Chefs' Warehouse
CHEF
143 hedge funds and large institutions have $858M invested in Chefs' Warehouse in 2018 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 62 increasing their positions, 38 reducing their positions, and 15 closing their positions.
100% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 15
63% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 38
44% more call options, than puts
Call options by funds: $2.35M | Put options by funds: $1.63M
29% more capital invested
Capital invested by funds: $667M → $858M (+$191M)
11% more funds holding
Funds holding: 129 → 143 (+14)
2.71% less ownership
Funds ownership: 81.48% → 78.77% (-2.7%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$21.5M |
| 2 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$16.3M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$11.4M |
| 4 |
Morgan Stanley
New York
|
+$10.3M |
| 5 |
Renaissance Technologies
New York
|
+$9.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$52.5M |
| 2 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
-$38.8M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$6.9M |
| 4 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
-$4.35M |
| 5 |
RCM
Rutabaga Capital Management
Boston,
Massachusetts
|
-$3.23M |
CHEF Hedge Fund Activity: Q3 2018 in Review
143 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Chefs' Warehouse (CHEF) for Q3 2018, worth a combined $858M — up 29% from $667M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new CHEF positions and 15 closed out — a net gain of 15 holders — while 62 added to existing stakes and 38 trimmed.
The largest buyer was BlackRock, adding an estimated $21.5M. The largest seller was Wasatch Advisors, cutting an estimated $52.5M.
- 143 institutional investors held Chefs' Warehouse (CHEF) as of Q3 2018, up from 129 in Q2 2018.
- Funds reported $858M of Chefs' Warehouse stock for Q3 2018, up 29% quarter-over-quarter.
- 30 funds opened new Chefs' Warehouse positions in Q3 2018 and 15 closed out, a net change of +15 holders.
- The largest Chefs' Warehouse buyer in Q3 2018 was BlackRock, an estimated $21.5M added.
- The largest Chefs' Warehouse seller in Q3 2018 was Wasatch Advisors, an estimated $52.5M sold.
Based on aggregated 13F filings for Q3 2018.