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Travel + Leisure Co
TNL

417 hedge funds and large institutions have $3.41B invested in Travel + Leisure Co in 2019 Q1 according to their latest regulatory filings, with 59 funds opening new positions, 115 increasing their positions, 150 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

13% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 52

7% more capital invested

Capital invested by funds: $3.18B → $3.41B (+$225M)

1% more funds holding

Funds holding: 414 → 417 (+3)

2.31% less ownership

Funds ownership: 91.29% → 88.98% (-2.3%)

15% less call options, than puts

Call options by funds: $4.69M | Put options by funds: $5.51M

23% less repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 150

Holders
417
Holders Change
+3
Holders Change %
+0.72%
% of All Funds
9.03%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.06%
New
59
Increased
115
Reduced
150
Closed
52
Calls
$4.69M
Puts
$5.51M
Net Calls
-$817K
Net Calls Change
+$6.83M

Top Buyers

1
RGREA
Ranger Global Real Estate Advisors
Colorado
+$20.6M
2
Geode Capital Management
Geode Capital Management
Massachusetts
+$16.9M
3
BAM
Burgundy Asset Management
Ontario, Canada
+$11.1M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$10.9M
5
Two Sigma Investments
Two Sigma Investments
New York
+$9.97M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$63.1M
2
Bessemer Group
Bessemer Group
New Jersey
-$39.4M
3
IAM
Iridian Asset Management
Connecticut
-$37.3M
4
Skandinaviska Enskilda Banken (SEB)
Skandinaviska Enskilda Banken (SEB)
Sweden
-$33.6M
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$15.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$361M -$11.9M -282,316 -3%
Vanguard Group
2
Vanguard Group
Pennsylvania
$356M +$950K +22,567 +0.3%
IAM
3
Iridian Asset Management
Connecticut
$333M -$37.3M -886,268 -10%
Boston Partners
4
Boston Partners
Massachusetts
$287M +$5.46M +129,620 +2%
Ninety One (UK)
5
Ninety One (UK)
United Kingdom
$168M -$8.4M -199,641 -5%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$134M -$63.1M -1,499,644 -31%
LSV Asset Management
7
LSV Asset Management
Illinois
$113M +$4.11M +97,600 +4%
State Street
8
State Street
Massachusetts
$104M +$284K +6,752 +0.3%
Skandinaviska Enskilda Banken (SEB)
9
Skandinaviska Enskilda Banken (SEB)
Sweden
$72.6M -$33.6M -798,280 -31%
WCM
10
Wedge Capital Management
North Carolina
$71.5M -$11M -260,266 -13%
First Eagle Investment Management
11
First Eagle Investment Management
New York
$68.7M – – –
Bank of New York Mellon
12
Bank of New York Mellon
New York
$64.2M -$15.6M -370,239 -19%
TCG
13
Tremblant Capital Group
Florida
$56.9M +$3.38M +80,174 +6%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$56.6M +$16.9M +401,741 +40%
Norges Bank
15
Norges Bank
Norway
$51M -$2.14M -50,876 -4%
Northern Trust
16
Northern Trust
Illinois
$42.3M -$11.8M -281,048 -21%
Neuberger Berman Group
17
Neuberger Berman Group
New York
$36.4M -$304K -7,211 -0.8%
Dimensional Fund Advisors
18
Dimensional Fund Advisors
Texas
$35.7M +$2.59M +61,443 +7%
Charles Schwab
19
Charles Schwab
California
$34.4M +$1.71M +40,502 +5%
RGREA
20
Ranger Global Real Estate Advisors
Colorado
$34.4M +$20.6M +489,266 +136%
Federated Hermes
21
Federated Hermes
Pennsylvania
$30.9M +$628K +14,908 +2%
Goldman Sachs
22
Goldman Sachs
New York
$26.7M -$2.44M -58,002 -8%
New York State Common Retirement Fund
23
New York State Common Retirement Fund
New York
$26.7M -$1.45M -34,535 -5%
Bank of America
24
Bank of America
North Carolina
$25M +$2.52M +59,931 +11%
Prudential Financial
25
Prudential Financial
New Jersey
$23.4M +$7.86M +186,645 +48%
1
2 3 4 5

TNL Hedge Fund Activity: Q1 2019 in Review

417 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Travel + Leisure Co (TNL) for Q1 2019, worth a combined $3.41B — up 7.1% from $3.18B a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new TNL positions and 52 closed out — a net gain of 7 holders — while 115 added to existing stakes and 150 trimmed.

The largest buyer was Ranger Global Real Estate Advisors, adding an estimated $20.6M. The largest seller was Fidelity Investments, cutting an estimated $63.1M.

  • 417 institutional investors held Travel + Leisure Co (TNL) as of Q1 2019, up from 414 in Q4 2018.
  • Funds reported $3.41B of Travel + Leisure Co stock for Q1 2019, up 7.1% quarter-over-quarter.
  • 59 funds opened new Travel + Leisure Co positions in Q1 2019 and 52 closed out, a net change of +7 holders.
  • The largest Travel + Leisure Co buyer in Q1 2019 was Ranger Global Real Estate Advisors, an estimated $20.6M added.
  • The largest Travel + Leisure Co seller in Q1 2019 was Fidelity Investments, an estimated $63.1M sold.

Based on aggregated 13F filings for Q1 2019.