Mason Hawkins' Southeastern Asset Management significantly reduced its stake in TripAdvisor (TRIP) by 50.88% during the second quarter of 2026. According to the firm's quarterly 13F filing, it sold approximately 2.34 million shares, decreasing its position to 2.26 million. This disclosure, filed with the SEC on August 14, reflects trades that occurred between April 1 and June 30, 2026.
The sale lowered the reported value of Southeastern's holding to $30.96 million and reduced the online travel company's weight in the firm's portfolio to 1.62%. The trading period coincided with TripAdvisor's announcement of a strategic shift, including the sale of its TheFork platform and a greater focus on its experiences business. For the quarter, TripAdvisor reported a 7% year-over-year decline in revenue from continuing operations.