Travelzoo
TZOO
73 hedge funds and large institutions have $66.3M invested in Travelzoo in 2014 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 14 increasing their positions, 31 reducing their positions, and 11 closing their positions.
1% more funds holding
Funds holding: 72 → 73 (+1)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
23% less capital invested
Capital invested by funds: $86.1M → $66.3M (-$19.8M)
31% less call options, than puts
Call options by funds: $865K | Put options by funds: $1.26M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
55% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$1.71M |
| 2 |
KCP
Kenmare Capital Partners
New York
|
+$920K |
| 3 |
MC
Menta Capital
San Francisco,
California
|
+$492K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$437K |
| 5 |
Norges Bank
Oslo,
Norway
|
+$433K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DP
Delta Partners
Boston,
Massachusetts
|
-$2.1M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.76M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.02M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$427K |
| 5 |
MCM
Matarin Capital Management
New York
|
-$389K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Wellington Management Group
Boston,
Massachusetts
| – | -$1.02M | -52,884 | Closed |
|
77
Charles Schwab
San Francisco,
California
| – | -$333K | -17,160 | Closed |
|
78
Goldman Sachs
New York
| – | -$277K | -14,308 | Closed |
|
|
CS
79
Credit Suisse
Zurich,
Switzerland
| – | -$269K | -13,923 | Closed |
|
|
GC
80
Guggenheim Capital
Chicago,
Illinois
| – | -$122K | -6,279 | Closed |
|
81
Group One Trading
Chicago,
Illinois
| – | -$35.5K | -2,051 | Closed |
|
|
VFA
82
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$12K | -630 | Closed |
|
|
BRWA
83
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$9.68K | -500 | Closed |
|
84
Creative Planning
Overland Park,
Kansas
| – | -$5K | -240 | Closed |
|
85
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$4K | -200 | Closed |
|
TZOO Hedge Fund Activity: Q3 2014 in Review
73 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Travelzoo (TZOO) for Q3 2014, worth a combined $66.3M — down 23% from $86.1M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new TZOO positions and 11 closed out — a net gain of 1 holder — while 14 added to existing stakes and 31 trimmed.
The largest buyer was Financial & Investment Management Group, opening a new position worth an estimated $1.71M. The largest seller was Delta Partners, exiting entirely with an estimated $2.1M sold.
- 73 institutional investors held Travelzoo (TZOO) as of Q3 2014, up from 72 in Q2 2014.
- Funds reported $66.3M of Travelzoo stock for Q3 2014, down 23% quarter-over-quarter.
- 12 funds opened new Travelzoo positions in Q3 2014 and 11 closed out, a net change of +1 holder.
- The largest Travelzoo buyer in Q3 2014 was Financial & Investment Management Group, an estimated $1.71M added.
- The largest Travelzoo seller in Q3 2014 was Delta Partners, an estimated $2.1M sold.
Based on aggregated 13F filings for Q3 2014.