Vault-13

TRIP COM GROUP LTD TCOM 0.75 06.15.29

NOTE 0.750% 6/1 · US DOMESTIC · CUSIP 89677QAB3

62 institutional holders +1 vs Q1 2026
4,000,1754.0m shares reported held*
$1.4bnreported value*
12 new 19 added 20 reduced 12 sold out net bought ≈ $11.4m (-41.6m 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. Holder counts are more reliable. Implied quarter-end price ≈ $341.75. Options: 0 managers hold calls (— notional), 1 hold puts ($1.4m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q2 25: 63Q3 25: 66Q4 25: 63Q1 26: 61Q2 26: 6262Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q2 202563
Q3 202566
Q4 202563
Q1 202661
Q2 202662

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 25: 37 bought or addedQ3 25: 21 cut or sold outQ3 25Q4 25: 17 bought or addedQ4 25: 30 cut or sold outQ4 25Q1 26: 30 bought or addedQ1 26: 27 cut or sold outQ1 26Q2 26: 31 bought or addedQ2 26: 32 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20253721
Q4 20251730
Q1 20263027
Q2 20263132

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $1.4mQ1 26P/C —Q2 26 calls: $0Q2 26 puts: $1.4mQ2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$0$1.4m—
Q2 2026$0$1.4m—

Biggest buyers

Opti Capital Management, LP New +39,500,000+39.5m
WOLVERINE ASSET MANAGEMENT LLC Added +38,500,000+38.5m
Verition Fund Management LLC Added +35,959,000+36.0m
Paloma Partners Management Co Added +31,081,000+31.1m
Balyasny Asset Management L.P. New +25,600,000+25.6m
Jain Global LLC New +18,500,000+18.5m
Davidson Kempner Capital Management LP Added +15,000,000+15.0m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +14,500,000+14.5m
STATE STREET CORP Added +7,900,000+7.9m
AQR Arbitrage LLC Added +7,860,000+7.9m

Biggest sellers

MILLENNIUM MANAGEMENT LLC Reduced -42,000,000-42.0m
Balyasny Asset Management L.P. Sold out -33,600,000-33.6m
UBS Group AG Reduced -21,992,000-22.0m
Mirabaud Asset Management (France) SAS Sold out -20,800,000-20.8m
WHITEBOX ADVISORS LLC Reduced -19,500,000-19.5m
Aequim Alternative Investments LP Reduced -15,000,000-15.0m
TWO SIGMA INVESTMENTS, LP Sold out -13,999,000-14.0m
LMR Partners LLP Reduced -12,200,000-12.2m
AMERIPRISE FINANCIAL INC Sold out -12,000,000-12.0m
Magnetar Financial LLC Reduced -10,980,000-11.0m

Biggest calls

None

Biggest puts

DEUTSCHE BANK AG\ Unchanged $1.4m1.4m 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.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WOLVERINE ASSET MANAGEMENT LLC 1.86% of their portfolio CHICAGO, IL 144,616,000144.6m $142.5m $142.5m 1.86% Added +38.5m +38,500,000
2 WHITEBOX ADVISORS LLC 1.78% of their portfolio MINNEAPOLIS, MN 112,232,000112.2m $110.5m $110.5m 1.78% Reduced -19.5m -19,500,000
3 SONA ASSET MANAGEMENT (US) LLC 3.50% of their portfolio NEW YORK, NY 95,000,00095.0m $93.6m $93.6m 3.50% Reduced -5.0m -5,000,000
4 AQR Arbitrage LLC 1.25% of their portfolio Greenwich, CT 88,745,00088.7m $87.6m $87.6m 1.25% Added +7.9m +7,860,000
5 Davidson Kempner Capital Management LP 1.18% of their portfolio New York, NY 75,000,00075.0m $73.8m $73.8m 1.18% Added +15.0m +15,000,000
6 Aequim Alternative Investments LP 1.15% of their portfolio MILL VALLEY, CA 75,000,00075.0m $74.0m $74.0m 1.15% Reduced -15.0m -15,000,000
7 Magnetar Financial LLC 0.53% of their portfolio EVANSTON, IL 58,445,00058.4m $57.7m $57.7m 0.53% Reduced -11.0m -10,980,000
8 Walleye Capital LLC 0.26% of their portfolio NEW YORK, NY 55,000,00055.0m $54.3m $54.3m 0.26% Reduced -3.5m -3,500,000
9 Verition Fund Management LLC 0.32% of their portfolio GREENWICH, CT 45,959,00046.0m $45.4m $45.4m 0.32% Added +36.0m +35,959,000
10 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 41,594,00041.6m $41.0m $41.0m 0.03% Reduced -42.0m -42,000,000
11 Paloma Partners Management Co 9.63% of their portfolio GREENWICH, CT 41,081,00041.1m $40.5m $40.5m 9.63% Added +31.1m +31,081,000
12 LMR Partners LLP 0.29% of their portfolio LONDON, X0 40,000,00040.0m $39.5m $39.5m 0.29% Reduced -12.2m -12,200,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 39,925,00039.9m $39.3m $39.3m 0.00% Added +7.9m +7,900,000
14 Opti Capital Management, LP 2.38% of their portfolio New York, NY 39,500,00039.5m $39.0m $39.0m 2.38% New
15 Calamos Advisors LLC 0.12% of their portfolio NAPERVILLE, IL 34,911,00034.9m $34.4m $34.4m 0.12% Unchanged
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 30,725,00030.7m $30.2m $30.2m 0.00% Added +6.3m +6,300,000
17 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.99% of their portfolio NEW YORK, NY 29,500,00029.5m $29.1m $29.1m 0.99% Added +14.5m +14,500,000
18 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 27,620,00027.6m $27.2m $27.2m 0.01% Reduced -4.0m -3,973,000
19 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 25,600,00025.6m $25.3m $25.3m 0.05% New
20 ADVENT CAPITAL MANAGEMENT /DE/ 0.57% of their portfolio NEW YORK, NY 25,331,00025.3m $25.0m $25.0m 0.57% Reduced -4.9m -4,868,000
21 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 23,059,00023.1m $22.8m $22.8m 0.00% Unchanged
22 Pinpoint Asset Management (Singapore) Pte. Ltd. 4.30% of their portfolio SINGAPORE, U0 21,500,00021.5m $21.2m $21.2m 4.30% Unchanged
23 M&G PLC 0.09% of their portfolio London, X0 19,142,00019.1m $18.8m $18.8m 0.09% Added +1.9m +1,916,000
24 Jain Global LLC 0.21% of their portfolio NEW YORK, NY 18,500,00018.5m $18.3m $18.3m 0.21% New
25 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 16,743,00016.7m $165.3k $165.3k 0.00% Reduced -27.0k -27,000
26 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 16,000,00016.0m $15.7m $15.7m 0.01% Added +2.0m +2,000,000
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 15,316,00015.3m $15.1m $15.1m 0.00% Reduced -2.5m -2,545,000
28 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 9,435,0009.4m $9.3m $9.3m 0.00% Reduced -7.0m -7,000,000
29 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 9,277,0009.3m $9.1m $9.1m 0.00% Added +500.0k +500,000
30 Jefferies Financial Group Inc. 0.08% of their portfolio NEW YORK, NY 8,663,0008.7m $8.5m $8.5m 0.08% Added +6.2m +6,172,000
31 Nykredit A/S 0.02% of their portfolio NORDHAVN, G7 8,000,0008.0m $7.9m $7.9m 0.02% First filing
32 Man Group plc 0.01% of their portfolio LONDON, X0 7,780,0007.8m $7.7m $7.7m 0.01% Added +1.2m +1,175,000
33 SHENKMAN CAPITAL MANAGEMENT INC 0.98% of their portfolio NEW YORK, NY 7,050,0007.0m $7.1m $7.1m 0.98% Added +6.0m +5,967,000
34 Fore Capital, LLC 7.20% of their portfolio New York, NY 5,500,0005.5m $5.4m $5.4m 7.20% Unchanged
35 CREDIT INDUSTRIEL ET COMMERCIAL 0.53% of their portfolio PARIS FRANCE, I0 5,000,0005.0m $4.9m $4.9m 0.53% Added +3.0m +3,000,000
36 PALISADE CAPITAL MANAGEMENT, LP 0.21% of their portfolio FORT LEE, NJ 4,800,0004.8m $4.7m $4.7m 0.21% New
37 SSI INVESTMENT MANAGEMENT LLC 0.26% of their portfolio Los Angeles, CA 4,500,0004.5m $4.4m $4.4m 0.26% New
38 BlueCrest Capital Management Ltd 0.19% of their portfolio ST HELIER, Y9 4,500,0004.5m $4.4m $4.4m 0.19% New
39 Amundi 0.00% of their portfolio Paris, I0 4,400,0004.4m $4.3m $4.3m 0.00% Reduced -5.5m -5,550,000
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,024,0004.0m $4.0m $4.0m 0.00% Reduced -9.0m -8,952,000
41 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 4,000,0004.0m $3.9m $3.9m 0.01% Added +1.0m +1,000,000
42 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 3,800,0003.8m $3.7m $3.7m 0.00% New
43 RWC Asset Management LLP 0.14% of their portfolio LONDON, X0 3,730,0003.7m $3.7m $3.7m 0.14% Added +257.0k +257,000
44 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,646,0003.6m $3.6m $3.6m 0.00% Added +2.2m +2,240,000
45 Lombard Odier Asset Management (Europe) Ltd 0.15% of their portfolio LONDON, X0 3,500,0003.5m $3.4m $3.4m 0.15% New
46 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,479,0003.5m $3.4m $3.4m 0.00% Reduced -140.0k -140,000
47 ZAZOVE ASSOCIATES LLC 0.24% of their portfolio INCLINE VILLAGE, NV 3,000,0003.0m $3.0m $3.0m 0.24% Added +1.6m +1,650,000
48 Groupe la Francaise 0.04% of their portfolio PARIS, I0 3,000,0003.0m $2.9m $2.9m 0.04% Unchanged
49 Jump Financial, LLC 0.02% of their portfolio Chicago, IL 2,500,0002.5m $2.5m $2.5m 0.02% Reduced -7.5m -7,500,000
50 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,735,0001.7m $1.7m $1.7m 0.00% Reduced -22.0m -21,992,000
51 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 1,389,0001.4m $1.4m $1.4m 0.00% New
52 AGF MANAGEMENT LTD 0.00% of their portfolio TORONTO, A6 1,000,0001.0m $984.5k $984.5k 0.00% Unchanged
53 FACTORIAL MANAGEMENT Ltd 27.26% of their portfolio HONG KONG, K3 1,000,0001.0m $986.1k $986.1k 27.26% Unchanged
54 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 800,000800.0k $789.2k $789.2k 0.00% Unchanged
55 WT Asset Management Ltd 0.01% of their portfolio HONG KONG, K3 699,000699.0k $687.9k $687.9k 0.01% Unchanged
56 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 391,000391.0k $385.7k $385.7k 0.00% New
57 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 288,000288.0k $284.2k $284.2k 0.00% Reduced -613.0k -613,000
58 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 86,10086.1k $8.5m $8.5m 0.00% New
59 Squarepoint Ops LLC 0.03% of their portfolio NEW YORK, NY 15,00015.0k $14.8m $14.8m 0.03% Reduced -500 -500
60 NINE MASTS CAPITAL Ltd 0.27% of their portfolio CENTRAL, K3 2,5002.5k $2.5m $2.5m 0.27% New
61 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 175175 $172.3k $172.3k 0.01% Reduced -25 -25
62 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Unchanged