Cheesecake Factory
CAKE
274 hedge funds and large institutions have $1.94B invested in Cheesecake Factory in 2017 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 109 increasing their positions, 91 reducing their positions, and 60 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 91
3.04% more ownership
Funds ownership: 95.11% → 98.15% (+3%)
6% less funds holding
Funds holding: 292 → 274 (-18)
15% less capital invested
Capital invested by funds: $2.29B → $1.94B (-$354M)
28% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 60
54% less call options, than puts
Call options by funds: $23.2M | Put options by funds: $50M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$38.7M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$22.8M |
| 3 |
EIP
Epoch Investment Partners
New York
|
+$22.1M |
| 4 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$20.4M |
| 5 |
Goldman Sachs
New York
|
+$19.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
-$41.7M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$35.3M |
| 3 |
Neuberger Berman Group
New York
|
-$32.4M |
| 4 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
-$31.7M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$27.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIM
326
Acrospire Investment Management
Chicago,
Illinois
| – | -$30K | -600 | Closed |
|
327
Creative Planning
Overland Park,
Kansas
| – | -$18K | -364 | Closed |
|
|
PMFA
328
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$17K | -346 | Closed |
|
|
AIL
329
AGF Investments LLC
Toronto,
Ontario, Canada
| – | -$9K | -186 | Closed |
|
|
EWM
330
Evercore Wealth Management
New York
| – | -$6K | -119 | Closed |
|
|
WA
331
Winfield Associates
Cleveland,
Ohio
| – | -$6K | -113 | Closed |
|
|
IAS
332
INR Advisory Services
Media,
Pennsylvania
| – | -$2K | -38 | Closed |
|
|
SPIA
333
Steward Partners Investment Advisory
New York
| – | -$1K | -23 | Closed |
|
CAKE Hedge Fund Activity: Q3 2017 in Review
274 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Cheesecake Factory (CAKE) for Q3 2017, worth a combined $1.94B — down 15% from $2.29B a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of CAKE and 43 opened new positions — a net loss of 17 holders — while 91 trimmed existing stakes and 109 added.
The largest buyer was Kayne Anderson Rudnick Investment Management, adding an estimated $38.7M. The largest seller was VOYA Investment Management, cutting an estimated $41.7M.
- 274 institutional investors held Cheesecake Factory (CAKE) as of Q3 2017, down from 292 in Q2 2017.
- Funds reported $1.94B of Cheesecake Factory stock for Q3 2017, down 15% quarter-over-quarter.
- 43 funds opened new Cheesecake Factory positions in Q3 2017 and 60 closed out, a net change of -17 holders.
- The largest Cheesecake Factory buyer in Q3 2017 was Kayne Anderson Rudnick Investment Management, an estimated $38.7M added.
- The largest Cheesecake Factory seller in Q3 2017 was VOYA Investment Management, an estimated $41.7M sold.
Based on aggregated 13F filings for Q3 2017.