Travelzoo
TZOO
47 hedge funds and large institutions have $25M invested in Travelzoo in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 25 reducing their positions, and 6 closing their positions.
153,400% more call options, than puts
Call options by funds: $1.53M | Put options by funds: $1K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.5% less ownership
Funds ownership: 24.35% → 22.85% (-1.5%)
2% less funds holding
Funds holding: 48 → 47 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
29% less capital invested
Capital invested by funds: $35M → $25M (-$10M)
64% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$335K |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$273K |
| 3 |
PG
PEAK6 Group
Chicago,
Illinois
|
+$201K |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$182K |
| 5 |
ETM
Euclidean Technologies Management
Seattle,
Washington
|
+$123K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$690K |
| 2 |
OP
Osmium Partners
Greenbrae,
California
|
-$617K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$508K |
| 4 |
D.E. Shaw & Co
New York
|
-$488K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$338K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Goldman Sachs
New York
| – | -$140K | -12,811 | Closed |
|
|
AIM
52
Acrospire Investment Management
Chicago,
Illinois
| – | -$21K | -1,926 | Closed |
|
53
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$9 | +1 | New |
|
TZOO Hedge Fund Activity: Q3 2017 in Review
47 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Travelzoo (TZOO) for Q3 2017, worth a combined $25M — down 29% from $35M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of TZOO and 5 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 9 added.
The largest buyer was Renaissance Technologies, adding an estimated $335K. The largest seller was Millennium Management, cutting an estimated $690K.
- 47 institutional investors held Travelzoo (TZOO) as of Q3 2017, down from 48 in Q2 2017.
- Funds reported $25M of Travelzoo stock for Q3 2017, down 29% quarter-over-quarter.
- 5 funds opened new Travelzoo positions in Q3 2017 and 6 closed out, a net change of -1 holder.
- The largest Travelzoo buyer in Q3 2017 was Renaissance Technologies, an estimated $335K added.
- The largest Travelzoo seller in Q3 2017 was Millennium Management, an estimated $690K sold.
Based on aggregated 13F filings for Q3 2017.