Trip.com Group
TCOM
358 hedge funds and large institutions have $10.2B invested in Trip.com Group in 2025 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 106 increasing their positions, 165 reducing their positions, and 84 closing their positions.
12% less funds holding
Funds holding: 406 → 358 (-48)
14.33% less ownership
Funds ownership: 40.88% → 26.55% (-14%)
34% less call options, than puts
Call options by funds: $131M | Put options by funds: $198M
36% less repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 165
50% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 84
54% less funds holding in top 10
Funds holding in top 10: 24 → 11 (-13)
91% less capital inflows, than outflows
Capital inflows: $561M | Capital outflows: $6.19B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ARGA Investment Management
Stamford,
Connecticut
|
+$106M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$68.5M |
| 3 |
Man Group
London,
United Kingdom
|
+$36.3M |
| 4 |
UBS AM
Chicago,
Illinois
|
+$35.7M |
| 5 |
Cantillon Capital Management
New York
|
+$31.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.01B |
| 2 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$770M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$498M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$474M |
| 5 |
Capital World Investors
Los Angeles,
California
|
-$419M |
TCOM Hedge Fund Activity: Q2 2025 in Review
358 of the 7,624 institutional investors tracked by Wall St. Rank reported a position in Trip.com Group (TCOM) for Q2 2025, worth a combined $10.2B — down 37% from $16.1B a quarter earlier.
Sellers outnumbered buyers: 84 funds closed out of TCOM and 42 opened new positions — a net loss of 42 holders — while 165 trimmed existing stakes and 106 added.
The largest buyer was ARGA Investment Management, adding an estimated $106M. The largest seller was Fidelity Investments, cutting an estimated $1.01B.
- 358 institutional investors held Trip.com Group (TCOM) as of Q2 2025, down from 406 in Q1 2025.
- Funds reported $10.2B of Trip.com Group stock for Q2 2025, down 37% quarter-over-quarter.
- 42 funds opened new Trip.com Group positions in Q2 2025 and 84 closed out, a net change of -42 holders.
- The largest Trip.com Group buyer in Q2 2025 was ARGA Investment Management, an estimated $106M added.
- The largest Trip.com Group seller in Q2 2025 was Fidelity Investments, an estimated $1.01B sold.
Based on aggregated 13F filings for Q2 2025.