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

Dark Forest 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	-35,871	Closed	-$290K	–	1111
2025 Q3	$290K	Buy	+35,871	New	+$266K	0.01%	1035
2025 Q2	–	Sell	-86,321	Closed	-$627K	–	1299
2025 Q1	$627K	Buy	+86,321	New	+$728K	0.03%	856
2022 Q1	–	Sell	-293,728	Closed	-$2.9M	–	1455
2021 Q4	$2.9M	Buy	293,728 +41,419	+16%	+$408K	1.07%	15
2021 Q3	$2.46M	Buy	252,309 +251,131	+21,318%	+$2.45M	0.87%	21
2021 Q2	$12K	Buy	+1,178	New	+$11.6K	0.01%	614

Other funds holding GBTG

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

Ares Management Los Angeles, California $2.29B AUM 0.27% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

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 Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Dark Forest Capital Management's GBTG Position: Q4 2025 in Review

Dark Forest Capital Management sold out of American Express Global Business Travel (GBTG) in Q4 2025, closing a stake of 35,871 shares — an estimated $290K sold.

Dark Forest Capital Management first reported a position in GBTG in Q2 2021 and held it in 5 quarters. The position peaked at $2.9M in Q4 2021. 171 funds tracked by Wall St. Rank hold GBTG as of Q4 2025.

Dark Forest Capital Management reported no remaining American Express Global Business Travel position as of Q4 2025 after selling out during the quarter.
Dark Forest Capital Management sold 35,871 American Express Global Business Travel shares in Q4 2025, an estimated $290K.
Dark Forest Capital Management first reported a position in American Express Global Business Travel in Q2 2021 and held it in 5 quarters.
Dark Forest Capital Management's American Express Global Business Travel position peaked at $2.9M in Q4 2021.
171 funds tracked by Wall St. Rank held American Express Global Business Travel as of Q4 2025.

Based on Dark Forest Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.