Travel + Leisure Co
TNL
425 hedge funds and large institutions have $8.78B invested in Travel + Leisure Co in 2013 Q4 according to their latest regulatory filings, with 72 funds opening new positions, 121 increasing their positions, 177 reducing their positions, and 30 closing their positions.
140% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 30
20% more capital invested
Capital invested by funds: $7.31B → $8.78B (+$1.47B)
10% more funds holding
Funds holding: 387 → 425 (+38)
0% more funds holding in top 10
Funds holding in top 10: 12 → 12 (0)
32% less repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 177
47% less call options, than puts
Call options by funds: $44.8M | Put options by funds: $84.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$156M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
+$62.3M |
| 3 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$53.5M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
+$43M |
| 5 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$39.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$153M |
| 2 |
PHS
PFM Health Sciences
San Francisco,
California
|
-$71.1M |
| 3 |
AC
Ascend Capital
Orinda,
California
|
-$56M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$38.3M |
| 5 |
VM
Valinor Management
New York
|
-$38.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
451
Jane Street
New York
| – | -$213K | -7,733 | Closed |
|
452
Teacher Retirement System of Texas
Austin,
Texas
| – | -$135K | -4,917 | Closed |
|
453
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$122K | -4,430 | Closed |
|
|
PAS
454
Partnervest Advisory Services
Santa Barbara,
California
| – | -$25K | -890 | Closed |
|
|
PSUF
455
People's United Financial
Bridgeport,
Connecticut
| – | -$10K | -354 | Closed |
|
|
KCPG
456
Kavar Capital Partners Group
Leawood,
Kansas
| – | +$673 | +22 | New |
|
TNL Hedge Fund Activity: Q4 2013 in Review
425 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Travel + Leisure Co (TNL) for Q4 2013, worth a combined $8.78B — up 20% from $7.31B a quarter earlier.
Buyers outnumbered sellers: 72 funds opened new TNL positions and 30 closed out — a net gain of 42 holders — while 121 added to existing stakes and 177 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $156M. The largest seller was Morgan Stanley, cutting an estimated $153M.
- 425 institutional investors held Travel + Leisure Co (TNL) as of Q4 2013, up from 387 in Q3 2013.
- Funds reported $8.78B of Travel + Leisure Co stock for Q4 2013, up 20% quarter-over-quarter.
- 72 funds opened new Travel + Leisure Co positions in Q4 2013 and 30 closed out, a net change of +42 holders.
- The largest Travel + Leisure Co buyer in Q4 2013 was AllianceBernstein, an estimated $156M added.
- The largest Travel + Leisure Co seller in Q4 2013 was Morgan Stanley, an estimated $153M sold.
Based on aggregated 13F filings for Q4 2013.