Chefs' Warehouse
CHEF
140 hedge funds and large institutions have $397M invested in Chefs' Warehouse in 2020 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 69 increasing their positions, 23 reducing their positions, and 21 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 23
70% more capital invested
Capital invested by funds: $233M → $397M (+$164M)
62% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 21
10% more funds holding
Funds holding: 127 → 140 (+13)
3.6% more ownership
Funds ownership: 75.99% → 79.6% (+3.6%)
69% less call options, than puts
Call options by funds: $3.46M | Put options by funds: $11.3M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
+$17.3M |
| 2 |
D.E. Shaw & Co
New York
|
+$11.8M |
| 3 |
Bank of New York Mellon
New York
|
+$9.11M |
| 4 |
BlackRock
New York
|
+$7.54M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$7.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
-$15.7M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$4.07M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$3.52M |
| 4 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$2.53M |
| 5 |
Walleye Capital
New York
|
-$574K |
CHEF Hedge Fund Activity: Q2 2020 in Review
140 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Chefs' Warehouse (CHEF) for Q2 2020, worth a combined $397M — up 70% from $233M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new CHEF positions and 21 closed out — a net gain of 13 holders — while 69 added to existing stakes and 23 trimmed.
The largest buyer was Greenhouse Funds, opening a new position worth an estimated $17.3M. The largest seller was Legion Partners Asset Management, cutting an estimated $15.7M.
- 140 institutional investors held Chefs' Warehouse (CHEF) as of Q2 2020, up from 127 in Q1 2020.
- Funds reported $397M of Chefs' Warehouse stock for Q2 2020, up 70% quarter-over-quarter.
- 34 funds opened new Chefs' Warehouse positions in Q2 2020 and 21 closed out, a net change of +13 holders.
- The largest Chefs' Warehouse buyer in Q2 2020 was Greenhouse Funds, an estimated $17.3M added.
- The largest Chefs' Warehouse seller in Q2 2020 was Legion Partners Asset Management, an estimated $15.7M sold.
Based on aggregated 13F filings for Q2 2020.