Travelzoo
TZOO
81 hedge funds and large institutions have $111M invested in Travelzoo in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 29 reducing their positions, and 18 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 29
1.48% more ownership
Funds ownership: 33.11% → 34.58% (+1.5%)
3% less capital inflows, than outflows
Capital inflows: $18.6M | Capital outflows: $19.1M
8% less funds holding
Funds holding: 88 → 81 (-7)
39% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 18
60% less call options, than puts
Call options by funds: $2M | Put options by funds: $5.01M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osmium Partners
Greenbrae,
California
|
+$4.89M |
| 2 |
BCM
Bares Capital Management
Austin,
Texas
|
+$1.28M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$1.08M |
| 4 |
BlackRock Institutional Trust
San Francisco,
California
|
+$971K |
| 5 |
BlackRock Advisors
Wilmington,
Delaware
|
+$921K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Columbus Circle Investors
|
-$6.03M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$3.82M |
| 3 |
Oxford Asset Management
Oxford,
United Kingdom
|
-$3.38M |
| 4 |
Goldman Sachs
New York
|
-$834K |
| 5 |
Russell Frank Company
Seattle,
Washington
|
-$633K |
TZOO Hedge Fund Activity: Q4 2013 in Review
81 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Travelzoo (TZOO) for Q4 2013, worth a combined $111M — down 18% from $135M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of TZOO and 11 opened new positions — a net loss of 7 holders — while 29 trimmed existing stakes and 33 added.
The largest buyer was Osmium Partners, adding an estimated $4.89M. The largest seller was Columbus Circle Investors, exiting entirely with an estimated $6.03M sold.
- 81 institutional investors held Travelzoo (TZOO) as of Q4 2013, down from 88 in Q3 2013.
- Funds reported $111M of Travelzoo stock for Q4 2013, down 18% quarter-over-quarter.
- 11 funds opened new Travelzoo positions in Q4 2013 and 18 closed out, a net change of -7 holders.
- The largest Travelzoo buyer in Q4 2013 was Osmium Partners, an estimated $4.89M added.
- The largest Travelzoo seller in Q4 2013 was Columbus Circle Investors, an estimated $6.03M sold.
Based on aggregated 13F filings for Q4 2013.