Expedia Group, Inc.

EXPE • NASDAQ

Expedia Group, Inc. is a travel services company in the consumer cyclical sector on NASDAQ, led by Peter Kern, with a market cap of $33.6B. As of Q3 2025, 91% of shares are held by 980 institutional investors, with VANGUARD GROUP INC as the largest holder at 12.28%.

Chief Executive OfficerPeter Kern

Market Cap$33.6B

Travel Services

Consumer Cyclical

Employees17.1K

Websiteexpediagroup.com

Country

United States of America

Overview

Overview of institutional ownership in EXPE as of Q3 2025 with a market cap of $26.4B

All Institutions

Institutions: 980
Value Held: $24.1B
Shares Held: 112.9M
Avg Position: $24.6M
Median Position: $921.8K

Hedge Funds

Hedge Funds: 77
Value Held: $2.9B
Shares Held: 13.7M
Avg Position: $38.1M
Median Position: $3.2M

Ownership Breakdown

Institutional (non-HF)

80.22%

$21.2B

Hedge Funds

11.09%

$2.9B

Retail & Other

8.69%

$2.3B

Based on market cap of $26.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in EXPE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$3.2B 0.05% of portfolio	12.28% 15.2M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$2.1B 0.04% of portfolio	7.94% 9.8M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$1.2B 0.04% of portfolio	4.58% 5.7M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.0B 0.07% of portfolio	3.88% 4.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
W WINDACRE PARTNERSHIP LLC Institution	-	$787.0M 8.96% of portfolio	2.98% 3.7M shares	Q2 2024 Held for 1y 5m	$8.8B
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	David Gary Kabiller Founder	$779.3M 0.50% of portfolio	2.95% 3.6M shares	≤ Q2 2013 Held for 12y 5m+	$156.17B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$726.9M 0.05% of portfolio	2.76% 3.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$667.5M 0.11% of portfolio	2.52% 3.1M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	David Craig Brown CEO	$615.8M 0.39% of portfolio	2.33% 2.9M shares	Q3 2015 Held for 10y 2m	$158.22B
A ALKEON CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	Jennifer Wendy Shufro Managing Partner	$529.1M 2.41% of portfolio	2.00% 2.5M shares	Q1 2021 Held for 4y 8m	$22.0B

Net Capital Flow

Institutional buying and selling activity for EXPE in Q3 2025

Traded: +$268.1M
Buyers: 528
Sellers: 385
Total Bought: +$2.3B
Total Sold: −$2.1B
Avg Position: $22.7M

Biggest Buyers

Institution	Net Bought	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$385.0M +1.8M shares	$386.6M 1.8M shares
JPMORGAN CHASE & CO Institution	+$261.5M +1.2M shares	$1.0B 4.8M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$155.6M +728.1K shares	$779.3M 3.6M shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$82.9M +387.8K shares	$177.4M 829.9K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$79.7M +372.8K shares	$96.8M 452.9K shares
Toroso Investments, LLC ETF Provider	+$72.7M +340.1K shares	$76.4M 357.6K shares
W WINDACRE PARTNERSHIP LLC Institution	+$66.2M +309.9K shares	$787.0M 3.7M shares
N Nuveen, LLC Institution	+$61.9M +289.8K shares	$264.1M 1.2M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$59.2M +276.8K shares	$71.2M 333.3K shares
Invesco Ltd. ETF Provider	+$49.2M +230.2K shares	$667.5M 3.1M shares

Biggest Sellers

Institution	Net Sold	Current Position
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$158.7M −742.4K shares	$57.1M 267.1K shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$157.6M −737.2K shares	$615.8M 2.9M shares
Clearbridge Investments, LLC Long Only Manager	−$124.8M −584.0K shares	$94.0M 439.6K shares
P Pacer Advisors, Inc. Institution	−$103.6M −484.8K shares	$214.4M 1.0M shares
Q Qube Research & Technologies Ltd Institution	−$82.6M −489.9K shares	Sold Off 0 shares
FMR LLC Institution	−$63.6M −297.5K shares	$80.2M 375.3K shares
PRUDENTIAL FINANCIAL INC Institution	−$54.9M −257.1K shares	$14.2M 66.5K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	−$54.5M −323.2K shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$54.0M −252.8K shares	$2.1B 9.8M shares
F FIL Ltd Institution	−$47.0M −219.9K shares	$175.2M 819.5K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited EXPE in Q3 2025

New Positions: 70
New Value: $62.8M
Exited Positions: 85
Exited Value: $383.1M

New Positions

Institution	Position Value
A Annex Advisory Services, LLC Institution	$27.0M 126.1K shares
Ellsworth Advisors, LLC RIA/Wealth	$4.3M 19.8K shares
BNC WEALTH MANAGEMENT, LLC RIA/Wealth	$2.8M 13.1K shares
Vivid Wealth Management, LLC RIA/Wealth	$2.5M 11.8K shares
E Exit Wealth Advisors, LLC. RIA/Wealth	$2.1M 9.8K shares
C Cadent Capital Advisors, LLC RIA/Wealth	$1.6M 7.7K shares
44 WEALTH MANAGEMENT LLC RIA/Wealth	$1.4M 6.4K shares
VestGen Advisors, LLC RIA/Wealth	$1.3M 6.2K shares
FORMULA GROWTH LTD Hedge Fund•Long/Short	$1.2M 5.8K shares
M Maxi Investments CY Ltd Institution	$1.2M 5.7K shares

Exited Positions

Institution	Previous Position
Q Qube Research & Technologies Ltd Institution	$82.6M 489.9K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$54.5M 323.2K shares
V ValueAct Holdings, L.P. Institution	$47.0M 278.4K shares
B BI Asset Management Fondsmaeglerselskab A/S Institution	$33.1M 196.4K shares
M Meridiem Capital Partners LP Hedge Fund•Long/Short	$26.1M 154.9K shares
L Leith Wheeler Investment Counsel Ltd. Institution	$18.2M 108.0K shares
L LTS One Management LP Institution	$17.0M 101.0K shares
SORA INVESTORS LLC Hedge Fund•Long/Short	$13.3M 78.6K shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC Hedge Fund•Distressed	$11.5M 68.4K shares
PROSPECTOR PARTNERS LLC Hedge Fund•Long/Short	$10.7M 63.7K shares

Options Activity

Institutions with the largest Call and Put options positions in EXPE as of Q3 2025

Call Positions: 32
Call Value: $477.0M
Put Positions: 28
Put Value: $451.3M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$128.6M 6.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$106.9M 5.0K contracts
J JANE STREET GROUP, LLC Institution	$50.8M 2.4K contracts
W WOLVERINE TRADING, LLC Institution	$36.1M 1.6K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$29.3M 1.4K contracts
UBS Group AG Institution	$23.0M 1.1K contracts
BANK OF AMERICA CORP /DE/ Institution	$20.6M 966.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$12.7M 593.0 contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$10.7M 500.0 contracts
GOLDMAN SACHS GROUP INC Institution	$10.3M 481.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$142.0M 6.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$85.1M 4.0K contracts
UBS Group AG Institution	$34.3M 1.6K contracts
W WOLVERINE TRADING, LLC Institution	$33.9M 1.5K contracts
J JANE STREET GROUP, LLC Institution	$23.9M 1.1K contracts
H HSBC HOLDINGS PLC Institution	$16.2M 762.0 contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$13.3M 6.2 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$12.8M 598.0 contracts
Walleye Trading LLC RIA/Wealth	$11.2M 522.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$10.9M 511.0 contracts

Most Committed Institutions

Institutions with EXPE as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
P PAR CAPITAL MANAGEMENT INC Hedge Fund•Long/Short	William David Moeykens President	13.88% $470.3M	1.78% 2.2M shares	≤ Q2 2013 Held for 12y 5m+	$3.4B
R Ranmore Fund Management Ltd Institution	-	10.04% $32.9M	0.12% 154.0K shares	Q2 2025 Held for 5 months	$327.8M
W WINDACRE PARTNERSHIP LLC Institution	-	8.96% $787.0M	2.98% 3.7M shares	Q2 2024 Held for 1y 5m	$8.8B
H Hound Partners, LLC Hedge Fund•Long/Short	Douglas Edward Marks CFO	7.02% $48.4M	0.18% 226.4K shares	Q1 2025 Held for 8 months	$689.2M
GOODNOW INVESTMENT GROUP, LLC Hedge Fund•Long/Short	Peter John Gavey CCO	6.70% $73.7M	0.28% 344.9K shares	Q1 2024 Held for 1y 8m	$1.1B
P Permit Capital, LLC Fund of Funds	James Thomas Barossi President	5.49% $17.7M	0.07% 83.0K shares	Q1 2021 Held for 4y 8m	$323.3M
LYRICAL ASSET MANAGEMENT LP Private Equity	Andrew Brian Wellington CIO	5.09% $360.8M	1.36% 1.7M shares	Q2 2023 Held for 2y 5m	$7.1B
Stanley Capital Management, LLC Hedge Fund•Long/Short	Bret Wilson Stanley CCO	3.57% $21.7M	0.08% 101.6K shares	Q4 2024 Held for 11 months	$607.7M
SEIZERT CAPITAL PARTNERS, LLC Long Only Manager	David J Collon Managing Partner	2.57% $59.3M	0.22% 277.6K shares	Q2 2023 Held for 2y 5m	$2.3B
Westbourne Investment Advisors, Inc. RIA/Wealth	Joseph Christopher Wilkinson President	2.56% $9.2M	0.03% 42.8K shares	Q1 2021 Held for 4y 8m	$357.7M

Hedge Fund Spotlight

Discover hedge funds investing in EXPE

Advanced Portfolio Management, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerRobert Edward Kiernan

Portfolio Value: $39.6M
Positions: 126
Last Reported: Q3 2025

Sector Allocation

Position in Expedia Group, Inc.

Market Value: $2.6K
Shares Held: 12.0
Portfolio Weight: 0.01%
Owned Since: 2025-Q3

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