TZOO · Travelzoo · Holdings

$4.98 -0.14 (-2.64%) At close · Oct 27 Q3 2026 earnings call transcript

Market Cap

$54.68M

10.20M

Volume · Oct 27 87.98K Avg daily vol (3M) 70.52K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of TZOO: 13F, 13D and 13G, insiders and funds →

The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.

Quarter:

Holders: 70

Total Value: $41,519,734

Total Shares: 3,623,700

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 71 13F filers

Top Holder

14.7%

of institutional value

Top 5

47.1%

of institutional value

Top 10

68.3%

of institutional value

HHI

648

Broadly held

Who Holds TZOO

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 70 filers, like-for-like change -4.3%; actively managed books +12.4%; index-like books -33.3%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	55.0%	38	+6.1%	8	9
Exempt adviser	4.5%	1	new	1	0
Adviser	4.4%	2	-0.7%	0	1
Bank	3.8%	8	-45.4%	0	2
Non-US	0.0%	2	-97.1%	0	1
Holding company	11.9%	5	-33.3%	0	0
Benefit plan	0.0%	0	-100.0%	0	1
Broker-dealer	0.0%	0	—	0	0
Unknown	20.4%	14	-2.9%	2	12

Style	Share	Filers	Change	New	Exited
Index-like	25.4%	12	-33.3%	0	3
Systematic-like	2.2%	3	+96.6%	2	2
Concentrated	1.2%	13	-37.1%	0	3
Diversified active	71.2%	42	+12.4%	9	18
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	32.8%	40	-32.3%	0	15
Medium turnover	46.0%	17	+13.5%	5	7
High turnover	12.2%	10	+185.3%	6	3
Unknown	8.9%	3	-20.3%	0	1
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	8.9%	4	-22.8%	0	2
Medium horizon	15.0%	12	-0.6%	2	6
Long horizon	70.8%	51	-8.7%	6	17
Unknown	5.3%	3	+1657.3%	3	1
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	8.5%	12	+350.9%	1	2
$1B to $10B	6.5%	12	-15.5%	2	8
$10B to $100B	38.9%	18	-7.9%	3	8
$100B or more	46.0%	28	-12.4%	5	8
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	3.3%	16	-15.5%	2	3
Pooled investment vehicles	26.2%	8	+41.2%	5	0
Registered funds and BDCs	16.9%	5	-20.6%	1	2
Pension and profit sharing plans	0.0%	1	0.0%	0	0
Governments and sovereign funds	1.4%	2	+48.3%	0	1
Other investment advisers	0.0%	1	-9.1%	0	0
Diversified	7.3%	5	+19.0%	0	1
Insurance companies	0.0%	0	-100.0%	0	2
Corporations	0.0%	0	—	0	0
Unknown	45.0%	32	-14.5%	3	17

Private funds	Share	Filers	Change	New	Exited
Hedge funds	38.3%	15	+56.7%	6	1
Private equity funds	1.4%	2	-0.2%	0	0
Venture capital funds	0.0%	1	-22.6%	0	0
Real estate funds	0.1%	3	+2595.6%	1	1
Securitized asset funds	0.0%	1	0.0%	0	0
Other private funds	8.9%	5	-4.7%	0	0
No private funds	10.8%	12	-34.9%	2	7
Private funds, type not stated	0.0%	0	—	0	0
Unknown	40.5%	31	-23.1%	2	17

Location	Share	Filers	Change	New	Exited
United States	93.0%	63	-7.2%	10	22
Outside the US	7.0%	7	+65.8%	1	4

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 2 holders with no observed 2026-06-30 13F.

Conviction and Crowding

70 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

0.000% of filers hold it in their top 10

Mar 31, 2026: 0

Holders above 5%

median weight 0.000%

Mar 31, 2026: 0

Crowding

18.4%

of shares outstanding, 54th percentile

Mar 31, 2026: 12.2%

Private-fund advisers

17.3%

of shares outstanding

Institutional ownership

35.5%

57.3% of the estimated free float

Top 10 holders

68.9%

of 13F shares, Herfindahl 0.066

Active holders

+12.4%

like-for-like share change of active filers

5% stakes on record

0 13D, 1 13G (1 institutional, 0 passive, 0 exempt)

How long holders have held it value-weighted 13.4 quarters

Under 1 year 27.6% 1 to 3 years 29.8% 3 years or more 42.6% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$10.20

estimated per share

Mar 31, 2026: $10.89

Quarter-end price

$11.68

implied by 13F values

Estimated gain or loss

+14.6%

price against the estimated cost

Estimated at a loss

23.4%

of costed 13F value

Estimated cost covers 46.0% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Shareholder Targets

13F filers that own its peers but not TZOO, quarter ended Jun 30, 2026

TZOO has no holder-overlap peers, so these filers hold the largest Communication Services stocks: GOOGL, META, NFLX, DIS, VZ, APP, T, TMUS, CMCSA, SPOT, WBD, EA, TTWO, NBIS, LYV, RBLX. 6,813 filers in all.

#	Filer	In peers	Of book	Largest peers
1	VANGUARD PORTFOLIO MANAGEMENT LLC Registered adviser, Diversified active	$117,532,681,264 15 held	5.30%	GOOGL, META, NFLX
2	Invesco Ltd. Adviser, Diversified active	$112,438,465,614 16 held	8.90%	GOOGL, META, NFLX
3	PRICE T ROWE ASSOCIATES INC /MD/ Registered adviser, Diversified active	$93,887,512,892 16 held	9.42%	GOOGL, META, NFLX
4	NORGES BANK Non-US, Index-like	$93,045,053,944 16 held	9.27%	GOOGL, META, NFLX
5	Capital World Investors Adviser, Diversified active	$85,256,034,726 11 held	10.1%	GOOGL, META, NFLX
6	Capital Research Global Investors Adviser, Diversified active	$72,049,461,144 8 held	10.1%	GOOGL, META, NFLX
7	BANK OF AMERICA CORP /DE/ Bank, Diversified active	$67,084,200,102 16 held	4.33%	GOOGL, META, NFLX
8	CHARLES SCHWAB INVESTMENT MANAGEMENT INC Registered adviser, Diversified active	$51,854,473,831 16 held	6.90%	GOOGL, META, VZ
9	Legal & General Group Plc Unknown, Index-like	$41,042,755,130 16 held	8.56%	GOOGL, META, NFLX
10	Capital International Investors Adviser, Diversified active	$39,630,531,776 9 held	8.21%	GOOGL, META, APP

Fund Ownership of TZOO by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 5.11% of shares outstanding.

Fund type	Of shares outstanding	Change	Shares	Funds
Index funds	1.71%	-0.32 pp	174,783	18
Index ETFs	3.40%	-2.13 pp	346,614	13
Active ETFs	0.33%	-0.09 pp	34,148	3
Active funds	2.30%	-0.66 pp	234,869	18
Unclassified	0.00%	0.00 pp	0	0
All registered funds	7.75%	-3.20 pp	790,414	52

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 37 Exempt adviser 1 Adviser 2 Bank 8 Non-US 2 Holding company 5 Unknown 15

Showing 71 of 71

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

RENAISSANCE TECHNOLOGIES LLC

$6,320,059

15.22%

541,101

ACADIAN ASSET MANAGEMENT LLC

$5,506,115

13.26%

471,414

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Acadian Inc	471,414	$5,506,115	100.0%	Defined

VANGUARD CAPITAL MANAGEMENT LLC

$3,290,769

7.93%

281,744

Truffle Hound Capital, LLC

$2,853,482

6.87%

244,305

DIMENSIONAL FUND ADVISORS LP

$2,296,602

5.53%

196,627

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Dimensional Fund Advisors Ltd.	2,026	$23,663	1.0%	Defined
DFA Australia Ltd.	2,527	$29,515	1.3%	Defined
Dimensional Ireland Ltd	9,368	$109,418	4.8%	Defined
Held directly	182,706	$2,134,006	92.9%	Sole

BlackRock, Inc.

$1,947,089

4.69%

166,703

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BLACKROCK FINANCIAL MANAGEMENT INC/DE	16,556	$193,374	9.9%	Sole
BlackRock Investment Management, LLC	1,924	$22,472	1.2%	Sole
BlackRock Fund Advisors	24,448	$285,552	14.7%	Sole
BlackRock Institutional Trust Company, N.A.	123,682	$1,444,605	74.2%	Sole
Aperio Group, LLC	93	$1,086	0.1%	Sole

MARSHALL WACE, LLP

$1,925,680

4.64%

164,870

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Marshall Wace North America L.P. joint	164,870	$1,925,680	100.0%	Other

GOLDMAN SACHS GROUP INC

$1,872,046

4.51%

160,278

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	90,541	$1,057,518	56.5%	Defined
GOLDMAN SACHS ASSET MANAGEMENT, L.P.	69,737	$814,528	43.5%	Defined

AQR CAPITAL MANAGEMENT LLC

$1,639,145

3.95%

140,338

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RF&L WEALTH MANAGEMENT, LLC	1	$11	0.0%	Other
Prism Planning Partners LLC	181	$2,114	0.1%	Other
Arax Advisory Partners	2,697	$31,500	1.9%	Other
HALBERT HARGROVE GLOBAL ADVISORS, LLC	439	$5,127	0.3%	Other
Stokes Family Office, LLC	1,789	$20,895	1.3%	Other
Held directly	135,231	$1,579,498	96.4%	Defined

JANE STREET GROUP, LLC

$1,130,109

2.72%

96,756

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	45,341	$529,582	46.9%	Defined
Jane Street Global Trading, LLC	51,415	$600,527	53.1%	Defined

MORGAN STANLEY

$1,046,350

2.52%

89,585

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO INTERNATIONAL PLC	965	$11,271	1.1%	Defined
MORGAN STANLEY & CO. LLC	130	$1,518	0.1%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	35,191	$411,030	39.3%	Defined
MORGAN STANLEY SMITH BARNEY LLC	18,952	$221,359	21.2%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	34,347	$401,172	38.3%	Defined

GEODE CAPITAL MANAGEMENT, LLC

$958,238

2.31%

82,041

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC	16,176	$188,935	19.7%	Defined
Held directly	65,865	$769,303	80.3%	Defined

JACOBS LEVY EQUITY MANAGEMENT, INC

$923,023

2.22%

79,026

Squarepoint Ops LLC

$782,396

1.88%

66,986

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Squarepoint Capital LLP	66,986	$782,396	100.0%	Defined

Man Group plc

$703,568

1.69%

60,237

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Numeric Investors LLC	60,237	$703,568	100.0%	Defined

Bank of New York Mellon Corp

$644,466

1.55%

55,177

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
The Bank of New York Mellon	618	$7,218	1.1%	Defined
BNY Mellon, NA joint	2,540	$29,667	4.6%	Defined
Newton Investment Management North America, LLC	52,018	$607,570	94.3%	Defined
Held directly	1	$11	0.0%	Defined

Truvestments Capital LLC

$589,921

1.42%

50,507

Cerity Partners LLC

$561,421

1.35%

48,067

Trexquant Investment LP

$548,574

1.32%

46,967

LSV ASSET MANAGEMENT

$530,272

1.28%

45,400

Hennion & Walsh Asset Management, Inc.

$502,546

1.21%

91,372

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP

$497,801

1.20%

42,620

VANGUARD FIDUCIARY TRUST CO

$461,453

1.11%

39,508

STATE STREET CORP

$411,941

0.99%

35,269

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STATE STREET GLOBAL ADVISORS TRUST COMPANY	35,269	$411,941	100.0%	Defined

BRIDGEWAY CAPITAL MANAGEMENT, LLC

$375,430

0.90%

32,143

UBS Group AG

$344,268

0.83%

29,475

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS AG	29,475	$344,268	100.0%	Defined

EXCHANGE TRADED CONCEPTS, LLC

$290,808

0.70%

24,898

Centiva Capital, LP

$290,224

0.70%

24,848

Creative Planning

$266,339

0.64%

22,803

TWO SIGMA INVESTMENTS, LP

$198,536

0.48%

16,998

CITADEL ADVISORS LLC

$191,960

0.46%

16,435

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	16,435	$191,960	100.0%	Defined

FMR LLC

$182,557

0.44%

15,630

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fidelity Management & Research Co LLC	13,436	$156,932	86.0%	Defined
STRATEGIC ADVISERS LLC	2,194	$25,625	14.0%	Defined

NORTHERN TRUST CORP

$172,723

0.42%

14,788

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO joint	14,788	$172,723	100.0%	Defined

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$171,696

0.41%

14,700

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	14,700	$171,696	100.0%	Other

THOMPSON DAVIS & CO., INC.

$169,944

0.41%

14,550

EVERGREEN CAPITAL MANAGEMENT LLC

$160,248

0.39%

29,136

CITADEL ADVISORS LLC

$153,008

0.37%

13,100

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	13,100	$153,008	100.0%	Defined

HRT FINANCIAL LP

$143,792

0.35%

12,311

LAZARD ASSET MANAGEMENT LLC

$140,393

0.34%

12,020

Russell Investments Group, Ltd.

$55,655

0.13%

4,765

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Russell Investment Management, LLC	4,765	$55,655	100.0%	Defined

State of Alaska, Department of Revenue

$47,327

0.11%

8,605

Private Wealth Asset Management, LLC

$34,456

0.08%

2,950

Arax Advisory Partners

$33,790

0.08%

2,893

RHUMBLINE ADVISERS

$32,528

0.08%

2,785

Vanguard Global Advisers, LLC

$27,669

0.07%

2,369

OSAIC HOLDINGS, INC.

$27,097

0.07%

2,320

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	2,320	$27,097	100.0%	Defined

PNC FINANCIAL SERVICES GROUP, INC.

$16,912

0.04%

1,448

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
PNC Bank, National Association	1,448	$16,912	100.0%	Defined

Tower Research Capital LLC (TRC)

$10,535

0.03%

902

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Latour Trading LLC (Latour)	902	$10,535	100.0%	Defined

BARCLAYS PLC

$8,362

0.02%

716

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS CAPITAL INC.	716	$8,362	100.0%	Defined

BNP PARIBAS ARBITRAGE, SA

$6,447

0.02%

552

Bell Investment Advisors, Inc

$4,531

0.01%

388

GAMMA Investing LLC

$3,927

0.01%

714

JPMORGAN CHASE & CO

$3,234

0.01%

277

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JPMorgan Chase Bank, N.A.	44	$513	15.9%	Defined
J.P. Morgan Investment Management Inc.	30	$350	10.8%	Defined
J.P. Morgan Securities plc	203	$2,371	73.3%	Defined

Allworth Financial LP

$2,476

0.01%

212

Caitong International Asset Management Co., Ltd

$1,822

0.00%

156

EverSource Wealth Advisors, LLC

$1,739

0.00%

149

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BMSS Wesson Wealth Solutions, LLC	5	$58	3.3%	Sole
Held directly	144	$1,681	96.7%	Sole

ROTHSCHILD INVESTMENT LLC

$1,401

0.00%

120

Marquette Asset Management, LLC

$1,083

0.00%

197

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

$642

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Group AG	55	$642	100.0%	Defined

CREATIVE FINANCIAL DESIGNS INC /ADV

$607

0.00%

Essential Partners LLC

$561

0.00%

102

LOS ANGELES CAPITAL MANAGEMENT LLC

$420

0.00%

NISA INVESTMENT ADVISORS, LLC

$352

0.00%

American Capital Advisory, LLC

$350

0.00%

Align Financial, LLC

$324

0.00%

ROYAL BANK OF CANADA

$303

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC CMA LTD.	24	$280	92.4%	Defined
RBC Capital Markets, LLC	2	$23	7.6%	Defined

Ritter Daniher Financial Advisory LLC / DE

$105

0.00%

James T. Borello RIA

$49

0.00%

Fortitude Family Office, LLC

$22

0.00%

SBI Securities Co., Ltd.

$11

0.00%

Farther Finance Advisors, LLC

0.00%

Key facts CIK 1133311 CUSIP 89421Q205 13F (30d) 12 filings 12 filers Visit website Investor relations