Tuniu
TOUR
16 hedge funds and large institutions have $88.6M invested in Tuniu in 2014 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 9 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
6% less funds holding
Funds holding: 17 → 16 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
20% less capital invested
Capital invested by funds: $110M → $88.6M (-$21.5M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
95% less call options, than puts
Call options by funds: $2K | Put options by funds: $38K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCIM
Russell Clark Investment Management
London,
United Kingdom
|
+$11.4M |
| 2 |
GH
GAM Holding
Zurich,
Switzerland
|
+$2.34M |
| 3 |
PHK
Point72 Hong Kong
Hong Kong
|
+$1.79M |
| 4 |
MICM
Matthews International Capital Management
San Francisco,
California
|
+$1.7M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$1.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$13.4M |
| 2 |
Tiger Global Management
New York
|
-$11.8M |
| 3 |
SIM
SRS Investment Management
New York
|
-$5.6M |
| 4 |
HIM
Hillhouse Investment Management
Grand Cayman,
Cayman Islands
|
-$4.41M |
| 5 |
Morgan Stanley
New York
|
-$2.71M |
TOUR Hedge Fund Activity: Q3 2014 in Review
16 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Tuniu (TOUR) for Q3 2014, worth a combined $88.6M — down 20% from $110M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of TOUR and 8 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 4 added.
The largest buyer was Russell Clark Investment Management, opening a new position worth an estimated $11.4M. The largest seller was T. Rowe Price Associates, exiting entirely with an estimated $13.4M sold.
- 16 institutional investors held Tuniu (TOUR) as of Q3 2014, down from 17 in Q2 2014.
- Funds reported $88.6M of Tuniu stock for Q3 2014, down 20% quarter-over-quarter.
- 8 funds opened new Tuniu positions in Q3 2014 and 9 closed out, a net change of -1 holder.
- The largest Tuniu buyer in Q3 2014 was Russell Clark Investment Management, an estimated $11.4M added.
- The largest Tuniu seller in Q3 2014 was T. Rowe Price Associates, an estimated $13.4M sold.
Based on aggregated 13F filings for Q3 2014.