Travel + Leisure Co
TNL
439 hedge funds and large institutions have $8.43B invested in Travel + Leisure Co in 2014 Q1 according to their latest regulatory filings, with 59 funds opening new positions, 152 increasing their positions, 172 reducing their positions, and 39 closing their positions.
51% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 39
3% more funds holding
Funds holding: 425 → 439 (+14)
4% less capital invested
Capital invested by funds: $8.78B → $8.43B (-$354M)
12% less repeat investments, than reductions
Existing positions increased: 152 | Existing positions reduced: 172
33% less funds holding in top 10
Funds holding in top 10: 12 → 8 (-4)
52% less call options, than puts
Call options by funds: $26.2M | Put options by funds: $54.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$96.6M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$63.7M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
+$59M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$58.6M |
| 5 |
CC
Carlson Capital
Dallas,
Texas
|
+$57.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRC
Blue Ridge Capital
New York
|
-$186M |
| 2 |
PHS
PFM Health Sciences
San Francisco,
California
|
-$136M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$113M |
| 4 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$102M |
| 5 |
AC
Axon Capital
New York
|
-$93.7M |
TNL Hedge Fund Activity: Q1 2014 in Review
439 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Travel + Leisure Co (TNL) for Q1 2014, worth a combined $8.43B — down 4% from $8.78B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new TNL positions and 39 closed out — a net gain of 20 holders — while 152 added to existing stakes and 172 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $96.6M. The largest seller was Blue Ridge Capital, exiting entirely with an estimated $186M sold.
- 439 institutional investors held Travel + Leisure Co (TNL) as of Q1 2014, up from 425 in Q4 2013.
- Funds reported $8.43B of Travel + Leisure Co stock for Q1 2014, down 4% quarter-over-quarter.
- 59 funds opened new Travel + Leisure Co positions in Q1 2014 and 39 closed out, a net change of +20 holders.
- The largest Travel + Leisure Co buyer in Q1 2014 was JP Morgan Chase, an estimated $96.6M added.
- The largest Travel + Leisure Co seller in Q1 2014 was Blue Ridge Capital, an estimated $186M sold.
Based on aggregated 13F filings for Q1 2014.