Travel + Leisure Co
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$145M |
| 2 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
+$80.3M |
| 3 |
Ninety One (UK)
London,
United Kingdom
|
+$50.1M |
| 4 |
Neuberger Berman Group
New York
|
+$22.9M |
| 5 |
Squarepoint
New York
|
+$20.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$34.7M |
| 2 |
MCM
Melvin Capital Management
New York
|
-$26.6M |
| 3 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$24.8M |
| 4 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$24.2M |
| 5 |
Two Sigma Investments
New York
|
-$22.2M |
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.