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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
KRS
376
Kentucky Retirement Systems
Kentucky
$595K -$124K -2,312 -17%
O
377
OppenheimerFunds
New York
$588K -$45.5M -850,221 -99%
IB
378
Intrust Bank
Kansas
$572K +$43.4K +811 +8%
LCM
379
Lee Capital Management
New York
$572K +$592K +11,075 New
GIA
380
Gateway Investment Advisers
Ohio
$568K -$45.9K -859 -7%
FWCM
381
Ferguson Wellman Capital Management
Oregon
$568K -$8.93K -167 -1%
OAM
382
Oppenheimer Asset Management
New York
$568K +$45.1K +844 +8%
DVM
383
Dreman Value Management
Florida
$559K – – –
ECM
384
ETrade Capital Management
Virginia
$557K +$69K +1,290 +14%
HS
385
HighVista Strategies
Massachusetts
$549K +$107K +1,993 +23%
OI
386
Oakbrook Investments
Illinois
$541K +$560K +10,477 New
PHK
387
Point72 Hong Kong
Hong Kong
$536K +$554K +10,366 New
BPCE
388
Bank Pictet & Cie (Europe)
Germany
$534K +$40.6K +760 +8%
WIS
389
Wright Investors Service
Connecticut
$533K -$184K -3,444 -25%
RMAM
390
Raab & Moskowitz Asset Management
New Jersey
$533K -$129K -2,415 -19%
CC
391
Cipher Capital
New York
$525K +$543K +10,154 New
JA
392
JOYN Advisors
Georgia
$519K -$528K -9,874 -50%
CPA
393
Court Place Advisors
Maryland
$508K – – –
Commonwealth Equity Services
394
Commonwealth Equity Services
Massachusetts
$505K +$14.4K +270 +3%
Brown Advisory
395
Brown Advisory
Maryland
$503K -$822K -15,372 -61%
SIC
396
Salem Investment Counselors
North Carolina
$503K -$11.8K -221 -2%
Thrivent Financial for Lutherans
397
Thrivent Financial for Lutherans
Minnesota
$484K -$3.04M -56,828 -86%
MME
398
Meag Munich Ergo
Germany
$472K -$85.6K -1,601 -15%
LMGAM
399
Liberty Mutual Group Asset Management
Massachusetts
$469K – – –
ECM
400
Everence Capital Management
Indiana
$466K – – –
14 15
16
17 18

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.