CapitalSpring trims El Pollo Loco (LOCO) stake to 3.8% of shares

Rhea-AI Filing Summary

CapitalSpring-affiliated funds have reduced their stake in El Pollo Loco Holdings, Inc. to below 5% of the company’s common stock. CSIP VI Corporate Acquisitions, LP now holds 1,111,381 shares and CSFC Financing I, LLC holds 22,682 shares, for a combined 1,134,063 shares, or 3.8% of the outstanding stock, based on 29,956,259 shares outstanding as of March 6, 2026.

The filing states that as of April 1, 2026, the reporting group ceased to be beneficial owners of more than five percent of El Pollo Loco’s shares. The funds may dispose of or distribute additional shares over time, depending on share price, market conditions, and their own liquidity and diversification objectives.

Insights

Equity ownership & activism analyst

CapitalSpring’s El Pollo Loco stake has moved from a large-holder level to a mid-single-digit position.

The amendment shows CapitalSpring-related entities now beneficially own 1,134,063 El Pollo Loco shares, or 3.8% of the company, down from above 5%. This shifts them out of the “5%+” large-shareholder category, which often carries greater perceived influence.

The group indicates it may further dispose of or distribute shares depending on price, market conditions, and portfolio objectives. While no specific plan is detailed, the disclosure highlights ongoing flexibility around their investment size. Future ownership updates would appear in subsequent beneficial ownership filings.

Key Figures

CSIP VI holdings: 1,111,381 shares CSFC Financing I holdings: 22,682 shares Total reported holdings: 1,134,063 shares +3 more

6 metrics

CSIP VI holdings 1,111,381 shares Common stock held by CSIP VI Corporate Acquisitions, LP

CSFC Financing I holdings 22,682 shares Common stock held by CSFC Financing I, LLC

Total reported holdings 1,134,063 shares Aggregate amount beneficially owned by each reporting person

Ownership percentage 3.8% Percent of El Pollo Loco common stock class represented

Shares outstanding baseline 29,956,259 shares Shares outstanding as of March 6, 2026, per Form 10-K

Prior large-holder status end date April 1, 2026 Date they ceased to own more than 5% of outstanding shares

Key Terms

beneficial owner, Schedule 13D, shared voting power, shared dispositive power, +1 more

5 terms

beneficial owner financial

"As of April 1, 2026, the Reporting Persons ceased to be the beneficial owners of more than five percent"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Schedule 13D regulatory

"This represents Amendment No. 2 to the filed by CSIP VI Corporate Acquisitions"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

shared voting power financial

"Shared Voting Power 1,111,381.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 1,111,381.00"

percent of class financial

"Percent of class represented by amount in Row (11) 3.7 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/10/2026 - 06:43 PM Learn about SEC filing dates

FAQ

How many El Pollo Loco (LOCO) shares do the CapitalSpring entities currently own?

The CapitalSpring-related entities report beneficial ownership of 1,134,063 shares of El Pollo Loco common stock. This includes 1,111,381 shares held by CSIP VI and 22,682 shares held by CSFC Financing I, LLC, representing 3.8% of outstanding shares.

What percentage of El Pollo Loco (LOCO) does CapitalSpring now own according to this Schedule 13D/A?

The reporting group now beneficially owns 3.8% of El Pollo Loco common stock. This percentage is calculated using 29,956,259 shares outstanding as of March 6, 2026, as disclosed in the company’s Form 10-K referenced in the ownership calculation.

When did the CapitalSpring group fall below 5% ownership of El Pollo Loco (LOCO)?

The filing states that as of April 1, 2026, the reporting persons ceased to be beneficial owners of more than five percent of El Pollo Loco’s outstanding common stock, marking their move out of the large-shareholder threshold category.

Which CapitalSpring entities are listed as reporting persons for El Pollo Loco (LOCO)?

The reporting persons are CSIP VI Corporate Acquisitions, LP, CSFC Financing I, LLC, CSFC Management Company, LLC (CapitalSpring), CapitalSpring Finance Company, LLC, and Richard Fitzgerald, who is described as the Managing Partner of CapitalSpring in the disclosure.

Can the CapitalSpring entities sell more El Pollo Loco (LOCO) shares after this Schedule 13D/A?

The filing explains the reporting persons may dispose of or distribute more shares over time. Any decisions may depend on share price, transaction terms, market conditions, and their liquidity and diversification objectives, while complying with applicable securities laws.

Are W.K.S. Restaurant Corporation shares included in this El Pollo Loco (LOCO) amendment?

No. The amendment clarifies that no shares beneficially owned by the WKS Persons are included. This Amendment No. 2 is made solely by the CapitalSpring-related reporting persons and updates their ownership independently of prior joint reporting with W.K.S. Restaurant Corporation.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

El Pollo Loco Holdings, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

268603107

(CUSIP Number)

T.A. McKinney
CapitalSpring, 261 Madison Ave., 9th Floor
New York, NY, 10016
(212) 981-0140

Louis Rambo
Proskauer Rose, LLP, Eleven Times Square,
New York, NY, 10036
(212) 969-3000

Kristian Herrmann
Proskauer Rose, LLP, Eleven Times Square,
New York, NY, 10036
(212) 969-3000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

04/08/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 268603107

1

Name of reporting person

CSIP VI Corporate Acquisitions, LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,111,381.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,111,381.00

11

Aggregate amount beneficially owned by each reporting person

1,111,381.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.7 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 268603107

1

Name of reporting person

CSFC Financing I, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 22,682.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 22,682.00

11

Aggregate amount beneficially owned by each reporting person

22,682.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.1 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 268603107

1

Name of reporting person

CSFC Management Company, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,134,063.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,134,063.00

11

Aggregate amount beneficially owned by each reporting person

1,134,063.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.8 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 268603107

1

Name of reporting person

CapitalSpring Finance Company, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,134,063.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,134,063.00

11

Aggregate amount beneficially owned by each reporting person

1,134,063.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.8 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 268603107

1

Name of reporting person

Richard Fitzgerald

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,134,063.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,134,063.00

11

Aggregate amount beneficially owned by each reporting person

1,134,063.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.8 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: El Pollo Loco Holdings, Inc.
(c)	Address of Issuer's Principal Executive Offices: 575 Anton Blvd., Suite 1100, Costa Mesa, CALIFORNIA , 92626.
Item 1 Comment: This Schedule 13D represents Amendment No. 2 to the Schedule 13D filed by CSIP VI Corporate Acquisitions, LP, CSFC Financing I, LLC, CSFC Management Company, LLC, CapitalSpring Finance Company, LLC, and Richard Fitzgerald (the "Reporting Persons") on May 29, 2025, as amended by Amendment No. 1 thereto, filed on June 10, 2025, which represented a joint filing with W.K.S. Restaurant Corporation and Roland Spongberg (the "WKS Persons"). This Amendment No. 2 is made by the Reporting Persons.
Item 2.	Identity and Background
(a)	Item 2 of the Schedule 13D is hereby amended and restated as follows: The names of the persons filing this report (collectively, the "Reporting Persons") with respect to shares of Common Stock, par value $0.01 per share (the "Shares") of El Pollo Loco Holdings, Inc. (the "Issuer") are: (i) CSIP VI Corporate Acquisitions, LP ("CSIP VI") (ii) CSFC Financing I, LLC ("CSFC Fin I") (iii) CSFC Management Company, LLC ("CapitalSpring") (iv) CapitalSpring Finance Company, LLC ("CFC") (v) Richard Fitzgerald
(b)	The address of the principal business office of the Reporting Persons is 3100 West End Avenue, Suite 940, Nashville, TN 37203.
(c)	CSIP VI and CSFC Fin I are investment funds engaged in the purchase, holding and sale of securities for investment purposes. CFC is the parent company of CapitalSpring. CapitalSpring is the manager of CSFC Fin I and CFC and the investment manager of CSIP VI. Mr. Fitzgerald is the Managing Partner of CapitalSpring.
(d)	No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	No Reporting Person has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	CSIP VI is a Delaware limited partnership. Each of CSFC Fin I, CapitalSpring, and CFC is a Delaware limited liability company. Mr. Fitzgerald is a United States citizen.
Item 4.	Purpose of Transaction
	Item 4 of the Schedule 13D is hereby amended and supplemented as follows: The information set forth in Item 5(c) of this Amendment No. 2 is incorporated by reference into this Item 4. The Reporting Persons may, at any time, and subject to compliance with applicable securities laws and regulatory requirements, dispose of or distribute some or all of their remaining Shares of common stock or other securities of the Issuer depending on various factors, including, but not limited to, the price of the Shares, the terms and conditions of the transaction and prevailing market conditions, as well as the liquidity and diversification objectives of the Reporting Persons. Representatives of the Reporting Persons do not currently intend to have additional discussions with the Issuer's management or other third parties regarding the matters discussed in Item 4 of Amendment No. 1 to this Schedule 13D. The Reporting Persons expect to continuously review their investment in the Issuer and may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 of the Schedule 13D is hereby amended and supplemented as follows: CSIP VI holds 1,111,381 Shares. CSFC Fin I holds 22,682 Shares. No Shares beneficially owned by the WKS Persons are included in this Amendment No. 2 to Schedule 13D. The ownership percentages set forth on the cover pages to this Amendment No. 2 to Schedule 13D are based on 29,956,259 Shares outstanding as of March 6, 2026, as reported by the Issuer in its Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 13, 2026.
(b)	See rows (7) through (10) of the cover pages to this Amendment No. 2 to Schedule 13D for the number of Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c)	Except as set forth on Schedule A to this Amendment No. 2, none of the Reporting Persons has effected any transaction with respect to the Shares during the past sixty (60) days.
(d)	No person, other than the Reporting Persons, has the right to receive or the power to direct the receipt of dividends or proceeds of the sale of the Shares reported herein.
(e)	As of April 1, 2026, the Reporting Persons ceased to be the beneficial owners of more than five percent of the outstanding Shares of the Issuer.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

CSIP VI Corporate Acquisitions, LP

Signature:	/s/ Richard Fitzgerald
Name/Title:	Richard Fitzgerald, Managing Partner
Date:	04/10/2026

CSFC Financing I, LLC

Signature:	/s/ Richard Fitzgerald
Name/Title:	Richard Fitzgerald, Managing Partner
Date:	04/10/2026

CSFC Management Company, LLC

Signature:	/s/ Richard Fitzgerald
Name/Title:	Richard Fitzgerald, Managing Partner
Date:	04/10/2026

CapitalSpring Finance Company, LLC

Signature:	/s/ Richard Fitzgerald
Name/Title:	Richard Fitzgerald, Managing Partner
Date:	04/10/2026

Richard Fitzgerald

Signature:	/s/ Richard Fitzgerald
Name/Title:	Richard Fitzgerald
Date:	04/10/2026