We are live on ! Find out more
CHH icon

Choice Hotels
CHH

115 hedge funds and large institutions have $1.31B invested in Choice Hotels in 2014 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 46 increasing their positions, 26 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

343% more call options, than puts

Call options by funds: $62K | Put options by funds: $14K

77% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 26

2% more capital invested

Capital invested by funds: $1.28B → $1.31B (+$31.2M)

0.16% more ownership

Funds ownership: 47.38% → 47.54% (+0.16%)

2% less funds holding

Funds holding: 117 → 115 (-2)

11% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 19

Holders
115
Holders Change
-2
Holders Change %
-1.71%
% of All Funds
3.3%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
46
Reduced
26
Closed
19
Calls
$62K
Puts
$14K
Net Calls
+$48K
Net Calls Change
+$489K

Top Buyers

Rank Fund Capital Flow
1
Fundsmith LLP
Fundsmith LLP
United Kingdom
+$25.4M
2
Norges Bank
Norges Bank
Norway
+$12.7M
3
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$8.63M
4
Morgan Stanley
Morgan Stanley
New York
+$5.76M
5
William Blair & Company
William Blair & Company
Illinois
+$5.3M

Top Sellers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
-$20.6M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$20.2M
3
CWAM
Columbia Wanger Asset Management
Illinois
-$17.8M
4
PRCM
Pine River Capital Management
Minnesota
-$6.66M
5
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$4.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
MAA
26
Managed Account Advisors
New Jersey
$5.01M -$255K -5,658 -5%
GAM
27
Gotham Asset Management
New York
$4.86M +$4.64M +103,056 New
ESCM
28
Echo Street Capital Management
New York
$4.62M +$4.42M +98,028 New
TD Asset Management
29
TD Asset Management
Ontario, Canada
$4.15M +$113K +2,500 +3%
RFC
30
Russell Frank Company
Washington
$4.12M +$2.81M +62,423 +249%
Ameriprise
31
Ameriprise
Minnesota
$4.1M -$637K -14,140 -14%
PPA
32
Parametric Portfolio Associates
Washington
$3.71M -$81.6K -1,811 -2%
Ohio Public Employees Retirement System (OPERS)
33
Ohio Public Employees Retirement System (OPERS)
Ohio
$3M +$129K +2,873 +5%
California State Teachers Retirement System (CalSTRS)
34
California State Teachers Retirement System (CalSTRS)
California
$3M +$604K +13,400 +27%
RhumbLine Advisers
35
RhumbLine Advisers
Massachusetts
$2.98M +$43.6K +969 +2%
Charles Schwab
36
Charles Schwab
California
$2.82M +$448K +9,949 +20%
TA
37
Teachers Advisors
New York
$2.71M +$71.4K +1,586 +3%
Arrowstreet Capital
38
Arrowstreet Capital
Massachusetts
$2.49M +$2.39M +52,948 New
Millennium Management
39
Millennium Management
New York
$2.42M +$2.31M +51,337 New
State Board of Administration of Florida Retirement System
40
State Board of Administration of Florida Retirement System
Florida
$2.13M -$27.4K -608 -1%
CS
41
Credit Suisse
Switzerland
$1.98M +$445K +9,868 +31%
CCP
42
Clarkston Capital Partners
Michigan
$1.97M -$153K -3,400 -8%
Macquarie Group
43
Macquarie Group
Australia
$1.88M – – –
TRSOTSOK
44
Teachers Retirement System of the State of Kentucky
Kentucky
$1.68M – – –
Swiss National Bank
45
Swiss National Bank
Switzerland
$1.67M – – –
USAA
46
United Services Automobile Association
Texas
$1.61M – – –
Goldman Sachs
47
Goldman Sachs
New York
$1.55M +$364K +8,091 +33%
AllianceBernstein
48
AllianceBernstein
Tennessee
$1.49M +$131K +2,900 +10%
PRCM
49
Pine River Capital Management
Minnesota
$1.28M -$6.66M -147,798 -84%
ZCM
50
Zebra Capital Management
Connecticut
$1.21M +$671K +14,896 +137%
1
2
3 4 5

CHH Hedge Fund Activity: Q2 2014 in Review

115 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Choice Hotels (CHH) for Q2 2014, worth a combined $1.31B — up 2.4% from $1.28B a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of CHH and 17 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 46 added.

The largest buyer was Fundsmith LLP, adding an estimated $25.4M. The largest seller was Deutsche Bank, cutting an estimated $20.6M.

  • 115 institutional investors held Choice Hotels (CHH) as of Q2 2014, down from 117 in Q1 2014.
  • Funds reported $1.31B of Choice Hotels stock for Q2 2014, up 2.4% quarter-over-quarter.
  • 17 funds opened new Choice Hotels positions in Q2 2014 and 19 closed out, a net change of -2 holders.
  • The largest Choice Hotels buyer in Q2 2014 was Fundsmith LLP, an estimated $25.4M added.
  • The largest Choice Hotels seller in Q2 2014 was Deutsche Bank, an estimated $20.6M sold.

Based on aggregated 13F filings for Q2 2014.