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Travel + Leisure Co
TNL

586 hedge funds and large institutions have $10.4B invested in Travel + Leisure Co in 2018 Q1 according to their latest regulatory filings, with 71 funds opening new positions, 183 increasing their positions, 227 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

186% more call options, than puts

Call options by funds: $382M | Put options by funds: $134M

37% more first-time investments, than exits

New positions opened: 71 | Existing positions closed: 52

2% more funds holding

Funds holding: 572 → 586 (+14)

4% less capital invested

Capital invested by funds: $10.8B → $10.4B (-$388M)

19% less repeat investments, than reductions

Existing positions increased: 183 | Existing positions reduced: 227

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

Holders
586
Holders Change
+14
Holders Change %
+2.45%
% of All Funds
13.43%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.11%
New
71
Increased
183
Reduced
227
Closed
52
Calls
$382M
Puts
$134M
Net Calls
+$248M
Net Calls Change
+$72.1M

Top Buyers

1
Millennium Management
Millennium Management
New York
+$180M
2
IAM
Iridian Asset Management
Connecticut
+$85.7M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$75.7M
4
Goldman Sachs
Goldman Sachs
New York
+$64.7M
5
CGM
Capital Growth Management
Massachusetts
+$49.7M

Top Sellers

1
Capital Research Global Investors
Capital Research Global Investors
California
-$313M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$87.4M
3
MCM
Melvin Capital Management
New York
-$77.1M
4
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
-$54.1M
5
LSV Asset Management
LSV Asset Management
Illinois
-$45.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
PC
226
Palo Capital
California
$2.86M +$156K +2,915 +6%
TPCM
227
Three Peaks Capital Management
Colorado
$2.85M +$2.95M +55,220 New
PDN
228
Pensionfund DSM Netherlands
Netherlands
$2.79M -$545K -10,189 -16%
Nisa Investment Advisors
229
Nisa Investment Advisors
Missouri
$2.79M – – –
OPERF
230
Oregon Public Employees Retirement Fund
Oregon
$2.75M +$9.04K +169 +0.3%
Tudor Investment Corp
231
Tudor Investment Corp
Connecticut
$2.63M -$2.03M -37,868 -43%
CCM
232
Condor Capital Management
New Jersey
$2.53M -$114K -2,140 -4%
Zurich Cantonal Bank
233
Zurich Cantonal Bank
Switzerland
$2.5M – – –
RBA
234
Richard Bernstein Advisors
New York
$2.5M – – –
LP
235
LMR Partners
United Kingdom
$2.46M – – –
NAM
236
NorthCoast Asset Management
Connecticut
$2.36M +$2.44M +45,633 New
WA
237
WESPAC Advisors
California
$2.35M +$2.43M +45,529 New
SOADOR
238
State of Alaska Department of Revenue
Alaska
$2.34M +$265K +4,962 +12%
CT
239
Coastline Trust
Rhode Island
$2.33M +$82.4K +1,540 +4%
BPIM
240
Brant Point Investment Management
New York
$2.29M +$2.37M +44,300 New
Public Employees Retirement Association of Colorado
241
Public Employees Retirement Association of Colorado
Colorado
$2.27M -$102K -1,916 -4%
MLICM
242
Metropolitan Life Insurance Company (MetLife)
New York
$2.26M -$12.8K -239 -0.5%
DCM
243
Dupont Capital Management
Delaware
$2.23M -$1.84M -34,328 -44%
TSS
244
Two Sigma Securities
New York
$2.22M +$2.29M +42,889 New
CWM
245
CIBC World Markets
New York
$2.17M -$8.1M -151,546 -78%
HIMCH
246
Hartford Investment Management Co (HIMCO)
Connecticut
$2.16M -$232K -4,339 -9%
MIC
247
Meridian Investment Counsel
California
$2.15M – – –
URS
248
Utah Retirement Systems
Utah
$2.12M – – –
Baird Financial Group
249
Baird Financial Group
Wisconsin
$2.12M -$14.3K -268 -0.7%
FMBTD
250
First Midwest Bank Trust Division
Illinois
$2.09M -$29.8K -558 -1%
8 9
10
11 12

TNL Hedge Fund Activity: Q1 2018 in Review

586 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Travel + Leisure Co (TNL) for Q1 2018, worth a combined $10.4B — down 3.6% from $10.8B a quarter earlier.

Buyers outnumbered sellers: 71 funds opened new TNL positions and 52 closed out — a net gain of 19 holders — while 183 added to existing stakes and 227 trimmed.

The largest buyer was Millennium Management, adding an estimated $180M. The largest seller was Capital Research Global Investors, cutting an estimated $313M.

  • 586 institutional investors held Travel + Leisure Co (TNL) as of Q1 2018, up from 572 in Q4 2017.
  • Funds reported $10.4B of Travel + Leisure Co stock for Q1 2018, down 3.6% quarter-over-quarter.
  • 71 funds opened new Travel + Leisure Co positions in Q1 2018 and 52 closed out, a net change of +19 holders.
  • The largest Travel + Leisure Co buyer in Q1 2018 was Millennium Management, an estimated $180M added.
  • The largest Travel + Leisure Co seller in Q1 2018 was Capital Research Global Investors, an estimated $313M sold.

Based on aggregated 13F filings for Q1 2018.