Travelzoo: which funds bought and sold

Institutions that bought and sold Travelzoo shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 28 institutions that filed 13F reports for both quarters added to or opened positions in Travelzoo, and 54 cut or closed them. Together they sold a net 162K shares, −4.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 214K shares (+13.7%); index fund managers were net sellers of 517K shares (−45.4%). 12 opened a new position and 27 sold out entirely.

Bought, Q2 2026 28 institutions, 12 of them new holders Sold, Q2 2026 54 institutions, 27 of them sold out

Net change, all compared −162K shares (−4.3%)

Net change, active managers +214K shares (+13.7%), 10 bought, 7 sold

Buyers versus sellers

institutions compared, 97

28 bought 15 54 sold

Active managers and hedge funds 10 bought · 7 sold · +214K

Index fund managers 0 bought · 9 sold · −517K

Other institutions 18 bought · 38 sold · +141K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Truffle Hound Capital, LLC	+244K New position	244K	$2.9M
Marshall Wace, LLP Hedge fund	+165K New position	165K	$1.9M
Jane Street Group, LLC	+97K New position	97K	$1.1M
Arrowstreet Capital, Limited Partnership Hedge fund	+43K New position	43K	$497,802
Trexquant Investment LP Hedge fund	+31K +185.9%	47K	$548,575
Jacobs Levy Equity Management, Inc Active manager	+27K +52.6%	79K	$923,024
Exchange Traded Concepts, LLC	+25K New position	25K	$290,809
Centiva Capital, LP Hedge fund	+25K New position	25K	$290,225
Morgan Stanley	+22K +32.9%	90K	$1M
Two Sigma Investments, LP Hedge fund	+17K New position	17K	$198,537
Citadel Advisors LLC Hedge fund	+16K New position	16K	$191,961
AQR Capital Management LLC Hedge fund	+15K +12.1%	140K	$1.6M
HRT Financial LP	+12K New position	12K	$143,000
Arax Advisory Partners	+2,893 New position	2,893	$33,790
FMR LLC Active manager	+2,070 +15.3%	16K	$182,562
UBS Group AG	+1,374 +4.9%	29K	$344,268
Cerity Partners LLC	+1,111 +2.4%	48K	$561,423
Lazard Asset Management LLC Active manager	+868 +7.8%	12K	$140,394
Creative Planning	+742 +3.4%	23K	$266,339
Integrated Wealth Concepts LLC	+282 New position	282	$3,294

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Marshall Wace, LLP Hedge fund	+165K New position	165K	$1.9M
Arrowstreet Capital, Limited Partnership Hedge fund	+43K New position	43K	$497,802
Trexquant Investment LP Hedge fund	+31K +185.9%	47K	$548,575
Jacobs Levy Equity Management, Inc Active manager	+27K +52.6%	79K	$923,024
Centiva Capital, LP Hedge fund	+25K New position	25K	$290,225
Two Sigma Investments, LP Hedge fund	+17K New position	17K	$198,537
Citadel Advisors LLC Hedge fund	+16K New position	16K	$191,961
AQR Capital Management LLC Hedge fund	+15K +12.1%	140K	$1.6M
FMR LLC Active manager	+2,070 +15.3%	16K	$182,562
Lazard Asset Management LLC Active manager	+868 +7.8%	12K	$140,394

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	−237K −58.7%	167K	$1.9M
Geode Capital Management, LLC Index funds	−77K −48.5%	82K	$958,502
Strs Ohio	−71K Sold out	0	—
State Street Corp Index funds	−50K −58.6%	35K	$411,942
Northern Trust Corp Index funds	−48K −76.6%	15K	$172,724
Squarepoint Ops LLC Hedge fund	−43K −39.2%	67K	$782,396
Vanguard Capital Management LLC Index funds	−40K −12.5%	282K	$3.3M
Voya Investment Management LLC	−38K Sold out	0	—
Vanguard Portfolio Management LLC Index funds	−37K Sold out	0	—
State Of Tennessee, Department Of Treasury	−34K Sold out	0	—
Man Group PLC Hedge fund	−30K −33.2%	60K	$703,568
Koss-Olinger Consulting, LLC	−26K Sold out	0	—
Renaissance Technologies LLC Hedge fund	−23K −4.1%	541K	$6.3M
Susquehanna International Group, LLP	−19K Sold out	0	—
Charles Schwab Investment Management Inc Index funds	−18K Sold out	0	—
Deutsche Bank Ag\	−17K Sold out	0	—
Xtx Topco Ltd	−13K Sold out	0	—
Bank Of New York Mellon Corp	−11K −17.2%	55K	$644,469
Engineers Gate Manager LP Hedge fund	−11K Sold out	0	—
Panagora Asset Management Inc Active manager	−10K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Squarepoint Ops LLC Hedge fund	−43K −39.2%	67K	$782,396
Man Group PLC Hedge fund	−30K −33.2%	60K	$703,568
Renaissance Technologies LLC Hedge fund	−23K −4.1%	541K	$6.3M
Engineers Gate Manager LP Hedge fund	−11K Sold out	0	—
Panagora Asset Management Inc Active manager	−10K Sold out	0	—
Bridgeway Capital Management, LLC Active manager	−10K −23.7%	32K	$375,430
Federated Hermes, Inc. Active manager	−186 Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Truffle Hound Capital, LLC	244K	$2.9M
Marshall Wace, LLPHedge fund	165K	$1.9M
Jane Street Group, LLC	97K	$1.1M
Arrowstreet Capital, Limited PartnershipHedge fund	43K	$497,802
Exchange Traded Concepts, LLC	25K	$290,809
Centiva Capital, LPHedge fund	25K	$290,225
Two Sigma Investments, LPHedge fund	17K	$198,537
Citadel Advisors LLCHedge fund	16K	$191,961
HRT Financial LP	12K	$143,000
Arax Advisory Partners	2,893	$33,790

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Strs Ohio	71K	$419,136
Voya Investment Management LLC	38K	$223,302
Vanguard Portfolio Management LLCIndex funds	37K	$219,496
State Of Tennessee, Department Of Treasury	34K	$198,504
Koss-Olinger Consulting, LLC	26K	$155,092
Susquehanna International Group, LLP	19K	$112,888
Charles Schwab Investment Management IncIndex funds	18K	$103,849
Deutsche Bank Ag\	17K	$102,292
Xtx Topco Ltd	13K	$79,405
Engineers Gate Manager LPHedge fund	11K	$65,416

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 70
Ten largest holders: 68.9%
Index fund managers: 17.0%
Active managers and hedge funds: 48.6%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	10	7	5	3	+214K	+13.7%
Index fund managers	0	9	0	2	−517K	−45.4%
Other institutions	18	38	7	22	+141K	+12.6%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Travelzoo.

Only managers that filed a holdings report for both quarters are compared (97 here). 2 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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