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TripAdvisor
TRIP

314 hedge funds and large institutions have $2.8B invested in TripAdvisor in 2024 Q1 according to their latest regulatory filings, with 71 funds opening new positions, 90 increasing their positions, 115 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

69% more first-time investments, than exits

New positions opened: 71 | Existing positions closed: 42

25% more capital invested

Capital invested by funds: $2.25B → $2.8B (+$552M)

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

9% more funds holding

Funds holding: 289 → 314 (+25)

2.35% less ownership

Funds ownership: 82.88% → 80.53% (-2.4%)

22% less repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 115

47% less call options, than puts

Call options by funds: $177M | Put options by funds: $336M

Holders
314
Holders Change
+25
Holders Change %
+8.65%
% of All Funds
4.52%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.09%
New
71
Increased
90
Reduced
115
Closed
42
Calls
$177M
Puts
$336M
Net Calls
-$159M
Net Calls Change
-$14.6M

Top Buyers

1
Boston Partners
Boston Partners
Massachusetts
+$115M
2
Ameriprise
Ameriprise
Minnesota
+$41.2M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$34M
4
Walleye Capital
Walleye Capital
New York
+$33.3M
5
WP
Woodline Partners
California
+$22.6M

Top Sellers

1
PCM
PAR Capital Management
Massachusetts
-$103M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$58.6M
3
CS
Credit Suisse
Switzerland
-$24.5M
4
MRCP
Maple Rock Capital Partners
Ontario, Canada
-$21.3M
5
RRAM
River Road Asset Management
Kentucky
-$20.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$371M +$1.42M +58,382 +0.4%
Vanguard Group
2
Vanguard Group
Pennsylvania
$358M -$152K -6,247 -0%
Boston Partners
3
Boston Partners
Massachusetts
$132M +$115M +4,747,604 New
Ameriprise
4
Ameriprise
Minnesota
$121M +$41.2M +1,695,626 +64%
Fidelity International
5
Fidelity International
Bermuda
$107M -$12.3M -505,777 -12%
State Street
6
State Street
Massachusetts
$94.5M +$1.5M +61,746 +2%
RRAM
7
River Road Asset Management
Kentucky
$89.2M -$20.5M -843,190 -21%
Dimensional Fund Advisors
8
Dimensional Fund Advisors
Texas
$73.3M -$19.4M -799,741 -23%
TCMI
9
Technology Crossover Management IX
California
$63.4M – – –
VLKIM
10
Van Lanschot Kempen Investment Management
Netherlands
$60.7M +$1.51M +62,202 +3%
Balyasny Asset Management
11
Balyasny Asset Management
Illinois
$60.6M +$34M +1,400,634 +179%
Morgan Stanley
12
Morgan Stanley
New York
$53.2M -$10.1M -416,704 -18%
Arrowstreet Capital
13
Arrowstreet Capital
Massachusetts
$53M +$22.3M +917,653 +93%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$48.5M +$1.65M +68,034 +4%
CM
15
Certares Management
New York
$47.6M – – –
Renaissance Technologies
16
Renaissance Technologies
New York
$43.7M -$5.47M -225,300 -13%
AQR Capital Management
17
AQR Capital Management
Connecticut
$43M -$58.6M -2,413,161 -61%
Fuller & Thaler Asset Management
18
Fuller & Thaler Asset Management
California
$41.4M +$10.1M +415,871 +39%
Walleye Capital
19
Walleye Capital
New York
$39.3M +$33.3M +1,372,344 +3,247%
SIM
20
SRS Investment Management
New York
$36M – – –
Norges Bank
21
Norges Bank
Norway
$35.4M -$467K -19,213 -1%
N
22
Nuveen
North Carolina
$32.1M +$2.17M +89,285 +8%
Charles Schwab
23
Charles Schwab
California
$31.4M +$774K +31,884 +3%
Invesco
24
Invesco
Georgia
$27.5M -$367K -15,130 -2%
USGIU
25
U.S. Global Investors (USGI)
Texas
$27M -$18.5M -763,855 -44%
1
2 3 4 5

TRIP Hedge Fund Activity: Q1 2024 in Review

314 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in TripAdvisor (TRIP) for Q1 2024, worth a combined $2.8B — up 25% from $2.25B a quarter earlier.

Buyers outnumbered sellers: 71 funds opened new TRIP positions and 42 closed out — a net gain of 29 holders — while 90 added to existing stakes and 115 trimmed.

The largest buyer was Boston Partners, opening a new position worth an estimated $115M. The largest seller was PAR Capital Management, cutting an estimated $103M.

  • 314 institutional investors held TripAdvisor (TRIP) as of Q1 2024, up from 289 in Q4 2023.
  • Funds reported $2.8B of TripAdvisor stock for Q1 2024, up 25% quarter-over-quarter.
  • 71 funds opened new TripAdvisor positions in Q1 2024 and 42 closed out, a net change of +29 holders.
  • The largest TripAdvisor buyer in Q1 2024 was Boston Partners, an estimated $115M added.
  • The largest TripAdvisor seller in Q1 2024 was PAR Capital Management, an estimated $103M sold.

Based on aggregated 13F filings for Q1 2024.