Trip.com Group
TCOM
333 hedge funds and large institutions have $9.26B invested in Trip.com Group in 2018 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 124 increasing their positions, 117 reducing their positions, and 100 closing their positions.
10% more funds holding in top 10
Funds holding in top 10: 20 → 22 (+2)
6% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 117
6.52% less ownership
Funds ownership: 522.47% → 515.96% (-6.5%)
14% less funds holding
Funds holding: 387 → 333 (-54)
30% less capital invested
Capital invested by funds: $13.2B → $9.26B (-$3.9B)
44% less call options, than puts
Call options by funds: $125M | Put options by funds: $221M
52% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 100
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$266M |
| 2 |
BlackRock
New York
|
+$209M |
| 3 |
Capital International Investors
Los Angeles,
California
|
+$121M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$85.7M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$49.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$188M |
| 2 |
CI
Cambiar Investors
Denver,
Colorado
|
-$164M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$157M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$99.6M |
| 5 |
Janus Henderson Group
London,
United Kingdom
|
-$94.9M |
TCOM Hedge Fund Activity: Q4 2018 in Review
333 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Trip.com Group (TCOM) for Q4 2018, worth a combined $9.26B — down 30% from $13.2B a quarter earlier.
Sellers outnumbered buyers: 100 funds closed out of TCOM and 48 opened new positions — a net loss of 52 holders — while 117 trimmed existing stakes and 124 added.
The largest buyer was Morgan Stanley, adding an estimated $266M. The largest seller was PAR Capital Management, exiting entirely with an estimated $188M sold.
- 333 institutional investors held Trip.com Group (TCOM) as of Q4 2018, down from 387 in Q3 2018.
- Funds reported $9.26B of Trip.com Group stock for Q4 2018, down 30% quarter-over-quarter.
- 48 funds opened new Trip.com Group positions in Q4 2018 and 100 closed out, a net change of -52 holders.
- The largest Trip.com Group buyer in Q4 2018 was Morgan Stanley, an estimated $266M added.
- The largest Trip.com Group seller in Q4 2018 was PAR Capital Management, an estimated $188M sold.
Based on aggregated 13F filings for Q4 2018.