Booking.com
BKNG
1,193 hedge funds and large institutions have $71.6B invested in Booking.com in 2018 Q4 according to their latest regulatory filings, with 178 funds opening new positions, 377 increasing their positions, 455 reducing their positions, and 95 closing their positions.
87% more first-time investments, than exits
New positions opened: 178 | Existing positions closed: 95
8% more funds holding in top 10
Funds holding in top 10: 74 → 80 (+6)
7% more funds holding
Funds holding: 1,119 → 1,193 (+74)
16% less capital invested
Capital invested by funds: $85.6B → $71.6B (-$14B)
17% less repeat investments, than reductions
Existing positions increased: 377 | Existing positions reduced: 455
25% less call options, than puts
Call options by funds: $3.91B | Put options by funds: $5.2B
28.72% less ownership
Funds ownership: 2,272.52% → 2,243.8% (-29%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$648M |
| 2 |
Millennium Management
New York
|
+$252M |
| 3 |
IFP
Independent Franchise Partners
London,
United Kingdom
|
+$241M |
| 4 |
Man Group
London,
United Kingdom
|
+$209M |
| 5 |
First Eagle Investment Management
New York
|
+$159M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$2.61B |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$682M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$482M |
| 4 |
Tiger Global Management
New York
|
-$385M |
| 5 |
Janus Henderson Group
London,
|
-$318M |
BKNG Hedge Fund Activity: Q4 2018 in Review
1,193 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Booking.com (BKNG) for Q4 2018, worth a combined $71.6B — down 16% from $85.6B a quarter earlier.
Buyers outnumbered sellers: 178 funds opened new BKNG positions and 95 closed out — a net gain of 83 holders — while 377 added to existing stakes and 455 trimmed.
The largest buyer was Lone Pine Capital, opening a new position worth an estimated $648M. The largest seller was T. Rowe Price Associates, cutting an estimated $2.61B.
- 1,193 institutional investors held Booking.com (BKNG) as of Q4 2018, up from 1,119 in Q3 2018.
- Funds reported $71.6B of Booking.com stock for Q4 2018, down 16% quarter-over-quarter.
- 178 funds opened new Booking.com positions in Q4 2018 and 95 closed out, a net change of +83 holders.
- The largest Booking.com buyer in Q4 2018 was Lone Pine Capital, an estimated $648M added.
- The largest Booking.com seller in Q4 2018 was T. Rowe Price Associates, an estimated $2.61B sold.
Based on aggregated 13F filings for Q4 2018.