Chefs' Warehouse
CHEF
155 hedge funds and large institutions have $1.1B invested in Chefs' Warehouse in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 59 increasing their positions, 58 reducing their positions, and 28 closing their positions.
79% more call options, than puts
Call options by funds: $18.3M | Put options by funds: $10.3M
49% more capital invested
Capital invested by funds: $739M → $1.1B (+$359M)
6.07% more ownership
Funds ownership: 87.93% → 94% (+6.1%)
2% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 58
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
5% less funds holding
Funds holding: 163 → 155 (-8)
25% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
+$29.5M |
| 2 |
Morgan Stanley
New York
|
+$18.9M |
| 3 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$11.1M |
| 4 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$10.2M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$9.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$15.8M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$8.7M |
| 3 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
-$6.88M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$6.23M |
| 5 |
Bank of New York Mellon
New York
|
-$4.77M |
CHEF Hedge Fund Activity: Q4 2023 in Review
155 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Chefs' Warehouse (CHEF) for Q4 2023, worth a combined $1.1B — up 49% from $739M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of CHEF and 21 opened new positions — a net loss of 7 holders — while 58 trimmed existing stakes and 59 added.
The largest buyer was Nomura Holdings, opening a new position worth an estimated $29.5M. The largest seller was Jennison Associates, cutting an estimated $15.8M.
- 155 institutional investors held Chefs' Warehouse (CHEF) as of Q4 2023, down from 163 in Q3 2023.
- Funds reported $1.1B of Chefs' Warehouse stock for Q4 2023, up 49% quarter-over-quarter.
- 21 funds opened new Chefs' Warehouse positions in Q4 2023 and 28 closed out, a net change of -7 holders.
- The largest Chefs' Warehouse buyer in Q4 2023 was Nomura Holdings, an estimated $29.5M added.
- The largest Chefs' Warehouse seller in Q4 2023 was Jennison Associates, an estimated $15.8M sold.
Based on aggregated 13F filings for Q4 2023.