Choice Hotels
126 hedge funds and large institutions have $1.35B invested in Choice Hotels in 2016 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 48 increasing their positions, 33 reducing their positions, and 24 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 33
0.51% less ownership
Funds ownership: 50.59% → 50.07% (-0.51%)
5% less funds holding
Funds holding: 132 → 126 (-6)
12% less capital invested
Capital invested by funds: $1.53B → $1.35B (-$183M)
16% less call options, than puts
Call options by funds: $319K | Put options by funds: $378K
17% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ESCM
Echo Street Capital Management
New York
|
+$22.4M |
| 2 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
+$12.6M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$12.3M |
| 4 |
Millennium Management
New York
|
+$10M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$9.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
-$69.4M |
| 2 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$27.6M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$17.3M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$3.12M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$2.93M |
CHH Hedge Fund Activity: Q2 2016 in Review
126 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Choice Hotels (CHH) for Q2 2016, worth a combined $1.35B — down 12% from $1.53B a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of CHH and 20 opened new positions — a net loss of 4 holders — while 33 trimmed existing stakes and 48 added.
The largest buyer was Echo Street Capital Management, adding an estimated $22.4M. The largest seller was William Blair Investment Management, exiting entirely with an estimated $69.4M sold.
- 126 institutional investors held Choice Hotels (CHH) as of Q2 2016, down from 132 in Q1 2016.
- Funds reported $1.35B of Choice Hotels stock for Q2 2016, down 12% quarter-over-quarter.
- 20 funds opened new Choice Hotels positions in Q2 2016 and 24 closed out, a net change of -4 holders.
- The largest Choice Hotels buyer in Q2 2016 was Echo Street Capital Management, an estimated $22.4M added.
- The largest Choice Hotels seller in Q2 2016 was William Blair Investment Management, an estimated $69.4M sold.
Based on aggregated 13F filings for Q2 2016.