Travel + Leisure Co
348 hedge funds and large institutions have $1.65B invested in Travel + Leisure Co in 2020 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 101 increasing their positions, 123 reducing their positions, and 112 closing their positions.
198% more call options, than puts
Call options by funds: $37.5M | Put options by funds: $12.6M
1.44% more ownership
Funds ownership: 85.57% → 87.01% (+1.4%)
17% less funds holding
Funds holding: 420 → 348 (-72)
18% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 123
59% less capital invested
Capital invested by funds: $4.01B → $1.65B (-$2.36B)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
62% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 112
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
Senvest Management
New York
|
+$51.7M |
| 2 |
MC
Minot Capital
Broomfield,
Colorado
|
+$51.7M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$28.8M |
| 4 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$16.4M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$13.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$68.9M |
| 2 |
Squarepoint
New York
|
-$27.3M |
| 3 |
ZP
Zimmer Partners
New York
|
-$25M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$17.2M |
| 5 |
First Eagle Investment Management
New York
|
-$15.4M |
TNL Hedge Fund Activity: Q1 2020 in Review
348 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Travel + Leisure Co (TNL) for Q1 2020, worth a combined $1.65B — down 59% from $4.01B a quarter earlier.
Sellers outnumbered buyers: 112 funds closed out of TNL and 43 opened new positions — a net loss of 69 holders — while 123 trimmed existing stakes and 101 added.
The largest buyer was Senvest Management, opening a new position worth an estimated $51.7M. The largest seller was Fidelity Investments, cutting an estimated $68.9M.
- 348 institutional investors held Travel + Leisure Co (TNL) as of Q1 2020, down from 420 in Q4 2019.
- Funds reported $1.65B of Travel + Leisure Co stock for Q1 2020, down 59% quarter-over-quarter.
- 43 funds opened new Travel + Leisure Co positions in Q1 2020 and 112 closed out, a net change of -69 holders.
- The largest Travel + Leisure Co buyer in Q1 2020 was Senvest Management, an estimated $51.7M added.
- The largest Travel + Leisure Co seller in Q1 2020 was Fidelity Investments, an estimated $68.9M sold.
Based on aggregated 13F filings for Q1 2020.