What smart money is saying about Airbnb, Inc.
7 funds in our archive have pitched Airbnb, Inc., most recently Baron Real Estate Fund in September 2026.
Airbnb, Inc., along with its affiliated entities, manages a global digital marketplace. This platform seamlessly connects individuals, known as hosts, who wish to offer a variety of accommodations and unique local experiences, with guests seeking such services worldwide. Users can easily book anything from private rooms and primary residences to vacation homes through its online and mobile channels. Originally established as AirBed & Breakfast, Inc. in 2007, the company officially rebranded to Airbnb, Inc. in November 2010. Its corporate headquarters are situated in San Francisco, California.
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Position history
Between Q4 2024 and Q3 2026, 11 fund letters reported a position in Airbnb, Inc., with 2 buys (opened or added) and 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 0 | 1 |
| Q2 2026 | 3 | 0 | 0 | 1 |
| Q4 2025 | 2 | 0 | 1 | 1 |
| Q2 2025 | 2 | 1 | 0 | 1 |
| Q4 2024 | 2 | 1 | 0 | 3 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 11 positions · 4 moves
- September 2026
“Outside of AI, Thermo Fisher Scientific and Airbnb were also positive contributors.”
Airbnb, Inc. - September 2026
“Top Contributors and Detractors Top contributors to performance for the quarter Quarter End Market Cap ($B) Contribution to Return (%) Airbnb, Inc. 96.2 0.14 Mohawk Industries, Inc. 7.5 0.06 Procore Technologies, Inc. 7.9 0.05 Welltower Inc. 165.9 0.05 James Hardie Industries plc 14.7 0.02 Shares of Airbnb, Inc. performed well in the quarter following strong second quarter results that exceeded expectations and a confident outlook for sustained growth acceleration.”
Airbnb, Inc. - June 2026
Listed in Baron First Principles ETF’s reported holdings.
Airbnb, Inc. - June 2026
Listed in Baron Focused Growth Fund’s reported holdings.
Airbnb, Inc. - HoldsHIX Capital Geo FlagshipJune 2026
Listed in HIX Capital Geo Flagship’s reported holdings.
Airbnb, Inc. - December 2025
“The Strategy also closed positions in Netflix and T-Mobile US in communication services, Lenovo in IT, Starbucks and Airbnb in consumer discretionary, Tokio Marine, Marsh & McLennan and Sony Financial Group in financials as well as Argenx, Zai Lab and MoonLake Immunotherapeutics in health care.”
Airbnb, Inc. - HoldsAkreDecember 2025
Listed in Akre’s reported holdings.
Airbnb, Inc. - New positionMadison Large Cap FundJune 2025
“We initiated positions in Airbnb, CDW Corporation and Gartner and sold Berkshire Hathaway.”
Airbnb, Inc. - HoldsTitan Wealth Global Blue ChipJune 2025
Listed in Titan Wealth Global Blue Chip’s reported holdings.
Airbnb, Inc. - New positionHarris US Concentrated StrategyDecember 2024
“PORTFOLIO POSITIONING We initiated the following position(s) during the pe- riod: • Airbnb is an online marketplace to list, discover and book unique accommodations worldwide.”
Airbnb, Inc. - New positionHarris US Large Value StrategyDecember 2024
“We initiated the following position(s) during the pe- riod: • Airbnb is an online marketplace to list, discover and book unique accommodations worldwide.”
Airbnb, Inc.
Also mentioned · 3
These funds discuss Airbnb, Inc. as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedSageOne Investment Managers SLMPOctober 2026
“For example: • Airbnb has a larger market capitalization than Marriott despite owning virtually no hotels”
Airbnb, Inc. - MentionedKNA Capital Core Equity StrategySeptember 2026
“To illustrate a potential risk to major companies, a fellow investor recently shared on a podcast that he used Muse to sidestep the Airbnb platform to directly negotiate a rental with the property owner for a 60% discount to the Airbnb price. Airbnb may need to modify its business model in the face of this challenge, which could compromise any moat it’s dug around its castle.”
Airbnb, Inc. - MentionedHerford CapitalMarch 2025
“Peter Thiel – co-founder of PayPal and Palantir, and an early investor in Airbnb, Facebook, SpaceX, Stripe, Spotify, and Trade Republic, among others –”
Airbnb, Inc.
Fund coverage · 7 theses
- Baron Real Estate FundSeptember 2026
Airbnb operates a global travel marketplace and is seen as entering a durable multi-year growth re-acceleration driven by pricing tools, boutique hotels, and loyalty.
Read the full thesis - Baron Real Estate FundJune 2026
Airbnb, Inc. is a global asset-light travel platform with strong free cash flow, limited AI disruption risk, and a low valuation.
Read the full thesis - Artisan Value Equity StrategyDecember 2025
Airbnb is a category-leading, asset-light marketplace with a strong brand and moat, robust unit economics and net cash, where conservative expectations offer downside protection and upside optionality.
Read the full thesis - Madison Large Cap FundJune 2025
Airbnb is a leading player in the alternative accommodation market with strong growth potential, an excellent balance sheet, and an attractive investment opportunity due to recent share price declines.
Read the full thesis - Parnassus Value Equity FundDecember 2024
Airbnb is a leading platform for short-term and long-term rentals with strong profitability, innovative growth strategies, and an opportunity for investment amidst travel market fluctuations.
Read the full thesis - Harris US Concentrated StrategyDecember 2024
Airbnb is well-positioned for long-term growth in the attractive global travel market, leveraging strong network effects and management alignment with shareholders to create valuable services.
Read the full thesis - Nightview CapitalDecember 2024
Airbnb is uniquely positioned to capitalize on the growing demand for experience-driven travel through its scalable platform, strong financial discipline, and untapped expansion opportunities.
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