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TripAdvisor
TRIP

391 hedge funds and large institutions have $10.9B invested in TripAdvisor in 2014 Q1 according to their latest regulatory filings, with 58 funds opening new positions, 150 increasing their positions, 137 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 38

6% more capital invested

Capital invested by funds: $10.3B → $10.9B (+$629M)

4% more funds holding

Funds holding: 376 → 391 (+15)

9% more repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 137

7% less call options, than puts

Call options by funds: $167M | Put options by funds: $180M

15% less funds holding in top 10

Funds holding in top 10: 13 → 11 (-2)

Holders
391
Holders Change
+15
Holders Change %
+3.99%
% of All Funds
11.29%
Holding in Top 10
11
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-15.38%
% of All Funds
0.32%
New
58
Increased
150
Reduced
137
Closed
38
Calls
$167M
Puts
$180M
Net Calls
-$12.2M
Net Calls Change
-$71.2M

Top Buyers

1
Winslow Capital Management
Winslow Capital Management
Minnesota
+$113M
2
JCAM
Jericho Capital Asset Management
New York
+$86.8M
3
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$85.1M
4
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
+$75.4M
5
SCM
Steadfast Capital Management
New York
+$66.6M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$341M
2
Coatue Management
Coatue Management
New York
-$301M
3
Tiger Global Management
Tiger Global Management
New York
-$123M
4
PCM
Pennant Capital Management
New Jersey
-$116M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$86.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$1.26B -$86.3M -946,858 -6%
Baillie Gifford & Co
2
Baillie Gifford & Co
United Kingdom
$729M -$23M -252,800 -3%
Vanguard Group
3
Vanguard Group
Pennsylvania
$689M +$19.4M +213,172 +3%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$484M -$25M -273,772 -5%
State Street
5
State Street
Massachusetts
$391M -$33.6M -368,695 -8%
Jennison Associates
6
Jennison Associates
New York
$345M +$9.45M +103,609 +3%
BIT
7
BlackRock Institutional Trust
California
$296M +$33.1M +363,114 +12%
Alkeon Capital Management
8
Alkeon Capital Management
New York
$222M +$34.2M +375,000 +18%
Invesco
9
Invesco
Georgia
$220M +$12.3M +134,738 +6%
GGHC
10
Gilder Gagnon Howe & Co
New York
$203M -$5.47M -60,035 -3%
PCM
11
PAR Capital Management
Massachusetts
$189M – – –
Morgan Stanley
12
Morgan Stanley
New York
$154M +$30.2M +331,200 +24%
Artisan Partners
13
Artisan Partners
Wisconsin
$154M +$13.4M +146,943 +9%
Bank of America
14
Bank of America
North Carolina
$143M -$1.94M -21,262 -1%
T. Rowe Price Associates
15
T. Rowe Price Associates
Maryland
$139M -$341M -3,738,576 -71%
Northern Trust
16
Northern Trust
Illinois
$132M -$2.7M -29,603 -2%
American Century Companies
17
American Century Companies
Missouri
$130M +$35.1M +384,976 +37%
BFA
18
BlackRock Fund Advisors
California
$130M +$7.73M +84,828 +6%
OTPPB
19
Ontario Teachers' Pension Plan Board
Ontario, Canada
$125M +$5.1M +55,952 +4%
Winslow Capital Management
20
Winslow Capital Management
Minnesota
$112M +$113M +1,239,733 New
PCM
21
Pennant Capital Management
New Jersey
$112M -$116M -1,269,993 -51%
SI
22
Scout Investments
Missouri
$110M +$8.71M +95,586 +9%
TCIM
23
TIAA CREF Investment Management
New York
$110M +$16.9M +185,013 +18%
Deutsche Bank
24
Deutsche Bank
Germany
$109M -$9.29M -101,957 -8%
JHIU
25
Janus Henderson Investors US
Colorado
$106M -$60.8M -666,400 -36%
1
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TRIP Hedge Fund Activity: Q1 2014 in Review

391 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in TripAdvisor (TRIP) for Q1 2014, worth a combined $10.9B — up 6.1% from $10.3B a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new TRIP positions and 38 closed out — a net gain of 20 holders — while 150 added to existing stakes and 137 trimmed.

The largest buyer was Winslow Capital Management, opening a new position worth an estimated $113M. The largest seller was T. Rowe Price Associates, cutting an estimated $341M.

  • 391 institutional investors held TripAdvisor (TRIP) as of Q1 2014, up from 376 in Q4 2013.
  • Funds reported $10.9B of TripAdvisor stock for Q1 2014, up 6.1% quarter-over-quarter.
  • 58 funds opened new TripAdvisor positions in Q1 2014 and 38 closed out, a net change of +20 holders.
  • The largest TripAdvisor buyer in Q1 2014 was Winslow Capital Management, an estimated $113M added.
  • The largest TripAdvisor seller in Q1 2014 was T. Rowe Price Associates, an estimated $341M sold.

Based on aggregated 13F filings for Q1 2014.