Chefs' Warehouse
CHEF
127 hedge funds and large institutions have $233M invested in Chefs' Warehouse in 2020 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 43 increasing their positions, 44 reducing their positions, and 50 closing their positions.
2% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 44
11.33% less ownership
Funds ownership: 87.33% → 75.99% (-11%)
16% less funds holding
Funds holding: 152 → 127 (-25)
46% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 50
77% less capital invested
Capital invested by funds: $1.01B → $233M (-$776M)
78% less call options, than puts
Call options by funds: $486K | Put options by funds: $2.23M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
+$49.4M |
| 2 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$14.8M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$14.7M |
| 4 |
D.E. Shaw & Co
New York
|
+$8.68M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$6.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$75.2M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$55.5M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$33.6M |
| 4 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$13M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$12.5M |
CHEF Hedge Fund Activity: Q1 2020 in Review
127 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Chefs' Warehouse (CHEF) for Q1 2020, worth a combined $233M — down 77% from $1.01B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of CHEF and 27 opened new positions — a net loss of 23 holders — while 44 trimmed existing stakes and 43 added.
The largest buyer was Legion Partners Asset Management, opening a new position worth an estimated $49.4M. The largest seller was Conestoga Capital Advisors, exiting entirely with an estimated $75.2M sold.
- 127 institutional investors held Chefs' Warehouse (CHEF) as of Q1 2020, down from 152 in Q4 2019.
- Funds reported $233M of Chefs' Warehouse stock for Q1 2020, down 77% quarter-over-quarter.
- 27 funds opened new Chefs' Warehouse positions in Q1 2020 and 50 closed out, a net change of -23 holders.
- The largest Chefs' Warehouse buyer in Q1 2020 was Legion Partners Asset Management, an estimated $49.4M added.
- The largest Chefs' Warehouse seller in Q1 2020 was Conestoga Capital Advisors, an estimated $75.2M sold.
Based on aggregated 13F filings for Q1 2020.