Choice Hotels
CHH
322 hedge funds and large institutions have $4.1B invested in Choice Hotels in 2023 Q2 according to their latest regulatory filings, with 69 funds opening new positions, 96 increasing their positions, 105 reducing their positions, and 36 closing their positions.
92% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 36
30% more call options, than puts
Call options by funds: $5.54M | Put options by funds: $4.24M
12% more capital invested
Capital invested by funds: $3.65B → $4.1B (+$446M)
11% more funds holding
Funds holding: 289 → 322 (+33)
8.25% more ownership
Funds ownership: 60.55% → 68.8% (+8.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 105
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$242M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$88.2M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$42.6M |
| 4 |
Millennium Management
New York
|
+$38.9M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$25.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$21.9M |
| 2 |
RCW
Rheos Capital Works
Tokyo,
Japan
|
-$20.9M |
| 3 |
Renaissance Technologies
New York
|
-$20.3M |
| 4 |
Brown Advisory
Baltimore,
Maryland
|
-$18.1M |
| 5 |
ESCM
Echo Street Capital Management
New York
|
-$17.3M |
CHH Hedge Fund Activity: Q2 2023 in Review
322 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Choice Hotels (CHH) for Q2 2023, worth a combined $4.1B — up 12% from $3.65B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new CHH positions and 36 closed out — a net gain of 33 holders — while 96 added to existing stakes and 105 trimmed.
The largest buyer was Kayne Anderson Rudnick Investment Management, adding an estimated $242M. The largest seller was AllianceBernstein, cutting an estimated $21.9M.
- 322 institutional investors held Choice Hotels (CHH) as of Q2 2023, up from 289 in Q1 2023.
- Funds reported $4.1B of Choice Hotels stock for Q2 2023, up 12% quarter-over-quarter.
- 69 funds opened new Choice Hotels positions in Q2 2023 and 36 closed out, a net change of +33 holders.
- The largest Choice Hotels buyer in Q2 2023 was Kayne Anderson Rudnick Investment Management, an estimated $242M added.
- The largest Choice Hotels seller in Q2 2023 was AllianceBernstein, an estimated $21.9M sold.
Based on aggregated 13F filings for Q2 2023.