Vault-13

TRIP COM GROUP LTD TCOM

ADS · ADR · CUSIP 89677Q107 · ISIN US89677Q1076

Chinese provider of travel services

357 institutional holders -48 vs Q1 2025
172,797,669172.8m shares reported held*
$10.1bnreported value*
37 new 108 added 162 reduced 84 sold out net sold ≈ $4.9bn (-96.6m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($29.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $58.63. Options: 21 managers hold calls ($132.7m notional), 21 hold puts ($198.5m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 312Q4 22: 334Q1 23: 363Q2 23: 344Q3 23: 354Q4 23: 328Q1 24: 350Q2 24: 367Q3 24: 387Q4 24: 403Q1 25: 405Q2 25: 357357Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022312
Q4 2022334
Q1 2023363
Q2 2023344
Q3 2023354
Q4 2023328
Q1 2024350
Q2 2024367
Q3 2024387
Q4 2024403
Q1 2025405
Q2 2025357

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q3 23: 155 bought or addedQ3 23: 178 cut or sold outQ4 23: 128 bought or addedQ4 23: 208 cut or sold outQ4 23Q1 24: 180 bought or addedQ1 24: 167 cut or sold outQ2 24: 189 bought or addedQ2 24: 176 cut or sold outQ2 24Q3 24: 201 bought or addedQ3 24: 174 cut or sold outQ4 24: 185 bought or addedQ4 24: 208 cut or sold outQ4 24Q1 25: 196 bought or addedQ1 25: 204 cut or sold outQ2 25: 145 bought or addedQ2 25: 246 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023155178
Q4 2023128208
Q1 2024180167
Q2 2024189176
Q3 2024201174
Q4 2024185208
Q1 2025196204
Q2 2025145246

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100m$200m$300m$400mQ3 24 calls: $200.2mQ3 24 puts: $325.1mQ3 24P/C 1.62Q4 24 calls: $242.8mQ4 24 puts: $284.9mQ4 24P/C 1.17Q1 25 calls: $145.2mQ1 25 puts: $185.0mQ1 25P/C 1.27Q2 25 calls: $132.7mQ2 25 puts: $198.5mQ2 25P/C 1.50
Numbers
QuarterCallsPutsP/C
Q3 2024$200.2m$325.1m1.62
Q4 2024$242.8m$284.9m1.17
Q1 2025$145.2m$185.0m1.27
Q2 2025$132.7m$198.5m1.50

Biggest buyers

ARGA Investment Management, LP Added +1,763,562+1.8m
Invesco Ltd. Added +1,139,380+1.1m
Man Group plc Added +604,195+604.2k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +594,710+594.7k
Cantillon Capital Management LLC Added +520,438+520.4k
TWO SIGMA ADVISERS, LP New +512,400+512.4k
FEDERATED HERMES, INC. Added +398,470+398.5k
UBS Group AG Added +387,890+387.9k
Ardmore Road Asset Management LP New +350,000+350.0k
Intermede Investment Partners Ltd Added +341,408+341.4k

Biggest sellers

FMR LLC Reduced -16,880,177-16.9m
Mirae Asset Global Investments Co., Ltd. Reduced -12,819,577-12.8m
FIL Ltd Reduced -8,284,971-8.3m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -7,880,666-7.9m
Capital World Investors Reduced -6,967,203-7.0m
Capital Research Global Investors Sold out -3,897,635-3.9m
VOYA INVESTMENT MANAGEMENT LLC Reduced -3,505,072-3.5m
WELLINGTON MANAGEMENT GROUP LLP Reduced -3,046,611-3.0m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -2,911,496-2.9m
WASATCH ADVISORS LP Sold out -2,045,587-2.0m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $39.0m664.5k shares
JANE STREET GROUP, LLC Added $15.6m266.5k shares
UBS Group AG Reduced $14.4m245.3k shares
IMC-Chicago, LLC Added $11.6m197.3k shares
GROUP ONE TRADING LLC Reduced $11.1m189.9k shares
Walleye Trading LLC Added $10.4m177.0k shares
CITADEL ADVISORS LLC Reduced $7.5m127.2k shares
SIMPLEX TRADING, LLC Reduced $5.3m90.8k shares
MILLENNIUM MANAGEMENT LLC Added $5.2m89.3k shares
PEAK6 LLC Reduced $4.1m70.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $53.0m903.0k shares
Walleye Trading LLC Added $26.7m454.7k shares
JANE STREET GROUP, LLC Added $25.8m439.3k shares
IMC-Chicago, LLC Added $11.7m198.9k shares
GROUP ONE TRADING LLC Added $11.0m188.3k shares
D. E. Shaw & Co., Inc. New $10.7m183.2k shares
SIMPLEX TRADING, LLC Reduced $10.4m176.8k shares
CITADEL ADVISORS LLC Added $9.4m160.0k shares
HBK INVESTMENTS L P Reduced $8.1m138.6k shares
MILLENNIUM MANAGEMENT LLC Added $5.8m98.2k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution new · filed 2025-01-30 5.1% new 34.8m 2025-01-30

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital World Investors 0.31% of their portfolio LOS ANGELES, CA 35,972,48836.0m $2.1bn $2.1bn 0.31% Reduced -7.0m -6,967,203
2 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 19,543,19319.5m $1.1bn $1.1bn 0.07% Reduced -1.5m -1,529,508
3 FMR LLC 0.03% of their portfolio BOSTON, MA 10,016,49710.0m $587.4m $587.4m 0.03% Reduced -16.9m -16,880,177
4 Sanders Capital, LLC 0.72% of their portfolio West Palm Beach, FL 9,205,9669.2m $539.8m $539.8m 0.72% Reduced -254.4k -254,448
5 Capital International Investors 0.06% of their portfolio Los Angeles, CA 6,341,2906.3m $371.9m $371.9m 0.06% Reduced -450.7k -450,734
6 ARGA Investment Management, LP 9.70% of their portfolio STAMFORD, CT 6,044,1046.0m $354.4m $354.4m 9.70% Added +1.8m +1,763,562
7 Davis Selected Advisers 1.55% of their portfolio Tucson, AZ 4,949,4684.9m $290.2m $290.2m 1.55% Added +86.5k +86,471
8 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 4,945,7464.9m $290.0m $290.0m 0.02% Reduced -353.5k -353,462
9 Cantillon Capital Management LLC 1.39% of their portfolio New York, NY 4,097,2514.1m $240.3m $240.3m 1.39% Added +520.4k +520,438
10 Legal & General Group Plc 0.05% of their portfolio London, X0 3,248,0923.2m $190.5m $190.5m 0.05% Reduced -44.7k -44,749
11 Invesco Ltd. 0.03% of their portfolio ATLANTA, GA 2,584,2702.6m $151.5m $151.5m 0.03% Added +1.1m +1,139,380
12 Fisher Asset Management, LLC 0.06% of their portfolio PLANO, TX 2,530,5632.5m $148.4m $148.4m 0.06% Reduced -235.6k -235,598
13 VOYA INVESTMENT MANAGEMENT LLC 0.14% of their portfolio ATLANTA, GA 2,453,6682.5m $143.9m $143.9m 0.14% Reduced -3.5m -3,505,072
14 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 2,410,5062.4m $141.4m $141.4m 0.03% Added +220.0k +220,038
15 Russell Investments Group, Ltd. 0.18% of their portfolio Seattle, WA 2,387,4082.4m $140.0m $140.0m 0.18% Added +1.0k +1,010
16 CoreView Capital Management Ltd 15.81% of their portfolio HONG KONG, K3 2,065,8902.1m $121.1m $121.1m 15.81% Reduced -1.7m -1,685,487
17 Intermede Investment Partners Ltd 3.29% of their portfolio LONDON, X0 1,735,3631.7m $101.8m $101.8m 3.29% Added +341.4k +341,408
18 Man Group plc 0.21% of their portfolio LONDON, X0 1,626,5451.6m $95.4m $95.4m 0.21% Added +604.2k +604,195
19 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,581,3491.6m $92.7m $92.7m 0.01% Reduced -633.8k -633,831
20 JANUS HENDERSON GROUP PLC 0.04% of their portfolio LONDON, X0 1,525,5921.5m $89.5m $89.5m 0.04% Reduced -831.5k -831,491
21 Amundi 0.03% of their portfolio Paris, I0 1,513,9361.5m $89.5m $89.5m 0.03% Added +138.3k +138,315
22 Aspex Management (HK) Ltd 1.90% of their portfolio CENTRAL, K3 1,491,6431.5m $87.5m $87.5m 1.90% Unchanged
23 MARSHALL WACE, LLP 0.10% of their portfolio LONDON, X0 1,470,9161.5m $86.3m $86.3m 0.10% Added +41.5k +41,524
24 SCHRODER INVESTMENT MANAGEMENT GROUP 0.07% of their portfolio London, X0 1,461,8121.5m $85.7m $85.7m 0.07% Reduced -7.9m -7,880,666
25 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,391,2201.4m $81.6m $81.6m 0.00% Reduced -230.7k -230,711
26 FEDERATED HERMES, INC. 0.14% of their portfolio PITTSBURGH, PA 1,273,3691.3m $74.7m $74.7m 0.14% Added +398.5k +398,470
27 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,221,3281.2m $71.6m $71.6m 0.01% Added +387.9k +387,890
28 AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio KANSAS CITY, MO 1,215,0631.2m $71.3m $71.3m 0.04% Reduced -31.1k -31,061
29 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,190,9381.2m $69.8m $69.8m 0.01% Reduced -280.4k -280,411
30 Vontobel Holding Ltd. 0.22% of their portfolio ZURICH, V8 1,125,1171.1m $66.0m $66.0m 0.22% Reduced -158.3k -158,306
31 FIL Ltd 0.06% of their portfolio HAMILTON, D0 1,122,3821.1m $65.8m $65.8m 0.06% Reduced -8.3m -8,284,971
32 MACQUARIE GROUP LTD 0.07% of their portfolio Sydney, NSW 2000, C3 1,015,9931.0m $59.6m $59.6m 0.07% Reduced -10.7k -10,742
33 Polar Capital Holdings Plc 0.31% of their portfolio London, X0 1,013,0551.0m $59.4m $59.4m 0.31% Reduced -24.7k -24,713
34 Trivest Advisors Ltd 2.28% of their portfolio Hong Kong, K3 1,000,0001.0m $58.6m $58.6m 2.28% Reduced -640.0k -640,000
35 Robeco Institutional Asset Management B.V. 0.09% of their portfolio ROTTERDAM, P7 970,223970.2k $56.9m $56.9m 0.09% Reduced -425.1k -425,075
36 Temasek Holdings (Private) Ltd 0.22% of their portfolio SINGAPORE, U0 953,869953.9k $55.9m $55.9m 0.22% Added +95.6k +95,616
37 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 904,624904.6k $53.0m $53.0m 0.01% Reduced -913.5k -913,535
38 LOOMIS SAYLES & CO L P 0.06% of their portfolio BOSTON, MA 859,295859.3k $50.4m $50.4m 0.06% Reduced -14.6k -14,600
39 C WorldWide Group Holding A/S 0.68% of their portfolio COPENHAGEN, G7 852,833852.8k $50.0m $50.0m 0.68% Reduced -449.1k -449,140
40 NORDEA INVESTMENT MANAGEMENT AB 0.05% of their portfolio STOCKHOLM, V7 823,853823.9k $48.5m $48.5m 0.05% Reduced -94.9k -94,915
41 MACKENZIE FINANCIAL CORP 0.06% of their portfolio TORONTO ONTARIO, A6 786,971787.0k $46.1m $46.1m 0.06% Added +68.6k +68,644
42 NORGES BANK 0.01% of their portfolio OSLO, Q8 770,896770.9k $45.2m $45.2m 0.01% Reduced -132.4k -132,400
43 SRS Investment Management, LLC 0.46% of their portfolio New York, NY 756,185756.2k $44.3m $44.3m 0.46% Unchanged
44 CIBC Private Wealth Group LLC 0.08% of their portfolio ATLANTA, GA 726,005726.0k $42.6m $42.6m 0.08% Added +26.5k +26,491
45 CAPITAL INTERNATIONAL SARL 0.77% of their portfolio Los Angeles, CA 679,234679.2k $39.8m $39.8m 0.77% Added +39.4k +39,380
46 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 634,798634.8k $37.2m $37.2m 0.01% Added +594.7k +594,710
47 LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 594,754594.8k $34.9m $34.9m 0.05% Added +94.3k +94,280
48 JANE STREET GROUP, LLC 0.06% of their portfolio NEW YORK, NY 588,970589.0k $34.5m $34.5m 0.06% Reduced -220.2k -220,174
49 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 574,183574.2k $33.7m $33.7m 0.00% Reduced -173.6k -173,589
50 MARTIN CURRIE LTD 1.25% of their portfolio EDINBURGH, X0 555,578555.6k $32.6m $32.6m 1.25% Reduced -430.9k -430,911
51 Driehaus Capital Management LLC 0.26% of their portfolio Chicago, IL 545,876545.9k $32.0m $32.0m 0.26% Reduced -285.4k -285,406
52 PLATINUM INVESTMENT MANAGEMENT LTD 2.06% of their portfolio SYDNEY AUSTRALIA 2000, C3 526,979527.0k $30.9m $30.9m 2.06% Reduced -150.3k -150,303
53 WCM INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio LAGUNA BEACH, CA 521,186521.2k $30.6m $30.6m 0.07% Reduced -83.2k -83,179
54 TWO SIGMA ADVISERS, LP 0.06% of their portfolio NEW YORK, NY 512,400512.4k $30.0m $30.0m 0.06% New
55 Tairen Capital Ltd 3.00% of their portfolio HONG KONG, K3 500,154500.2k $29.3m $29.3m 3.00% Added +162.2k +162,231
56 NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio MONTREAL, A8 483,650483.6k $28.4m $28.4m 0.03% Reduced -536.2k -536,197
57 JENNISON ASSOCIATES LLC 0.02% of their portfolio NEW YORK, NY 445,006445.0k $26.1m $26.1m 0.02% Reduced -383.8k -383,759
58 CAPITAL INTERNATIONAL LTD /CA/ 0.98% of their portfolio LOS ANGELES, CA 436,706436.7k $25.6m $25.6m 0.98% Added +25.6k +25,560
59 NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio ALBANY, NY 408,421408.4k $23.9m $23.9m 0.03% Reduced -241.1k -241,082
60 DekaBank Deutsche Girozentrale 0.04% of their portfolio FRANKFURT, 2M 405,000405.0k $23.5m $23.5m 0.04% Unchanged
61 Headwater Capital Co Ltd 8.21% of their portfolio HONG KONG, F4 400,000400.0k $23.5m $23.5m 8.21% Reduced -600.0k -600,000
62 Capital International, Inc./CA/ 0.22% of their portfolio Los Angeles, CA 386,726386.7k $22.7m $22.7m 0.22% Reduced -368.9k -368,937
63 MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 5.19% of their portfolio SAN FRANCISCO, CA 384,874384.9k $22.6m $22.6m 5.19% Reduced -71.0k -71,006
64 Greenwoods Asset Management Hong Kong Ltd. 0.77% of their portfolio HONG KONG, K3 377,500377.5k $22.1m $22.1m 0.77% Reduced -6.0k -6,043
65 Handelsbanken Fonder AB 0.07% of their portfolio STOCKHOLM, V7 353,500353.5k $20.7m $20.7m 0.07% Reduced -5.2k -5,235
66 Ardmore Road Asset Management LP 1.70% of their portfolio WESTPORT, CT 350,000350.0k $20.5m $20.5m 1.70% New
67 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 345,652345.7k $20.3m $20.3m 0.03% Reduced -128.4k -128,423
68 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 313,000313.0k $18.4m $18.4m 0.02% Reduced -159.4k -159,400
69 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 300,632300.6k $17.6m $17.6m 0.02% Reduced -775.3k -775,327
70 AXA S.A. 0.05% of their portfolio PARIS, I0 296,837296.8k $17.4m $17.4m 0.05% Reduced -91.2k -91,200
71 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 288,452288.5k $16.9m $16.9m 0.00% Reduced -6.6k -6,616
72 Green Court Capital Management Ltd 10.24% of their portfolio HONG KONG, K3 262,689262.7k $15.5m $15.5m 10.24% Reduced -537.9k -537,911
73 WIM INVESTMENT MANAGEMENT Ltd 5.04% of their portfolio HONG KONG, K3 258,550258.6k $15.2m $15.2m 5.04% Added +57.5k +57,450
74 APG Asset Management N.V. 0.04% of their portfolio Amsterdam, P7 246,400246.4k $12.3m $12.3m 0.04% Reduced -140.0k -140,000
75 CapitalatWork S.A. 0.40% of their portfolio AUDERGHEM, C9 224,272224.3k $13.2m $13.2m 0.40% Reduced -2.6k -2,650
76 SIH Partners, LLLP 1.23% of their portfolio Wilmington, DE 220,844220.8k $13.0m $13.0m 1.23% Added +111.9k +111,929
77 Monolith Management Ltd 4.46% of their portfolio HONG KONG, K3 214,916214.9k $12.6m $12.6m 4.46% Added +15.2k +15,172
78 Maxi Investments CY Ltd 2.09% of their portfolio LIMASSOL, G4 210,476210.5k $12.3m $12.3m 2.09% Unchanged
79 FRED ALGER MANAGEMENT, LLC 0.05% of their portfolio NEW YORK, NY 196,325196.3k $11.5m $11.5m 0.05% Reduced -45.5k -45,519
80 Boston Common Asset Management, LLC 0.31% of their portfolio BOSTON, MA 187,849187.8k $11.0m $11.0m 0.31% Added +157 +157
81 AIA Group Ltd 0.24% of their portfolio HONG KONG, K3 186,279186.3k $10.9m $10.9m 0.24% Added +50.7k +50,746
82 M&G PLC 0.06% of their portfolio London, X0 174,801174.8k $10.3m $10.3m 0.06% Reduced -76.5k -76,514
83 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 173,143173.1k $10.2m $10.2m 0.01% Reduced -136.3k -136,337
84 JARISLOWSKY, FRASER Ltd 0.06% of their portfolio MONTREAL, A8 171,123171.1k $10.0m $10.0m 0.06% Reduced -149 -149
85 Verition Fund Management LLC 0.06% of their portfolio GREENWICH, CT 167,146167.1k $9.8m $9.8m 0.06% Added +158.9k +158,901
86 Maytus Capital Management, LLC 1.77% of their portfolio NEW YORK, NY 163,727163.7k $9.6m $9.6m 1.77% Added +127.7k +127,738
87 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio COLUMBUS, OH 163,068163.1k $9.6m $9.6m 0.03% Reduced -32.5k -32,534
88 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 162,679162.7k $9.5m $9.5m 0.01% New
89 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 160,726160.7k $9.4m $9.4m 0.01% Reduced -129.2k -129,157
90 KBC Group NV 0.02% of their portfolio Brussels, C9 157,164157.2k $9.2m $9.2m 0.02% Added +18.4k +18,354
91 Triata Capital Ltd 1.67% of their portfolio HONG KONG, K3 146,000146.0k $8.6m $8.6m 1.67% New
92 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.45% of their portfolio SAN FRANCISCO, CA 144,003144.0k $8.4m $8.4m 0.45% Reduced -992 -992
93 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 135,772135.8k $8.0m $8.0m 0.00% Reduced -9.1k -9,054
94 U S GLOBAL INVESTORS INC 0.93% of their portfolio SAN ANTONIO, TX 134,738134.7k $7.9m $7.9m 0.93% Added +13.7k +13,745
95 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 133,719133.7k $7.8m $7.8m 0.00% Reduced -3.0m -3,046,611
96 THORNBURG INVESTMENT MANAGEMENT INC 0.10% of their portfolio SANTA FE, NM 133,239133.2k $7.8m $7.8m 0.10% Reduced -7.6k -7,586
97 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 133,121133.1k $7.8m $7.8m 0.01% Reduced -1.0m -1,046,163
98 Liontrust Investment Partners LLP 0.11% of their portfolio LONDON, X0 131,712131.7k $7.7m $7.7m 0.11% Unchanged
99 STRS OHIO 0.03% of their portfolio COLUMBUS, OH 128,834128.8k $7.6m $7.6m 0.03% Unchanged
100 ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio Boston, MA 128,163128.2k $7.5m $7.5m 0.02% Unchanged