Overview
- Loomis Sayles' Q2 2026 Global Growth Fund letter singled out Trip.com Group as a major long‑term travel platform in the fund's portfolio.
- The firm reported that Trip.com reduced the fund's quarterly return even as the fund maintained a long‑term, private‑equity style approach to high‑quality businesses.
- Trip.com's business spans Ctrip, Qunar, Trip.com and Skyscanner and includes equity stakes in Tongcheng‑Elong and MakeMyTrip, but more than 85% of its revenue ties to China‑related travel.
- Market data in the coverage show Trip.com trading near $46.11 a share with a market value around $29 billion, a one‑month gain of about 3% and roughly a 30% drop over the past 52 weeks.
- Hedge fund ownership fell from 46 reported portfolios to 38 and other mid‑2026 investor letters show managers are trimming crowded winners and favoring durable franchises, which frames Loomis Sayles' retained conviction.