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Travel + Leisure Co
TNL

410 hedge funds and large institutions have $3.05B invested in Travel + Leisure Co in 2025 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 143 increasing their positions, 148 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

891% more call options, than puts

Call options by funds: $14.7M | Put options by funds: $1.48M

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

29% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 45

14% more capital invested

Capital invested by funds: $2.68B → $3.05B (+$373M)

3% more funds holding

Funds holding: 399 → 410 (+11)

2.18% more ownership

Funds ownership: 86.84% → 89.02% (+2.2%)

3% less repeat investments, than reductions

Existing positions increased: 143 | Existing positions reduced: 148

Holders
410
Holders Change
+11
Holders Change %
+2.76%
% of All Funds
5.4%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.09%
New
58
Increased
143
Reduced
148
Closed
45
Calls
$14.7M
Puts
$1.48M
Net Calls
+$13.2M
Net Calls Change
+$3.66M

Top Buyers

Rank Fund Capital Flow
1
AQR Capital Management
AQR Capital Management
Connecticut
+$40.2M
2
LSV Asset Management
LSV Asset Management
Illinois
+$31M
3
LIP
Landmark Investment Partners
Florida
+$13.8M
4
Goldman Sachs
Goldman Sachs
New York
+$13M
5
QCM
Quantinno Capital Management
New York
+$11.4M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$32.5M
2
BlackRock
BlackRock
New York
-$18.9M
3
Invesco
Invesco
Georgia
-$10.1M
4
AG
Algert Global
California
-$6.55M
5
DB
Danske Bank
Denmark
-$6.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
Mackenzie Financial
126
Mackenzie Financial
Ontario, Canada
$1.82M -$564K -12,014 -25%
RWM
127
Ritholtz Wealth Management
New York
$1.78M +$888K +18,915 +121%
New York State Common Retirement Fund
128
New York State Common Retirement Fund
New York
$1.76M -$188K -4,000 -10%
MOACM
129
Mutual of America Capital Management
New York
$1.7M -$102K -2,176 -6%
RMSCM
130
R.M. Sincerbeaux Capital Management
New York
$1.68M -$4.7K -100 -0.3%
State of Tennessee, Department of Treasury
131
State of Tennessee, Department of Treasury
Tennessee
$1.63M – – –
GAM
132
Gotham Asset Management
New York
$1.61M -$897K -19,106 -38%
AB
133
Amalgamated Bank
New York
$1.58M -$38.8K -826 -3%
Janus Henderson Group
134
Janus Henderson Group
United Kingdom
$1.54M – – –
Treasurer of the State of North Carolina
135
Treasurer of the State of North Carolina
North Carolina
$1.51M -$34K -723 -2%
IG
136
ING Group
Netherlands
$1.51M +$1.38M +29,300 New
SCM
137
Sterling Capital Management
North Carolina
$1.51M -$32.8K -699 -2%
CAU
138
Caxton Associates (UK)
$1.49M – – –
CL
139
CSS LLC
Illinois
$1.42M +$291K +6,200 +29%
KTM
140
Keeler Thomas Management
Utah
$1.42M +$1.29M +27,428 New
NICM
141
Neo Ivy Capital Management
New York
$1.4M +$1.28M +27,160 New
Mariner
142
Mariner
Kansas
$1.39M +$454K +9,660 +56%
TRSOTSOK
143
Teachers Retirement System of the State of Kentucky
Kentucky
$1.37M – – –
CB
144
Commerce Bank
Missouri
$1.37M +$505K +10,748 +68%
SC
145
SummitTX Capital
Texas
$1.36M +$1.23M +26,294 New
STA
146
Summit Trail Advisors
New York
$1.34M +$1.22M +26,023 New
DT
147
Diversified Trust
Tennessee
$1.32M +$3.38K +72 +0.3%
Comerica Bank
148
Comerica Bank
Texas
$1.29M -$39.4K -838 -3%
Teacher Retirement System of Texas
149
Teacher Retirement System of Texas
Texas
$1.29M -$282K -6,007 -19%
KCM
150
Kendall Capital Management
Maryland
$1.27M +$108K +2,300 +10%
4 5
6
7 8

TNL Hedge Fund Activity: Q2 2025 in Review

410 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Travel + Leisure Co (TNL) for Q2 2025, worth a combined $3.05B — up 14% from $2.68B a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new TNL positions and 45 closed out — a net gain of 13 holders — while 143 added to existing stakes and 148 trimmed.

The largest buyer was AQR Capital Management, adding an estimated $40.2M. The largest seller was Citadel Advisors, cutting an estimated $32.5M.

  • 410 institutional investors held Travel + Leisure Co (TNL) as of Q2 2025, up from 399 in Q1 2025.
  • Funds reported $3.05B of Travel + Leisure Co stock for Q2 2025, up 14% quarter-over-quarter.
  • 58 funds opened new Travel + Leisure Co positions in Q2 2025 and 45 closed out, a net change of +13 holders.
  • The largest Travel + Leisure Co buyer in Q2 2025 was AQR Capital Management, an estimated $40.2M added.
  • The largest Travel + Leisure Co seller in Q2 2025 was Citadel Advisors, an estimated $32.5M sold.

Based on aggregated 13F filings for Q2 2025.