TripAdvisor
TRIP
363 hedge funds and large institutions have $5.44B invested in TripAdvisor in 2017 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 150 increasing their positions, 106 reducing their positions, and 58 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 106
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
5% more ownership
Funds ownership: 90.93% → 95.93% (+5%)
3% less capital invested
Capital invested by funds: $5.6B → $5.44B (-$163M)
5% less funds holding
Funds holding: 381 → 363 (-18)
16% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 58
48% less call options, than puts
Call options by funds: $88.4M | Put options by funds: $170M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$323M |
| 2 |
SIM
SRS Investment Management
New York
|
+$138M |
| 3 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$71.1M |
| 4 |
MCMC
Matrix Capital Management Company
Portsmouth,
New Hampshire
|
+$66.4M |
| 5 |
HIM
Hillhouse Investment Management
Grand Cayman,
Cayman Islands
|
+$66.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$119M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$110M |
| 3 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$46.1M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$39.4M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$35.8M |
TRIP Hedge Fund Activity: Q1 2017 in Review
363 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in TripAdvisor (TRIP) for Q1 2017, worth a combined $5.44B — down 2.9% from $5.6B a quarter earlier.
Sellers outnumbered buyers: 58 funds closed out of TRIP and 49 opened new positions — a net loss of 9 holders — while 106 trimmed existing stakes and 150 added.
The largest buyer was BlackRock, adding an estimated $323M. The largest seller was Highfields Capital Management, exiting entirely with an estimated $119M sold.
- 363 institutional investors held TripAdvisor (TRIP) as of Q1 2017, down from 381 in Q4 2016.
- Funds reported $5.44B of TripAdvisor stock for Q1 2017, down 2.9% quarter-over-quarter.
- 49 funds opened new TripAdvisor positions in Q1 2017 and 58 closed out, a net change of -9 holders.
- The largest TripAdvisor buyer in Q1 2017 was BlackRock, an estimated $323M added.
- The largest TripAdvisor seller in Q1 2017 was Highfields Capital Management, an estimated $119M sold.
Based on aggregated 13F filings for Q1 2017.