Choice Hotels
236 hedge funds and large institutions have $2.6B invested in Choice Hotels in 2020 Q2 according to their latest regulatory filings, with 50 funds opening new positions, 65 increasing their positions, 86 reducing their positions, and 23 closing their positions.
117% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 23
25% more capital invested
Capital invested by funds: $2.09B → $2.6B (+$513M)
12% more funds holding
Funds holding: 210 → 236 (+26)
1.66% less ownership
Funds ownership: 61.16% → 59.5% (-1.7%)
24% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 86
68% less call options, than puts
Call options by funds: $2.64M | Put options by funds: $8.26M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$54.6M |
| 2 |
TIM
Tikehau Investment Management
Paris,
France
|
+$21M |
| 3 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
+$20.3M |
| 4 |
Goldman Sachs
New York
|
+$14.3M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$36.9M |
| 2 |
BlackRock
New York
|
-$34.4M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$31M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$27.1M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$16.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PRC
251
Pearl River Capital
Niles,
Michigan
| – | -$23K | -373 | Closed |
|
252
Lazard Asset Management
New York
| – | -$5K | -90 | Closed |
|
|
FGAM
253
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$1.38K | -23 | Closed |
|
|
EI
254
Ellevest Inc
New York
| – | -$1.6K | -21 | -78% |
|
|
NFG
255
Next Financial Group
Houston,
Texas
| – | -$1K | -17 | Closed |
|
|
PFO
256
Pathstone Family Office
Englewood,
New Jersey
| – | +$762 | +10 | New |
|
CHH Hedge Fund Activity: Q2 2020 in Review
236 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Choice Hotels (CHH) for Q2 2020, worth a combined $2.6B — up 25% from $2.09B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new CHH positions and 23 closed out — a net gain of 27 holders — while 65 added to existing stakes and 86 trimmed.
The largest buyer was Principal Financial Group, adding an estimated $54.6M. The largest seller was Victory Capital Management, cutting an estimated $36.9M.
- 236 institutional investors held Choice Hotels (CHH) as of Q2 2020, up from 210 in Q1 2020.
- Funds reported $2.6B of Choice Hotels stock for Q2 2020, up 25% quarter-over-quarter.
- 50 funds opened new Choice Hotels positions in Q2 2020 and 23 closed out, a net change of +27 holders.
- The largest Choice Hotels buyer in Q2 2020 was Principal Financial Group, an estimated $54.6M added.
- The largest Choice Hotels seller in Q2 2020 was Victory Capital Management, an estimated $36.9M sold.
Based on aggregated 13F filings for Q2 2020.