American Express Global Business Travel
GBTG
192 hedge funds and large institutions have $3.09B invested in American Express Global Business Travel in 2026 Q2 according to their latest regulatory filings, with 64 funds opening new positions, 72 increasing their positions, 31 reducing their positions, and 38 closing their positions.
132% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 31
68% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 38
67% more capital invested
Capital invested by funds: $1.85B → $3.09B (+$1.24B)
14% more funds holding
Funds holding: 169 → 192 (+23)
0.09% less ownership
Funds ownership: 63.35% → 63.26% (-0.09%)
40% less funds holding in top 10
Funds holding in top 10: 10 → 6 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NAM
Nexpoint Asset Management
Dallas,
Texas
|
+$65.6M |
| 2 |
GCL
Glazer Capital LLC
New York
|
+$41.5M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$39.3M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
+$35.7M |
| 5 |
SFM
Soros Fund Management
New York
|
+$27.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Redwood Capital Management
New York
|
-$88.8M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
-$77.4M |
| 3 |
AC
Attestor Capital
Grand Cayman,
Cayman Islands
|
-$48.6M |
| 4 |
MAC
Monarch Alternative Capital
New York
|
-$43.5M |
| 5 |
ACA
Anchorage Capital Advisors
New York
|
-$20.1M |
GBTG Hedge Fund Activity: Q2 2026 in Review
192 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q2 2026, worth a combined $3.09B — up 67% from $1.85B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new GBTG positions and 38 closed out — a net gain of 26 holders — while 72 added to existing stakes and 31 trimmed.
The largest buyer was Nexpoint Asset Management, opening a new position worth an estimated $65.6M. The largest seller was Redwood Capital Management, cutting an estimated $88.8M.
- 192 institutional investors held American Express Global Business Travel (GBTG) as of Q2 2026, up from 169 in Q1 2026.
- Funds reported $3.09B of American Express Global Business Travel stock for Q2 2026, up 67% quarter-over-quarter.
- 64 funds opened new American Express Global Business Travel positions in Q2 2026 and 38 closed out, a net change of +26 holders.
- The largest American Express Global Business Travel buyer in Q2 2026 was Nexpoint Asset Management, an estimated $65.6M added.
- The largest American Express Global Business Travel seller in Q2 2026 was Redwood Capital Management, an estimated $88.8M sold.
Based on aggregated 13F filings for Q2 2026.