Travel + Leisure Co
TNL
477 hedge funds and large institutions have $8.17B invested in Travel + Leisure Co in 2015 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 176 increasing their positions, 177 reducing their positions, and 42 closing their positions.
228% more call options, than puts
Call options by funds: $121M | Put options by funds: $36.8M
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
0% less funds holding
Funds holding: 479 → 477 (-2)
1% less repeat investments, than reductions
Existing positions increased: 176 | Existing positions reduced: 177
2% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 42
10% less capital invested
Capital invested by funds: $9.12B → $8.17B (-$947M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$270M |
| 2 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$95.3M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$41.3M |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$34.6M |
| 5 |
JP Morgan Chase
New York
|
+$33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
-$85.5M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$75.1M |
| 3 |
TCM
Tetrem Capital Management
Winnipeg,
Manitoba, Canada
|
-$54.3M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$47.7M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$29.8M |
TNL Hedge Fund Activity: Q3 2015 in Review
477 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Travel + Leisure Co (TNL) for Q3 2015, worth a combined $8.17B — down 10% from $9.12B a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of TNL and 41 opened new positions — a net loss of 1 holder — while 177 trimmed existing stakes and 176 added.
The largest buyer was AllianceBernstein, adding an estimated $270M. The largest seller was Virtus Fund Advisers, cutting an estimated $85.5M.
- 477 institutional investors held Travel + Leisure Co (TNL) as of Q3 2015, down from 479 in Q2 2015.
- Funds reported $8.17B of Travel + Leisure Co stock for Q3 2015, down 10% quarter-over-quarter.
- 41 funds opened new Travel + Leisure Co positions in Q3 2015 and 42 closed out, a net change of -1 holder.
- The largest Travel + Leisure Co buyer in Q3 2015 was AllianceBernstein, an estimated $270M added.
- The largest Travel + Leisure Co seller in Q3 2015 was Virtus Fund Advisers, an estimated $85.5M sold.
Based on aggregated 13F filings for Q3 2015.