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NASDAQ · Consumer Discretionary

Trip.com Group Ltd., ADR TCOM

Trip.com Group is an online travel platform operating Trip.com, Ctrip, Qunar, and Skyscanner. It provides accommodation, transportation, packaged tours, corporate travel, and travel-content services. The core variables are China outbound recovery, international expansion, hotel supply, take rates, marketing efficiency, and travel-cycle resilience.

Sources Trip.com annual reports annualreports.com
Business Services

Company profile

Business mix

  • Accommodation reservation: hotel and lodging bookings across China and global markets.
  • Transportation ticketing: air, rail, and other transport bookings connect travel demand to platform scale.
  • Packaged tours, corporate travel, and content: additional services broaden customer frequency and monetization.

Current key questions

  • Can outbound and international travel keep recovering without excessive marketing spend?
  • Do hotel supply, take rates, and cross-selling improve operating leverage?
  • How sensitive is demand to macro weakness, currency, visa rules, and geopolitical frictions?
Holders 2 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 7 FCF 6.67% Buyback -1.41%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Davis Advisors Chris Davis 1.5% $326.4M 2026-03-31
Greenwoods / Jinglin George Jiang 3.3% $129.7M 2026-03-31

Recent trading changes over the last 4 quarters

Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Net buyers 2 Last 4 13F filing periods
Net reducers 0 Last 4 13F filing periods
Unchanged holders 2 Share count unchanged
Increase amount $213.9M Estimated from net added shares
Reduction amount $0 Estimated from net reduced shares
Net share change / base shares +88.3% +4,296,396 / 4,862,997
Greenwoods / Jinglin George Jiang 4 filing periods
13F 2025-03-31 Filed 2025-05-14
New Shares - 13F value change +$24.4M
13F 2025-06-30 Filed 2025-08-08
Minor reduction Shares -1.6% 13F value change -$2.2M
13F 2025-09-30 Filed 2025-11-10
Sold out Shares -100.0% 13F value change -$22.1M
13F 2026-03-31 Filed 2026-05-08
New Shares - 13F value change +$129.7M
Settlement As of 13F 2026-03-31 · Filed 2026-05-08
Base shares 0 Last 4 periods +2,604,281 (New) Total shares 2,604,281 Value $129.7M
Davis Advisors Chris Davis 4 filing periods
13F 2025-06-30 Filed 2025-08-08
Minor increase Shares 1.8% 13F value change -$19.0M
13F 2025-09-30 Filed 2025-11-12
Minor reduction Shares -0.2% 13F value change +$81.4M
13F 2025-12-31 Filed 2026-02-02
Minor increase Shares 2.3% 13F value change -$8.2M
13F 2026-03-31 Filed 2026-05-07
Major increase Shares 29.7% 13F value change -$37.0M
Settlement As of 13F 2026-03-31 · Filed 2026-05-07
Base shares 4,862,997 Last 4 periods +1,692,115 (+34.8%) Total shares 6,555,112 Value $326.4M
HHLR Advisors / Hillhouse Lei Zhang 2 filing periods
13F 2025-03-31 Filed 2025-05-15
New Shares - 13F value change +$59.7M
13F 2025-06-30 Filed 2025-08-14
Sold out Shares -100.0% 13F value change -$59.7M
Settlement As of 13F 2025-06-30 · Filed 2025-08-14
Base shares 0 Last 4 periods +0 (New) Total shares 0 Value $0
Bridgewater Associates Ray Dalio 2 filing periods
13F 2025-03-31 Filed 2025-05-14
New Shares - 13F value change +$56.1M
13F 2025-06-30 Filed 2025-08-13
Sold out Shares -100.0% 13F value change -$56.1M
Settlement As of 13F 2025-06-30 · Filed 2025-08-13
Base shares 0 Last 4 periods +0 (New) Total shares 0 Value $0

Recent mentions

No public mentions.