Cheesecake Factory
CAKE
236 hedge funds and large institutions have $711M invested in Cheesecake Factory in 2020 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 91 increasing their positions, 69 reducing their positions, and 69 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 69
12% less funds holding
Funds holding: 269 → 236 (-33)
12.63% less ownership
Funds ownership: 105.4% → 92.77% (-13%)
41% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 69
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
51% less call options, than puts
Call options by funds: $12.8M | Put options by funds: $25.9M
61% less capital invested
Capital invested by funds: $1.83B → $711M (-$1.12B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$27.8M |
| 2 |
PCM
Prentice Capital Management
Greenwich,
Connecticut
|
+$20.2M |
| 3 |
SCM
Steadfast Capital Management
New York
|
+$15.3M |
| 4 |
Two Sigma Investments
New York
|
+$13M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$8.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$68.5M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$43.9M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$40.2M |
| 4 |
DGI
Disciplined Growth Investors
Minneapolis,
Minnesota
|
-$29.2M |
| 5 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
-$22.8M |
CAKE Hedge Fund Activity: Q1 2020 in Review
236 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Cheesecake Factory (CAKE) for Q1 2020, worth a combined $711M — down 61% from $1.83B a quarter earlier.
Sellers outnumbered buyers: 69 funds closed out of CAKE and 41 opened new positions — a net loss of 28 holders — while 69 trimmed existing stakes and 91 added.
The largest buyer was Kayne Anderson Rudnick Investment Management, adding an estimated $27.8M. The largest seller was Macquarie Group, cutting an estimated $68.5M.
- 236 institutional investors held Cheesecake Factory (CAKE) as of Q1 2020, down from 269 in Q4 2019.
- Funds reported $711M of Cheesecake Factory stock for Q1 2020, down 61% quarter-over-quarter.
- 41 funds opened new Cheesecake Factory positions in Q1 2020 and 69 closed out, a net change of -28 holders.
- The largest Cheesecake Factory buyer in Q1 2020 was Kayne Anderson Rudnick Investment Management, an estimated $27.8M added.
- The largest Cheesecake Factory seller in Q1 2020 was Macquarie Group, an estimated $68.5M sold.
Based on aggregated 13F filings for Q1 2020.