Trip.com Group
TCOM
374 hedge funds and large institutions have $11.3B invested in Trip.com Group in 2025 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 135 increasing their positions, 118 reducing their positions, and 30 closing their positions.
103% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 30
14% more repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 118
10% more call options, than puts
Call options by funds: $181M | Put options by funds: $164M
8% more funds holding in top 10
Funds holding in top 10: 13 → 14 (+1)
7% more funds holding
Funds holding: 348 → 374 (+26)
0.87% less ownership
Funds ownership: 25.07% → 24.2% (-0.87%)
8% less capital invested
Capital invested by funds: $12.3B → $11.3B (-$979M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
+$182M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$135M |
| 3 |
BlackRock
New York
|
+$71.1M |
| 4 |
Temasek Holdings
Singapore
|
+$64.3M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$43.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$363M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$259M |
| 3 |
Morgan Stanley
New York
|
-$157M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$61.1M |
| 5 |
AIM
ARGA Investment Management
Stamford,
Connecticut
|
-$49M |
TCOM Hedge Fund Activity: Q4 2025 in Review
374 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Trip.com Group (TCOM) for Q4 2025, worth a combined $11.3B — down 7.9% from $12.3B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new TCOM positions and 30 closed out — a net gain of 31 holders — while 135 added to existing stakes and 118 trimmed.
The largest buyer was Marshall Wace, adding an estimated $182M. The largest seller was Capital World Investors, cutting an estimated $363M.
- 374 institutional investors held Trip.com Group (TCOM) as of Q4 2025, up from 348 in Q3 2025.
- Funds reported $11.3B of Trip.com Group stock for Q4 2025, down 7.9% quarter-over-quarter.
- 61 funds opened new Trip.com Group positions in Q4 2025 and 30 closed out, a net change of +31 holders.
- The largest Trip.com Group buyer in Q4 2025 was Marshall Wace, an estimated $182M added.
- The largest Trip.com Group seller in Q4 2025 was Capital World Investors, an estimated $363M sold.
Based on aggregated 13F filings for Q4 2025.