Choice Hotels
101 hedge funds and large institutions have $1.15B invested in Choice Hotels in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 40 increasing their positions, 33 reducing their positions, and 8 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 33
9% more capital invested
Capital invested by funds: $1.06B → $1.15B (+$93.5M)
0.02% less ownership
Funds ownership: 45.68% → 45.66% (-0.02%)
4% less funds holding
Funds holding: 105 → 101 (-4)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
91% less call options, than puts
Call options by funds: $65K | Put options by funds: $734K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$14.3M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$10.8M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.29M |
| 4 |
BAMCO Inc
New York
|
+$3.14M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$13.1M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$4.47M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$4.4M |
| 4 |
State Street
Boston,
Massachusetts
|
-$4.09M |
| 5 |
Natixis Advisors
Boston,
Massachusetts
|
-$2.96M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $106 | -$15.9K | -384 | -13% |
|
|
102
First Trust Advisors
Wheaton,
Illinois
| – | -$4.47M | -112,760 | Closed |
|
|
AL
103
AJO LP
Philadelphia,
Pennsylvania
| – | -$4.4M | -110,900 | Closed |
|
104
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
| – | -$333K | -8,400 | Closed |
|
105
Nisa Investment Advisors
St. Louis,
Missouri
| – | -$266K | -6,700 | Closed |
|
|
T
106
TradeWorx
Red Bank,
New Jersey
| – | -$231K | -5,830 | Closed |
|
107
New York State Common Retirement Fund
Albany,
New York
| – | -$187K | -4,700 | Closed |
|
|
CM
108
Capital Management
Glen Allen,
Virginia
| – | -$145K | -3,649 | Closed |
|
109
Fuller & Thaler Asset Management
San Mateo,
California
| – | -$81K | -2,050 | Closed |
|
CHH Hedge Fund Activity: Q3 2013 in Review
101 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Choice Hotels (CHH) for Q3 2013, worth a combined $1.15B — up 8.8% from $1.06B a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of CHH and 6 opened new positions — a net loss of 2 holders — while 33 trimmed existing stakes and 40 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $14.3M. The largest seller was Vaughan Nelson Investment Management, cutting an estimated $13.1M.
- 101 institutional investors held Choice Hotels (CHH) as of Q3 2013, down from 105 in Q2 2013.
- Funds reported $1.15B of Choice Hotels stock for Q3 2013, up 8.8% quarter-over-quarter.
- 6 funds opened new Choice Hotels positions in Q3 2013 and 8 closed out, a net change of -2 holders.
- The largest Choice Hotels buyer in Q3 2013 was T. Rowe Price Associates, an estimated $14.3M added.
- The largest Choice Hotels seller in Q3 2013 was Vaughan Nelson Investment Management, an estimated $13.1M sold.
Based on aggregated 13F filings for Q3 2013.