TripAdvisor
TRIP
421 hedge funds and large institutions have $11.1B invested in TripAdvisor in 2014 Q3 according to their latest regulatory filings, with 68 funds opening new positions, 145 increasing their positions, 148 reducing their positions, and 46 closing their positions.
48% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 46
19% more call options, than puts
Call options by funds: $323M | Put options by funds: $272M
5% more funds holding
Funds holding: 400 → 421 (+21)
2% less repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 148
17% less capital invested
Capital invested by funds: $13.4B → $11.1B (-$2.22B)
35% less funds holding in top 10
Funds holding in top 10: 17 → 11 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$221M |
| 2 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$166M |
| 3 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
+$163M |
| 4 |
JCMLC
JAT Capital Management LP (Connecticut)
Greenwich,
Connecticut
|
+$95.4M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$80.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Steadfast Capital Management
New York
|
-$250M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$137M |
| 3 |
1WCM
12 West Capital Management
New York
|
-$93.1M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$88.6M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$87.5M |
TRIP Hedge Fund Activity: Q3 2014 in Review
421 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in TripAdvisor (TRIP) for Q3 2014, worth a combined $11.1B — down 17% from $13.4B a quarter earlier.
Buyers outnumbered sellers: 68 funds opened new TRIP positions and 46 closed out — a net gain of 22 holders — while 145 added to existing stakes and 148 trimmed.
The largest buyer was Jennison Associates, adding an estimated $221M. The largest seller was Steadfast Capital Management, exiting entirely with an estimated $250M sold.
- 421 institutional investors held TripAdvisor (TRIP) as of Q3 2014, up from 400 in Q2 2014.
- Funds reported $11.1B of TripAdvisor stock for Q3 2014, down 17% quarter-over-quarter.
- 68 funds opened new TripAdvisor positions in Q3 2014 and 46 closed out, a net change of +22 holders.
- The largest TripAdvisor buyer in Q3 2014 was Jennison Associates, an estimated $221M added.
- The largest TripAdvisor seller in Q3 2014 was Steadfast Capital Management, an estimated $250M sold.
Based on aggregated 13F filings for Q3 2014.