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TripAdvisor

363 hedge funds and large institutions have $5.44B invested in TripAdvisor in 2017 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 150 increasing their positions, 106 reducing their positions, and 58 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 106

13% more funds holding in top 10

Funds holding in top 10: 89 (+1)

5% more ownership

Funds ownership: 90.93%95.93% (+5%)

3% less capital invested

Capital invested by funds: $5.6B → $5.44B (-$163M)

5% less funds holding

Funds holding: 381363 (-18)

16% less first-time investments, than exits

New positions opened: 49 | Existing positions closed: 58

48% less call options, than puts

Call options by funds: $88.4M | Put options by funds: $170M

Holders
363
Holders Change
-18
Holders Change %
-4.72%
% of All Funds
9.04%
Holding in Top 10
9
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+12.5%
% of All Funds
0.22%
New
49
Increased
150
Reduced
106
Closed
58
Calls
$88.4M
Puts
$170M
Net Calls
-$81.6M
Net Calls Change
-$63.2M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$460M +$9.95M +209,743 +2%
JSP
2
Jackson Square Partners
California
$458M +$48.5M +1,023,478 +11%
Baillie Gifford & Co
3
Baillie Gifford & Co
United Kingdom
$436M -$110M -2,317,485 -19%
BlackRock
4
BlackRock
New York
$309M +$323M +6,817,010 +1,933%
Brown Advisory
5
Brown Advisory
Maryland
$300M +$15.7M +331,776 +5%
CG
6
Carmignac Gestion
France
$274M +$31.3M +659,867 +12%
State Street
7
State Street
Massachusetts
$206M +$2.04M +42,936 +0.9%
PCM
8
PAR Capital Management
Massachusetts
$205M +$71.1M +1,498,500 +46%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$203M -$2.94M -61,942 -1%
T. Rowe Price Associates
10
T. Rowe Price Associates
Maryland
$131M +$1.68M +35,346 +1%
SIM
11
SRS Investment Management
New York
$126M +$138M +2,915,281 New
EC
12
Eminence Capital
New York
$116M +$56.9M +1,200,247 +80%
Macquarie Group
13
Macquarie Group
Australia
$114M +$10.1M +212,135 +9%
D.E. Shaw & Co
14
D.E. Shaw & Co
New York
$78.9M +$40.2M +847,259 +86%
First Trust Advisors
15
First Trust Advisors
Illinois
$75.5M +$11.2M +235,850 +16%
Goldman Sachs
16
Goldman Sachs
New York
$75M +$43.5M +916,782 +112%
Fidelity Investments
17
Fidelity Investments
Massachusetts
$68.5M -$17.2M -363,115 -19%
Invesco
18
Invesco
Georgia
$65.4M +$5.24M +110,600 +8%
OTPPB
19
Ontario Teachers' Pension Plan Board
Ontario, Canada
$63.7M +$8.83M +186,186 +14%
Two Sigma Advisers
20
Two Sigma Advisers
New York
$62.8M +$58.6M +1,235,100 +564%
IC
21
Immersion Capital
United Kingdom
$60.6M
MCMC
22
Matrix Capital Management Company
New Hampshire
$60.4M +$66.4M +1,400,000 New
HIM
23
Hillhouse Investment Management
Cayman Islands
$60.2M +$66.1M +1,394,066 New
Northern Trust
24
Northern Trust
Illinois
$54.5M +$1.32M +27,878 +2%
TP
25
Thunderbird Partners
United Kingdom
$53.9M -$19.3M -406,021 -25%

TRIP Hedge Fund Activity: Q1 2017 in Review

363 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in TripAdvisor (TRIP) for Q1 2017, worth a combined $5.44B — down 2.9% from $5.6B a quarter earlier.

Sellers outnumbered buyers: 58 funds closed out of TRIP and 49 opened new positions — a net loss of 9 holders — while 106 trimmed existing stakes and 150 added.

The largest buyer was BlackRock, adding an estimated $323M. The largest seller was Highfields Capital Management, exiting entirely with an estimated $119M sold.

  • 363 institutional investors held TripAdvisor (TRIP) as of Q1 2017, down from 381 in Q4 2016.
  • Funds reported $5.44B of TripAdvisor stock for Q1 2017, down 2.9% quarter-over-quarter.
  • 49 funds opened new TripAdvisor positions in Q1 2017 and 58 closed out, a net change of -9 holders.
  • The largest TripAdvisor buyer in Q1 2017 was BlackRock, an estimated $323M added.
  • The largest TripAdvisor seller in Q1 2017 was Highfields Capital Management, an estimated $119M sold.

Based on aggregated 13F filings for Q1 2017.