Travel + Leisure Co
443 hedge funds and large institutions have $4.3B invested in Travel + Leisure Co in 2025 Q4 according to their latest regulatory filings, with 74 funds opening new positions, 157 increasing their positions, 145 reducing their positions, and 49 closing their positions.
2,077% more call options, than puts
Call options by funds: $28.1M | Put options by funds: $1.29M
51% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 49
20% more capital invested
Capital invested by funds: $3.58B → $4.3B (+$723M)
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
4% more funds holding
Funds holding: 424 → 443 (+19)
2.16% more ownership
Funds ownership: 92.63% → 94.79% (+2.2%)
8% more repeat investments, than reductions
Existing positions increased: 157 | Existing positions reduced: 145
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Gotham Asset Management
New York
|
+$24.1M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$23.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$21.5M |
| 4 |
Goldman Sachs
New York
|
+$20.6M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
CapitalatWork SA
Auderghem,
|
-$38.5M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$27.9M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$25.7M |
| 4 |
GC
GMT Capital
Atlanta,
Georgia
|
-$22.1M |
| 5 |
SP
Solel Partners
Boston,
Massachusetts
|
-$15.4M |
TNL Hedge Fund Activity: Q4 2025 in Review
443 institutional investors reported a position in Travel + Leisure Co (TNL) for Q4 2025, worth a combined $4.3B — up 20% from $3.58B a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new TNL positions and 49 closed out — a net gain of 25 holders — while 157 added to existing stakes and 145 trimmed.
The largest buyer was Gotham Asset Management, adding an estimated $24.1M. The largest seller was CapitalatWork SA, cutting an estimated $38.5M.
- 443 institutional investors held Travel + Leisure Co (TNL) as of Q4 2025, up from 424 in Q3 2025.
- Funds reported $4.3B of Travel + Leisure Co stock for Q4 2025, up 20% quarter-over-quarter.
- 74 funds opened new Travel + Leisure Co positions in Q4 2025 and 49 closed out, a net change of +25 holders.
- The largest Travel + Leisure Co buyer in Q4 2025 was Gotham Asset Management, an estimated $24.1M added.
- The largest Travel + Leisure Co seller in Q4 2025 was CapitalatWork SA, an estimated $38.5M sold.
Based on aggregated 13F filings for Q4 2025.