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Travelzoo
TZOO

69 hedge funds and large institutions have $52.4M invested in Travelzoo in 2014 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 26 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

181% more call options, than puts

Call options by funds: $228K | Put options by funds: $81K

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less funds holding

Funds holding: 73 → 69 (-4)

15% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 13

19% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 26

21% less capital invested

Capital invested by funds: $66.3M → $52.4M (-$13.9M)

Holders
69
Holders Change
-4
Holders Change %
-5.48%
% of All Funds
1.84%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
21
Reduced
26
Closed
13
Calls
$228K
Puts
$81K
Net Calls
+$147K
Net Calls Change
+$539K

Top Buyers

Rank Fund Capital Flow
1
California Public Employees Retirement System
California Public Employees Retirement System
California
+$1.14M
2
MC
Menta Capital
California
+$1.02M
3
OP
Osmium Partners
California
+$910K
4
Millennium Management
Millennium Management
New York
+$499K
5
BFA
BlackRock Fund Advisors
California
+$368K

Top Sellers

Rank Fund Capital Flow
1
FIMG
Financial & Investment Management Group
Michigan
-$1.53M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$1.48M
3
KCP
Kenmare Capital Partners
New York
-$824K
4
Prudential Financial
Prudential Financial
New Jersey
-$548K
5
SCA
Secor Capital Advisors
New York
-$449K
Name Holding Trade Value Shares
Change 		Change in
Stake
Susquehanna International Group
26
Susquehanna International Group
Pennsylvania
$405K +$90.4K +6,859 +27%
PAM
27
Paradigm Asset Management
New York
$348K +$364K +27,600 New
Norges Bank
28
Norges Bank
Norway
$316K – – –
BIM
29
BlackRock Investment Management
Delaware
$276K +$1K +76 +0.3%
Two Sigma Advisers
30
Two Sigma Advisers
New York
$275K -$79.1K -6,000 -22%
MCM
31
Matarin Capital Management
New York
$270K – – –
D.E. Shaw & Co
32
D.E. Shaw & Co
New York
$251K +$262K +19,876 New
Citadel Advisors
33
Citadel Advisors
Florida
$245K -$366K -27,735 -59%
SIM
34
Spark Investment Management
New York
$233K +$98.9K +7,500 +68%
Goldman Sachs
35
Goldman Sachs
New York
$227K +$237K +17,966 New
TC
36
TFS Capital
Pennsylvania
$208K +$77.3K +5,867 +55%
Two Sigma Investments
37
Two Sigma Investments
New York
$195K +$68.7K +5,213 +51%
CS
38
Credit Suisse
Switzerland
$180K +$188K +14,290 New
California State Teachers Retirement System (CalSTRS)
39
California State Teachers Retirement System (CalSTRS)
California
$172K +$765 +58 +0.4%
PPA
40
Parametric Portfolio Associates
Washington
$165K +$119 +9 +0.1%
Nomura Holdings
41
Nomura Holdings
Japan
$158K +$164K +12,475 New
TA
42
Teachers Advisors
New York
$156K – – –
NCCM
43
Nine Chapters Capital Management
New Jersey
$150K +$1.32K +100 +0.8%
State Board of Administration of Florida Retirement System
44
State Board of Administration of Florida Retirement System
Florida
$140K – – –
UBS Group
45
UBS Group
Switzerland
$136K +$142K +10,765 New
Invesco
46
Invesco
Georgia
$122K -$11.2K -846 -8%
SO
47
STRS Ohio
Ohio
$120K -$376K -28,500 -75%
BG
48
BlackRock Group
United Kingdom
$115K -$370K -28,104 -76%
CIA
49
Capital Impact Advisors
Massachusetts
$82K -$25.2K -1,909 -23%
Federated Hermes
50
Federated Hermes
Pennsylvania
$59K – – –
1
2
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TZOO Hedge Fund Activity: Q4 2014 in Review

69 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Travelzoo (TZOO) for Q4 2014, worth a combined $52.4M — down 21% from $66.3M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of TZOO and 11 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 21 added.

The largest buyer was California Public Employees Retirement System, adding an estimated $1.14M. The largest seller was Financial & Investment Management Group, exiting entirely with an estimated $1.53M sold.

  • 69 institutional investors held Travelzoo (TZOO) as of Q4 2014, down from 73 in Q3 2014.
  • Funds reported $52.4M of Travelzoo stock for Q4 2014, down 21% quarter-over-quarter.
  • 11 funds opened new Travelzoo positions in Q4 2014 and 13 closed out, a net change of -2 holders.
  • The largest Travelzoo buyer in Q4 2014 was California Public Employees Retirement System, an estimated $1.14M added.
  • The largest Travelzoo seller in Q4 2014 was Financial & Investment Management Group, an estimated $1.53M sold.

Based on aggregated 13F filings for Q4 2014.