Tuniu
TOUR
35 hedge funds and large institutions have $206M invested in Tuniu in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 8 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
5% less funds holding
Funds holding: 37 → 35 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
31% less capital invested
Capital invested by funds: $300M → $206M (-$94.4M)
65% less call options, than puts
Call options by funds: $18K | Put options by funds: $52K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCM
Yiheng Capital Management
San Francisco,
California
|
+$9.24M |
| 2 |
JP Morgan Chase
New York
|
+$7.15M |
| 3 |
GAM
Greenwoods Asset Management
Grand Cayman,
Cayman Islands
|
+$5.9M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.06M |
| 5 |
SG Americas Securities
New York
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$9.1M |
| 2 |
Janus Henderson Group
London,
|
-$8.66M |
| 3 |
Millennium Management
New York
|
-$965K |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$508K |
| 5 |
Jane Street
New York
|
-$341K |
TOUR Hedge Fund Activity: Q1 2016 in Review
35 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Tuniu (TOUR) for Q1 2016, worth a combined $206M — down 31% from $300M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of TOUR and 6 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 14 added.
The largest buyer was Yiheng Capital Management, opening a new position worth an estimated $9.24M. The largest seller was Fidelity Investments, cutting an estimated $9.1M.
- 35 institutional investors held Tuniu (TOUR) as of Q1 2016, down from 37 in Q4 2015.
- Funds reported $206M of Tuniu stock for Q1 2016, down 31% quarter-over-quarter.
- 6 funds opened new Tuniu positions in Q1 2016 and 8 closed out, a net change of -2 holders.
- The largest Tuniu buyer in Q1 2016 was Yiheng Capital Management, an estimated $9.24M added.
- The largest Tuniu seller in Q1 2016 was Fidelity Investments, an estimated $9.1M sold.
Based on aggregated 13F filings for Q1 2016.