Tuniu
TOUR
50 hedge funds and large institutions have $167M invested in Tuniu in 2018 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 16 reducing their positions, and 12 closing their positions.
196% more call options, than puts
Call options by funds: $781K | Put options by funds: $264K
4.04% less ownership
Funds ownership: 4.8% → 0.77% (-4%)
7% less funds holding
Funds holding: 54 → 50 (-4)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
19% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 16
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
83% less capital invested
Capital invested by funds: $994M → $167M (-$827M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCM
Yiheng Capital Management
San Francisco,
California
|
+$2.89M |
| 2 |
HIM
Hermes Investment Management
London Uk,
United Kingdom
|
+$1.65M |
| 3 |
Nordea Investment Management
Stockholm,
Sweden
|
+$730K |
| 4 |
OMC
Oasis Management Company
Grand Cayman,
Cayman Islands
|
+$392K |
| 5 |
Neuberger Berman Group
New York
|
+$381K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$4.37M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$2.46M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.72M |
| 4 |
Renaissance Technologies
New York
|
-$1.65M |
| 5 |
Goldman Sachs
New York
|
-$1.47M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Fidelity Investments
Boston,
Massachusetts
| – | -$2.46M | -32,076 | Closed |
|
|
TI
52
Trexquant Investment
Stamford,
Connecticut
| – | -$373K | -4,860 | Closed |
|
|
DCM
53
Driehaus Capital Management
Chicago,
Illinois
| – | -$303K | -3,950 | Closed |
|
|
VF
54
Virtu Financial
New York
| – | -$224K | -2,916 | Closed |
|
|
EMG
55
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$150K | -1,960 | Closed |
|
|
TCIM
56
TIAA CREF Investment Management
New York
| – | -$136K | -1,770 | Closed |
|
|
OAM
57
Oxford Asset Management
Oxford,
United Kingdom
| – | -$119K | -1,544 | Closed |
|
|
DTL
58
Dynamic Technology Lab
Singapore
| – | -$113K | -1,465 | Closed |
|
59
Bank of New York Mellon
New York
| – | -$89K | -1,155 | Closed |
|
60
Citigroup
New York
| – | -$46K | -604 | Closed |
|
|
TRCT
61
Tower Research Capital (TRC)
New York
| – | -$7K | -91 | Closed |
|
62
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1K | -19 | Closed |
|
TOUR Hedge Fund Activity: Q1 2018 in Review
50 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Tuniu (TOUR) for Q1 2018, worth a combined $167M — down 83% from $994M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of TOUR and 9 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 13 added.
The largest buyer was Yiheng Capital Management, adding an estimated $2.89M. The largest seller was Millennium Management, cutting an estimated $4.37M.
- 50 institutional investors held Tuniu (TOUR) as of Q1 2018, down from 54 in Q4 2017.
- Funds reported $167M of Tuniu stock for Q1 2018, down 83% quarter-over-quarter.
- 9 funds opened new Tuniu positions in Q1 2018 and 12 closed out, a net change of -3 holders.
- The largest Tuniu buyer in Q1 2018 was Yiheng Capital Management, an estimated $2.89M added.
- The largest Tuniu seller in Q1 2018 was Millennium Management, an estimated $4.37M sold.
Based on aggregated 13F filings for Q1 2018.