Chefs' Warehouse
CHEF
82 hedge funds and large institutions have $301M invested in Chefs' Warehouse in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 37 increasing their positions, 22 reducing their positions, and 6 closing their positions.
451% more call options, than puts
Call options by funds: $479K | Put options by funds: $87K
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
72.7% more ownership
Funds ownership: 0% → 72.7% (+73%)
68% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 22
35% more capital invested
Capital invested by funds: $223M → $301M (+$78.4M)
6% more funds holding
Funds holding: 77 → 82 (+5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
+$3.75M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$1.31M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.1M |
| 4 |
CCMU
Cheyne Capital Management (UK)
London,
United Kingdom
|
+$1.06M |
| 5 |
MC
Menta Capital
San Francisco,
California
|
+$983K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$14.4M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$8.43M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$3.58M |
| 4 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
-$2.94M |
| 5 |
BAMCO Inc
New York
|
-$2.38M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MAM
76
Meeder Asset Management
Dublin,
Ohio
| $16K | +$13.6K | +1,032 | New |
|
77
BNP Paribas Financial Markets
Paris,
France
| $15.9K | -$5.57K | -423 | -30% |
|
|
TRCT
78
Tower Research Capital (TRC)
New York
| $14K | +$11.5K | +874 | New |
|
|
79
Bank of Montreal
Toronto,
Ontario, Canada
| $10K | -$8.43M | -640,001 | -100% |
|
80
Zurich Cantonal Bank
Zurich,
Switzerland
| $9K | – | – | – |
|
|
FHA
81
First Horizon Advisors
Memphis,
Tennessee
| $2K | – | – | – |
|
|
QI
82
QS Investors
New York
| $1K | +$461 | +35 | New |
|
|
83
Fidelity Investments
Boston,
Massachusetts
| – | -$14.4M | -1,294,950 | Closed |
|
|
FG
84
Formula Growth
Montreal,
Quebec, Canada
| – | -$2.94M | -264,381 | Closed |
|
|
WSA
85
Wall Street Associates
Lajolla,
California
| – | -$1.08M | -97,100 | Closed |
|
|
IGIM
86
I.G. Investment Management
Winnipeg,
Manitoba, Canada
| – | -$676K | -60,696 | Closed |
|
|
AIM
87
Acrospire Investment Management
Chicago,
Illinois
| – | -$46K | -4,109 | Closed |
|
|
MFS
88
MSI Financial Services
Springfield,
Massachusetts
| – | -$6K | -500 | Closed |
|
CHEF Hedge Fund Activity: Q4 2016 in Review
82 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Chefs' Warehouse (CHEF) for Q4 2016, worth a combined $301M — up 35% from $223M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new CHEF positions and 6 closed out — a net gain of 5 holders — while 37 added to existing stakes and 22 trimmed.
The largest buyer was ACK Asset Management, opening a new position worth an estimated $3.75M. The largest seller was Fidelity Investments, exiting entirely with an estimated $14.4M sold.
- 82 institutional investors held Chefs' Warehouse (CHEF) as of Q4 2016, up from 77 in Q3 2016.
- Funds reported $301M of Chefs' Warehouse stock for Q4 2016, up 35% quarter-over-quarter.
- 11 funds opened new Chefs' Warehouse positions in Q4 2016 and 6 closed out, a net change of +5 holders.
- The largest Chefs' Warehouse buyer in Q4 2016 was ACK Asset Management, an estimated $3.75M added.
- The largest Chefs' Warehouse seller in Q4 2016 was Fidelity Investments, an estimated $14.4M sold.
Based on aggregated 13F filings for Q4 2016.