Choice Hotels
144 hedge funds and large institutions have $1.24B invested in Choice Hotels in 2016 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 59 increasing their positions, 35 reducing their positions, and 8 closing their positions.
225% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 8
69% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 35
14% more funds holding
Funds holding: 126 → 144 (+18)
0% less call options, than puts
Call options by funds: $1.28M | Put options by funds: $1.29M
0.88% less ownership
Funds ownership: 50.07% → 49.19% (-0.88%)
8% less capital invested
Capital invested by funds: $1.35B → $1.24B (-$111M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ESCM
Echo Street Capital Management
New York
|
+$21.7M |
| 2 |
Morgan Stanley
New York
|
+$15.3M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$13.6M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$9.8M |
| 5 |
ACM
Atlanta Capital Management
Atlanta,
Georgia
|
+$8.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$126M |
| 2 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$14M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$9.28M |
| 4 |
Renaissance Technologies
New York
|
-$4.03M |
| 5 |
Millennium Management
New York
|
-$1.73M |
CHH Hedge Fund Activity: Q3 2016 in Review
144 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Choice Hotels (CHH) for Q3 2016, worth a combined $1.24B — down 8.2% from $1.35B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new CHH positions and 8 closed out — a net gain of 18 holders — while 59 added to existing stakes and 35 trimmed.
The largest buyer was Echo Street Capital Management, adding an estimated $21.7M. The largest seller was T. Rowe Price Associates, cutting an estimated $126M.
- 144 institutional investors held Choice Hotels (CHH) as of Q3 2016, up from 126 in Q2 2016.
- Funds reported $1.24B of Choice Hotels stock for Q3 2016, down 8.2% quarter-over-quarter.
- 26 funds opened new Choice Hotels positions in Q3 2016 and 8 closed out, a net change of +18 holders.
- The largest Choice Hotels buyer in Q3 2016 was Echo Street Capital Management, an estimated $21.7M added.
- The largest Choice Hotels seller in Q3 2016 was T. Rowe Price Associates, an estimated $126M sold.
Based on aggregated 13F filings for Q3 2016.