One of the largest investors in the world, which has stakes in the likes of Netflix, Apple and Amazon, has snapped up shares in On The Beach.
Fidelity Investments has acquired a 5.2% holding in the Manchester-headquartered online travel company, according to documents filed with the London Stock Exchange.
The US giant, which is headquartered in Boston, has stakes in more than 5,100 global companies.
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Its portfolio also includes Microsoft, Visa and PayPal.
Mawer Investment Management remains the largest institutional investor in On The Beach, with a holding of 12.3%.
Baillie Gifford & Co has a stake of 5.19% while AXA Investment Managers UK holds 4.9% of shares in On The Beach.
The move comes after On The Beach said in December that it is "well positioned" for 2022 despite its revenue falling by more than a third during its latest financial year.
The company posted a revenue of £21.2m for the 12 months to the end of September 2021, down from the £33.7m it posted during the same period in 2020.
It also confirmed that its pre-tax losses were cut from £46.3m to £36.7m.
