Travel + Leisure Co
TNL
414 hedge funds and large institutions have $3.18B invested in Travel + Leisure Co in 2018 Q4 according to their latest regulatory filings, with 70 funds opening new positions, 104 increasing their positions, 164 reducing their positions, and 74 closing their positions.
5% less first-time investments, than exits
New positions opened: 70 | Existing positions closed: 74
1% less funds holding
Funds holding: 419 → 414 (-5)
3.19% less ownership
Funds ownership: 94.49% → 91.29% (-3.2%)
22% less capital invested
Capital invested by funds: $4.07B → $3.18B (-$890M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
37% less repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 164
55% less call options, than puts
Call options by funds: $6.28M | Put options by funds: $13.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
+$30.3M |
| 2 |
Ninety One (UK)
London,
United Kingdom
|
+$29.3M |
| 3 |
Renaissance Technologies
New York
|
+$18.8M |
| 4 |
TCG
Tremblant Capital Group
West Palm Beach,
Florida
|
+$14.6M |
| 5 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$13.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$83.8M |
| 2 |
GCM
Gates Capital Management
New York
|
-$61.1M |
| 3 |
BC
Bodenholm Capital
Stockholm,
Sweden
|
-$42.7M |
| 4 |
Nordea Investment Management
Stockholm,
Sweden
|
-$36.7M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$25.4M |
TNL Hedge Fund Activity: Q4 2018 in Review
414 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Travel + Leisure Co (TNL) for Q4 2018, worth a combined $3.18B — down 22% from $4.07B a quarter earlier.
Sellers outnumbered buyers: 74 funds closed out of TNL and 70 opened new positions — a net loss of 4 holders — while 164 trimmed existing stakes and 104 added.
The largest buyer was Skandinaviska Enskilda Banken (SEB), adding an estimated $30.3M. The largest seller was Fidelity Investments, cutting an estimated $83.8M.
- 414 institutional investors held Travel + Leisure Co (TNL) as of Q4 2018, down from 419 in Q3 2018.
- Funds reported $3.18B of Travel + Leisure Co stock for Q4 2018, down 22% quarter-over-quarter.
- 70 funds opened new Travel + Leisure Co positions in Q4 2018 and 74 closed out, a net change of -4 holders.
- The largest Travel + Leisure Co buyer in Q4 2018 was Skandinaviska Enskilda Banken (SEB), an estimated $30.3M added.
- The largest Travel + Leisure Co seller in Q4 2018 was Fidelity Investments, an estimated $83.8M sold.
Based on aggregated 13F filings for Q4 2018.