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TripAdvisor

399 hedge funds and large institutions have $8.35B invested in TripAdvisor in 2016 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 156 increasing their positions, 136 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more repeat investments, than reductions

Existing positions increased: 156 | Existing positions reduced: 136

13% more call options, than puts

Call options by funds: $120M | Put options by funds: $106M

1% less funds holding

Funds holding: 402399 (-3)

2% less first-time investments, than exits

New positions opened: 49 | Existing positions closed: 50

20% less funds holding in top 10

Funds holding in top 10: 108 (-2)

25% less capital invested

Capital invested by funds: $11.1B → $8.35B (-$2.79B)

Holders
399
Holders Change
-3
Holders Change %
-0.75%
% of All Funds
10.63%
Holding in Top 10
8
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-20%
% of All Funds
0.21%
New
49
Increased
156
Reduced
136
Closed
50
Calls
$120M
Puts
$106M
Net Calls
+$13.9M
Net Calls Change
+$8.73M
Name Holding Trade Value Shares
Change
Change in
Stake
Northern Trust
26
Northern Trust
Illinois
$83.7M -$842K -12,715 -1%
GGHC
27
Gilder Gagnon Howe & Co
New York
$83.3M -$19M -286,606 -19%
Mitsubishi UFJ Trust & Banking
28
Mitsubishi UFJ Trust & Banking
Japan
$79.3M +$2.47M +37,377 +3%
Blackstone Inc
29
Blackstone Inc
New York
$77M +$47.6M +718,710 +164%
American Century Companies
30
American Century Companies
Missouri
$65.5M +$7.16M +108,141 +12%
BG
31
BlackRock Group
United Kingdom
$65M -$1.69M -25,540 -3%
Deutsche Bank
32
Deutsche Bank
Germany
$63.8M -$4.81M -72,666 -7%
Norges Bank
33
Norges Bank
Norway
$63.4M -$3.05M -46,133 -5%
JP Morgan Chase
34
JP Morgan Chase
New York
$60.1M -$2.29M -34,648 -4%
Goldman Sachs
35
Goldman Sachs
New York
$52.7M -$308K -4,652 -0.6%
CS
36
Credit Suisse
Switzerland
$51.3M +$2.72M +41,091 +6%
Jennison Associates
37
Jennison Associates
New York
$51.2M -$589K -8,894 -1%
BCPEM
38
Bain Capital Public Equity Management
Massachusetts
$49.6M -$60.3M -911,237 -55%
GC
39
Guggenheim Capital
Illinois
$42.9M -$3.41M -51,477 -7%
D.E. Shaw & Co
40
D.E. Shaw & Co
New York
$41.3M +$9.02M +136,262 +28%
Point72 Asset Management
41
Point72 Asset Management
Connecticut
$34.1M +$33.9M +512,300 New
DGI
42
Disciplined Growth Investors
Minnesota
$31.3M -$885K -13,375 -3%
BlackRock
43
BlackRock
New York
$29.6M +$726K +10,964 +3%
Legal & General Group
44
Legal & General Group
United Kingdom
$29.5M +$2.33M +35,133 +9%
RFC
45
Russell Frank Company
Washington
$29.2M -$226K -3,421 -0.8%
T
46
TOBAM
France
$28.7M +$8.31M +125,552 +41%
Kayne Anderson Rudnick Investment Management
47
Kayne Anderson Rudnick Investment Management
California
$28.2M +$555K +8,376 +2%
TCG
48
Tremblant Capital Group
Florida
$27.3M +$27.2M +410,354 New
Caisse de Depot et Placement du Quebec (CDPQ)
49
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$27.1M +$23.8M +359,678 +749%
TCIM
50
TIAA CREF Investment Management
New York
$24M -$1.86M -28,144 -7%

TRIP Hedge Fund Activity: Q1 2016 in Review

399 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in TripAdvisor (TRIP) for Q1 2016, worth a combined $8.35B — down 25% from $11.1B a quarter earlier.

Sellers outnumbered buyers: 50 funds closed out of TRIP and 49 opened new positions — a net loss of 1 holder — while 136 trimmed existing stakes and 156 added.

The largest buyer was Royal London Asset Management, adding an estimated $107M. The largest seller was Eminence Capital, cutting an estimated $161M.

  • 399 institutional investors held TripAdvisor (TRIP) as of Q1 2016, down from 402 in Q4 2015.
  • Funds reported $8.35B of TripAdvisor stock for Q1 2016, down 25% quarter-over-quarter.
  • 49 funds opened new TripAdvisor positions in Q1 2016 and 50 closed out, a net change of -1 holder.
  • The largest TripAdvisor buyer in Q1 2016 was Royal London Asset Management, an estimated $107M added.
  • The largest TripAdvisor seller in Q1 2016 was Eminence Capital, an estimated $161M sold.

Based on aggregated 13F filings for Q1 2016.