Chefs' Warehouse
CHEF
156 hedge funds and large institutions have $964M invested in Chefs' Warehouse in 2021 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 54 increasing their positions, 59 reducing their positions, and 25 closing their positions.
245% more call options, than puts
Call options by funds: $50.8M | Put options by funds: $14.7M
21% more capital invested
Capital invested by funds: $796M → $964M (+$169M)
2.93% more ownership
Funds ownership: 82.05% → 84.98% (+2.9%)
0% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 25
8% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 59
1% less funds holding
Funds holding: 158 → 156 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Silvercrest Asset Management
New York
|
+$18.1M |
| 2 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$9.24M |
| 3 |
Swedbank
Stockholm,
Sweden
|
+$8.91M |
| 4 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
+$8.87M |
| 5 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$6.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPM
Crescent Park Management
East Palo Alto,
California
|
-$21.8M |
| 2 |
SCA
Southpoint Capital Advisors
New York
|
-$7.71M |
| 3 |
D.E. Shaw & Co
New York
|
-$6.15M |
| 4 |
Two Sigma Advisers
New York
|
-$5.41M |
| 5 |
5NCM
59 North Capital Management
Houston,
Texas
|
-$4.05M |
CHEF Hedge Fund Activity: Q1 2021 in Review
156 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Chefs' Warehouse (CHEF) for Q1 2021, worth a combined $964M — up 21% from $796M a quarter earlier.
Fund positioning in CHEF was balanced in Q1 2021: 25 funds opened new positions, 25 closed out, 54 added to existing stakes and 59 trimmed.
The largest buyer was Silvercrest Asset Management, opening a new position worth an estimated $18.1M. The largest seller was Crescent Park Management, exiting entirely with an estimated $21.8M sold.
- 156 institutional investors held Chefs' Warehouse (CHEF) as of Q1 2021, down from 158 in Q4 2020.
- Funds reported $964M of Chefs' Warehouse stock for Q1 2021, up 21% quarter-over-quarter.
- 25 funds opened new Chefs' Warehouse positions in Q1 2021 and 25 closed out, a net change of 0 holders.
- The largest Chefs' Warehouse buyer in Q1 2021 was Silvercrest Asset Management, an estimated $18.1M added.
- The largest Chefs' Warehouse seller in Q1 2021 was Crescent Park Management, an estimated $21.8M sold.
Based on aggregated 13F filings for Q1 2021.