What smart money is saying about Trip.com
TCOM
No fund has written a full thesis on Trip.com in our archive, but 4 fund letters report a position in it — most recently Platinium AM Platinum Funds in July 2026.
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4
Reported positions
0
Bought
0
Sold
5
Letters
Position history
Between Q2 2025 and Q3 2026, 4 fund letters reported a position in Trip.com, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 1 | 0 | 0 | 0 |
| Q2 2025 | 2 | 0 | 0 | 0 |
Fund activity · 4 positions
- July 2026
“the antitrust investigation into online travel agency, Trip.com, concluded, and the stock began recovering some the ground it lost during the investigation.”
Trip.com - June 2026
“As in the first quarter, businesses perceived to be vulnerable to potential AI disruption hurt performance, most notably IT services firm Globant and online travel platform Trip.com.”
Trip.com - June 2025
“• China-based Trip.com (TCOM), formerly known as Ctrip, is the world’s largest global travel platforms. Founded in 1999, the company offers a comprehensive, integrated platform on which travelers can make arrangements for lodging, transportation, packaged tours and other related services, including online advertising and financial services, as well as providing corporate travel management services. The company provides its services in China through its Ctrip and Qunar platforms and serves non-Chinese customers primarily thorough Trip.com and Skyscanner. China-related travel accounts for over 85% of revenue, but Trip.com is available in 24 languages and 35 local currencies while Skyscanner is available in over 50 countries and over 35 languages. Trip.com also holds equity interests in other leading travel sites, including Tongcheng-Elong, China’s third largest online travel agent (OTA), and MakeMyTrip, the largest OTA in India. A holding in the fund since the first quarter of 2020, Trip.com reported quarterly financial results that were fundamentally strong and above consensus expectations for revenue, adjusted operating profit, and earnings per share.”
Trip.com - June 2025
“The leading Chinese online travel agency Trip.com Group was down 14% in the first half of 2025 as margins disappointed, mainly due to its increased investment in its international Trip.com app.”
Trip.com
Also mentioned · 1
These funds discuss Trip.com — as a competitor, benchmark or comparable — without disclosing a position in it.
- June 2026
“Other stocks in the recent idea hopper have included Kratos (weapon components), Alnylam (RNA-inference therapeutics) and Meesho (Indian discount online commerce). We’ve also revisited Chinese online travel company Trip.com, a former LTGG holding.”
Trip.com
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