Chefs' Warehouse
CHEF
157 hedge funds and large institutions have $965M invested in Chefs' Warehouse in 2021 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 54 increasing their positions, 59 reducing their positions, and 24 closing their positions.
251% more call options, than puts
Call options by funds: $51.6M | Put options by funds: $14.7M
21% more capital invested
Capital invested by funds: $796M → $965M (+$169M)
2.93% more ownership
Funds ownership: 82.05% → 84.98% (+2.9%)
8% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 24
1% less funds holding
Funds holding: 158 → 157 (-1)
8% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 59
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Silvercrest Asset Management
New York
|
+$18.1M |
| 2 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$9.24M |
| 3 |
Swedbank
Stockholm,
Sweden
|
+$8.91M |
| 4 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
+$8.87M |
| 5 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$6.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPM
Crescent Park Management
East Palo Alto,
California
|
-$21.8M |
| 2 |
SCA
Southpoint Capital Advisors
New York
|
-$7.71M |
| 3 |
D.E. Shaw & Co
New York
|
-$6.15M |
| 4 |
Two Sigma Advisers
New York
|
-$5.41M |
| 5 |
5NCM
59 North Capital Management
Houston,
Texas
|
-$4.05M |
CHEF Hedge Fund Activity: Q1 2021 in Review
157 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Chefs' Warehouse (CHEF) for Q1 2021, worth a combined $965M — up 21% from $796M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new CHEF positions and 24 closed out — a net gain of 2 holders — while 54 added to existing stakes and 59 trimmed.
The largest buyer was Silvercrest Asset Management, opening a new position worth an estimated $18.1M. The largest seller was Crescent Park Management, exiting entirely with an estimated $21.8M sold.
- 157 institutional investors held Chefs' Warehouse (CHEF) as of Q1 2021, down from 158 in Q4 2020.
- Funds reported $965M of Chefs' Warehouse stock for Q1 2021, up 21% quarter-over-quarter.
- 26 funds opened new Chefs' Warehouse positions in Q1 2021 and 24 closed out, a net change of +2 holders.
- The largest Chefs' Warehouse buyer in Q1 2021 was Silvercrest Asset Management, an estimated $18.1M added.
- The largest Chefs' Warehouse seller in Q1 2021 was Crescent Park Management, an estimated $21.8M sold.
Based on aggregated 13F filings for Q1 2021.