Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Travelzoo (TZOO)

70 + Investors. Track Smart Money conviction in TZOO. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -16
Streak
1Q ▼
Buyers last Q
34%

Smart Money Signals — TZOO

Based on 71 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their TZOO positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 82% of 3.0Y peak

82% of all-time peak
71 funds currently hold this stock — 82% of the 3.0-year high of 87 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
4 fewer hedge funds hold TZOO compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴

Heavy selling pressure — only 34% buying

30 buying57 selling
Last quarter: 57 funds sold vs only 30 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-6 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 22 → 14 → 20 → 14. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

42% of holders stayed for 2+ years

■ 42% conviction (2yr+) ■ 25% medium ■ 32% new
30 out of 71 hedge funds have held TZOO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Price up while funds trimmed (+87% value, -4% shares)

Value
+87%
Shares
-4%
Last quarter: total value of institutional TZOO holdings rose +87% even though funds reduced share count by 4%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️

Steady discovery — ~14 new funds/quarter

26 → 22 → 14 → 20 → 14 new funds/Q
New funds entering each quarter: 22 → 14 → 20 → 14. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 50% veterans vs 40% newcomers

■ 50% veterans ■ 10% 1-2yr ■ 40% new
Entry-cohort mix of 72 holders: 36 (50%) are 2+ year veterans, 7 entered 1–2 years ago, and 29 (40%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
22 of 70 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — TZOO

In 2026 Q2, 30 hedge funds were net buyers of TZOO (14 opened a new position, 16 added to an existing one), while 57 reduced or exited (27 trimmed, 30 sold completely) — a 34% buyer ratio, indicating net institutional distribution. 35% of total institutional value in TZOO is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -16 funds (more exits than new entries). Total institutional holders: 71.

Hedge Fund Ownership: TZOO

How many hedge funds hold TZOO — quarterly history vs. share price
Quarterly hedge fund ownership of TZOO vs. share price

Market Analysis: TZOO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TZOO

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: TZOO
70 + Investors

Track Smart Money conviction in TZOO. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 70 87 -19.54%
13F Shares 4M 4M -4.32%
Total Value $37M $20M 87.04%
New Positions 14 20 -6
Increased Positions 16 27 -11
Closed Positions 30 16 +14
Reduced Positions 27 28 -1
Total Calls 1 0 100%
Total Puts 1 0 100%
PUT/CALL Ratio 1.0 0.0 Neutral

Statistics: TZOO

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Financial Highlights

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Institutional Holders (2026 Q2)

70 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TZOO. Verified SEC 13F-HR filings.

QUARTER:
Top 25 TZOO holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Truffle Hound Capital, LLC 0.61% 244,305 $2.9M
2 Thompson Davis & CO., INC. 0.10% 14,550 $170K
3 Truvestments Capital LLC 0.09% 50,507 $590K
4 Hennion & Walsh Asset Management, Inc. 0.05% 147,896 $1.7M
5 Renaissance Technologies LLC 0.01% 541,101 $6.3M
6 Bridgeway Capital Management, LLC 0.01% 32,143 $375K
7 Evergreen Capital Management LLC 0.01% 29,136 $340K
8 Private Wealth Asset Management, LLC 0.00% 2,950 $34K
9 Jacobs Levy Equity Management, Inc 0.00% 79,026 $923K
10 Trexquant Investment LP 0.00% 46,967 $549K
11 Centiva Capital, LP 0.00% 24,848 $290K
12 Marshall Wace, LLP 0.00% 164,870 $1.9M
13 Exchange Traded Concepts, LLC 0.00% 24,898 $291K
14 Essential Partners LLC 0.00% 218 $3K
15 Man Group plc 0.00% 60,237 $704K
16 Squarepoint Ops LLC 0.00% 66,986 $782K
17 Cerity Partners LLC 0.00% 48,067 $561K
18 Bell Investment Advisors, Inc 0.00% 388 $5K
19 Aqr Capital Management LLC 0.00% 140,338 $1.6M
20 GAMMA Investing LLC 0.00% 954 $11K
21 Marquette Asset Management, LLC 0.00% 197 $2K
22 Hrt Financial LP 0.00% 12,311 $143K
23 Tower Research Capital LLC (TRC) 0.00% 902 $11K
24 Caitong International Asset Management Co., Ltd 0.00% 156 $2K
25 Arax Advisory Partners 0.00% 2,893 $34K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Travelzoo (TZOO)

What does the Smart Money Trend signal show for TZOO?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their TZOO positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for TZOO?

Heavy selling pressure — only 34% buying: Last quarter: 57 funds sold vs only 30 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for TZOO holders?

Strong quality — 35% AUM from major funds: 22 of 70 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held TZOO?

42% of holders stayed for 2+ years: 30 out of 71 hedge funds have held TZOO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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