Travel + Leisure Co
333 hedge funds and large institutions have $2.66B invested in Travel + Leisure Co in 2023 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 88 increasing their positions, 137 reducing their positions, and 40 closing their positions.
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
1% less funds holding
Funds holding: 335 → 333 (-2)
1% less capital invested
Capital invested by funds: $2.69B → $2.66B (-$36.8M)
5% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 40
1.99% less ownership
Funds ownership: 88.3% → 86.32% (-2%)
31% less call options, than puts
Call options by funds: $1.6M | Put options by funds: $2.31M
36% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 137
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Patient Capital Management
Baltimore,
Maryland
|
+$43.6M |
| 2 |
LPC
Long Pond Capital
New York
|
+$24.3M |
| 3 |
SM
Senvest Management
New York
|
+$21.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$21.7M |
| 5 |
TG
TCW Group
Los Angeles,
California
|
+$10.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$52.8M |
| 2 |
MVP
Miller Value Partners
Sarasota,
Florida
|
-$38.8M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$23.3M |
| 4 |
D.E. Shaw & Co
New York
|
-$18.6M |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
-$16.1M |
TNL Hedge Fund Activity: Q2 2023 in Review
333 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Travel + Leisure Co (TNL) for Q2 2023, worth a combined $2.66B — down 1.4% from $2.69B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of TNL and 38 opened new positions — a net loss of 2 holders — while 137 trimmed existing stakes and 88 added.
The largest buyer was Patient Capital Management, adding an estimated $43.6M. The largest seller was BlackRock, cutting an estimated $52.8M.
- 333 institutional investors held Travel + Leisure Co (TNL) as of Q2 2023, down from 335 in Q1 2023.
- Funds reported $2.66B of Travel + Leisure Co stock for Q2 2023, down 1.4% quarter-over-quarter.
- 38 funds opened new Travel + Leisure Co positions in Q2 2023 and 40 closed out, a net change of -2 holders.
- The largest Travel + Leisure Co buyer in Q2 2023 was Patient Capital Management, an estimated $43.6M added.
- The largest Travel + Leisure Co seller in Q2 2023 was BlackRock, an estimated $52.8M sold.
Based on aggregated 13F filings for Q2 2023.