TripAdvisor
TRIP
314 hedge funds and large institutions have $2.8B invested in TripAdvisor in 2024 Q1 according to their latest regulatory filings, with 71 funds opening new positions, 90 increasing their positions, 115 reducing their positions, and 42 closing their positions.
69% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 42
25% more capital invested
Capital invested by funds: $2.25B → $2.8B (+$552M)
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
9% more funds holding
Funds holding: 289 → 314 (+25)
2.35% less ownership
Funds ownership: 82.88% → 80.53% (-2.4%)
22% less repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 115
47% less call options, than puts
Call options by funds: $177M | Put options by funds: $336M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
+$115M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$41.2M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$34M |
| 4 |
Walleye Capital
New York
|
+$33.3M |
| 5 |
WP
Woodline Partners
San Francisco,
California
|
+$22.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$103M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$58.6M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$24.5M |
| 4 |
MRCP
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
-$21.3M |
| 5 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$20.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWS
351
Glassman Wealth Services
Vienna,
Virginia
| – | -$603 | -28 | Closed |
|
|
BCMLT
352
Beacon Capital Management LLC (Tennessee)
Franklin,
Tennessee
| – | -$448 | -27 | Closed |
|
|
AF
353
Advisornet Financial
Minnetonka,
Minnesota
| – | -$215 | -10 | Closed |
|
354
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$151 | -7 | Closed |
|
|
WT
355
Washington Trust
Westerly,
Rhode Island
| – | -$43 | -2 | Closed |
|
356
Macquarie Group
Sydney, NSW 2000,
Australia
| – | +$267 | +11 | New |
|
TRIP Hedge Fund Activity: Q1 2024 in Review
314 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in TripAdvisor (TRIP) for Q1 2024, worth a combined $2.8B — up 25% from $2.25B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new TRIP positions and 42 closed out — a net gain of 29 holders — while 90 added to existing stakes and 115 trimmed.
The largest buyer was Boston Partners, opening a new position worth an estimated $115M. The largest seller was PAR Capital Management, cutting an estimated $103M.
- 314 institutional investors held TripAdvisor (TRIP) as of Q1 2024, up from 289 in Q4 2023.
- Funds reported $2.8B of TripAdvisor stock for Q1 2024, up 25% quarter-over-quarter.
- 71 funds opened new TripAdvisor positions in Q1 2024 and 42 closed out, a net change of +29 holders.
- The largest TripAdvisor buyer in Q1 2024 was Boston Partners, an estimated $115M added.
- The largest TripAdvisor seller in Q1 2024 was PAR Capital Management, an estimated $103M sold.
Based on aggregated 13F filings for Q1 2024.