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

Carronade Capital 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
2025
Q4 		– Sell
-1,705,039
Closed -$13.8M – 32
2025
Q3 		$13.8M Sell
1,705,039
-906,825
-35% -$6.72M 0.32% 22
2025
Q2 		$16.5M Buy
2,611,864
+929,760
+55% +$5.97M 1.17% 13
2025
Q1 		$49.1M Sell
1,682,104
-1,287,154
-43% -$10.9M 2.75% 5
2024
Q4 		$27.6M Sell
2,969,258
-614,062
-17% -$5.24M 1.47% 13
2024
Q3 		$27.6M Buy
3,583,320
+383,249
+12% +$2.66M 1.81% 7
2024
Q2 		$21.1M Buy
3,200,071
+156,292
+5% +$959K 1.11% 12
2024
Q1 		$18.3M Buy
3,043,779
+43,779
+1% +$256K 1.15% 12
2023
Q4 		$19.4M Sell
3,000,000
-473,562
-14% -$2.7M 2.22% 7
2023
Q3 		$19.1M Buy
3,473,562
+176,404
+5% +$1.14M 2.81% 12
2023
Q2 		$23.8M Buy
3,297,158
+217,561
+7% +$1.48M 5.79% 8
2023
Q1 		$20.4M Buy
3,079,597
+264,269
+9% +$1.81M 8.27% 6
2022
Q4 		$19M Buy
2,815,328
+2,314,512
+462% +$12.7M 4.14% 11
2022
Q3 		$2.83M Buy
500,816
+156,141
+45% +$1.04M 0.32% 25
2022
Q2 		$2.17M Buy
344,675
+233,574
+210% +$2.05M 0.31% 21
2022
Q1 		$1.1M Buy
+111,101
New +$1.1M 0.08% 30

Other funds holding GBTG

AE
American Express New York $1.48B AUM 49.05% 1-Year Est. Return
AMH
Apollo Management Holdings New York $8.94B AUM 120.19% 1-Year Est. Return
RCM
Redwood Capital Management New York $927M AUM 153.64% 1-Year Est. Return
AM
Ares Management Los Angeles, California $2.29B AUM 0.27% 1-Year Est. Return
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
AC
Attestor Capital Grand Cayman, Cayman Islands $350M AUM
MAC
Monarch Alternative Capital New York $707M AUM 177.52% 1-Year Est. Return
ACA
Anchorage Capital Advisors New York $165M AUM 5.14% 1-Year Est. Return
Dimensional Fund Advisors
Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Carronade Capital Management's GBTG Position: Q4 2025 in Review

Carronade Capital Management sold out of American Express Global Business Travel (GBTG) in Q4 2025, closing a stake of 1,705,039 shares — an estimated $13.8M sold.

Carronade Capital Management first reported a position in GBTG in Q1 2022 and held it in 15 quarters. The position peaked at $49.1M in Q1 2025. 171 funds tracked by Wall St. Rank hold GBTG as of Q4 2025.

  • Carronade Capital Management reported no remaining American Express Global Business Travel position as of Q4 2025 after selling out during the quarter.
  • Carronade Capital Management sold 1,705,039 American Express Global Business Travel shares in Q4 2025, an estimated $13.8M.
  • Carronade Capital Management first reported a position in American Express Global Business Travel in Q1 2022 and held it in 15 quarters.
  • Carronade Capital Management's American Express Global Business Travel position peaked at $49.1M in Q1 2025.
  • 171 funds tracked by Wall St. Rank held American Express Global Business Travel as of Q4 2025.

Based on Carronade Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.