2017-06-30 13F Chipotle Mexican Grl COM 169656105 19,392 0 0.00 8,069 -6.61 0.0968
2017-04-28 2017-03-31 13F Chipotle Mexican Grl COM 169656105 19,392 581 3.09 8,640 21.72 0.1054
2017-01-30 2016-12-31 13F Chipotle Mexican Grl COM 169656105 18,811 -1,799 -8.73 7,098 -18.68 0.0908
2016-10-31 2016-09-30 13F Chipotle Mexican Grl COM 169656105 20,610 -511 -2.42 8,728 2.60 0.1048
2016-08-15 2016-06-30 13F/A-1 Chipotle Mexican Grl COM 169656105 21,121 1,156 5.79 8,507 -9.53 0.1014
2016-07-29 2016-06-30 13F Chipotle Mexican Grl COM 169656105 21,121 8,507
2016-04-29 2016-03-31 13F Chipotle Mexican Grill COM 169656105 19,965 2,791 16.25 9,403 14.10 0.1245
2016-01-29 2015-12-31 13F Chipotle Mexican Grill COM 169656105 17,174 -10,412 -37.74 8,241 -58.52 0.1117
2015-10-30 2015-09-30 13F Chipotle Mexican Grill COM 169656105 27,586 625 2.32 19,869 21.81 0.2658
2015-07-31 2015-06-30 13F Chipotle Mexican Grill COM 169656105 26,961 -673 -2.44 16,311 -9.27 0.1921
2015-04-30 2015-03-31 13F Chipotle Mexican Grill COM 169656105 27,634 27,634 0.00 17,977 0.2113
2015-01-30 2014-12-31 13F Chipotle Mexican Grill COM 169656105 0 -13,200 -100.00 0 -100.00
2014-10-30 2014-09-30 13F Chipotle Mexican Grill COM 169656105 13,200 480 3.77 8,799 16.74 0.0977
2014-09-18 2014-06-30 13F/A-1 Chipotle Mexican Grill COM 169656105 12,720 -250 -1.93 7,537 2.29 0.0733
2014-07-30 2014-06-30 13F Chipotle Mexican Grill COM 169656105 12,720 7,537
2014-04-30 2014-03-31 13F Chipotle Mexican Grill COM 169656105 12,970 -6,495 -33.37 7,368 -28.96 0.0970
2014-01-30 2013-12-31 13F Chipotle Mexican Grill COM 169656105 19,465 12,265 170.35 10,371 235.96 0.1394
2013-10-30 2013-09-30 13F Chipotle Mexican Grill COM 169656105 7,200 95 1.34 3,087 19.24 0.0385
2013-07-30 2013-06-30 13F Chipotle Mexican Grill COM 169656105 7,105 7,105 2,589 0.0350
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.