Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Travelzoo (TZOO)

87 + 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
↑ +4
Streak
1Q ▲
Buyers last Q
52%

Smart Money Signals — TZOO

Based on 87 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added TZOO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
87 hedge funds hold TZOO right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +36% more funds vs a year ago

fund count last 6Q
+23 new funds entered over the past year (+36% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 52% buying

48 buying44 selling
Last quarter: 48 funds bought or added vs 44 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new TZOO position: 26 → 22 → 14 → 20. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

41% of holders stayed for 2+ years

■ 41% conviction (2yr+) ■ 25% medium ■ 33% new
36 out of 87 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.
💎

Buying through price weakness — shares -6%, value -32%

Value
-32%
Shares
-5%
Last quarter: funds added -6% more shares while total portfolio value only changed -32%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

12 → 26 → 22 → 14 → 20 new funds/Q
New funds entering each quarter: 26 → 22 → 14 → 20. TZOO is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 52% of holders stayed 2+ years

■ 52% veterans ■ 8% 1-2yr ■ 40% new
Of 87 current holders: 45 (52%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 32% AUM from major funds

32% from top-100 AUM funds
24 of 87 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 Q1, 48 hedge funds were net buyers of TZOO (20 opened a new position, 28 added to an existing one), while 44 reduced or exited (28 trimmed, 16 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 32% of total institutional value in TZOO is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 87.

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.

Is It Too Late to Buy Travelzoo (TZOO) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TZOO has moved relative to its sector benchmark (XLC) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 75d ago
TZOO
+81.2%
XLC
+0.7%

TZOO outperformed XLC by +80.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
TZOO
+15.1%
XLC
-3.8%

Since the filing became public, TZOO outperformed XLC by +18.9% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 0 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
0.0
/ 10
conviction
Hedge Fund Positioning: TZOO
87 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 87 83 4.82%
13F Shares 4M 4M -5.59%
Total Value $20M $29M -32.01%
New Positions 20 14 +6
Increased Positions 27 32 -5
Closed Positions 16 18 -2
Reduced Positions 28 26 +2
Total Calls 0 0 -
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: TZOO

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Institutional Holders (2026 Q1)

87 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Thompson Davis & CO., INC. 0.06% 14,550 $86K
2 Truvestments Capital LLC 0.06% 53,401 $316K
3 Hennion & Walsh Asset Management, Inc. 0.03% 149,779 $887K
4 Koss-Olinger Consulting, LLC 0.01% 26,198 $155K
5 Renaissance Technologies LLC 0.01% 564,101 $3.3M
6 Bridgeway Capital Management, LLC 0.01% 42,143 $249K
7 Evergreen Capital Management LLC 0.00% 30,000 $178K
8 AlphaQuest LLC 0.00% 8,158 $58K
9 Private Wealth Asset Management, LLC 0.00% 2,950 $17K
10 Strs Ohio 0.00% 70,800 $419K
11 XTX Topco Ltd 0.00% 13,413 $79K
12 Jacobs Levy Equity Management, Inc 0.00% 51,782 $307K
13 Man Group plc 0.00% 90,129 $534K
14 Engineers Gate Manager LP 0.00% 11,050 $65K
15 Squarepoint Ops LLC 0.00% 110,239 $653K
16 Trexquant Investment LP 0.00% 16,429 $97K
17 State of Tennessee, Department of Treasury 0.00% 33,531 $199K
18 Essential Partners LLC 0.00% 212 $1K
19 Cerity Partners LLC 0.00% 46,956 $278K
20 Bell Investment Advisors, Inc 0.00% 388 $2K
21 Aqr Capital Management LLC 0.00% 125,207 $741K
22 Two Sigma Advisers, LP 0.00% 24,300 $173K
23 Tower Research Capital LLC (TRC) 0.00% 2,003 $12K
24 GAMMA Investing LLC 0.00% 1,050 $6K
25 Voya Investment Management LLC 0.00% 37,720 $223K
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added TZOO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for TZOO?

Slight buying edge — 52% buying: Last quarter: 48 funds bought or added vs 44 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for TZOO holders?

Strong quality — 32% AUM from major funds: 24 of 87 holders rank in the top 100 by AUM, accounting for 32% 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?

41% of holders stayed for 2+ years: 36 out of 87 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.

Is it too late to buy Travelzoo (TZOO) following the 2026 Q1 hedge fund 13F filings?

As of today, TZOO has moved +15.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.8% for the XLC sector ETF — an outperformance of +18.9%. Since the quarter end (March 31, 2026), TZOO has gained +81.2% vs +0.7% for XLC. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

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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