Travel + Leisure Co
TNL
525 hedge funds and large institutions have $10.1B invested in Travel + Leisure Co in 2017 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 167 increasing their positions, 220 reducing their positions, and 38 closing their positions.
137% more call options, than puts
Call options by funds: $218M | Put options by funds: $92M
37% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 38
2% more funds holding
Funds holding: 517 → 525 (+8)
3% more capital invested
Capital invested by funds: $9.83B → $10.1B (+$255M)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
24% less repeat investments, than reductions
Existing positions increased: 167 | Existing positions reduced: 220
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$70.2M |
| 2 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$63.8M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
+$60.7M |
| 4 |
SGAM
Smith Group Asset Management
Dallas,
Texas
|
+$47.7M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$43.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$146M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$73M |
| 3 |
TCM
TimesSquare Capital Management
New York
|
-$68.7M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$60M |
| 5 |
Bank of New York Mellon
New York
|
-$50.2M |
TNL Hedge Fund Activity: Q3 2017 in Review
525 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Travel + Leisure Co (TNL) for Q3 2017, worth a combined $10.1B — up 2.6% from $9.83B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new TNL positions and 38 closed out — a net gain of 14 holders — while 167 added to existing stakes and 220 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $70.2M. The largest seller was Fidelity Investments, cutting an estimated $146M.
- 525 institutional investors held Travel + Leisure Co (TNL) as of Q3 2017, up from 517 in Q2 2017.
- Funds reported $10.1B of Travel + Leisure Co stock for Q3 2017, up 2.6% quarter-over-quarter.
- 52 funds opened new Travel + Leisure Co positions in Q3 2017 and 38 closed out, a net change of +14 holders.
- The largest Travel + Leisure Co buyer in Q3 2017 was JP Morgan Chase, an estimated $70.2M added.
- The largest Travel + Leisure Co seller in Q3 2017 was Fidelity Investments, an estimated $146M sold.
Based on aggregated 13F filings for Q3 2017.