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Travel + Leisure Co. (TNL) Landed in Chartwell Investment’s Top Detractor List

·2 min read

Chartwell Investment Partners, an asset management company, released its second quarter 2022 investor letter. A copy of the same can be downloaded here. For the second quarter, Chartwell-managed accounts fell in line with their respective index benchmarks, however, the Chartwell Dividend Model outperformed by a significant margin versus its benchmark. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.

In its Q2 2022 investor letter, Chartwell Investment Partners mentioned Travel + Leisure Co. (NYSE:TNL) and explained its insights for the company. Founded in 2006, Travel + Leisure Co. (NYSE:TNL) is an Orlando, Florida-based timeshare company with a $3.0 billion market capitalization. Travel + Leisure Co. (NYSE:TNL) delivered a -34.65% return since the beginning of the year, while its 12-month returns are down by -38.20%. The stock closed at $36.12 per share on September 22, 2022.

Here is what Chartwell Investment Partners has to say about Travel + Leisure Co. (NYSE:TNL) in its Q2 2022 investor letter:

"The three worst performers in the Growth and Balanced accounts includes Travel + Leisure (NYSE:TNL, 1.6%), down 32.4%. Timeshare company TNL actually posted a solid quarter, but the market seemed to not care, as heightened recession fears trumped all else."

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Photo by Jacek Dylag on Unsplash

Our calculations show that Travel + Leisure Co. (NYSE:TNL) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Travel + Leisure Co. (NYSE:TNL) was in 31 hedge fund portfolios at the end of the second quarter of 2022, compared to 26 funds in the previous quarter. Travel + Leisure Co. (NYSE:TNL) delivered a -6.40% return in the past 3 months.

In May 2022, we also shared another hedge fund’s views on Travel + Leisure Co. (NYSE:TNL) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q2 page.

Disclosure: None. This article is originally published at Insider Monkey.