Travel + Leisure Co
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$180M |
| 2 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$85.7M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$75.7M |
| 4 |
Goldman Sachs
New York
|
+$64.7M |
| 5 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$49.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$313M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$87.4M |
| 3 |
MCM
Melvin Capital Management
New York
|
-$77.1M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$54.1M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
-$45.6M |
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.