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Travel + Leisure Co
TNL

473 hedge funds and large institutions have $9.63B invested in Travel + Leisure Co in 2014 Q4 according to their latest regulatory filings, with 66 funds opening new positions, 151 increasing their positions, 178 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more first-time investments, than exits

New positions opened: 66 | Existing positions closed: 40

56% more call options, than puts

Call options by funds: $111M | Put options by funds: $70.9M

6% more capital invested

Capital invested by funds: $9.08B → $9.63B (+$558M)

4% more funds holding

Funds holding: 455 → 473 (+18)

15% less repeat investments, than reductions

Existing positions increased: 151 | Existing positions reduced: 178

25% less funds holding in top 10

Funds holding in top 10: 8 → 6 (-2)

Holders
473
Holders Change
+18
Holders Change %
+3.96%
% of All Funds
12.61%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.16%
New
66
Increased
151
Reduced
178
Closed
40
Calls
$111M
Puts
$70.9M
Net Calls
+$39.8M
Net Calls Change
+$81.3M

Top Buyers

Rank Fund Capital Flow
1
Capital Research Global Investors
Capital Research Global Investors
California
+$174M
2
AllianceBernstein
AllianceBernstein
Tennessee
+$107M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$60.7M
4
Nordea Investment Management
Nordea Investment Management
Sweden
+$57.7M
5
GCM
Glenview Capital Management
New York
+$49.1M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$166M
2
Prudential Financial
Prudential Financial
New Jersey
-$71.8M
3
VM
Valinor Management
New York
-$63.4M
4
TEC
Tiger Eye Capital
Tennessee
-$35.2M
5
TI
Tyrian Investments
New York
-$32.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
RMSCM
226
R.M. Sincerbeaux Capital Management
New York
$2.16M – – –
Citigroup
227
Citigroup
New York
$2.14M +$710K +19,621 +55%
FHC
228
First Houston Capital
Texas
$2.12M +$337K +9,303 +20%
MTIM
229
Marathon Trading Investment Management
Pennsylvania
$1.93M +$1.8M +49,838 New
COPPSERS
230
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.93M -$37.2K -1,027 -2%
OPERF
231
Oregon Public Employees Retirement Fund
Oregon
$1.92M -$29.6K -818 -2%
SFU
232
Stonehage Fleming (UK)
United Kingdom
$1.9M -$264K -7,310 -13%
CCM
233
Contrarian Capital Management
Connecticut
$1.9M +$161K +4,444 +10%
URS
234
Utah Retirement Systems
Utah
$1.89M – – –
FMT
235
First Mercantile Trust
Tennessee
$1.88M -$34.4K -952 -2%
LP
236
LMR Partners
United Kingdom
$1.88M +$1.76M +48,664 New
PC
237
Palo Capital
California
$1.87M +$1.75M +48,298 New
TI
238
Turner Investments
Pennsylvania
$1.86M – – –
AFA
239
Abacus FCF Advisors
Florida
$1.84M +$1.72M +47,556 New
SIM
240
Spark Investment Management
New York
$1.83M +$1.71M +47,180 New
Allianz Asset Management
241
Allianz Asset Management
Germany
$1.8M +$179K +4,937 +12%
BWP
242
Baldwin Wealth Partners
Massachusetts
$1.73M +$1.62M +44,714 New
NB
243
Norinchukin Bank
Japan
$1.72M +$982K +27,149 +156%
GF
244
Gabelli Funds
New York
$1.72M – – –
LCM
245
Leonard Capital Management
Florida
$1.72M – – –
CA
246
Commerzbank Aktiengesellschaft
Germany
$1.71M -$1.65M -45,686 -51%
LS
247
Livforsakringsbolaget Skandia
Sweden
$1.64M – – –
TRSOTSOK
248
Teachers Retirement System of the State of Kentucky
Kentucky
$1.63M -$128K -3,544 -8%
OTPPB
249
Ontario Teachers' Pension Plan Board
Ontario, Canada
$1.6M -$339K -9,371 -18%
OI
250
Oakbrook Investments
Illinois
$1.59M -$116K -3,212 -7%
8 9
10
11 12

TNL Hedge Fund Activity: Q4 2014 in Review

473 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Travel + Leisure Co (TNL) for Q4 2014, worth a combined $9.63B — up 6.2% from $9.08B a quarter earlier.

Buyers outnumbered sellers: 66 funds opened new TNL positions and 40 closed out — a net gain of 26 holders — while 151 added to existing stakes and 178 trimmed.

The largest buyer was Capital Research Global Investors, opening a new position worth an estimated $174M. The largest seller was Wellington Management Group, cutting an estimated $166M.

  • 473 institutional investors held Travel + Leisure Co (TNL) as of Q4 2014, up from 455 in Q3 2014.
  • Funds reported $9.63B of Travel + Leisure Co stock for Q4 2014, up 6.2% quarter-over-quarter.
  • 66 funds opened new Travel + Leisure Co positions in Q4 2014 and 40 closed out, a net change of +26 holders.
  • The largest Travel + Leisure Co buyer in Q4 2014 was Capital Research Global Investors, an estimated $174M added.
  • The largest Travel + Leisure Co seller in Q4 2014 was Wellington Management Group, an estimated $166M sold.

Based on aggregated 13F filings for Q4 2014.