GreenWood Investors Considers Liberty TripAdvisor Holdings (LTRPA) as High-Velocity Upside Position

GreenWood Investors LLC, an investment management firm, released its second quarter 2022 investor letter. A copy of the same can be downloaded here. The portfolio was not performed as per the standard in the second quarter. The US-denominated Global Micro Fund was down 16.6% in the quarter, and its euro-denominated Luxembourg fund returned -17.0%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

GreenWood Investors discussed stocks like Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) in the second quarter investor letter. Headquartered in Englewood, Colorado, Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) is a travel guidance platform. September 16, 2022, Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) stock closed at $1.3300 per share. One-month return of Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) was -7.26% and its shares gained 58.82% of their value over the last 52 weeks. Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) has a market capitalization of $194.148 million.

Here is what GreenWood Investors specifically said about Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) in its Q2 2022 investor letter:

“Another high velocity upside position that we increased by more than 50% in the recent months is Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA)). Liberty TripAdvisor is not anchored by cash, like the biotechs are. In fact, its net asset value (NAV) actually collapsed to less the zero in recent months. However, its debt is termed out, meaning it basically functions as a very long-dated call option, or warrant, on TripAdvisor (TRIP).

Given controlling shareholder Liberty TripAdvisor is highly motivated to realize value from its holdings, we also believe the company will able to unlock value from its ecosystem, no matter what economic environment we head into. While TripAdvisor itself is heavily shorted around trough valuations, Liberty TripAdvisor has even more velocity to the upside given the significant leverage it has. Accordingly, we have kept it as a mid-single-digit position in the portfolio as it has recently rebounded significantly. Yet, it provides our conservative portfolio with jet fuel for a recovery when it happens.”

Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) is in not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) at the end of the second quarter which was 18 in the previous quarter.

We discussed Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) in another article and shared the list of stocks to buy under $15 according to Canadian Billionaire Prem Watsay. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.

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