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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
314
Holders Change
+25
Holders Change %
+8.65%
% of All Funds
4.52%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.09%
New
71
Increased
90
Reduced
115
Closed
42
Calls
$177M
Puts
$336M
Net Calls
-$159M
Net Calls Change
-$14.6M

Top Buyers

1
Boston Partners
Boston Partners
Massachusetts
+$115M
2
Ameriprise
Ameriprise
Minnesota
+$41.2M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$34M
4
Walleye Capital
Walleye Capital
New York
+$33.3M
5
WP
Woodline Partners
California
+$22.6M

Top Sellers

1
PCM
PAR Capital Management
Massachusetts
-$103M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$58.6M
3
CS
Credit Suisse
Switzerland
-$24.5M
4
MRCP
Maple Rock Capital Partners
Ontario, Canada
-$21.3M
5
RRAM
River Road Asset Management
Kentucky
-$20.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
TPSF
101
Texas Permanent School Fund
Texas
$2.63M +$30.7K +1,264 +1%
Federated Hermes
102
Federated Hermes
Pennsylvania
$2.52M -$99.4K -4,092 -4%
CF
103
Cantor Fitzgerald
New York
$2.49M +$2.17M +89,533 New
Connor, Clark & Lunn Investment Management (CC&L)
104
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$2.48M +$2.16M +89,122 New
New York State Common Retirement Fund
105
New York State Common Retirement Fund
New York
$2.35M -$243K -9,996 -11%
LSA
106
Leonteq Securities AG
Switzerland
$2.29M -$4.59M -189,220 -70%
State Board of Administration of Florida Retirement System
107
State Board of Administration of Florida Retirement System
Florida
$2.24M +$46.8K +1,928 +2%
JC
108
Jetstream Capital
Tennessee
$2.22M +$1.94M +80,000 New
Tudor Investment Corp
109
Tudor Investment Corp
Connecticut
$2.22M +$1.94M +80,000 New
DB
110
Danske Bank
Denmark
$2.04M +$1.79M +73,519 New
CIBC World Market
111
CIBC World Market
Ontario, Canada
$2M +$1.75M +72,038 New
EGM
112
Engineers Gate Manager
New York
$1.95M +$433K +17,833 +34%
PVM
113
Palogic Value Management
Texas
$1.95M -$2.43M -100,000 -59%
Bank of Montreal
114
Bank of Montreal
Ontario, Canada
$1.9M +$465K +19,165 +40%
Mirae Asset Global Investments
115
Mirae Asset Global Investments
South Korea
$1.89M -$1.02M -41,860 -29%
CSS
116
Cubist Systematic Strategies
Connecticut
$1.88M -$7.57M -311,796 -82%
SA
117
Sicart Associates
New York
$1.87M -$6.07K -250 -0.4%
Marshall Wace
118
Marshall Wace
United Kingdom
$1.85M +$1.61M +66,446 New
SOADOR
119
State of Alaska Department of Revenue
Alaska
$1.83M -$15.8K -651 -1%
Susquehanna International Group
120
Susquehanna International Group
Pennsylvania
$1.74M -$4.08M -168,017 -73%
Mackenzie Financial
121
Mackenzie Financial
Ontario, Canada
$1.73M +$17.3K +711 +1%
IWS
122
Insight Wealth Strategies
California
$1.73M -$316K -13,012 -17%
AFAS
123
Acorn Financial Advisory Services
Virginia
$1.72M -$58.1K -2,391 -4%
IMRF
124
Illinois Municipal Retirement Fund
Illinois
$1.71M -$68.8K -2,832 -4%
State of Tennessee, Department of Treasury
125
State of Tennessee, Department of Treasury
Tennessee
$1.71M +$268K +11,051 +22%
3 4
5
6 7

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.