TRIP COM GROUP LTD TCOM
ADS · ADR · CUSIP 89677Q107 · ISIN US89677Q1076
Chinese provider of travel services
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersShanghai, People's Republic of China
- Founded1999
- Websitegroup.trip.com
- FilingsSEC EDGAR
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 312 |
| Q4 2022 | 334 |
| Q1 2023 | 363 |
| Q2 2023 | 344 |
| Q3 2023 | 354 |
| Q4 2023 | 328 |
| Q1 2024 | 350 |
| Q2 2024 | 367 |
| Q3 2024 | 387 |
| Q4 2024 | 403 |
| Q1 2025 | 405 |
| Q2 2025 | 357 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 155 | 178 |
| Q4 2023 | 128 | 208 |
| Q1 2024 | 180 | 167 |
| Q2 2024 | 189 | 176 |
| Q3 2024 | 201 | 174 |
| Q4 2024 | 185 | 208 |
| Q1 2025 | 196 | 204 |
| Q2 2025 | 145 | 246 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $200.2m | $325.1m | 1.62 |
| Q4 2024 | $242.8m | $284.9m | 1.17 |
| Q1 2025 | $145.2m | $185.0m | 1.27 |
| Q2 2025 | $132.7m | $198.5m | 1.50 |
Biggest buyers
| ARGA Investment Management, LP | Added | +1.8m |
| Invesco Ltd. | Added | +1.1m |
| Man Group plc | Added | +604.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +594.7k |
| Cantillon Capital Management LLC | Added | +520.4k |
| TWO SIGMA ADVISERS, LP | New | +512.4k |
| FEDERATED HERMES, INC. | Added | +398.5k |
| UBS Group AG | Added | +387.9k |
| Ardmore Road Asset Management LP | New | +350.0k |
| Intermede Investment Partners Ltd | Added | +341.4k |
Biggest sellers
| FMR LLC | Reduced | -16.9m |
| Mirae Asset Global Investments Co., Ltd. | Reduced | -12.8m |
| FIL Ltd | Reduced | -8.3m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -7.9m |
| Capital World Investors | Reduced | -7.0m |
| Capital Research Global Investors | Sold out | -3.9m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -3.5m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -3.0m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -2.9m |
| WASATCH ADVISORS LP | Sold out | -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.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution new · filed 2025-01-30 | 5.1% |
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
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 0.31% of their portfolio | 36.0m $2.1bn | Reduced -7.0m |
| MORGAN STANLEY 0.07% of their portfolio | 19.5m $1.1bn | Reduced -1.5m |
| FMR LLC 0.03% of their portfolio | 10.0m $587.4m | Reduced -16.9m |
| Sanders Capital, LLC 0.72% of their portfolio | 9.2m $539.8m | Reduced -254.4k |
| Capital International Investors 0.06% of their portfolio | 6.3m $371.9m | Reduced -450.7k |
| ARGA Investment Management, LP 9.70% of their portfolio | 6.0m $354.4m | Added +1.8m |
| Davis Selected Advisers 1.55% of their portfolio | 4.9m $290.2m | Added +86.5k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 4.9m $290.0m | Reduced -353.5k |
| Cantillon Capital Management LLC 1.39% of their portfolio | 4.1m $240.3m | Added +520.4k |
| Legal & General Group Plc 0.05% of their portfolio | 3.2m $190.5m | Reduced -44.7k |
| Invesco Ltd. 0.03% of their portfolio | 2.6m $151.5m | Added +1.1m |
| Fisher Asset Management, LLC 0.06% of their portfolio | 2.5m $148.4m | Reduced -235.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.14% of their portfolio | 2.5m $143.9m | Reduced -3.5m |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.4m $141.4m | Added +220.0k |
| Russell Investments Group, Ltd. 0.18% of their portfolio | 2.4m $140.0m | Added +1.0k |
| CoreView Capital Management Ltd 15.81% of their portfolio | 2.1m $121.1m | Reduced -1.7m |
| Intermede Investment Partners Ltd 3.29% of their portfolio | 1.7m $101.8m | Added +341.4k |
| Man Group plc 0.21% of their portfolio | 1.6m $95.4m | Added +604.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.6m $92.7m | Reduced -633.8k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 1.5m $89.5m | Reduced -831.5k |
| Amundi 0.03% of their portfolio | 1.5m $89.5m | Added +138.3k |
| Aspex Management (HK) Ltd 1.90% of their portfolio | 1.5m $87.5m | Unchanged |
| MARSHALL WACE, LLP 0.10% of their portfolio | 1.5m $86.3m | Added +41.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.07% of their portfolio | 1.5m $85.7m | Reduced -7.9m |
| BlackRock, Inc. 0.00% of their portfolio | 1.4m $81.6m | Reduced -230.7k |
| FEDERATED HERMES, INC. 0.14% of their portfolio | 1.3m $74.7m | Added +398.5k |
| UBS Group AG 0.01% of their portfolio | 1.2m $71.6m | Added +387.9k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 1.2m $71.3m | Reduced -31.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.2m $69.8m | Reduced -280.4k |
| Vontobel Holding Ltd. 0.22% of their portfolio | 1.1m $66.0m | Reduced -158.3k |
| FIL Ltd 0.06% of their portfolio | 1.1m $65.8m | Reduced -8.3m |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 1.0m $59.6m | Reduced -10.7k |
| Polar Capital Holdings Plc 0.31% of their portfolio | 1.0m $59.4m | Reduced -24.7k |
| Trivest Advisors Ltd 2.28% of their portfolio | 1.0m $58.6m | Reduced -640.0k |
| Robeco Institutional Asset Management B.V. 0.09% of their portfolio | 970.2k $56.9m | Reduced -425.1k |
| Temasek Holdings (Private) Ltd 0.22% of their portfolio | 953.9k $55.9m | Added +95.6k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 904.6k $53.0m | Reduced -913.5k |
| LOOMIS SAYLES & CO L P 0.06% of their portfolio | 859.3k $50.4m | Reduced -14.6k |
| C WorldWide Group Holding A/S 0.68% of their portfolio | 852.8k $50.0m | Reduced -449.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.05% of their portfolio | 823.9k $48.5m | Reduced -94.9k |
| MACKENZIE FINANCIAL CORP 0.06% of their portfolio | 787.0k $46.1m | Added +68.6k |
| NORGES BANK 0.01% of their portfolio | 770.9k $45.2m | Reduced -132.4k |
| SRS Investment Management, LLC 0.46% of their portfolio | 756.2k $44.3m | Unchanged |
| CIBC Private Wealth Group LLC 0.08% of their portfolio | 726.0k $42.6m | Added +26.5k |
| CAPITAL INTERNATIONAL SARL 0.77% of their portfolio | 679.2k $39.8m | Added +39.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 634.8k $37.2m | Added +594.7k |
| LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio | 594.8k $34.9m | Added +94.3k |
| JANE STREET GROUP, LLC 0.06% of their portfolio | 589.0k $34.5m | Reduced -220.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 574.2k $33.7m | Reduced -173.6k |
| MARTIN CURRIE LTD 1.25% of their portfolio | 555.6k $32.6m | Reduced -430.9k |
| Driehaus Capital Management LLC 0.26% of their portfolio | 545.9k $32.0m | Reduced -285.4k |
| PLATINUM INVESTMENT MANAGEMENT LTD 2.06% of their portfolio | 527.0k $30.9m | Reduced -150.3k |
| WCM INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 521.2k $30.6m | Reduced -83.2k |
| TWO SIGMA ADVISERS, LP 0.06% of their portfolio | 512.4k $30.0m | New |
| Tairen Capital Ltd 3.00% of their portfolio | 500.2k $29.3m | Added +162.2k |
| NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio | 483.6k $28.4m | Reduced -536.2k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 445.0k $26.1m | Reduced -383.8k |
| CAPITAL INTERNATIONAL LTD /CA/ 0.98% of their portfolio | 436.7k $25.6m | Added +25.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 408.4k $23.9m | Reduced -241.1k |
| DekaBank Deutsche Girozentrale 0.04% of their portfolio | 405.0k $23.5m | Unchanged |
| Headwater Capital Co Ltd 8.21% of their portfolio | 400.0k $23.5m | Reduced -600.0k |
| Capital International, Inc./CA/ 0.22% of their portfolio | 386.7k $22.7m | Reduced -368.9k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 5.19% of their portfolio | 384.9k $22.6m | Reduced -71.0k |
| Greenwoods Asset Management Hong Kong Ltd. 0.77% of their portfolio | 377.5k $22.1m | Reduced -6.0k |
| Handelsbanken Fonder AB 0.07% of their portfolio | 353.5k $20.7m | Reduced -5.2k |
| Ardmore Road Asset Management LP 1.70% of their portfolio | 350.0k $20.5m | New |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 345.7k $20.3m | Reduced -128.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 313.0k $18.4m | Reduced -159.4k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 300.6k $17.6m | Reduced -775.3k |
| AXA S.A. 0.05% of their portfolio | 296.8k $17.4m | Reduced -91.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 288.5k $16.9m | Reduced -6.6k |
| Green Court Capital Management Ltd 10.24% of their portfolio | 262.7k $15.5m | Reduced -537.9k |
| WIM INVESTMENT MANAGEMENT Ltd 5.04% of their portfolio | 258.6k $15.2m | Added +57.5k |
| APG Asset Management N.V. 0.04% of their portfolio | 246.4k $12.3m | Reduced -140.0k |
| CapitalatWork S.A. 0.40% of their portfolio | 224.3k $13.2m | Reduced -2.6k |
| SIH Partners, LLLP 1.23% of their portfolio | 220.8k $13.0m | Added +111.9k |
| Monolith Management Ltd 4.46% of their portfolio | 214.9k $12.6m | Added +15.2k |
| Maxi Investments CY Ltd 2.09% of their portfolio | 210.5k $12.3m | Unchanged |
| FRED ALGER MANAGEMENT, LLC 0.05% of their portfolio | 196.3k $11.5m | Reduced -45.5k |
| Boston Common Asset Management, LLC 0.31% of their portfolio | 187.8k $11.0m | Added +157 |
| AIA Group Ltd 0.24% of their portfolio | 186.3k $10.9m | Added +50.7k |
| M&G PLC 0.06% of their portfolio | 174.8k $10.3m | Reduced -76.5k |
| CITIGROUP INC 0.01% of their portfolio | 173.1k $10.2m | Reduced -136.3k |
| JARISLOWSKY, FRASER Ltd 0.06% of their portfolio | 171.1k $10.0m | Reduced -149 |
| Verition Fund Management LLC 0.06% of their portfolio | 167.1k $9.8m | Added +158.9k |
| Maytus Capital Management, LLC 1.77% of their portfolio | 163.7k $9.6m | Added +127.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio | 163.1k $9.6m | Reduced -32.5k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 162.7k $9.5m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 160.7k $9.4m | Reduced -129.2k |
| KBC Group NV 0.02% of their portfolio | 157.2k $9.2m | Added +18.4k |
| Triata Capital Ltd 1.67% of their portfolio | 146.0k $8.6m | New |
| OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.45% of their portfolio | 144.0k $8.4m | Reduced -992 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 135.8k $8.0m | Reduced -9.1k |
| U S GLOBAL INVESTORS INC 0.93% of their portfolio | 134.7k $7.9m | Added +13.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 133.7k $7.8m | Reduced -3.0m |
| THORNBURG INVESTMENT MANAGEMENT INC 0.10% of their portfolio | 133.2k $7.8m | Reduced -7.6k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 133.1k $7.8m | Reduced -1.0m |
| Liontrust Investment Partners LLP 0.11% of their portfolio | 131.7k $7.7m | Unchanged |
| STRS OHIO 0.03% of their portfolio | 128.8k $7.6m | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 128.2k $7.5m | Unchanged |