TravelCenters of America LLC
TA was delisted on the 12th of May, 2023.
161 hedge funds and large institutions have $1.18B invested in TravelCenters of America LLC in 2023 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 27 increasing their positions, 51 reducing their positions, and 48 closing their positions.
169% more capital invested
Capital invested by funds: $436M → $1.18B (+$739M)
86% more funds holding in top 10
Funds holding in top 10: 7 → 13 (+6)
35% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 48
12% more call options, than puts
Call options by funds: $23.6M | Put options by funds: $21.1M
11% more funds holding
Funds holding: 145 → 161 (+16)
47% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$39.5M |
| 2 |
AAM
Alpine Associates Management
Palm Beach,
Florida
|
+$32.3M |
| 3 |
WIC
Water Island Capital
New York
|
+$26.6M |
| 4 |
JP Morgan Chase
New York
|
+$24.7M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$23.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$28.5M |
| 2 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$25.1M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$13.4M |
| 4 |
Millennium Management
New York
|
-$12.8M |
| 5 |
MIIM
Mesirow Institutional Investment Management
Chicago,
Illinois
|
-$12.4M |
TA Hedge Fund Activity: Q1 2023 in Review
161 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in TravelCenters of America LLC (TA) for Q1 2023, worth a combined $1.18B — up 169% from $436M a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new TA positions and 48 closed out — a net gain of 17 holders — while 27 added to existing stakes and 51 trimmed.
The largest buyer was Magnetar Financial, opening a new position worth an estimated $39.5M. The largest seller was Nantahala Capital Management, cutting an estimated $28.5M.
- 161 institutional investors held TravelCenters of America LLC (TA) as of Q1 2023, up from 145 in Q4 2022.
- Funds reported $1.18B of TravelCenters of America LLC stock for Q1 2023, up 169% quarter-over-quarter.
- 65 funds opened new TravelCenters of America LLC positions in Q1 2023 and 48 closed out, a net change of +17 holders.
- The largest TravelCenters of America LLC buyer in Q1 2023 was Magnetar Financial, an estimated $39.5M added.
- The largest TravelCenters of America LLC seller in Q1 2023 was Nantahala Capital Management, an estimated $28.5M sold.
Based on aggregated 13F filings for Q1 2023.