TripAdvisor
TRIP
270 hedge funds and large institutions have $2.04B invested in TripAdvisor in 2023 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 88 increasing their positions, 99 reducing their positions, and 36 closing their positions.
10% more capital invested
Capital invested by funds: $1.86B → $2.04B (+$184M)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
6% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 36
1% less funds holding
Funds holding: 273 → 270 (-3)
2.09% less ownership
Funds ownership: 80.76% → 78.67% (-2.1%)
11% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 99
71% less call options, than puts
Call options by funds: $68.4M | Put options by funds: $239M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$63M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$34.3M |
| 3 |
Select Equity Group
New York
|
+$32M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$21.5M |
| 5 |
PCH
Polar Capital Holdings
London,
United Kingdom
|
+$13.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$59.9M |
| 2 |
Man Group
London,
United Kingdom
|
-$40.2M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$34.3M |
| 4 |
CAM
Contour Asset Management
New York
|
-$20.5M |
| 5 |
MRCP
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
-$17M |
TRIP Hedge Fund Activity: Q1 2023 in Review
270 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in TripAdvisor (TRIP) for Q1 2023, worth a combined $2.04B — up 9.9% from $1.86B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of TRIP and 34 opened new positions — a net loss of 2 holders — while 99 trimmed existing stakes and 88 added.
The largest buyer was River Road Asset Management, opening a new position worth an estimated $63M. The largest seller was PAR Capital Management, cutting an estimated $59.9M.
- 270 institutional investors held TripAdvisor (TRIP) as of Q1 2023, down from 273 in Q4 2022.
- Funds reported $2.04B of TripAdvisor stock for Q1 2023, up 9.9% quarter-over-quarter.
- 34 funds opened new TripAdvisor positions in Q1 2023 and 36 closed out, a net change of -2 holders.
- The largest TripAdvisor buyer in Q1 2023 was River Road Asset Management, an estimated $63M added.
- The largest TripAdvisor seller in Q1 2023 was PAR Capital Management, an estimated $59.9M sold.
Based on aggregated 13F filings for Q1 2023.