Chefs' Warehouse
CHEF
77 hedge funds and large institutions have $223M invested in Chefs' Warehouse in 2016 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 38 increasing their positions, 16 reducing their positions, and 16 closing their positions.
138% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 16
7% less funds holding
Funds holding: 83 → 77 (-6)
30% less capital invested
Capital invested by funds: $320M → $223M (-$96.9M)
38% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rutabaga Capital Management
Boston,
Massachusetts
|
+$9.17M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$7.25M |
| 3 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$4.46M |
| 4 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
+$3.45M |
| 5 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
+$1.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AVC
Arlington Value Capital
Salt Lake City,
Utah
|
-$8.21M |
| 2 |
Jennison Associates
New York
|
-$8.08M |
| 3 |
BAMCO Inc
New York
|
-$4.17M |
| 4 |
GLA
Great Lakes Advisors
Chicago,
Illinois
|
-$2.67M |
| 5 |
AI
Advent International
Boston,
Massachusetts
|
-$2.12M |
CHEF Hedge Fund Activity: Q3 2016 in Review
77 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Chefs' Warehouse (CHEF) for Q3 2016, worth a combined $223M — down 30% from $320M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of CHEF and 10 opened new positions — a net loss of 6 holders — while 16 trimmed existing stakes and 38 added.
The largest buyer was Rutabaga Capital Management, opening a new position worth an estimated $9.17M. The largest seller was Arlington Value Capital, exiting entirely with an estimated $8.21M sold.
- 77 institutional investors held Chefs' Warehouse (CHEF) as of Q3 2016, down from 83 in Q2 2016.
- Funds reported $223M of Chefs' Warehouse stock for Q3 2016, down 30% quarter-over-quarter.
- 10 funds opened new Chefs' Warehouse positions in Q3 2016 and 16 closed out, a net change of -6 holders.
- The largest Chefs' Warehouse buyer in Q3 2016 was Rutabaga Capital Management, an estimated $9.17M added.
- The largest Chefs' Warehouse seller in Q3 2016 was Arlington Value Capital, an estimated $8.21M sold.
Based on aggregated 13F filings for Q3 2016.