Expedia Group
EXPE
597 hedge funds and large institutions have $14.6B invested in Expedia Group in 2017 Q4 according to their latest regulatory filings, with 106 funds opening new positions, 217 increasing their positions, 203 reducing their positions, and 109 closing their positions.
38% more call options, than puts
Call options by funds: $922M | Put options by funds: $668M
7% more repeat investments, than reductions
Existing positions increased: 217 | Existing positions reduced: 203
3% less first-time investments, than exits
New positions opened: 106 | Existing positions closed: 109
1% less funds holding
Funds holding: 606 → 597 (-9)
5.63% less ownership
Funds ownership: 92.95% → 87.31% (-5.6%)
21% less capital invested
Capital invested by funds: $18.6B → $14.6B (-$3.96B)
22% less funds holding in top 10
Funds holding in top 10: 27 → 21 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIG
Senator Investment Group
New York
|
+$360M |
| 2 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$345M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$309M |
| 4 |
JP Morgan Chase
New York
|
+$120M |
| 5 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
+$108M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$670M |
| 2 |
EC
Eminence Capital
New York
|
-$224M |
| 3 |
BC
Brahman Capital
New York
|
-$213M |
| 4 |
SCM
Steadfast Capital Management
New York
|
-$205M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$194M |
EXPE Hedge Fund Activity: Q4 2017 in Review
597 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Expedia Group (EXPE) for Q4 2017, worth a combined $14.6B — down 21% from $18.6B a quarter earlier.
Sellers outnumbered buyers: 109 funds closed out of EXPE and 106 opened new positions — a net loss of 3 holders — while 203 trimmed existing stakes and 217 added.
The largest buyer was Senator Investment Group, opening a new position worth an estimated $360M. The largest seller was Lone Pine Capital, exiting entirely with an estimated $670M sold.
- 597 institutional investors held Expedia Group (EXPE) as of Q4 2017, down from 606 in Q3 2017.
- Funds reported $14.6B of Expedia Group stock for Q4 2017, down 21% quarter-over-quarter.
- 106 funds opened new Expedia Group positions in Q4 2017 and 109 closed out, a net change of -3 holders.
- The largest Expedia Group buyer in Q4 2017 was Senator Investment Group, an estimated $360M added.
- The largest Expedia Group seller in Q4 2017 was Lone Pine Capital, an estimated $670M sold.
Based on aggregated 13F filings for Q4 2017.