Melvin Capital’s Top 5 Stock Holdings

3. Expedia Group, Inc. (NASDAQ: EXPE)

Online travel company Expedia Group, Inc. (NASDAQ: EXPE) also struggled in 2020 due to restrictions on international traveling and tourism. However, Melvin Capital saw the underperformance as buying opportunity. The hedge fund has raised its position in online traveling company by 32% in the September quarter to 4.66% of the overall portfolio.

Shares of Expedia recovered strongly during the final quarter of 2020 amid the coronavirus vaccine discovery. The market analysts believe international traveling will take a longer time for complete stabilization.