Chefs' Warehouse
CHEF
83 hedge funds and large institutions have $320M invested in Chefs' Warehouse in 2016 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 35 increasing their positions, 21 reducing their positions, and 15 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 21
3% less funds holding
Funds holding: 86 → 83 (-3)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
20% less capital invested
Capital invested by funds: $398M → $320M (-$77.6M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$8.6M |
| 2 |
GC
GMT Capital
Atlanta,
Georgia
|
+$5.16M |
| 3 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$2.82M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.64M |
| 5 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Armistice Capital
New York
|
-$3.57M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$2.66M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$2.45M |
| 4 |
Renaissance Technologies
New York
|
-$2.18M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$1.8M |
CHEF Hedge Fund Activity: Q2 2016 in Review
83 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Chefs' Warehouse (CHEF) for Q2 2016, worth a combined $320M — down 20% from $398M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of CHEF and 13 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 35 added.
The largest buyer was Jennison Associates, opening a new position worth an estimated $8.6M. The largest seller was Armistice Capital, exiting entirely with an estimated $3.57M sold.
- 83 institutional investors held Chefs' Warehouse (CHEF) as of Q2 2016, down from 86 in Q1 2016.
- Funds reported $320M of Chefs' Warehouse stock for Q2 2016, down 20% quarter-over-quarter.
- 13 funds opened new Chefs' Warehouse positions in Q2 2016 and 15 closed out, a net change of -2 holders.
- The largest Chefs' Warehouse buyer in Q2 2016 was Jennison Associates, an estimated $8.6M added.
- The largest Chefs' Warehouse seller in Q2 2016 was Armistice Capital, an estimated $3.57M sold.
Based on aggregated 13F filings for Q2 2016.