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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
Royal Bank of Canada
76
Royal Bank of Canada
Ontario, Canada
$350K -$829K -18,397 -71%
Principal Financial Group
77
Principal Financial Group
Iowa
$346K +$331K +7,340 New
COI
78
Connable Office Inc
Michigan
$320K – – –
JG
79
Jefferies Group
New York
$289K +$276K +6,128 New
CC
80
Capital Counsel
New York
$283K – – –
HIM
81
Hillsdale Investment Management
Ontario, Canada
$283K +$270K +6,000 New
AG
82
Aperio Group
California
$280K -$39.6K -879 -13%
URS
83
Utah Retirement Systems
Utah
$279K +$45K +1,000 +20%
BNP Paribas Financial Markets
84
BNP Paribas Financial Markets
France
$271K +$45.7K +1,014 +21%
BA
85
BlackRock Advisors
Delaware
$271K – – –
PAM
86
Princeton Alpha Management
New Jersey
$252K +$241K +5,351 New
Fidelity Investments
87
Fidelity Investments
Massachusetts
$244K +$233K +5,182 New
Two Sigma Advisers
88
Two Sigma Advisers
New York
$240K -$907K -20,126 -80%
NCCM
89
Nine Chapters Capital Management
New Jersey
$221K +$212K +4,700 New
PAG
90
Pinnacle Advisory Group
Maryland
$217K – – –
Nisa Investment Advisors
91
Nisa Investment Advisors
Missouri
$212K – – –
Canada Pension Plan Investment Board
92
Canada Pension Plan Investment Board
Ontario, Canada
$207K +$90.1K +2,000 +83%
Citigroup
93
Citigroup
New York
$185K +$178K +3,942 New
Fuller & Thaler Asset Management
94
Fuller & Thaler Asset Management
California
$174K – – –
GT
95
Glenmede Trust
Pennsylvania
$149K – – –
TWA
96
TCI Wealth Advisors
Arizona
$141K – – –
Canada Life
97
Canada Life
Manitoba, Canada
$121K – – –
LTFS
98
Ladenburg Thalmann Financial Services
Florida
$120K +$270 +6 +0.2%
TRCT
99
Tower Research Capital (TRC)
New York
$91K +$12.3K +273 +16%
Manulife (Manufacturers Life Insurance)
100
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$82K – – –
2 3
4
5 6

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.