Travelzoo
TZOO
70 hedge funds and large institutions have $121M invested in Travelzoo in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 24 increasing their positions, 31 reducing their positions, and 16 closing their positions.
10% more capital invested
Capital invested by funds: $110M → $121M (+$11M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
14% less funds holding
Funds holding: 81 → 70 (-11)
23% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 31
69% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 16
72% less call options, than puts
Call options by funds: $1.15M | Put options by funds: $4.08M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIP
Epoch Investment Partners
New York
|
+$13.9M |
| 2 |
OP
Osmium Partners
Greenbrae,
California
|
+$1.5M |
| 3 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$1.35M |
| 4 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
+$1.27M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$695K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
-$2.58M |
| 2 |
BCM
Bares Capital Management
Austin,
Texas
|
-$1.74M |
| 3 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$1.74M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$1.3M |
| 5 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
-$1.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
D.E. Shaw & Co
New York
| – | -$639K | -29,980 | Closed |
|
|
CS
77
Credit Suisse
Zurich,
Switzerland
| – | -$442K | -20,725 | Closed |
|
|
PG
78
PEAK6 Group
Chicago,
Illinois
| – | -$455K | -20,024 | Closed |
|
79
Allianz Asset Management
Munich,
Germany
| – | -$416K | -19,522 | Closed |
|
80
Tudor Investment Corp
Stamford,
Connecticut
| – | -$338K | -15,847 | Closed |
|
|
HCM
81
Highbridge Capital Management
New York
| – | -$285K | -13,355 | Closed |
|
|
WBC
82
Westpac Banking Corp
Sydney,
Australia
| – | -$235K | -11,000 | Closed |
|
|
ARTA
83
A.R.T. Advisors
New York
| – | -$229K | -10,759 | Closed |
|
84
Jane Street
New York
| – | -$229K | -10,720 | Closed |
|
|
TRCT
85
Tower Research Capital (TRC)
New York
| – | -$30K | -1,439 | Closed |
|
86
Wells Fargo
San Francisco,
California
| – | -$17K | -800 | Closed |
|
87
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$9K | -440 | Closed |
|
TZOO Hedge Fund Activity: Q1 2014 in Review
70 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Travelzoo (TZOO) for Q1 2014, worth a combined $121M — up 10% from $110M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of TZOO and 5 opened new positions — a net loss of 11 holders — while 31 trimmed existing stakes and 24 added.
The largest buyer was Epoch Investment Partners, opening a new position worth an estimated $13.9M. The largest seller was Boston Partners, exiting entirely with an estimated $2.58M sold.
- 70 institutional investors held Travelzoo (TZOO) as of Q1 2014, down from 81 in Q4 2013.
- Funds reported $121M of Travelzoo stock for Q1 2014, up 10% quarter-over-quarter.
- 5 funds opened new Travelzoo positions in Q1 2014 and 16 closed out, a net change of -11 holders.
- The largest Travelzoo buyer in Q1 2014 was Epoch Investment Partners, an estimated $13.9M added.
- The largest Travelzoo seller in Q1 2014 was Boston Partners, an estimated $2.58M sold.
Based on aggregated 13F filings for Q1 2014.