CHOICE HOTELS INTL INC

Ticker: CHH CUSIP: 169905106 Class: Common Stock

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
BAMCO INC /NY/7,386,575$703,645
MORGAN STANLEY3,478,422$331,355
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC2,977,478$283,635
VANGUARD GROUP INC2,331,972$222,144
BlackRock, Inc.2,147,139$204,537
Boston Trust Walden Corp991,405$94,441
STATE STREET CORP709,480$67,585
Rock Creek Group, LP694,079$66,118
DIMENSIONAL FUND ADVISORS LP627,826$59,809
WELLINGTON MANAGEMENT GROUP LLP574,630$54,739
TWO SIGMA INVESTMENTS, LP514,026$48,966
GOLDMAN SACHS GROUP INC512,628$48,833
WELLS FARGO & COMPANY/MN455,378$43,379
GEODE CAPITAL MANAGEMENT, LLC431,916$41,151
UBS Group AG395,139$37,641
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/355,751$33,889
TWO SIGMA ADVISERS, LP319,000$30,388
NORGES BANK303,488$28,910
TUDOR INVESTMENT CORP ET AL280,513$26,722
NORTHERN TRUST CORP257,911$24,569
CHARLES SCHWAB INVESTMENT MANAGEMENT INC256,615$24,445
Erste Asset Management GmbH250,000$23,815
Invesco Ltd.242,985$23,147
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP238,406$22,711
Bank of New York Mellon Corp235,101$22,396
BANK OF AMERICA CORP /DE/231,821$22,083
RAYMOND JAMES FINANCIAL INC228,335$21,751
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.223,634$21,303
JPMORGAN CHASE & CO208,299$19,843
D. E. Shaw & Co., Inc.194,416$18,520
FENIMORE ASSET MANAGEMENT INC193,444$18,427
Quantinno Capital Management LP190,658$18,162
BNP PARIBAS ARBITRAGE, SA180,288$17,174
CITADEL ADVISORS LLC171,496$16,337
ENVESTNET ASSET MANAGEMENT INC164,377$15,659
Sophron Capital Management L.P.148,795$14,174
Chevy Chase Trust Holdings, LLC131,500$12,527
Susquehanna Portfolio Strategies, LLC122,422$11,662
ROYAL BANK OF CANADA116,682$11,115
MARKEL GROUP INC.115,500$11,003
HRT FINANCIAL LP111,135$11
MILLENNIUM MANAGEMENT LLC110,040$10,482
Gotham Asset Management, LLC109,952$10,474
STIFEL FINANCIAL CORP92,308$8,793
UBS ASSET MANAGEMENT AMERICAS INC92,048$8,768
RHUMBLINE ADVISERS79,333$7,557
VOLORIDGE INVESTMENT MANAGEMENT, LLC78,155$7,445
Point72 Asset Management, L.P.76,224$7,261
NATIXIS ADVISORS, L.P.73,371$7
Squarepoint Ops LLC66,400$6,325
Taproot Management LP60,757$5,788
Connor, Clark & Lunn Investment Management Ltd.59,311$5,650
BALYASNY ASSET MANAGEMENT L.P.57,449$5,473
Lighthouse Investment Partners, LLC55,887$5,324
Swiss National Bank54,767$5,217
Aquatic Capital Management LLC51,780$4,933
CAPITAL FUND MANAGEMENT S.A.48,506$4,621
PRINCIPAL FINANCIAL GROUP INC44,597$4,248
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM44,488$4,238
Atom Investors LP41,816$3,983
Nuveen, LLC40,334$3,842
BARCLAYS PLC39,900$3,801
Legal & General Group Plc38,817$3,698
ALPS ADVISORS INC38,099$3,629
Bridgewater Associates, LP37,689$3,590
SummitTX Capital, L.P.36,026$3,432
Janney Montgomery Scott LLC35,169$3
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO35,111$3,345
Edgestream Partners, L.P.34,805$3,316
AGF MANAGEMENT LTD33,708$3,211
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM31,274$2,979
ALLIANCEBERNSTEIN L.P.31,235$2,975
XTX Topco Ltd28,632$2,727
SEI INVESTMENTS CO28,417$2,707
AQR CAPITAL MANAGEMENT LLC26,698$2,543
TRUIST FINANCIAL CORP25,516$2,431
Retirement Systems of Alabama24,806$2,363
Vestmark Advisory Solutions, Inc.23,122$2,203
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM22,965$2,188
AMERIPRISE FINANCIAL INC22,737$2,166
LPL Financial LLC22,667$2,159
Verition Fund Management LLC21,600$2,058
NewEdge Wealth, LLC21,372$2,036
PRICE T ROWE ASSOCIATES INC /MD/21,146$2
Weiss Asset Management LP20,643$1,966
OCCUDO QUANTITATIVE STRATEGIES LP19,234$1,832
State of New Jersey Common Pension Fund D17,737$1,690
HSBC HOLDINGS PLC17,462$1,682
Savoir Faire Capital Management, L.P.16,147$1,538
MANUFACTURERS LIFE INSURANCE COMPANY, THE15,929$1,517
Wealthspire Advisors, LLC15,348$1,462
CITIGROUP INC15,110$1,439
NEW YORK STATE COMMON RETIREMENT FUND14,851$1,415
COMMONWEALTH EQUITY SERVICES, LLC14,169$1,350
Quantbot Technologies LP13,651$1,300
GREAT WEST LIFE ASSURANCE CO /CAN/13,345$1
Jump Financial, LLC13,000$1,238
JANUS HENDERSON GROUP PLC12,577$1,198
Police & Firemen's Retirement System of New Jersey12,280$1,170
Treasurer of the State of North Carolina11,332$1
227 other institutions652,014$55,508
Total (327 institutions)32,614,528$3,075,018