Headwater Capital’s Trip.com Group TCOM Stock Holding History

Headwater Capital’s Portfolio TCOM Stock Details TCOM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$24.1M	Sell	605,000 -55,000	-8%	-$2.73M	4.82%	8
2026 Q1	$32.9M	Buy	660,000 +335,000	+103%	+$19.5M	5.28%	7
2025 Q4	$23.4M	Sell	325,000 -45,000	-12%	-$3.22M	4.86%	7
2025 Q3	$27.8M	Sell	370,000 -30,000	-8%	-$2M	6.81%	4
2025 Q2	$23.5M	Sell	400,000 -100,000	-20%	-$6.01M	8.14%	4
2025 Q1	$31.8M	Buy	500,000 +300,000	+150%	+$19.6M	14.29%	3
2024 Q4	$13.7M	Buy	+200,000	New	+$13.2M	7.32%	7

Other funds holding TCOM

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Sanders Capital West Palm Beach, Florida $99.8B AUM 47.9% 1-Year Est. Return

DSA

Davis Selected Advisers Tucson, Arizona $23.3B AUM 26.95% 1-Year Est. Return

AIM

ARGA Investment Management Stamford, Connecticut $3.92B AUM 35.93% 1-Year Est. Return

Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Robeco Institutional Asset Management Rotterdam, Netherlands $81.4B AUM 40.71% 1-Year Est. Return

Legal & General Group London, United Kingdom $480B AUM 42.84% 1-Year Est. Return

D.E. Shaw & Co New York $210B AUM 57.28% 1-Year Est. Return

Headwater Capital's TCOM Position: Q2 2026 in Review

Headwater Capital reduced its Trip.com Group (TCOM) stake by 8.3% in Q2 2026, selling an estimated $2.73M and leaving 605,000 shares worth $24.1M. The position accounts for 4.82% of the portfolio, ranked #8.

Headwater Capital first reported a position in TCOM in Q4 2024 and has held it in 7 quarters since. The position peaked at $32.9M in Q1 2026. 320 funds tracked by Wall St. Rank hold TCOM as of Q2 2026.

Headwater Capital held 605,000 shares of Trip.com Group worth $24.1M as of Q2 2026.
Headwater Capital sold 55,000 Trip.com Group shares in Q2 2026, an estimated $2.73M.
Trip.com Group made up 4.82% of Headwater Capital's portfolio in Q2 2026, its #8 holding.
Headwater Capital first reported a position in Trip.com Group in Q4 2024 and has held it in 7 quarters since.
Headwater Capital's Trip.com Group position peaked at $32.9M in Q1 2026.
320 funds tracked by Wall St. Rank held Trip.com Group as of Q2 2026.

Based on Headwater Capital's 13F filing for Q2 2026, filed 14 Aug 2026.