Chefs' Warehouse
CHEF
170 hedge funds and large institutions have $1.4B invested in Chefs' Warehouse in 2024 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 51 increasing their positions, 62 reducing their positions, and 13 closing their positions.
115% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 13
50% more call options, than puts
Call options by funds: $24.2M | Put options by funds: $16.1M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
27% more capital invested
Capital invested by funds: $1.1B → $1.4B (+$300M)
10% more funds holding
Funds holding: 155 → 170 (+15)
0.39% less ownership
Funds ownership: 94% → 93.6% (-0.39%)
18% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 62
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
+$45.5M |
| 2 |
Millennium Management
New York
|
+$23.6M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$21.1M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$14.6M |
| 5 |
JP Morgan Chase
New York
|
+$7.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$36M |
| 2 |
Morgan Stanley
New York
|
-$34.5M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$12.6M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$9.76M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$9.32M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
State of Wisconsin Investment Board
Madison,
Wisconsin
| – | -$379K | -12,885 | Closed |
|
|
MFIM
177
Mesirow Financial Investment Management
Chicago,
Illinois
| – | -$354K | -11,998 | Closed |
|
178
Group One Trading
Chicago,
Illinois
| – | -$113K | -3,287 | Closed |
|
|
EC
179
EntryPoint Capital
New York
| – | -$47.1K | -1,602 | Closed |
|
|
ACM
180
Aquatic Capital Management
Chicago,
Illinois
| – | -$32K | -1,100 | Closed |
|
|
NC
181
NewSquare Capital
Newtown Square,
Pennsylvania
| – | -$2.94K | -100 | Closed |
|
|
JFG
182
Jefferies Financial Group
New York
| – | -$1.37K | -40 | Closed |
|
183
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$177 | -6 | Closed |
|
CHEF Hedge Fund Activity: Q1 2024 in Review
170 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Chefs' Warehouse (CHEF) for Q1 2024, worth a combined $1.4B — up 27% from $1.1B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new CHEF positions and 13 closed out — a net gain of 15 holders — while 51 added to existing stakes and 62 trimmed.
The largest buyer was Legion Partners Asset Management, opening a new position worth an estimated $45.5M. The largest seller was Nomura Holdings, exiting entirely with an estimated $36M sold.
- 170 institutional investors held Chefs' Warehouse (CHEF) as of Q1 2024, up from 155 in Q4 2023.
- Funds reported $1.4B of Chefs' Warehouse stock for Q1 2024, up 27% quarter-over-quarter.
- 28 funds opened new Chefs' Warehouse positions in Q1 2024 and 13 closed out, a net change of +15 holders.
- The largest Chefs' Warehouse buyer in Q1 2024 was Legion Partners Asset Management, an estimated $45.5M added.
- The largest Chefs' Warehouse seller in Q1 2024 was Nomura Holdings, an estimated $36M sold.
Based on aggregated 13F filings for Q1 2024.