Choice Hotels International

CHH • NYSE

Choice Hotels International is a travel lodging company in the consumer cyclical sector on NYSE, led by Patrick S. Pacious, with a market cap of $4.2B. As of Q3 2025, 67% of shares are held by 339 institutional investors, with BAMCO INC /NY/ as the largest holder at 11.58%.

Chief Executive OfficerPatrick S. Pacious

Market Cap$4.2B

Travel Lodging

Consumer Cyclical

Employees1.8K

Websitechoicehotels.com

Country

United States of America

Overview

Overview of institutional ownership in CHH as of Q3 2025 with a market cap of $4.9B

All Institutions

Institutions: 339
Value Held: $3.3B
Shares Held: 31.1M
Avg Position: $9.8M
Median Position: $426.8K

Hedge Funds

Hedge Funds: 44
Value Held: $222.0M
Shares Held: 2.1M
Avg Position: $5.0M
Median Position: $2.3M

Ownership Breakdown

Institutional (non-HF)

62.83%

$3.1B

Hedge Funds

4.49%

$222.0M

Retail & Other

32.68%

$1.6B

Based on market cap of $4.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CHH as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BAMCO INC /NY/ Long Only Manager	Ronald Stephen Baron CEO	$573.0M 1.52% of portfolio	11.58% 5.4M shares	≤ Q2 2013 Held for 12y 5m+	$37.7B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$409.8M 0.02% of portfolio	8.28% 3.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	George Robert Aylward CEO	$395.9M 0.97% of portfolio	8.00% 3.7M shares	Q1 2023 Held for 2y 8m	$41.0B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$246.4M 0.00% of portfolio	4.98% 2.3M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$220.8M 0.00% of portfolio	4.46% 2.1M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
B BTIM Corp. Institution	-	$111.9M 0.82% of portfolio	2.26% 1.0M shares	Q3 2014 Held for 11y 2m	$13.6B
Rock Creek Group, LP Fund of Funds	Afsaneh Mashayekhi Beschloss CEO	$79.2M 8.34% of portfolio	1.60% 741.1K shares	Q4 2021 Held for 3y 11m	$950.3M
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$77.5M 0.00% of portfolio	1.57% 725.0K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$67.5M 0.01% of portfolio	1.36% 631.3K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$60.9M 0.01% of portfolio	1.23% 569.3K shares	≤ Q2 2013 Held for 12y 5m+	$488.50B

Net Capital Flow

Institutional buying and selling activity for CHH in Q3 2025

Traded: −$144.5M
Buyers: 149
Sellers: 196
Total Bought: +$192.6M
Total Sold: −$337.1M
Avg Position: $8.4M

Biggest Buyers

Institution	Net Bought	Current Position
BAMCO INC /NY/ Long Only Manager	+$39.5M +369.2K shares	$573.0M 5.4M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$12.2M +114.4K shares	$28.0M 262.3K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	+$10.3M +96.4K shares	$12.8M 120.0K shares
C Cubist Systematic Strategies, LLC Institution	+$10.1M +94.4K shares	$10.1M 94.4K shares
B BTIM Corp. Institution	+$8.7M +81.1K shares	$111.9M 1.0M shares
GOLDMAN SACHS GROUP INC Institution	+$8.4M +78.2K shares	$21.8M 203.9K shares
Invesco Ltd. ETF Provider	+$7.2M +67.0K shares	$15.7M 147.2K shares
S Sophron Capital Management L.P. Hedge Fund•Long/Short	+$6.8M +63.7K shares	$12.3M 115.2K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	+$6.5M +61.0K shares	$11.8M 110.4K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$5.9M +54.8K shares	$5.9M 54.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
Fundsmith LLP Long Only Manager	−$93.1M −733.9K shares	Sold Off 0 shares
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	−$26.7M −250.0K shares	$395.9M 3.7M shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$15.6M −146.1K shares	$9.7M 91.0K shares
CONGRESS ASSET MANAGEMENT CO /MA Long Only Manager	−$12.8M −100.8K shares	Sold Off 0 shares
UBS Group AG Institution	−$11.2M −105.1K shares	$31.0M 290.2K shares
BANK OF AMERICA CORP /DE/ Institution	−$10.5M −98.3K shares	$35.3M 330.0K shares
J JANE STREET GROUP, LLC Institution	−$8.7M −81.4K shares	$1.8M 16.7K shares
B BlackRock, Inc. Institution	−$8.1M −75.6K shares	$220.8M 2.1M shares
Rock Creek Group, LP Fund of Funds	−$7.5M −70.5K shares	$79.2M 741.1K shares
Quantbot Technologies LLC Hedge Fund•Quant	−$7.0M −65.8K shares	$2.4M 22.3K shares

Entry and Exit Activity

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

New Positions: 22
New Value: $5.9M
Exited Positions: 58
Exited Value: $142.7M

New Positions

Institution	Position Value
E Elo Mutual Pension Insurance Co Institution	$2.1M 19.6K shares
Point72 Ltd RIA/Wealth	$838.2K 7.8K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$729.9K 6.0K shares
P Perbak Capital Partners LLP Institution	$488.9K 4.6K shares
Requisite Capital Management, LLC RIA/Wealth	$401.3K 3.8K shares
S SHERBROOKE PARK ADVISERS LLC Hedge Fund•Quant	$400.5K 3.7K shares
Morningstar Investment Management LLC Long Only Manager	$348.2K 3.3K shares
Net Worth Advisory Group RIA/Wealth	$243.6K 2.3K shares
P PharVision Advisers, LLC Hedge Fund•Long/Short	$228.9K 2.1K shares
Annis Gardner Whiting Capital Advisors, LLC RIA/Wealth	$100.3K 938.0 shares

Exited Positions

Institution	Previous Position
Fundsmith LLP Long Only Manager	$93.1M 733.9K shares
CONGRESS ASSET MANAGEMENT CO /MA Long Only Manager	$12.8M 100.8K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$5.0M 39.6K shares
Trexquant Investment LP Hedge Fund•Quant	$4.3M 34.3K shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	$3.0M 23.6K shares
Susquehanna Portfolio Strategies, LLC Private Equity	$2.6M 20.6K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.9M 15.0K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$1.9M 14.9K shares
C CAXTON ASSOCIATES LLP Institution	$1.5M 11.6K shares
Semanteon Capital Management, LP Hedge Fund•Long/Short	$1.5M 11.5K shares

Options Activity

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

Call Positions: 3
Call Value: $2.9M
Put Positions: 4
Put Value: $4.7M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.8M 167.0 contracts
LANDMARK INVESTMENT PARTNERS, L.P. Hedge Fund•Long/Short	$1.1M 100.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.9M 369.0 contracts
J JANE STREET GROUP, LLC Institution	$374.2K 35.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$342.1K 32.0 contracts
B BENJAMIN EDWARDS INC Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Rock Creek Group, LP Fund of Funds	Afsaneh Mashayekhi Beschloss CEO	8.34% $79.2M	1.60% 741.1K shares	Q4 2021 Held for 3y 11m	$950.3M
S Sophron Capital Management L.P. Hedge Fund•Long/Short	George Michael Maslovsky CEO	3.79% $12.3M	0.25% 115.2K shares	Q4 2024 Held for 11 months	$324.6M
BAMCO INC /NY/ Long Only Manager	Ronald Stephen Baron CEO	1.52% $573.0M	11.58% 5.4M shares	≤ Q2 2013 Held for 12y 5m+	$37.7B
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	George Robert Aylward CEO	0.97% $395.9M	8.00% 3.7M shares	Q1 2023 Held for 2y 8m	$41.0B
B BTIM Corp. Institution	-	0.82% $111.9M	2.26% 1.0M shares	Q3 2014 Held for 11y 2m	$13.6B
A Aurora Investment Managers, LLC. RIA/Wealth	Shakeel [Nmn] Dewji Managing Partner	0.82% $1.3M	0.03% 12.0K shares	Q4 2019 Held for 5y 11m	$156.2M
Savoir Faire Capital Management, L.P. Hedge Fund•Long/Short	Brian Michael Crombie Managing Partner	0.73% $2.0M	0.04% 18.9K shares	Q1 2025 Held for 8 months	$278.8M
PRING TURNER CAPITAL GROUP INC RIA/Wealth	Thomas John Kopas CEO	0.57% $932.6K	0.02% 8.7K shares	Q2 2024 Held for 1y 5m	$163.8M
S Sciencast Management LP Hedge Fund•Quant	Qing Li CEO	0.45% $2.4M	0.05% 22.6K shares	Q3 2023 Held for 2y 2m	$534.5M
H HUSSMAN STRATEGIC ADVISORS, INC. Institution	John Peter Hussman President	0.39% $1.8M	0.04% 16.8K shares	Q1 2025 Held for 8 months	$458.6M

Hedge Fund Spotlight

Discover hedge funds investing in CHH

Bridgewater Associates, LP

Hedge Fund • Global Macro

Portfolio ManagerNir Bar Dea

Portfolio Value: $25.5B
Positions: 1,015
Last Reported: Q3 2025

Sector Allocation

Position in Choice Hotels International

Market Value: $1.9M
Shares Held: 17.4K
Portfolio Weight: 0.01%
Owned Since: 2023-Q3

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