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Ares Management’s American Express Global Business Travel GBTG Stock Holding History

Ares Management’s Portfolio GBTG Stock Details GBTG Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$77.5M Hold
13,886,023
– – 5.11% 3
2025
Q4 		$106M Hold
13,886,023
– – 6.07% 2
2025
Q3 		$112M Hold
13,886,023
– – 5.09% 2
2025
Q2 		$87.5M Buy
13,886,023
+2,489,506
+22% +$16M 4.47% 3
2025
Q1 		$82.7M Hold
11,396,517
– – 5.08% 3
2024
Q4 		$106M Hold
11,396,517
– – 3.72% 3
2024
Q3 		$87.6M Buy
11,396,517
+512,478
+5% +$3.55M 2.43% 5
2024
Q2 		$71.8M Buy
10,884,039
+1,867,266
+21% +$11.5M 2.13% 5
2024
Q1 		$54.2M Hold
9,016,773
– – 1.24% 6
2023
Q4 		$58.2M Buy
9,016,773
+231,457
+3% +$1.32M 1.41% 6
2023
Q3 		$48.3M Buy
8,785,316
+109,748
+1% +$707K 1.25% 5
2023
Q2 		$62.7M Hold
8,675,568
– – 1.29% 6
2023
Q1 		$57.5M Hold
8,675,568
– – 3.18% 5
2022
Q4 		$58.6M Hold
8,675,568
– – 2.88% 5
2022
Q3 		$49.1M Hold
8,675,568
– – 2.28% 8
2022
Q2 		$54.7M Buy
+8,675,568
New +$76.1M 2.81% 5

Other funds holding GBTG

AE
American Express New York $880M AUM 23.13% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
AMH
Apollo Management Holdings New York $7.6B AUM 23.97% 1-Year Est. Return
RCM
Redwood Capital Management New York $674M AUM 99.78% 1-Year Est. Return
AC
Attestor Capital Grand Cayman, Cayman Islands $380M AUM
MAC
Monarch Alternative Capital New York $1.63B AUM 125.01% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
VPM
Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM
Dimensional Fund Advisors
Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return
ACA
Anchorage Capital Advisors New York $378M AUM 13.47% 1-Year Est. Return

Ares Management's GBTG Position: Q1 2026 in Review

Ares Management held its American Express Global Business Travel (GBTG) position steady in Q1 2026 at 13,886,023 shares worth $77.5M. The position accounts for 5.11% of the portfolio, ranked #3.

Ares Management first reported a position in GBTG in Q2 2022 and has held it in 16 quarters since. The position peaked at $112M in Q3 2025. 168 funds tracked by Wall St. Rank hold GBTG as of Q1 2026.

  • Ares Management held 13,886,023 shares of American Express Global Business Travel worth $77.5M as of Q1 2026.
  • Ares Management left its American Express Global Business Travel share count unchanged in Q1 2026.
  • American Express Global Business Travel made up 5.11% of Ares Management's portfolio in Q1 2026, its #3 holding.
  • Ares Management first reported a position in American Express Global Business Travel in Q2 2022 and has held it in 16 quarters since.
  • Ares Management's American Express Global Business Travel position peaked at $112M in Q3 2025.
  • 168 funds tracked by Wall St. Rank held American Express Global Business Travel as of Q1 2026.

Based on Ares Management's 13F filing for Q1 2026, filed 15 May 2026.