How to invest in Chipotle through ETFs
For investors who don't want to put all their eggs into one basket, exchange-traded funds (ETFs) can be an excellent alternative to individual stock-picking.
Here are three ETFs either focused on or adjacent to the restaurant industry that offer exposure to Chipotle:
1. AdvisorShares Restaurant ETF
The AdvisorShares Restaurant ETF (NYSEMKT:EATZ) was launched in 2021 as the only actively managed ETF dedicated to restaurant stocks. The fund held more than two dozen restaurant stocks in mid-2024, with Brinker International (EAT -2.51%) shares making up 6.95% of the fund. Chipotle, at 3.15%, ranked at No. 17 in mid-2025. The ETF is small, with assets under management of only $3.6 million. It has a reasonable ETF expense ratio for an actively managed fund of 0.6%.
2. Vanguard Consumer Discretionary ETF
Vanguard Consumer Discretionary ETF (VCR -0.52%): Considerably larger than the AdvisorShares Restaurant ETF, the fund focuses on consumer discretionary items. Chipotle shares made up 1.25% of its portfolio in mid-2025. The fund's largest holding was Amazon (AMZN -0.71%), which made up 22.5% of its $5.9 billion in holdings in mid-2025. The Vanguard ETF offers an expense ratio of 0.9%.
3. SPDR S&P 500 ETF Trust
The SPDR S&P 500 ETF Trust (SPY -0.68%) is the largest single holder of Chipotle stock, with almost $857 million in the restaurant chain's shares as of mid-2025. The venerable fund is enormously popular with "set-it-and-forget-it" investors who take a long-term approach to investing. It consists of shares listed in the S&P 500 and weighted by value. Created in 1993, the fund has more than $603 billion in assets and a low expense ratio of 0.0945%.
Will Chipotle stock split?
Companies typically announce stock splits when high share prices discourage investors from putting money into the company. Chipotle announced a 50-to-1 split in early June 2024 after shares topped $3,000, an unheard-of amount for a restaurant stock and the company decided it might be missing out on some truly discouraged investors. The Chipotle split was one of the biggest in the history of shares traded on the New York Stock Exchange. As of May 2025, Chipotle hasn't publicly discussed plans for another stock split.