Letters by company
Booking Holdings Inc.
7 letters discussing BKNG. Everything written about it on this site is on its ticker page.
- Night Watch Investment Management Q2 2026 Update Night Watch added FUTU aggressively, initiated Booking.com and Adyen, and trimmed exposure to cyclical memory beneficiaries as AI-related valuations rose. The firm argues that Dutch employment-tax rules limit stock-based compensation at internationally oriented companies, while Watches of Switzerland is resuming its Rolex-led consolidation playbook after US tariff relief. Q2 2026 WOSG $2.1BADYEY $31BBKNG $118B
- Polaris Capital Management Second Quarter 2026 Global Equity Composite Commentary Polaris Global Equity Composite added Adobe, Fujifilm, UniCredit, Cytokinetics and Booking Holdings while exiting MKS, HD Hyundai Electric, SKF and Daicel. It favors AI-memory beneficiaries and discounted cash-generative businesses, arguing that concentrated growth leadership has created value opportunities across international markets. SECOND QUARTER 2026 ADBE $90BBABA $270BBKNG $118B
- Vltava Fund Sport and Investing (Once Again) Vltava Fund sold Novo Nordisk as its outlook became too difficult to forecast and exited United Rentals after valuation compressed expected returns. It initiated Booking Holdings, AJ Bell, and Rightmove, favoring capital-light platforms with network effects, while warning that private credit’s weak transparency and liquidity mismatch could expose cyclical lending risks. 1/2026 AJB $3BBKNG $118BNVO $168B
- Fiduciary Management Q1 2026 Investment Strategy Outlook Fiduciary Management favors high-quality, discounted businesses with strong balance sheets as the Iran war disrupts energy markets and pressures cyclical holdings. It argues that housing repair and remodeling demand should recover, while AI concerns have created opportunities in Huron Consulting, Booking Holdings, and IMCD. Q1 2026 BKNG $118BHURN $2.5BIMCDY $6.5B
- Grey Owl Capital Management Fata Morgana Grey Owl Capital Management treated the fourth-quarter sell-off as a mirage rather than a bear-market signal, citing contained credit-spread widening and healthy market breadth. It used cash from Express Scripts, Zoe’s Kitchen and a TripAdvisor trim to raise equity exposure, adding Jefferies, Caesars, Allergan, Booking.com, MTUM and Labcorp while retaining Treasuries, gold and cash. fourth quarter of 2018 BKNG $118BCZR $6BJEF $10B
- Fairtree Asset Management Fairtree Global Equity Fund Q2 2026 commentary Fairtree Global Equity Fund added to Booking Holdings, Meta and TSMC, opened positions in Shibaura Mechatronics, Charles Schwab, Robinhood, LVMH, Sasol and Gold Fields, and exited several lower-conviction holdings. The portfolio favours technology over cyclical shares while retaining valuation discipline amid a momentum-led semiconductor rally. Q2 2026 —
- Giverny Capital Annual Letter to our Partners 2025 Giverny Capital sold CarMax after its turnaround faltered and exited Fiserv after leadership changes, weakened guidance and balance-sheet concerns raised risk. The firm retained Constellation Software, arguing its niche vertical software, embedded customer data and acquisition model remain resilient despite AI fears. It cautioned that AI infrastructure spending may produce poor early-investor economics. 2025 CNSWF $43BCNI $72BFISV $24B
