Chefs' Warehouse
CHEF
177 hedge funds and large institutions have $1.21B invested in Chefs' Warehouse in 2023 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 61 increasing their positions, 69 reducing their positions, and 30 closing their positions.
8% more capital invested
Capital invested by funds: $1.12B → $1.21B (+$92.9M)
4.34% more ownership
Funds ownership: 87.81% → 92.15% (+4.3%)
7% more call options, than puts
Call options by funds: $10.1M | Put options by funds: $9.47M
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
5% less funds holding
Funds holding: 186 → 177 (-9)
12% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 69
17% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$27.5M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$21.2M |
| 3 |
OAM
Ophir Asset Management
Sydney,
Australia
|
+$15.7M |
| 4 |
SEI Investments
Oaks,
Pennsylvania
|
+$6.73M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$5.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$9.95M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$8.6M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$8.4M |
| 4 |
Swedbank
Stockholm,
Sweden
|
-$6.33M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$5.97M |
CHEF Hedge Fund Activity: Q1 2023 in Review
177 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Chefs' Warehouse (CHEF) for Q1 2023, worth a combined $1.21B — up 8.3% from $1.12B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of CHEF and 25 opened new positions — a net loss of 5 holders — while 69 trimmed existing stakes and 61 added.
The largest buyer was Jennison Associates, opening a new position worth an estimated $27.5M. The largest seller was AllianceBernstein, cutting an estimated $9.95M.
- 177 institutional investors held Chefs' Warehouse (CHEF) as of Q1 2023, down from 186 in Q4 2022.
- Funds reported $1.21B of Chefs' Warehouse stock for Q1 2023, up 8.3% quarter-over-quarter.
- 25 funds opened new Chefs' Warehouse positions in Q1 2023 and 30 closed out, a net change of -5 holders.
- The largest Chefs' Warehouse buyer in Q1 2023 was Jennison Associates, an estimated $27.5M added.
- The largest Chefs' Warehouse seller in Q1 2023 was AllianceBernstein, an estimated $9.95M sold.
Based on aggregated 13F filings for Q1 2023.