Choice Hotels
192 hedge funds and large institutions have $2.35B invested in Choice Hotels in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 82 increasing their positions, 56 reducing their positions, and 29 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 56
2.61% more ownership
Funds ownership: 52.45% → 55.06% (+2.6%)
2% less capital invested
Capital invested by funds: $2.39B → $2.35B (-$36.3M)
8% less funds holding
Funds holding: 209 → 192 (-17)
52% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 29
56% less call options, than puts
Call options by funds: $1.49M | Put options by funds: $3.36M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ESCM
Echo Street Capital Management
New York
|
+$39.9M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
+$34.1M |
| 3 |
Goldman Sachs
New York
|
+$30M |
| 4 |
APG Asset Management
Amsterdam,
Netherlands
|
+$18.1M |
| 5 |
BlackRock
New York
|
+$14.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$20.9M |
| 2 |
WCP
Waterfront Capital Partners
New York
|
-$15.3M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$8.6M |
| 4 |
Citigroup
New York
|
-$7.97M |
| 5 |
MWNA
Marshall Wace North America
New York
|
-$7.8M |
CHH Hedge Fund Activity: Q2 2018 in Review
192 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Choice Hotels (CHH) for Q2 2018, worth a combined $2.35B — down 1.5% from $2.39B a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of CHH and 14 opened new positions — a net loss of 15 holders — while 56 trimmed existing stakes and 82 added.
The largest buyer was Echo Street Capital Management, adding an estimated $39.9M. The largest seller was Millennium Management, cutting an estimated $20.9M.
- 192 institutional investors held Choice Hotels (CHH) as of Q2 2018, down from 209 in Q1 2018.
- Funds reported $2.35B of Choice Hotels stock for Q2 2018, down 1.5% quarter-over-quarter.
- 14 funds opened new Choice Hotels positions in Q2 2018 and 29 closed out, a net change of -15 holders.
- The largest Choice Hotels buyer in Q2 2018 was Echo Street Capital Management, an estimated $39.9M added.
- The largest Choice Hotels seller in Q2 2018 was Millennium Management, an estimated $20.9M sold.
Based on aggregated 13F filings for Q2 2018.