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Trip.com Group (TCOM): which funds own it

Consumer Discretionary →Data as of Jun 30, 2026 (Q2 2026) · updated on Nov 5, 2026

A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.

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17 concentrated managers hold it (−3 vs last quarter) with a median weight of 0.6%.

Who owns Trip.com Group?

Trip.com Group trades in the U.S. through ADRs, certificates that represent shares of a non-U.S. company. Form 13F counts ADRs while the company reports ordinary shares, so we do not compute percentages. Holders reporting more than 5% of the ordinary shares to the SEC (Schedules 13D/13G): BlackRock, 5.1% (13G filed Jan 30, 2025). As of Jun 30, 2026, the largest ADR holders reported on Form 13F were Capital World Investors (36.2 million ADRs), Morgan Stanley (12.9 million ADRs) and Sanders Capital (10.6 million ADRs).

Which institutions hold the most Trip.com Group shares?

Per Form 13F filings as of Jun 30, 2026, in ADRs:

  1. 1. Capital World Investors: 36.2 million ADRs
  2. 2. Morgan Stanley: 12.9 million ADRs
  3. 3. Sanders Capital: 10.6 million ADRs
  4. 4. Davis Selected Advisers: 8.8 million ADRs
  5. 5. ARGA Investment Management: 6.5 million ADRs
  6. 6. Capital International Investors: 6.1 million ADRs
  7. 7. JPMorgan Chase: 3.6 million ADRs
  8. 8. Robeco Institutional Asset Management B.V: 2.8 million ADRs
  9. 9. Legal & General Group: 2.6 million ADRs
  10. 10. D. E. Shaw: 2.6 million ADRs

Sources:13G by BlackRock (Jan 30, 2025) ↗All of the company's proxy statements on EDGAR ↗

We hold 13D and 13G filings made since Dec 23, 2024: a holder above 5% that has not filed since then does not appear here.

Trip.com Group revenue

Trip.com Group reported annual revenue of $8.93 billion for fiscal year 2025 (year ended December 31, 2025), according to its Form 20-F filed with the SEC (XBRL data).

Concentrated managers
17
All 13F: 320
Consensus
6/100
across 17 concentrated managersRanks by accumulation, portfolio weight and number of managers; it does not say more are buying than selling.
Price at Jun 30, 2026 (per 13F)
$39.84
-20.0% in the quarter · reported value ÷ shares, not the quote · See current quote ↗

Quarter flow (concentrated managers)

Change in managers (20 → 17): 1 opened · 4 exited = −3

Net flow in the quarter: −$280M (−7.0 M shares) · bought $15.4M and sold $295MShares concentrated managers added minus those they cut, valued at the 13F quarter-end implied price, not each trade's price. It is a different measure from the change in managers: the two can have opposite signs.

The set of concentrated managers changed between quarters: with the set as it was then, 17 held it last quarter (the chart point); with today's set, 20 (the base for the change).

Concentrated managers holding it

Up to 15, sorted by position value. The percentage is the weight in each manager's portfolio.

Largest holders of TCOM (all 13F filers)

The 10 13F filers with the most shares as of Jun 30, 2026, whatever their type (index firms usually come first). “Change”: shares added or cut versus the previous quarter, split-adjusted; “no data” = there is no comparable portfolio for the previous quarter (no filing, or a filing with its holdings under confidential treatment). “% of the company” only where shares outstanding are up to date. Entities of the same group file separately and some 13F filings include other managers: there may be double counting. With a free account: the top 25, the largest buyers and the largest sellers.

Fundamentals

12-month figures to Dec 31, 2025 · balance sheet as of Dec 31, 2025.

Profitability
Operating margin
25.3%
Net margin
53.4%
ROE
19.5%
Growth
Revenue (TTM)
$8.9 bn
Revenue growth
22.2%
Net income (TTM)
$4.8 bn
Balance sheet
Net debt / EBITDA
−2.5x
Free cash flow (TTM)
$1.9 bn
Quality vs sector
86/100

Net margin is above operating margin: net income includes gains that do not come from operations (for example, revaluation of investments). To judge the business, look at operating margin and free cash flow.

Figures from the statements the company filed with the SEC (10-K, 10-Q). Free cash flow = operating cash flow − capital expenditures; empty if the company does not report capex. “Quality vs sector”: 0 to 100, the average of its percentiles in ROE, operating margin, free-cash-flow margin, revenue and earnings growth and net debt / EBITDA (at least 3 needed) against companies in its sector above $300M. How each figure is calculated

Shares outstanding: buybacks and dilution

Diluted shares by fiscal year (split-adjusted)

2025: 698.4 M

698.4 M0
20162025

There is a jump that may be an undetected split: we do not show the changes.

Buybacks (FY 2025)
$629M
Share issuance
no data
Stock-based compensation
$325M3.6% of revenue
Dividends paid
$204M

From the statements the company filed with the SEC (10-K). The change compares average diluted shares of each fiscal year, on today's basis: negative = it bought back more than it issued; positive = dilution. “No data” = the company does not report that item under a tag we can read; it does not mean zero.

Earnings quality and debt

52.6% of net income does not come from operations.

Operating cash flow ÷ net income (12 months)
0.43
Interest coverage (operating income ÷ interest)
18.7 timesfiscal 2025
Debt due within 12 months
$2.8 bn0.27 times cash and investments

From the figures the company filed with the SEC. Cash flow over net income near or above 1 means earnings are collected in cash; far below, that part is accounting. Coverage says how many times operating income pays the latest fiscal year's interest. Maturities come from the debt note of the latest annual report, counted from its closing date. “No data” never means zero.

Insiders (Form 4)

Officers and directors who bought (6 m)
no data
Amount (6 m)
no data
CEO/CFO bought (12 m)
No

Open-market purchases, excluding 10b5-1 plans. Officers and directors only; joint filers of the same purchase count as one. 10% owners with no role are shown separately. 0 = nobody bought; “no data” = we do not have its Form 4 filings.

Each of the company's Form 4 filings, on EDGAR ↗Latest trades, with date and filing →

Above 5% (13D/13G)

Disclosed stakes, with their amendments. A filing is not always a purchase: there are also reductions and changes of filing entity.

This list may be incomplete: we hold 13D and 13G filings made since Dec 23, 2024. A holder above 5% that has not filed anything since then is not shown here.

Above 5% over time (13D/13G)

Each holder with its filings in order. History since December 2024.

This company filed no 8-K forms in the last year. Foreign companies listed in the US (ADRs) report material events on forms 6-K and 20-F, and ETFs and funds do not file 8-Ks. If it is a foreign company listed in the US through ADRs (American Depositary Receipts), what trades are bank-issued certificates that represent shares from its home market. See its filings on EDGAR ↗

Other Consumer Discretionary stocks in managers' portfolios

Same sector and a similar number of concentrated managers holding them. It is a list to keep exploring, not a recommendation.

All of Consumer Discretionary →

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