TravelCenters of America LLC
TA was delisted on the 12th of May, 2023.
102 hedge funds and large institutions have $125M invested in TravelCenters of America LLC in 2016 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 35 reducing their positions, and 29 closing their positions.
8% more call options, than puts
Call options by funds: $507K | Put options by funds: $469K
4.7% less ownership
Funds ownership: 52.38% → 47.68% (-4.7%)
14% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 35
17% less funds holding
Funds holding: 123 → 102 (-21)
34% less capital invested
Capital invested by funds: $189M → $125M (-$63.9M)
62% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 29
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$1.69M |
| 2 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$1.31M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$959K |
| 4 |
ARM
Adirondack Research & Management
Guilderland,
New York
|
+$867K |
| 5 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$803K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$8.23M |
| 2 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$3.88M |
| 3 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
-$1.34M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.12M |
| 5 |
Millennium Management
New York
|
-$1.02M |
TA Hedge Fund Activity: Q1 2016 in Review
102 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in TravelCenters of America LLC (TA) for Q1 2016, worth a combined $125M — down 34% from $189M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of TA and 11 opened new positions — a net loss of 18 holders — while 35 trimmed existing stakes and 30 added.
The largest buyer was Royce & Associates, adding an estimated $1.69M. The largest seller was Cramer Rosenthal McGlynn, exiting entirely with an estimated $8.23M sold.
- 102 institutional investors held TravelCenters of America LLC (TA) as of Q1 2016, down from 123 in Q4 2015.
- Funds reported $125M of TravelCenters of America LLC stock for Q1 2016, down 34% quarter-over-quarter.
- 11 funds opened new TravelCenters of America LLC positions in Q1 2016 and 29 closed out, a net change of -18 holders.
- The largest TravelCenters of America LLC buyer in Q1 2016 was Royce & Associates, an estimated $1.69M added.
- The largest TravelCenters of America LLC seller in Q1 2016 was Cramer Rosenthal McGlynn, an estimated $8.23M sold.
Based on aggregated 13F filings for Q1 2016.