CHOICE HOTELS INTL INC CHH
COM · Common Stock · CUSIP 169905106
American hotel chain
- SectorConsumer discretionary
- IndustryHotels & Motels
- HeadquartersNorth Bethesda, MD
- Founded1939
- Websitechoicehotels.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($7.5m this quarter). Holder counts are more reliable. Shares outstanding: 45.0m as of 2026-07-29, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $110.28. Options: 9 managers hold calls ($44.3m notional), 3 hold puts ($11.7m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 309 |
| Q4 2022 | 302 |
| Q1 2023 | 290 |
| Q2 2023 | 322 |
| Q3 2023 | 332 |
| Q4 2023 | 336 |
| Q1 2024 | 329 |
| Q2 2024 | 317 |
| Q3 2024 | 329 |
| Q4 2024 | 354 |
| Q1 2025 | 379 |
| Q2 2025 | 356 |
| Q3 2025 | 345 |
| Q4 2025 | 329 |
| Q1 2026 | 330 |
| Q2 2026 | 332 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 147 | 149 |
| Q4 2024 | 136 | 171 |
| Q1 2025 | 180 | 150 |
| Q2 2025 | 146 | 204 |
| Q3 2025 | 144 | 203 |
| Q4 2025 | 146 | 197 |
| Q1 2026 | 176 | 135 |
| Q2 2026 | 137 | 165 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $2.9m | $4.9m | 1.69 |
| Q4 2025 | $4.2m | $1.9m | 0.46 |
| Q1 2026 | $10.2m | $9.9m | 0.98 |
| Q2 2026 | $44.3m | $11.7m | 0.26 |
Biggest buyers
| BAMCO INC /NY/ | Added | +1.6m |
| Point72 Asset Management, L.P. | New | +453.0k |
| Woodline Partners LP | New | +386.6k |
| CITADEL ADVISORS LLC | Added | +368.6k |
| Freestone Grove Partners LP | Added | +271.8k |
| BlackRock, Inc. | Added | +114.6k |
| HRT FINANCIAL LP | Added | +95.2k |
| Alyeska Investment Group, L.P. | New | +76.0k |
| Quantinno Capital Management LP | Added | +65.5k |
| Erste Asset Management GmbH | Added | +65.0k |
Biggest sellers
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -2.3m |
| WELLS FARGO & COMPANY/MN | Reduced | -420.6k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -367.0k |
| MORGAN STANLEY | Reduced | -344.6k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -229.2k |
| UBS Group AG | Reduced | -171.0k |
| Hudson Bay Capital Management LP | Reduced | -134.8k |
| Chevy Chase Trust Holdings, LLC | Sold out | -131.5k |
| Squarepoint Ops LLC | Reduced | -98.5k |
| D. E. Shaw & Co., Inc. | Reduced | -98.3k |
Biggest calls
| LANDMARK INVESTMENT PARTNERS, L.P. | Added | $19.9m191.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.4m76.1k shares |
| Balyasny Asset Management L.P. | New | $6.6m60.0k shares |
| WELLS FARGO & COMPANY/MN | New | $3.4m31.0k shares |
| JANE STREET GROUP, LLC | Added | $2.3m21.1k shares |
| CITADEL ADVISORS LLC | Reduced | $1.8m16.4k shares |
| GROUP ONE TRADING LLC | New | $1.1m9.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $474.2k4.3k shares |
| IMC-Chicago, LLC | New | $253.6k2.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.6m50.6k shares |
| GROUP ONE TRADING LLC | Reduced | $5.5m50.0k shares |
| CITADEL ADVISORS LLC | Added | $562.4k5.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BAMCO INC /NY/ 13G · institution +4.4 pts · filed 2026-08-14 | 20.5% |
| MORGAN STANLEY 13G · institution -1.3 pts · filed 2026-08-12 | 6.3% |
Fell to 5% or below in the last year: KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC (2.0%, 2026-08-13), VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 4 | $12.7m | $12.7m |
| Q1 2025 | 0 | — | 2 | $776.1k | $776.1k |
| Q2 2025 | 0 | — | 1 | $259.1k | — |
| Q3 2025 | 0 | — | 1 | $1.6m | $1.6m |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 2 | $1.0m | $1.0m |
| Q2 2026 | 0 | — | 2 | $3.0m | $3.0m |
| Q3 2026 | 0 | — | 1 | $541.0k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-18 | JEWS WILLIAM L Director | Sold | $541.0k5.1k shares |
| 2026-06-16 | Oaksmith Scott E SVP, Chief Financial Officer | Sold plan | $230.0k2.0k shares |
| 2026-06-12 | Oaksmith Scott E SVP, Chief Financial Officer | Sold plan | $220.0k2.0k shares |
| 2026-05-26 | Dragisich Dominic Interim CEO | Sold plan | $2.6m22.6k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BAMCO INC /NY/ 1.54% of their portfolio | 9.3m $1.0bn | Added +1.6m |
| MORGAN STANLEY 0.02% of their portfolio | 2.9m $318.8m | Reduced -344.6k |
| BlackRock, Inc. 0.00% of their portfolio | 2.3m $249.9m | Added +114.6k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 1.1m $121.0m | Added +27.5k |
| Balyasny Asset Management L.P. 0.22% of their portfolio | 1.1m $120.6m | Reduced -78.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.1m $118.4m | Reduced -19.1k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.31% of their portfolio | 917.2k $101.1m | Reduced -2.3m |
| Voss Capital, LP 5.02% of their portfolio | 910.0k $100.3m | Reduced -57.5k |
| Boston Trust Walden Corp 0.75% of their portfolio | 898.9k $99.1m | Reduced -31.8k |
| STATE STREET CORP 0.00% of their portfolio | 746.6k $82.3m | Added +13.1k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 742.1k $81.8m | Added +368.6k |
| UBS Group AG 0.01% of their portfolio | 723.4k $79.8m | Reduced -171.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 669.7k $73.8m | Added +11.4k |
| Rock Creek Group LLC 7.33% of their portfolio | 660.9k $72.9m | Reduced -5.0k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 609.3k $67.2m | Reduced -3.5k |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 549.3k $60.6m | Reduced -367.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 473.9k $52.3m | Reduced -8.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 456.7k $50.4m | Added +27.4k |
| Point72 Asset Management, L.P. 0.08% of their portfolio | 453.0k $50.0m | New |
| Woodline Partners LP 0.13% of their portfolio | 386.6k $42.6m | New |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.20% of their portfolio | 359.6k $39.6m | Added +149 |
| Erste Asset Management GmbH 0.29% of their portfolio | 335.0k $37.5m | Added +65.0k |
| Quantinno Capital Management LP 0.04% of their portfolio | 323.8k $35.7m | Added +65.5k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.05% of their portfolio | 311.3k $34.3m | Reduced -2.4k |
| Freestone Grove Partners LP 0.20% of their portfolio | 276.3k $30.5m | Added +271.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 272.6k $30.1m | Reduced -1.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 238.6k $26.3m | Reduced -16.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 214.7k $23.7m | Added +8.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 211.5k $23.3m | Reduced -10.6k |
| Invesco Ltd. 0.00% of their portfolio | 195.3k $21.5m | Reduced -8.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 193.8k $21.4m | Reduced -29.0k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 182.8k $20.2m | Reduced -11.9k |
| Gotham Asset Management, LLC 0.04% of their portfolio | 166.7k $18.4m | Reduced -49.3k |
| HRT FINANCIAL LP 0.04% of their portfolio | 155.9k $17.2m | Added +95.2k |
| SummitTX Capital, L.P. 0.42% of their portfolio | 144.7k $16.0m | Added +19.6k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 136.6k $15.1m | Added +2.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 134.9k $15.2m | Reduced -40.9k |
| Fenimore Asset Management Inc 0.29% of their portfolio | 127.3k $14.0m | Reduced -61.6k |
| TUDOR INVESTMENT CORP ET AL 0.05% of their portfolio | 119.2k $13.1m | Reduced -71.1k |
| Susquehanna Portfolio Strategies, LLC 0.21% of their portfolio | 117.5k $13.0m | Reduced -5.0k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 104.8k $11.6m | Added +19.0k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 103.3k $11.6m | Added +18.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 94.9k $10.5m | Added +5.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 94.8k $10.4m | Reduced -18.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 92.4k $10.2m | Reduced -420.6k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 84.6k $9.3m | Reduced -12.5k |
| Sophron Capital Management L.P. 2.89% of their portfolio | 84.6k $9.3m | Reduced -36.1k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.48% of their portfolio | 82.4k $9.1m | Added +43.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 77.2k $8.5m | Added +1.9k |
| Alyeska Investment Group, L.P. 0.02% of their portfolio | 76.0k $8.4m | New |
| Squarepoint Ops LLC 0.02% of their portfolio | 71.6k $7.9m | Reduced -98.5k |
| NORGES BANK 0.00% of their portfolio | 71.0k $7.8m | Not comparable |
| Nuveen, LLC 0.00% of their portfolio | 70.5k $7.8m | Reduced -94.4k |
| HEARTLAND ADVISORS INC 0.34% of their portfolio | 68.9k $7.6m | Added +6.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 68.5k $7.6m | Reduced -11.5k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 67.4k $7.4m | Reduced -98.3k |
| Hudson Bay Capital Management LP 0.03% of their portfolio | 58.4k $6.4m | Reduced -134.8k |
| LANDMARK INVESTMENT PARTNERS, L.P. 5.38% of their portfolio | 55.9k $5.8m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 54.1k $5.6m | Added +30.6k |
| Swiss National Bank 0.00% of their portfolio | 50.8k $5.6m | Reduced -4.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 45.9k $5.1m | Reduced -659 |
| Jump Financial, LLC 0.04% of their portfolio | 44.1k $4.9m | Added +38.5k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 41.3k $4.5m | Added +20.5k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 38.9k $4.3m | Added +11.8k |
| ALPS ADVISORS INC 0.02% of their portfolio | 37.4k $4.1m | Added +1.1k |
| LPL Financial LLC 0.00% of their portfolio | 33.9k $3.7m | Reduced -2.2k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 33.3k $3.7m | Added +18.2k |
| Jupiter Topco LLC 0.00% of their portfolio | 33.1k $3.7m | First filing |
| Edgestream Partners, L.P. 0.11% of their portfolio | 33.0k $3.6m | Added +29.6k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 32.6k $3.6m | Added +3.3k |
| Legal & General Group Plc 0.00% of their portfolio | 32.2k $3.5m | Reduced -959 |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 31.1k $3.4m | Added +17.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 28.9k $3.2m | Reduced -4.2k |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 28.7k $3.2m | Reduced -9.1k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.19% of their portfolio | 26.0k $2.9m | Added +19.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 25.1k $2.8m | Reduced -183 |
| Ruffer LLP 0.10% of their portfolio | 25.0k $2.8m | Reduced -4.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 24.2k $2.7m | Added +1.6k |
| Vestmark Advisory Solutions, Inc. 0.02% of their portfolio | 23.9k $2.6m | Reduced -4.0k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 22.7k $2.5m | Reduced -5.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 22.7k $2.5m | Reduced -1.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 22.5k $2.5m | Reduced -460 |
| Retirement Systems of Alabama 0.01% of their portfolio | 21.0k $2.3m | Reduced -4.3k |
| NewEdge Wealth, LLC 0.02% of their portfolio | 20.2k $2.2m | Reduced -4.3k |
| ABS Investment Management LLC 1.43% of their portfolio | 20.0k $2.2m | First filing |
| ABS Direct Equity Fund LLC 1.40% of their portfolio | 20.0k $2.2m | Reduced -5.2k |
| Henshaw Capital LLC 0.07% of their portfolio | 19.7k $2.2m | Reduced -2.6k |
| Cinctive Capital Management LP 0.08% of their portfolio | 18.6k $2.0m | Added +5.7k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 18.3k $2.0m | Added +2.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 18.1k $2.0m | Reduced -12.6k |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 18.1k $2.0m | Reduced -31.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 16.8k $1.8m | Added +835 |
| BARCLAYS PLC 0.00% of their portfolio | 16.7k $1.8m | Reduced -12.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 14.9k $1.6m | Unchanged |
| Callan Family Office, LLC 0.03% of their portfolio | 14.7k $1.6m | Added +5.3k |
| Wealthspire Advisors, LLC 0.01% of their portfolio | 14.6k $1.6m | Reduced -535 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 14.1k $1.6m | Reduced -127 |
| Corient Private Wealth LP 0.00% of their portfolio | 13.5k $1.5m | Added +995 |
| DAVENPORT & Co LLC 0.01% of their portfolio | 13.3k $1.5m | Reduced -290 |
| Creative Planning 0.00% of their portfolio | 13.2k $1.5m | Added +1.3k |