TripAdvisor
TRIP
401 hedge funds and large institutions have $8.42B invested in TripAdvisor in 2016 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 155 increasing their positions, 138 reducing their positions, and 50 closing their positions.
13% more call options, than puts
Call options by funds: $120M | Put options by funds: $106M
12% more repeat investments, than reductions
Existing positions increased: 155 | Existing positions reduced: 138
1% less funds holding
Funds holding: 404 → 401 (-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: 10 → 8 (-2)
24% less capital invested
Capital invested by funds: $11.2B → $8.42B (-$2.73B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$100M |
| 2 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
+$56.5M |
| 3 |
Blackstone Inc
New York
|
+$47.6M |
| 4 |
SPC
Slate Path Capital
New York
|
+$37.9M |
| 5 |
Morgan Stanley
New York
|
+$37.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
-$161M |
| 2 |
MCMC
Matrix Capital Management Company
Portsmouth,
New Hampshire
|
-$122M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$83.6M |
| 4 |
CCM
Criterion Capital Management
San Francisco,
California
|
-$65.6M |
| 5 |
BCPEM
Bain Capital Public Equity Management
Boston,
Massachusetts
|
-$60.3M |
TRIP Hedge Fund Activity: Q1 2016 in Review
401 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in TripAdvisor (TRIP) for Q1 2016, worth a combined $8.42B — down 24% from $11.2B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of TRIP and 49 opened new positions — a net loss of 1 holder — while 138 trimmed existing stakes and 155 added.
The largest buyer was PAR Capital Management, adding an estimated $100M. The largest seller was Eminence Capital, cutting an estimated $161M.
- 401 institutional investors held TripAdvisor (TRIP) as of Q1 2016, down from 404 in Q4 2015.
- Funds reported $8.42B of TripAdvisor stock for Q1 2016, down 24% 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 PAR Capital Management, an estimated $100M added.
- The largest TripAdvisor seller in Q1 2016 was Eminence Capital, an estimated $161M sold.
Based on aggregated 13F filings for Q1 2016.