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Travel + Leisure Co
TNL

399 hedge funds and large institutions have $2.68B invested in Travel + Leisure Co in 2025 Q1 according to their latest regulatory filings, with 58 funds opening new positions, 136 increasing their positions, 132 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,626% more call options, than puts

Call options by funds: $10.1M | Put options by funds: $587K

29% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 45

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

3.99% more ownership

Funds ownership: 82.85% → 86.84% (+4%)

3% more funds holding

Funds holding: 389 → 399 (+10)

3% more repeat investments, than reductions

Existing positions increased: 136 | Existing positions reduced: 132

6% less capital invested

Capital invested by funds: $2.86B → $2.68B (-$180M)

Holders
399
Holders Change
+10
Holders Change %
+2.57%
% of All Funds
5.35%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.07%
New
58
Increased
136
Reduced
132
Closed
45
Calls
$10.1M
Puts
$587K
Net Calls
+$9.54M
Net Calls Change
+$2.66M

Top Buyers

1
AQR Capital Management
AQR Capital Management
Connecticut
+$21.2M
2
LSV Asset Management
LSV Asset Management
Illinois
+$13.7M
3
Citadel Advisors
Citadel Advisors
Florida
+$12.8M
4
Millennium Management
Millennium Management
New York
+$12.2M
5
RFM
Ranmore Fund Management
United Kingdom
+$11.5M

Top Sellers

1
BlackRock
BlackRock
New York
-$11.1M
2
GC
GMT Capital
Georgia
-$9.75M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$8.88M
4
TI
Trexquant Investment
Connecticut
-$6.91M
5
AG
Algert Global
California
-$6.24M
Name Holding Trade Value Shares
Change 		Change in
Stake
Carson Wealth (CWM LLC)
151
Carson Wealth (CWM LLC)
Nebraska
$1M +$380K +7,240 +50%
Cerity Partners
152
Cerity Partners
New York
$997K +$104K +1,980 +10%
CL
153
CSS LLC
Illinois
$991K +$151K +2,870 +15%
TAF
154
Tredje AP-fonden
Sweden
$972K – – –
Ohio Public Employees Retirement System (OPERS)
155
Ohio Public Employees Retirement System (OPERS)
Ohio
$937K -$123K -2,341 -10%
DFCM
156
Dark Forest Capital Management
Puerto Rico
$918K +$1.04M +19,826 New
ASRS
157
Arizona State Retirement System
Arizona
$908K -$32.7K -624 -3%
LSERS
158
Louisiana State Employees Retirement System
Louisiana
$889K +$10.5K +200 +1%
BC
159
Burney Company
Virginia
$888K +$701K +13,373 +230%
Holocene Advisors
160
Holocene Advisors
New York
$886K -$1.49M -28,469 -60%
US Bancorp
161
US Bancorp
Minnesota
$882K -$244K -4,651 -20%
Mitsubishi UFJ Trust & Banking
162
Mitsubishi UFJ Trust & Banking
Japan
$874K +$14K +267 +1%
Mercer Global Advisors
163
Mercer Global Advisors
Colorado
$817K +$101K +1,925 +12%
EF
164
Empowered Funds
Pennsylvania
$815K -$50.1K -955 -5%
EMPI
165
Elo Mutual Pension Insurance
Finland
$813K +$921K +17,559 New
NAAA
166
New Age Alpha Advisors
New York
$804K -$2M -38,168 -69%
Mariner
167
Mariner
Kansas
$801K +$45.4K +866 +5%
Handelsbanken Fonder
168
Handelsbanken Fonder
Sweden
$801K – – –
Grantham, Mayo, Van Otterloo & Co (GMO)
169
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$776K +$413K +7,876 +89%
NMERB
170
New Mexico Educational Retirement Board
New Mexico
$768K – – –
SOMRS
171
State of Michigan Retirement System
Michigan
$759K +$10.5K +200 +1%
COPPSERS
172
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$757K +$65.3K +1,245 +8%
Zurich Cantonal Bank
173
Zurich Cantonal Bank
Switzerland
$749K -$89.1K -1,698 -9%
CMF
174
Counterpoint Mutual Funds
California
$746K +$845K +16,105 New
BHCM
175
Brevan Howard Capital Management
Jersey
$740K +$839K +15,995 New
5 6
7
8 9

TNL Hedge Fund Activity: Q1 2025 in Review

399 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Travel + Leisure Co (TNL) for Q1 2025, worth a combined $2.68B — down 6.3% from $2.86B a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new TNL positions and 45 closed out — a net gain of 13 holders — while 136 added to existing stakes and 132 trimmed.

The largest buyer was AQR Capital Management, adding an estimated $21.2M. The largest seller was BlackRock, cutting an estimated $11.1M.

  • 399 institutional investors held Travel + Leisure Co (TNL) as of Q1 2025, up from 389 in Q4 2024.
  • Funds reported $2.68B of Travel + Leisure Co stock for Q1 2025, down 6.3% quarter-over-quarter.
  • 58 funds opened new Travel + Leisure Co positions in Q1 2025 and 45 closed out, a net change of +13 holders.
  • The largest Travel + Leisure Co buyer in Q1 2025 was AQR Capital Management, an estimated $21.2M added.
  • The largest Travel + Leisure Co seller in Q1 2025 was BlackRock, an estimated $11.1M sold.

Based on aggregated 13F filings for Q1 2025.