Choice Hotels
210 hedge funds and large institutions have $2.09B invested in Choice Hotels in 2020 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 81 increasing their positions, 65 reducing their positions, and 54 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 65
2.02% less ownership
Funds ownership: 63.18% → 61.16% (-2%)
13% less funds holding
Funds holding: 240 → 210 (-30)
43% less capital invested
Capital invested by funds: $3.64B → $2.09B (-$1.56B)
46% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 54
68% less call options, than puts
Call options by funds: $2.14M | Put options by funds: $6.76M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$73.3M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$37.2M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$24.5M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$16.2M |
| 5 |
KBC Group
Brussels,
Belgium
|
+$9.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
-$48.4M |
| 2 |
BlackRock
New York
|
-$40.9M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$33.6M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$21.9M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$21.2M |
CHH Hedge Fund Activity: Q1 2020 in Review
210 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Choice Hotels (CHH) for Q1 2020, worth a combined $2.09B — down 43% from $3.64B a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of CHH and 29 opened new positions — a net loss of 25 holders — while 65 trimmed existing stakes and 81 added.
The largest buyer was Victory Capital Management, adding an estimated $73.3M. The largest seller was Brown Advisory, cutting an estimated $48.4M.
- 210 institutional investors held Choice Hotels (CHH) as of Q1 2020, down from 240 in Q4 2019.
- Funds reported $2.09B of Choice Hotels stock for Q1 2020, down 43% quarter-over-quarter.
- 29 funds opened new Choice Hotels positions in Q1 2020 and 54 closed out, a net change of -25 holders.
- The largest Choice Hotels buyer in Q1 2020 was Victory Capital Management, an estimated $73.3M added.
- The largest Choice Hotels seller in Q1 2020 was Brown Advisory, an estimated $48.4M sold.
Based on aggregated 13F filings for Q1 2020.