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Travel + Leisure Co
TNL

420 hedge funds and large institutions have $4.07B invested in Travel + Leisure Co in 2018 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 125 increasing their positions, 151 reducing their positions, and 104 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

45% more call options, than puts

Call options by funds: $37.9M | Put options by funds: $26.2M

2.44% more ownership

Funds ownership: 92.05% → 94.49% (+2.4%)

0% more capital invested

Capital invested by funds: $4.06B → $4.07B (+$11.4M)

12% less funds holding

Funds holding: 477 → 420 (-57)

17% less repeat investments, than reductions

Existing positions increased: 125 | Existing positions reduced: 151

50% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 104

Holders
420
Holders Change
-57
Holders Change %
-11.95%
% of All Funds
9.6%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
52
Increased
125
Reduced
151
Closed
104
Calls
$37.9M
Puts
$26.2M
Net Calls
+$11.7M
Net Calls Change
-$10.8M

Top Buyers

Rank Fund Capital Flow
1
IAM
Iridian Asset Management
Connecticut
+$145M
2
Skandinaviska Enskilda Banken (SEB)
Skandinaviska Enskilda Banken (SEB)
Sweden
+$80.3M
3
Ninety One (UK)
Ninety One (UK)
United Kingdom
+$50.1M
4
Neuberger Berman Group
Neuberger Berman Group
New York
+$22.9M
5
Squarepoint
Squarepoint
New York
+$20.1M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$34.7M
2
MCM
Melvin Capital Management
New York
-$26.6M
3
CGM
Capital Growth Management
Massachusetts
-$24.8M
4
GT
Glenmede Trust
Pennsylvania
-$24.2M
5
Two Sigma Investments
Two Sigma Investments
New York
-$22.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
DI
251
Diligent Investors
California
$340K – – –
OC
252
Oppenheimer & Co
New York
$337K +$5.81K +131 +2%
PAM
253
Panagora Asset Management
Massachusetts
$332K -$70.1K -1,580 -17%
KeyBank National Association
254
KeyBank National Association
Ohio
$331K +$3.9K +88 +1%
HCM
255
Highlander Capital Management
New Jersey
$330K – – –
RJT
256
Raymond James Trust
Florida
$324K +$59.2K +1,335 +22%
SFM
257
Systematic Financial Management
New Jersey
$312K – – –
SCM
258
Shelton Capital Management
Colorado
$310K +$317K +7,147 New
Schroder Investment Management Group
259
Schroder Investment Management Group
United Kingdom
$309K +$48K +1,082 +18%
Sumitomo Mitsui Trust Group
260
Sumitomo Mitsui Trust Group
Japan
$308K – – –
PIA
261
Piedmont Investment Advisors
North Carolina
$307K +$314K +7,086 New
WAM
262
Wolverine Asset Management
Illinois
$307K +$315K +7,101 New
VIA
263
Vident Investment Advisory
Georgia
$306K +$313K +7,053 New
WAM
264
World Asset Management
Michigan
$288K +$1.46K +33 +0.5%
AIM
265
Assured Investment Management
New York
$288K +$295K +6,650 New
Creative Planning
266
Creative Planning
Kansas
$286K -$14.7K -332 -5%
AAM
267
Advisors Asset Management
Colorado
$281K -$90.8K -2,047 -24%
AssetMark Inc
268
AssetMark Inc
California
$281K +$13.2K +297 +5%
William Blair & Company
269
William Blair & Company
Illinois
$280K -$887 -20 -0.3%
SAM
270
Shell Asset Management
Netherlands
$279K -$338K -7,614 -54%
LIA
271
LS Investment Advisors
Michigan
$279K -$13.4K -303 -4%
CFB
272
Cullen/Frost Bankers
Texas
$270K – – –
FBFS
273
First Business Financial Services
Wisconsin
$266K – – –
HC
274
Hourglass Capital
Texas
$264K +$270K +6,080 New
KOCAA
275
Knights of Columbus Asset Advisors
Connecticut
$264K +$270K +6,082 New
9 10
11
12 13

TNL Hedge Fund Activity: Q3 2018 in Review

420 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Travel + Leisure Co (TNL) for Q3 2018, worth a combined $4.07B — up 0.28% from $4.06B a quarter earlier.

Sellers outnumbered buyers: 104 funds closed out of TNL and 52 opened new positions — a net loss of 52 holders — while 151 trimmed existing stakes and 125 added.

The largest buyer was Iridian Asset Management, adding an estimated $145M. The largest seller was JP Morgan Chase, cutting an estimated $34.7M.

  • 420 institutional investors held Travel + Leisure Co (TNL) as of Q3 2018, down from 477 in Q2 2018.
  • Funds reported $4.07B of Travel + Leisure Co stock for Q3 2018, up 0.28% quarter-over-quarter.
  • 52 funds opened new Travel + Leisure Co positions in Q3 2018 and 104 closed out, a net change of -52 holders.
  • The largest Travel + Leisure Co buyer in Q3 2018 was Iridian Asset Management, an estimated $145M added.
  • The largest Travel + Leisure Co seller in Q3 2018 was JP Morgan Chase, an estimated $34.7M sold.

Based on aggregated 13F filings for Q3 2018.