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PANERA BREAD CO
PANERA BREAD CO. Institutional holdings reported to the SEC.

Institutional Holders (2016Q2)
Portfolio Summary: 379 Institutional holders with a total value of $4,849,708,334.
#
Manager Name
Shares
Value ($)
%
Options
Notes
151 Aperio Group, LLC 10,249 2,172,000 0.04%
152 Arizona State Retirement System 10,181 2,158,000 0.04%
153 Sandy Spring Bank 10,170 2,155,000 0.04%
154 Municipal Employees' Retirement System of Michigan 10,090 2,138,000 0.04%
155 Liberty Mutual Group Asset Management Inc. 9,983 2,115,000 0.04%
156 Fruth Investment Management 9,800 2,077,000 0.04%
157 SOCIETE GENERALE 9,746 2,066,000 0.04%
158 SG Americas Securities, LLC 9,746 2,066,000 0.04%
159 VOYA INVESTMENT MANAGEMENT LLC 9,685 2,053,000 0.04%
160 EAGLE ASSET MANAGEMENT INC 9,454 2,003,000 0.04%
161 TEACHER RETIREMENT SYSTEM OF TEXAS 9,338 1,979,000 0.04%
162 Spot Trading L.L.C 9,300 1,971,000 0.04% Call
163 Cubist Systematic Strategies, LLC 9,243 1,959,000 0.04%
164 STATE OF MICHIGAN RETIREMENT SYSTEM 9,100 1,929,000 0.04%
165 TWO SIGMA INVESTMENTS, LP 9,000 1,907,000 0.04% Put
166 Nicholas Investment Partners, LP 8,860 1,878,000 0.04%
167 RAYMOND JAMES & ASSOCIATES 8,531 1,808,000 0.04%
168 SUMMIT SECURITIES GROUP LLC 8,375 1,775,000 0.04%
169 SEI INVESTMENTS CO 8,278 1,755,000 0.04%
170 Legal & General Group Plc 8,091 1,715,000 0.04%
171 COMMERCE BANK 8,018 1,699,000 0.04%
172 TWO SIGMA INVESTMENTS, LP 8,000 1,696,000 0.03% Call
173 BAIRD FINANCIAL GROUP, INC. 7,842 1,668,000 0.03%
174 BLAIR WILLIAM & CO/IL 7,855 1,665,000 0.03%
175 OREGON PUBLIC EMPLOYEES RETIREMENT FUND 7,803 1,654,000 0.03%
176 Daiwa Securities Group Inc. 7,300 1,547,000 0.03%
177 Westend Capital Management, LLC 7,170 1,520,000 0.03%
178 BARCLAYS PLC 7,000 1,484,000 0.03% Call
179 MENTA CAPITAL LLC 6,910 1,465,000 0.03%
180 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 6,338 1,463,000 0.03%
181 LADENBURG THALMANN FINANCIAL SERVICES INC. 6,865 1,454,000 0.03%
182 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 6,769 1,435,000 0.03%
183 PRIVATE ASSET MANAGEMENT INC 6,480 1,373,000 0.03%
184 NOMURA HOLDINGS INC 6,400 1,358,000 0.03% Put
185 CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. 6,387 1,354,000 0.03%
186 CHICAGO EQUITY PARTNERS LLC 6,230 1,320,000 0.03%
187 Louisiana State Employees Retirement System 6,100 1,293,000 0.03%
188 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 6,000 1,272,000 0.03%
189 Cambridge Investment Research Advisors, Inc. 5,967 1,265,000 0.03%
190 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 5,968 1,265,000 0.03%
191 PNC FINANCIAL SERVICES GROUP, INC. 5,955 1,262,000 0.03%
192 FIC CAPITAL INC 5,717 1,212,000 0.02%
193 PANAGORA ASSET MANAGEMENT INC 5,699 1,208,000 0.02%
194 BROWN ADVISORY INC 5,696 1,207,000 0.02%
195 Walleye Trading LLC 5,500 1,165,000 0.02% Put
196 SUNTRUST BANKS INC 5,479 1,160,000 0.02%
197 GSA CAPITAL PARTNERS LLP 5,449 1,155,000 0.02%
198 US BANCORP \DE\ 5,400 1,145,000 0.02%
199 QUADRATURE CAPITAL LTD 5,320 1,128,000 0.02%
200 Quantbot Technologies LP 5,284 1,119,000 0.02%
Page 4 of 8

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.