The Chef's Warehouse

CHEF • NASDAQ

The Chef's Warehouse is a food distribution company in the consumer defensive sector on NASDAQ, led by Christopher Pappas, with a market cap of $2.5B. As of Q3 2025, 94% of shares are held by 245 institutional investors, with BlackRock, Inc. as the largest holder at 12.74%.

CEOChristopher Pappas

Market Cap$2.5B

Food Distribution

Consumer Defensive

Employees4.9K

Websitechefswarehouse.com

Country

United States of America

Overview

Overview of institutional ownership in CHEF as of Q3 2025 with a market cap of $2.4B

All Institutions

Institutions: 245
Value Held: $2.2B
Shares Held: 38.3M
Avg Position: $9.1M
Median Position: $853.7K

Hedge Funds

Hedge Funds: 37
Value Held: $164.8M
Shares Held: 2.8M
Avg Position: $4.5M
Median Position: $1.1M

Ownership Breakdown

Institutional (non-HF)

87.01%

$2.1B

Hedge Funds

6.93%

$164.8M

Retail & Other

6.06%

$144.2M

Based on market cap of $2.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CHEF as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$302.9M 0.01% of portfolio	12.74% 5.2M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$160.4M 0.00% of portfolio	6.75% 2.7M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$152.3M 0.03% of portfolio	6.41% 2.6M shares	Q4 2017 Held for 7y 11m	$571.21B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$95.4M 0.02% of portfolio	4.01% 1.6M shares	Q4 2017 Held for 7y 11m	$433.11B
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	David Craig Brown CEO	$80.7M 0.05% of portfolio	3.39% 1.4M shares	Q1 2022 Held for 3y 8m	$158.22B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$80.4M 0.00% of portfolio	3.38% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$74.0M 0.00% of portfolio	3.11% 1.3M shares	Q4 2017 Held for 7y 11m	$1.56T
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$67.0M 0.02% of portfolio	2.82% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$317.45B
M MACQUARIE GROUP LTD Institution	-	$62.0M 0.07% of portfolio	2.61% 1.1M shares	Q4 2024 Held for 11 months	$82.9B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$55.0M 0.01% of portfolio	2.31% 943.0K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B

Net Capital Flow

Institutional buying and selling activity for CHEF in Q3 2025

Traded: +$11.0M
Buyers: 138
Sellers: 106
Total Bought: +$196.9M
Total Sold: −$185.9M
Avg Position: $8.2M

Biggest Buyers

Institution	Net Bought	Current Position
M MACQUARIE GROUP LTD Institution	+$39.1M +670.5K shares	$62.0M 1.1M shares
GOLDMAN SACHS GROUP INC Institution	+$19.8M +339.5K shares	$27.3M 468.5K shares
BANK OF AMERICA CORP /DE/ Institution	+$14.1M +242.2K shares	$21.2M 363.5K shares
S Summit Creek Advisors LLC Long Only Manager	+$7.4M +127.4K shares	$7.4M 127.4K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	+$7.1M +122.4K shares	$7.1M 122.4K shares
D D. E. Shaw & Co., Inc. Institution	+$6.5M +110.6K shares	$21.2M 363.7K shares
J JANE STREET GROUP, LLC Institution	+$6.2M +107.1K shares	$11.8M 201.9K shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$5.4M +92.3K shares	$5.4M 92.3K shares
Invesco Ltd. ETF Provider	+$5.0M +85.2K shares	$51.5M 882.1K shares
LEUCADIA NATIONAL CORP Institution	+$5.0M +85.0K shares	$5.0M 85.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
G Greenhouse Funds LLLP Hedge Fund•Long/Short	−$36.0M −617.2K shares	$14.3M 245.6K shares
AMERIPRISE FINANCIAL INC Institution	−$28.8M −493.1K shares	$95.4M 1.6M shares
FEDERATED INVESTORS INC /PA/ Long Only Manager	−$11.2M −192.4K shares	$31.9M 547.7K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$8.0M −136.4K shares	$5.2M 88.8K shares
A AMERICAN CENTURY COMPANIES INC Institution	−$7.2M −124.0K shares	$7.1M 121.6K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$6.2M −105.7K shares	$4.4M 76.2K shares
B BI Asset Management Fondsmaeglerselskab A/S Institution	−$5.9M −92.5K shares	Sold Off 0 shares
EAM Global Investors LLC Long Only Manager	−$5.7M −89.4K shares	Sold Off 0 shares
LORD, ABBETT & CO. LLC Long Only Manager	−$5.5M −95.1K shares	$6.3M 107.4K shares
JPMORGAN CHASE & CO Institution	−$5.5M −94.7K shares	$74.0M 1.3M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CHEF in Q3 2025

New Positions: 23
New Value: $17.3M
Exited Positions: 26
Exited Value: $29.9M

New Positions

Institution	Position Value
S Summit Creek Advisors LLC Long Only Manager	$7.4M 127.4K shares
Masterton Capital Management, LP Hedge Fund•Long/Short	$4.1M 69.9K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$1.0M 17.4K shares
E EXCHANGE TRADED CONCEPTS, LLC Institution	$736.1K 12.6K shares
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$635.4K 10.9K shares
POLEN CAPITAL MANAGEMENT LLC Long Only Manager	$553.7K 9.5K shares
ARP AMERICAS LLC Hedge Fund•Multi-Strategy	$522.3K 9.0K shares
Cambridge Investment Research Advisors, Inc. RIA/Wealth	$426.0K 7.3K shares
V VIRGINIA RETIREMENT SYSTEMS ET AL Institution	$373.3K 6.4K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$304.2K 5.2K shares

Exited Positions

Institution	Previous Position
B BI Asset Management Fondsmaeglerselskab A/S Institution	$5.9M 92.5K shares
EAM Global Investors LLC Long Only Manager	$5.7M 89.4K shares
Stephens Investment Management Group LLC Long Only Manager	$4.4M 68.5K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.2M 49.5K shares
AH Lisanti Capital Growth, LLC Long Only Manager	$2.6M 40.0K shares
Advisors Preferred, LLC Institution	$1.5M 24.6K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.1M 16.8K shares
P Private Advisory Group LLC RIA/Wealth	$1.1M 16.6K shares
F FOX RUN MANAGEMENT, L.L.C. Hedge Fund•Quant	$1.0M 15.7K shares
W Winton Capital Group Ltd Institution	$748.0K 11.7K shares

Options Activity

Institutions with the largest Call and Put options positions in CHEF as of Q3 2025

Call Positions: 6
Call Value: $6.5M
Put Positions: 6
Put Value: $2.0M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.4M 418.0 contracts
J JANE STREET GROUP, LLC Institution	$2.3M 396.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.6M 266.0 contracts
W WOLVERINE TRADING, LLC Institution	$245.6K 42.0 contracts
P PEAK6 LLC Institution	- - contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$723.3K 124.0 contracts
J JANE STREET GROUP, LLC Institution	$659.1K 113.0 contracts
W WOLVERINE TRADING, LLC Institution	$584.8K 100.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts
LEUCADIA NATIONAL CORP Institution	- - contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Most Committed Institutions

Institutions with CHEF as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Masterton Capital Management, LP Hedge Fund•Long/Short	Stephen Michael Mykijewycz CEO	2.24% $4.1M	0.17% 69.9K shares	Q3 2025 Held for 2 months	$182.4M
E Expect Equity LLC Institution	-	1.36% $1.4M	0.06% 23.8K shares	Q4 2024 Held for 11 months	$102.4M
KENNEDY CAPITAL MANAGEMENT, INC. Long Only Manager	Donald M Cobin CEO	1.18% $53.2M	2.24% 912.4K shares	Q3 2019 Held for 6y 2m	$4.5B
S Summit Creek Advisors LLC Long Only Manager	Adam Nathan Benson Managing Partner	1.08% $7.4M	0.31% 127.4K shares	Q3 2025 Held for 2 months	$686.1M
PENN CAPITAL MANAGEMENT CO INC Long Only Manager	Pamela Marie Lawrence President	1.04% $13.5M	0.57% 230.6K shares	Q4 2023 Held for 1y 11m	$1.3B
G Greenhouse Funds LLLP Hedge Fund•Long/Short	Joseph Michael Milano CIO	0.56% $14.3M	0.60% 245.6K shares	Q2 2020 Held for 5y 5m	$2.6B
Granite Investment Partners, LLC Long Only Manager	Peter Orlando Lopez Managing Partner	0.47% $8.3M	0.35% 141.8K shares	Q2 2025 Held for 5 months	$1.8B
Jackson Creek Investment Advisors LLC Long Only Manager	Mark Frederick Jaeger Managing Partner	0.44% $1.5M	0.06% 26.2K shares	Q2 2025 Held for 5 months	$345.2M
TimesSquare Capital Management, LLC Long Only Manager	Grant Richard Babyak CEO	0.44% $30.6M	1.29% 524.6K shares	Q4 2024 Held for 11 months	$7.0B
HENNESSY ADVISORS INC Institution	Neil Joseph Hennessy CEO	0.34% $10.0M	0.42% 171.4K shares	Q2 2025 Held for 5 months	$2.9B

Hedge Fund Spotlight

Discover hedge funds investing in CHEF

TWINBEECH CAPITAL LP

Hedge Fund • Quant

Portfolio ManagerJinghua (Nmn) Yan

Portfolio Value: $2.5B
Positions: 536
Last Reported: Q3 2025

Sector Allocation

Position in The Chef's Warehouse

Market Value: $1.0M
Shares Held: 17.4K
Portfolio Weight: 0.04%
Owned Since: 2025-Q3

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