Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Trip Com Group Ltd (TCOM)

321 + Investors. Track Smart Money conviction in TCOM. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -22
Streak
2Q ▼
Buyers last Q
47%

Smart Money Signals — TCOM

Based on 324 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their TCOM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 80% of 3.0Y peak

80% of all-time peak
324 funds currently hold this stock — 80% of the 3.0-year high of 404 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 9% fewer funds vs a year ago

fund count last 6Q
32 fewer hedge funds hold TCOM compared to a year ago (-9% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 47% buying

168 buying193 selling
Last quarter: 193 funds reduced or exited vs 168 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-8 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 54 → 60 → 50 → 42. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 17% medium ■ 18% new
212 out of 324 hedge funds have held TCOM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +3%, value -17%

Value
-16%
Shares
+3%
Last quarter: funds added +3% more shares while total portfolio value only changed -17%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

43 → 54 → 60 → 50 → 42 new funds/Q
New funds entering each quarter: 54 → 60 → 50 → 42. TCOM is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 69% veterans vs 19% newcomers

■ 69% veterans ■ 11% 1-2yr ■ 19% new
Entry-cohort mix of 357 holders: 248 (69%) are 2+ year veterans, 40 entered 1–2 years ago, and 69 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 61% AUM from top-100 funds

61% from top-100 AUM funds
54 of 321 holders are among the 100 largest funds by AUM, controlling 61% of total institutional value in TCOM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.6
out of 10
Low Exit Risk
Exit risk score 2.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — TCOM

In 2026 Q2, 168 hedge funds were net buyers of TCOM (42 opened a new position, 126 added to an existing one), while 193 reduced or exited (129 trimmed, 64 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 61% of total institutional value in TCOM is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -22 funds (more exits than new entries). Total institutional holders: 324.

Hedge Fund Ownership: TCOM

How many hedge funds hold TCOM — quarterly history vs. share price
Quarterly hedge fund ownership of TCOM vs. share price

Market Analysis: TCOM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TCOM

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Trip Com Group Ltd (TCOM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TCOM has moved relative to its sector benchmark (XLY) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 54d ago
TCOM
+15.7%
XLY
+0.6%

TCOM outperformed XLY by +15.1% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 9d ago
TCOM
+2.5%
XLY
-0.2%

Since the filing became public, TCOM outperformed XLY by +2.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 6 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
3.6
/ 10
conviction
Hedge Fund Positioning: TCOM
321 + Investors

Track Smart Money conviction in TCOM. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 321 346 -7.23%
13F Shares 157M 152M 3.43%
Total Value $6.11B $7.35B -16.89%
New Positions 42 50 -8
Increased Positions 112 121 -9
Closed Positions 64 81 -17
Reduced Positions 122 128 -6
Total Calls 12 15 -20.0%
Total Puts 24 21 14.29%
PUT/CALL Ratio 2.0 1.4 Bearish

Statistics: TCOM

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

321 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TCOM. Verified SEC 13F-HR filings.

QUARTER:
Top 25 TCOM holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Green Court Capital Management Ltd 13.62% 399,801 $15.9M
2 True Light Capital Pte. Ltd. 9.81% 373,751 $14.9M
3 ARGA Investment Management, LP 6.63% 6,527,204 $260.0M
4 Headwater Capital Co Ltd 4.82% 605,000 $24.1M
5 Perseverance Asset Management International 4.21% 1,034,085 $41.2M
6 Platinum Investment Management Ltd 3.45% 351,921 $14.0M
7 Triata Capital Ltd 3.41% 503,346 $20.1M
8 WIM INVESTMENT MANAGEMENT Ltd 3.37% 258,550 $10.3M
9 AI-Squared Management Ltd 2.16% 101,800 $4.1M
10 TB Alternative Assets Ltd. 1.84% 287,220 $11.4M
11 APEIRON CAPITAL Ltd 1.79% 70,000 $2.8M
12 Ruffer LLP 1.51% 1,075,096 $42.8M
13 Davis Selected Advisers 1.50% 8,761,371 $349.1M
14 Capstone Capital Management Ltd 1.32% 74,235 $3.0M
15 Cantillon Capital Management LLC 1.28% 214,242 $8.5M
16 Yiheng Capital Management, L.P. 1.21% 88,112 $3.5M
17 Sunstone Asset Management, LP 1.13% 26,300 $1.0M
18 Brilliance Asset Management Ltd 1.12% 95,211 $3.8M
19 PARUS FINANCE (UK) Ltd 0.99% 95,572 $3.8M
20 Tairen Capital Ltd 0.97% 274,227 $10.9M
21 Maytree Asset Management Ltd 0.83% 31,999 $1.3M
22 U S Global Investors Inc 0.67% 175,270 $7.0M
23 Fairtree Asset Management (Pty) Ltd 0.64% 41,944 $1.7M
24 Fore Capital, LLC 0.59% 50,000 $2.0M
25 Capital International Ltd /Ca/ 0.49% 373,232 $14.9M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Trip Com Group Ltd (TCOM)

What does the Smart Money Trend signal show for TCOM?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their TCOM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for TCOM?

More sellers than buyers — 47% buying: Last quarter: 193 funds reduced or exited vs 168 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for TCOM holders?

Elite ownership — 61% AUM from top-100 funds: 54 of 321 holders are among the 100 largest funds by AUM, controlling 61% of total institutional value in TCOM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held TCOM?

65% of holders stayed for 2+ years: 212 out of 324 hedge funds have held TCOM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Trip Com Group Ltd (TCOM) following the 2026 Q2 hedge fund 13F filings?

As of today, TCOM has moved +2.5% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.2% for the XLY sector ETF — an outperformance of +2.7%. Since the quarter end (June 30, 2026), TCOM has gained +15.7% vs +0.6% for XLY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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