Travel + Leisure Co
572 hedge funds and large institutions have $10.8B invested in Travel + Leisure Co in 2017 Q4 according to their latest regulatory filings, with 93 funds opening new positions, 175 increasing their positions, 227 reducing their positions, and 42 closing their positions.
240% more call options, than puts
Call options by funds: $250M | Put options by funds: $73.4M
121% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 42
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
9% more funds holding
Funds holding: 525 → 572 (+47)
7% more capital invested
Capital invested by funds: $10.1B → $10.8B (+$676M)
23% less repeat investments, than reductions
Existing positions increased: 175 | Existing positions reduced: 227
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
+$214M |
| 2 |
MCM
Melvin Capital Management
New York
|
+$98.5M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$37M |
| 4 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$23.3M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$20.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$94.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$91.2M |
| 3 |
EM
Elliott Management
New York
|
-$84.3M |
| 4 |
SGAM
Smith Group Asset Management
Dallas,
Texas
|
-$81.1M |
| 5 |
GCM
Glenview Capital Management
New York
|
-$50.4M |
TNL Hedge Fund Activity: Q4 2017 in Review
572 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Travel + Leisure Co (TNL) for Q4 2017, worth a combined $10.8B — up 6.7% from $10.1B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new TNL positions and 42 closed out — a net gain of 51 holders — while 175 added to existing stakes and 227 trimmed.
The largest buyer was Ninety One (UK), opening a new position worth an estimated $214M. The largest seller was Credit Suisse, cutting an estimated $94.9M.
- 572 institutional investors held Travel + Leisure Co (TNL) as of Q4 2017, up from 525 in Q3 2017.
- Funds reported $10.8B of Travel + Leisure Co stock for Q4 2017, up 6.7% quarter-over-quarter.
- 93 funds opened new Travel + Leisure Co positions in Q4 2017 and 42 closed out, a net change of +51 holders.
- The largest Travel + Leisure Co buyer in Q4 2017 was Ninety One (UK), an estimated $214M added.
- The largest Travel + Leisure Co seller in Q4 2017 was Credit Suisse, an estimated $94.9M sold.
Based on aggregated 13F filings for Q4 2017.