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Travel + Leisure Co
TNL

420 hedge funds and large institutions have $4.07B invested in Travel + Leisure Co in 2018 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 125 increasing their positions, 151 reducing their positions, and 104 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

45% more call options, than puts

Call options by funds: $37.9M | Put options by funds: $26.2M

2.44% more ownership

Funds ownership: 92.05% → 94.49% (+2.4%)

0% more capital invested

Capital invested by funds: $4.06B → $4.07B (+$11.4M)

12% less funds holding

Funds holding: 477 → 420 (-57)

17% less repeat investments, than reductions

Existing positions increased: 125 | Existing positions reduced: 151

50% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 104

Holders
420
Holders Change
-57
Holders Change %
-11.95%
% of All Funds
9.6%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
52
Increased
125
Reduced
151
Closed
104
Calls
$37.9M
Puts
$26.2M
Net Calls
+$11.7M
Net Calls Change
-$10.8M

Top Buyers

Rank Fund Capital Flow
1
IAM
Iridian Asset Management
Connecticut
+$145M
2
Skandinaviska Enskilda Banken (SEB)
Skandinaviska Enskilda Banken (SEB)
Sweden
+$80.3M
3
Ninety One (UK)
Ninety One (UK)
United Kingdom
+$50.1M
4
Neuberger Berman Group
Neuberger Berman Group
New York
+$22.9M
5
Squarepoint
Squarepoint
New York
+$20.1M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$34.7M
2
MCM
Melvin Capital Management
New York
-$26.6M
3
CGM
Capital Growth Management
Massachusetts
-$24.8M
4
GT
Glenmede Trust
Pennsylvania
-$24.2M
5
Two Sigma Investments
Two Sigma Investments
New York
-$22.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
UH
451
Unigestion Holding
Switzerland
– -$1.49M -33,533 Closed
TW
452
Transform Wealth
Colorado
– -$1.27M -28,697 Closed
ECM
453
Element Capital Management
New York
– -$1.25M -28,116 Closed
LWIC
454
Leith Wheeler Investment Counsel
British Columbia, Canada
– -$1.14M -25,685 Closed
PDN
455
Pensionfund DSM Netherlands
Netherlands
– -$1.08M -24,400 Closed
RBA
456
Richard Bernstein Advisors
New York
– -$1.05M -23,633 Closed
CCM
457
Condor Capital Management
New Jersey
– -$974K -22,005 Closed
TI
458
Trexquant Investment
Connecticut
– -$884K -19,965 Closed
PS
459
Pensionfund Sabic
Netherlands
– -$779K -17,600 Closed
SCC
460
Spring Creek Capital
Kansas
– -$757K -17,090 Closed
IWA
461
IBEX Wealth Advisors
New Jersey
– -$1.79M -16,151 Closed
HT
462
HAP Trading
New York
– -$691K -15,575 Closed
FWIA
463
Fort Washington Investment Advisors
Ohio
– -$671K -15,163 Closed
Verition Fund Management
464
Verition Fund Management
Connecticut
– -$662K -14,948 Closed
RMCM
465
Reynders McVeigh Capital Management
Massachusetts
– -$661K -14,920 Closed
TSS
466
Two Sigma Securities
New York
– -$618K -13,945 Closed
WA
467
WESPAC Advisors
California
– -$608K -13,745 Closed
WB
468
WesBanco Bank
West Virginia
– -$514K -11,620 Closed
TF
469
TIAA FSB
Florida
– -$445K -10,058 Closed
B
470
Barings
North Carolina
– -$430K -9,721 Closed
QSS
471
Quantitative Systematic Strategies
Florida
– -$424K -9,574 Closed
SAM
472
Symphony Asset Management
California
– -$1.04M -9,108 Closed
OSAM
473
O'Shaughnessy Asset Management
Connecticut
– -$392K -8,857 Closed
Mirae Asset Global Investments
474
Mirae Asset Global Investments
South Korea
– -$389K -8,764 Closed
Nomura Holdings
475
Nomura Holdings
Japan
– -$379K -8,556 Closed
17 18
19
20 21

TNL Hedge Fund Activity: Q3 2018 in Review

420 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Travel + Leisure Co (TNL) for Q3 2018, worth a combined $4.07B — up 0.28% from $4.06B a quarter earlier.

Sellers outnumbered buyers: 104 funds closed out of TNL and 52 opened new positions — a net loss of 52 holders — while 151 trimmed existing stakes and 125 added.

The largest buyer was Iridian Asset Management, adding an estimated $145M. The largest seller was JP Morgan Chase, cutting an estimated $34.7M.

  • 420 institutional investors held Travel + Leisure Co (TNL) as of Q3 2018, down from 477 in Q2 2018.
  • Funds reported $4.07B of Travel + Leisure Co stock for Q3 2018, up 0.28% quarter-over-quarter.
  • 52 funds opened new Travel + Leisure Co positions in Q3 2018 and 104 closed out, a net change of -52 holders.
  • The largest Travel + Leisure Co buyer in Q3 2018 was Iridian Asset Management, an estimated $145M added.
  • The largest Travel + Leisure Co seller in Q3 2018 was JP Morgan Chase, an estimated $34.7M sold.

Based on aggregated 13F filings for Q3 2018.