Vault-13

TRAVELCENTERS OF AMERICA INC TA

COM NEW · Common Stock · CUSIP 89421B109

161 institutional holders +17 vs Q4 2022
13,592,87413.6m shares reported held*
$1.2bnreported value*
63 new 27 added 51 reduced 47 sold out net bought ≈ $287.6m (+3.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($4.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $86.31. Options: 8 managers hold calls ($23.6m notional), 12 hold puts ($21.1m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 154Q4 22: 144Q1 23: 161161Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022154
Q4 2022144
Q1 2023161

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 68 bought or addedQ4 22: 81 cut or sold outQ4 22Q1 23: 90 bought or addedQ1 23: 98 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20226881
Q1 20239098

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30mQ3 22 calls: $17.9mQ3 22 puts: $5.4mQ3 22P/C 0.30Q4 22 calls: $2.3mQ4 22 puts: $1.2mQ4 22P/C 0.53Q1 23 calls: $23.6mQ1 23 puts: $21.1mQ1 23P/C 0.89
Numbers
QuarterCallsPutsP/C
Q3 2022$17.9m$5.4m0.30
Q4 2022$2.3m$1.2m0.53
Q1 2023$23.6m$21.1m0.89

Biggest buyers

Magnetar Financial LLC New +601,876+601.9k
ALPINE ASSOCIATES MANAGEMENT INC. New +492,210+492.2k
WATER ISLAND CAPITAL LLC New +404,753+404.8k
JPMORGAN CHASE & CO Added +375,804+375.8k
AQR Arbitrage LLC New +364,237+364.2k
Balyasny Asset Management L.P. New +358,601+358.6k
New York Life Investment Management LLC New +324,607+324.6k
GABELLI FUNDS LLC Added +297,495+297.5k
First Trust Capital Management L.P. New +282,557+282.6k
TIG Advisors, LLC New +246,635+246.6k

Biggest sellers

Nantahala Capital Management, LLC Reduced -433,184-433.2k
Portolan Capital Management, LLC Reduced -382,653-382.7k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Sold out -300,000-300.0k
MILLENNIUM MANAGEMENT LLC Reduced -195,188-195.2k
Mesirow Institutional Investment Management, Inc. Reduced -188,224-188.2k
Assenagon Asset Management S.A. Sold out -149,773-149.8k
Amitell Capital Pte Ltd Sold out -148,254-148.3k
Potomac Capital Management, Inc. Reduced -145,211-145.2k
ACADIAN ASSET MANAGEMENT LLC Sold out -132,781-132.8k
MARSHALL WACE, LLP Sold out -95,166-95.2k

Biggest calls

UBS Group AG New $7.9m91.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.7m88.5k shares
GROUP ONE TRADING LLC New $2.8m32.8k shares
Calamos Advisors LLC New $2.3m50.9k shares
CITADEL ADVISORS LLC Reduced $1.4m16.6k shares
CSS LLC/IL New $899.6k10.4k shares
SIMPLEX TRADING, LLC New $596.0k6.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.9m91.2k shares
AMH Equity Ltd New $5.5m63.3k shares
EQUITEC PROPRIETARY MARKETS, LLC New $4.5m51.7k shares
GROUP ONE TRADING LLC Added $882.3k10.2k shares
Maven Securities LTD New $683.4k7.9k shares
SIMPLEX TRADING, LLC New $622.0k7.2k shares
CITADEL ADVISORS LLC Reduced $596.9k6.9k shares
HARVEST MANAGEMENT LLC New $432.5k5.0k shares
Schonfeld Strategic Advisors LLC New $11.6k57.8k shares
PICTON MAHONEY ASSET MANAGEMENT New $1.0k28.2k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.00% of their portfolio New York, NY 909,977910.0k $78.7m $78.7m 0.00% Reduced -25.3k -25,255
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 646,223646.2k $55.9m $55.9m 0.00% Reduced -16.6k -16,618
3 Magnetar Financial LLC 1.02% of their portfolio EVANSTON, IL 601,876601.9k $52.1m $52.1m 1.02% New
4 Nantahala Capital Management, LLC 4.96% of their portfolio NEW CANAAN, CT 598,210598.2k $51.7m $51.7m 4.96% Reduced -433.2k -433,184
5 AWM Investment Company, Inc. 6.86% of their portfolio NEW YORK, NY 586,047586.0k $50.7m $50.7m 6.86% Reduced -69.3k -69,260
6 ALPINE ASSOCIATES MANAGEMENT INC. 2.27% of their portfolio PALM BEACH, FL 492,210492.2k $42.6m $42.6m 2.27% New
7 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 476,129476.1k $41.2m $41.2m 0.01% Added +12.7k +12,713
8 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 472,353472.4k $40.9m $40.9m 0.01% Reduced -48.2k -48,244
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 404,920404.9k $35.0m $35.0m 0.00% Added +375.8k +375,804
10 WATER ISLAND CAPITAL LLC 2.84% of their portfolio NEW YORK, NY 404,753404.8k $35.0m $35.0m 2.84% New
11 AQR Arbitrage LLC 0.97% of their portfolio Greenwich, CT 364,237364.2k $31.5m $31.5m 0.97% New
12 Balyasny Asset Management L.P. 0.10% of their portfolio Chicago, IL 358,601358.6k $31.0m $31.0m 0.10% New
13 GABELLI FUNDS LLC 0.22% of their portfolio Rye, NY 342,895342.9k $29.7m $29.7m 0.22% Added +297.5k +297,495
14 New York Life Investment Management LLC 0.31% of their portfolio New York, NY 324,607324.6k $28.1m $28.1m 0.31% New
15 First Trust Capital Management L.P. 1.05% of their portfolio CHICAGO, IL 282,557282.6k $24.4m $24.4m 1.05% New
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 281,293281.3k $24.3m $24.3m 0.00% Reduced -11.8k -11,784
17 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.57% of their portfolio HOUSTON, TX 248,371248.4k $21.5m $21.5m 0.57% Reduced -23.1k -23,140
18 TIG Advisors, LLC 1.66% of their portfolio New York, NY 246,635246.6k $21.3m $21.3m 1.66% New
19 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 245,833245.8k $21.3m $21.3m 0.00% Added +6.1k +6,122
20 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 238,600238.6k $20.6m $20.6m 0.01% Added +230.3k +230,300
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 211,912211.9k $18.3m $18.3m 0.00% Reduced -50.7k -50,740
22 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 207,774207.8k $18.0m $18.0m 0.01% Reduced -17.1k -17,110
23 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 188,210188.2k $16.2m $16.2m 0.01% Added +19.4k +19,440
24 BARDIN HILL MANAGEMENT PARTNERS LP 4.01% of their portfolio NEW YORK, NY 186,894186.9k $16.2m $16.2m 4.01% New
25 GABELLI & Co INVESTMENT ADVISERS, INC. 3.10% of their portfolio Rye, NY 186,500186.5k $16.1m $16.1m 3.10% New
26 Woodline Partners LP 0.22% of their portfolio San Francisco, CA 179,851179.9k $15.6m $15.6m 0.22% New
27 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 176,484176.5k $15.3m $15.3m 0.02% New
28 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 153,928153.9k $13.3m $13.3m 0.01% New
29 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 147,480147.5k $12.8m $12.8m 0.02% Reduced -34.3k -34,300
30 Quinn Opportunity Partners LLC 1.31% of their portfolio CHARLOTTESVILLE, VA 141,865141.9k $12.3m $12.3m 1.31% New
31 NORGES BANK 0.00% of their portfolio OSLO, Q8 134,000134.0k $11.6m $11.6m 0.00% Reduced -11.0k -11,000
32 Qube Research & Technologies Ltd 0.07% of their portfolio LONDON, X0 133,876133.9k $11.6m $11.6m 0.07% New
33 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 121,916121.9k $10.5m $10.5m 0.01% Added +104.9k +104,917
34 BCK CAPITAL MANAGEMENT LP 8.40% of their portfolio STAMFORD, CT 111,650111.7k $9.7m $9.7m 8.40% New
35 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 110,015110.0k $9.5m $9.5m 0.00% Reduced -379 -379
36 Boston Partners 0.01% of their portfolio BOSTON, MA 109,731109.7k $9.5m $9.5m 0.01% Added +23.0k +22,986
37 Versor Investments LP 1.21% of their portfolio New York, NY 106,943106.9k $9.3m $9.3m 1.21% New
38 Saltoro Capital, LP 23.76% of their portfolio DALLAS, TX 94,13494.1k $8.1m $8.1m 23.76% Added +24.2k +24,235
39 Crabel Capital Management, LLC 3.41% of their portfolio MILWAUKEE, WI 88,92688.9k $7.7m $7.7m 3.41% New
40 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 88,86888.9k $7.7m $7.7m 0.00% Added +66.6k +66,553
41 Bernzott Capital Advisors 1.57% of their portfolio Camarillo, CA 87,67987.7k $7.6m $7.6m 1.57% New
42 GAMCO INVESTORS, INC. ET AL 0.08% of their portfolio GREENWICH, CT 87,16587.2k $7.5m $7.5m 0.08% Added +50.4k +50,385
43 PRELUDE CAPITAL MANAGEMENT, LLC 0.50% of their portfolio NEW YORK, NY 84,90384.9k $7.3m $7.3m 0.50% New
44 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 84,17384.2k $7.3m $7.3m 0.01% Added +69.6k +69,586
45 Hudson Bay Capital Management LP 0.04% of their portfolio STAMFORD, CT 80,80980.8k $7.0m $7.0m 0.04% New
46 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 79,24979.2k $6.9m $6.9m 0.01% Reduced -73.1k -73,068
47 Trium Capital LLP 2.84% of their portfolio LONDON, X0 77,71577.7k $6.7m $6.7m 2.84% New
48 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 76,40576.4k $6.6m $6.6m 0.01% Reduced -75.7k -75,660
49 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.02% of their portfolio Los Angeles, CA 71,90071.9k $6.2m $6.2m 0.02% Reduced -59.6k -59,610
50 CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio TORONTO ONTARIO, A6 66,30066.3k $5.7m $5.7m 0.01% New
51 AMH Equity Ltd 7.54% of their portfolio Great Neck, NY 64,00064.0k $5.5m $5.5m 7.54% Reduced -36.0k -36,000
52 JCP Investment Management, LLC 3.87% of their portfolio HOUSTON, TX 63,45063.5k $5.5m $5.5m 3.87% New
53 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 50,62350.6k $4.4m $4.4m 0.00% Reduced -11.8k -11,786
54 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 49,93849.9k $4.3m $4.3m 0.00% Added +34.0k +33,968
55 Kellner Capital, LLC 5.81% of their portfolio NEW YORK, NY 48,22048.2k $4.2m $4.2m 5.81% New
56 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 45,76245.8k $4.0m $4.0m 0.02% Added +44.9k +44,900
57 EHP Funds Inc. 0.85% of their portfolio TORONTO, Z4 45,00045.0k $3.9m $3.9m 0.85% New
58 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 44,52744.5k $3.9m $3.9m 0.00% Added +24.5k +24,457
59 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 43,78643.8k $3.8m $3.8m 0.00% Reduced -7.1k -7,130
60 Centiva Capital, LP 0.19% of their portfolio New York, NY 40,00040.0k $3.5m $3.5m 0.19% New
61 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 38,46538.5k $3.3m $3.3m 0.00% Reduced -195.2k -195,188
62 Beryl Capital Management LLC 2.75% of their portfolio REDONDO BEACH, CA 38,07038.1k $3.3m $3.3m 2.75% New
63 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 37,55537.6k $3.2m $3.2m 0.00% Reduced -65.6k -65,580
64 Mesirow Institutional Investment Management, Inc. 0.33% of their portfolio CHICAGO, IL 35,09135.1k $3.0m $3.0m 0.33% Reduced -188.2k -188,224
65 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 33,21833.2k $2.9m $2.9m 0.00% Added +2.5k +2,532
66 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 33,21133.2k $2.9m $2.9m 0.01% New
67 Flow State Investments, L.P. 2.15% of their portfolio CHICAGO, IL 30,00030.0k $2.6m $2.6m 2.15% New
68 Swiss National Bank 0.00% of their portfolio ZURICH, V8 28,80028.8k $2.5m $2.5m 0.00% Reduced -3.5k -3,500
69 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 27,91027.9k $2.4m $2.4m 0.00% New
70 Walleye Capital LLC 0.04% of their portfolio NEW YORK, NY 25,48925.5k $2.2m $2.2m 0.04% New
71 CIBC WORLD MARKETS CORP 0.00% of their portfolio NEW YORK, NY 23,88223.9k $282.3k $282.3k 0.00% New
72 Olympiad Research LP 2.39% of their portfolio Stamford, CT 23,70823.7k $2.1m $2.1m 2.39% First filing
73 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 22,01022.0k $1.9m $1.9m 0.00% Added +15.9k +15,920
74 DLD Asset Management, LP 0.18% of their portfolio NEW YORK, NY 21,00021.0k $1.8m $1.8m 0.18% New
75 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 20,34620.3k $1.8m $1.8m 0.00% Added +397 +397
76 Chicago Capital Management, LLC 1.81% of their portfolio CHICAGO, IL 19,10019.1k $1.7m $1.7m 1.81% New
77 Yakira Capital Management, Inc. 0.39% of their portfolio Westport, CT 17,65217.7k $1.5m $1.5m 0.39% New
78 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.03% of their portfolio BALA CYNWYD, PA 17,07817.1k $1.5m $1.5m 0.03% Unchanged
79 Vestcor Inc 0.05% of their portfolio FREDERICTON, A3 17,00017.0k $1.5m $1.5m 0.05% New
80 Baader Bank Aktiengesellschaft 0.11% of their portfolio Unterschleissheim, 2M 16,50016.5k $1.4m $1.4m 0.11% New
81 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 16,43816.4k $1.4m $1.4m 0.00% Reduced -224 -224
82 Kapstone Financial Advisors LLC 1.26% of their portfolio LEBANON, OH 16,02516.0k $1.4m $1.4m 1.26% Unchanged
83 Portolan Capital Management, LLC 0.13% of their portfolio BOSTON, MA 15,95516.0k $1.4m $1.4m 0.13% Reduced -382.7k -382,653
84 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 15,49215.5k $1.3m $1.3m 0.02% Added +10.8k +10,792
85 EQUITEC PROPRIETARY MARKETS, LLC 1.24% of their portfolio CHICAGO, IL 15,10015.1k $1.3m $1.3m 1.24% New
86 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 13,83013.8k $1.2m $1.2m 0.00% Added +8.2k +8,203
87 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 13,34313.3k $1.2m $1.2m 0.00% Added +442 +442
88 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 10,53710.5k $911.5k $911.5k 0.00% Reduced -2.5k -2,453
89 Public Sector Pension Investment Board 0.01% of their portfolio MONTREAL, A8 10,00010.0k $865.0k $865.0k 0.01% Unchanged
90 NJ State Employees Deferred Compensation Plan 0.13% of their portfolio TRENTON, NJ 10,00010.0k $865.0k $865.0k 0.13% Unchanged
91 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 9,4339.4k $816.0k $816.0k 0.00% Added +1.9k +1,868
92 Yorktown Management & Research Co Inc 0.87% of their portfolio Forest, VA 9,3009.3k $804.5k $804.5k 0.87% Unchanged
93 PenderFund Capital Management Ltd. 0.34% of their portfolio VANCOUVER, A1 9,1509.2k $1.1k $1.1k 0.34% New
94 MARTINGALE ASSET MANAGEMENT L P 0.02% of their portfolio BOSTON, MA 9,0109.0k $779.4k $779.4k 0.02% Reduced -6.5k -6,527
95 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 8,9849.0k $777.1k $777.1k 0.00% Reduced -5.6k -5,571
96 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 8,7528.8k $757.0k $757.0k 0.00% Unchanged
97 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 8,6688.7k $749.8k $749.8k 0.01% New
98 BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 8,3718.4k $724.1k $724.1k 0.02% New
99 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 7,9007.9k $683.4k $683.4k 0.00% Reduced -51.9k -51,860
100 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 7,7517.8k $670.5k $670.5k 0.00% Reduced -9.7k -9,677