Choice Hotels
CHH
198 hedge funds and large institutions have $2.65B invested in Choice Hotels in 2019 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 66 increasing their positions, 63 reducing their positions, and 22 closing their positions.
74% more call options, than puts
Call options by funds: $1.39M | Put options by funds: $800K
32% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 22
13% more capital invested
Capital invested by funds: $2.36B → $2.65B (+$296M)
2.4% more ownership
Funds ownership: 58.94% → 61.33% (+2.4%)
2% more funds holding
Funds holding: 195 → 198 (+3)
5% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 63
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ESCM
Echo Street Capital Management
New York
|
+$34.3M |
| 2 |
SCM
Sirios Capital Management
Boston,
Massachusetts
|
+$29.9M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$26.7M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$23.6M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
+$22.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$35.7M |
| 2 |
APG Asset Management
Amsterdam,
Netherlands
|
-$22.7M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$13.9M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$11.2M |
| 5 |
BAPIM
British Airways Pensions Investment Management
London,
United Kingdom
|
-$9.8M |
CHH Hedge Fund Activity: Q1 2019 in Review
198 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Choice Hotels (CHH) for Q1 2019, worth a combined $2.65B — up 13% from $2.36B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new CHH positions and 22 closed out — a net gain of 7 holders — while 66 added to existing stakes and 63 trimmed.
The largest buyer was Echo Street Capital Management, adding an estimated $34.3M. The largest seller was Renaissance Technologies, cutting an estimated $35.7M.
- 198 institutional investors held Choice Hotels (CHH) as of Q1 2019, up from 195 in Q4 2018.
- Funds reported $2.65B of Choice Hotels stock for Q1 2019, up 13% quarter-over-quarter.
- 29 funds opened new Choice Hotels positions in Q1 2019 and 22 closed out, a net change of +7 holders.
- The largest Choice Hotels buyer in Q1 2019 was Echo Street Capital Management, an estimated $34.3M added.
- The largest Choice Hotels seller in Q1 2019 was Renaissance Technologies, an estimated $35.7M sold.
Based on aggregated 13F filings for Q1 2019.