TravelCenters of America LLC
TA was delisted on the 12th of May, 2023.
144 hedge funds and large institutions have $436M invested in TravelCenters of America LLC in 2022 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 46 increasing their positions, 47 reducing their positions, and 34 closing their positions.
90% more call options, than puts
Call options by funds: $2.28M | Put options by funds: $1.2M
2% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 47
7.24% less ownership
Funds ownership: 72.83% → 65.59% (-7.2%)
8% less funds holding
Funds holding: 156 → 144 (-12)
25% less capital invested
Capital invested by funds: $584M → $436M (-$147M)
26% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 34
42% less funds holding in top 10
Funds holding in top 10: 12 → 7 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$5.22M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$4.44M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$2.74M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.33M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$11M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$7.01M |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
-$4.52M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$4.42M |
| 5 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$3.41M |
TA Hedge Fund Activity: Q4 2022 in Review
144 of the 6,238 institutional investors tracked by Wall St. Rank reported a position in TravelCenters of America LLC (TA) for Q4 2022, worth a combined $436M — down 25% from $584M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of TA and 25 opened new positions — a net loss of 9 holders — while 47 trimmed existing stakes and 46 added.
The largest buyer was Millennium Management, adding an estimated $5.22M. The largest seller was Portolan Capital Management, cutting an estimated $11M.
- 144 institutional investors held TravelCenters of America LLC (TA) as of Q4 2022, down from 156 in Q3 2022.
- Funds reported $436M of TravelCenters of America LLC stock for Q4 2022, down 25% quarter-over-quarter.
- 25 funds opened new TravelCenters of America LLC positions in Q4 2022 and 34 closed out, a net change of -9 holders.
- The largest TravelCenters of America LLC buyer in Q4 2022 was Millennium Management, an estimated $5.22M added.
- The largest TravelCenters of America LLC seller in Q4 2022 was Portolan Capital Management, an estimated $11M sold.
Based on aggregated 13F filings for Q4 2022.