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American Express Global Business Travel
GBTG

104 hedge funds and large institutions have $606M invested in American Express Global Business Travel in 2021 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

425% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 8

49% more funds holding

Funds holding: 70 → 104 (+34)

24% more capital invested

Capital invested by funds: $488M → $606M (+$118M)

4% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 26

Holders
104
Holders Change
+34
Holders Change %
+48.57%
% of All Funds
1.83%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
42
Increased
27
Reduced
26
Closed
8
Calls
$15.7M
Puts
–
Net Calls
+$15.7M
Net Calls Change
-$13.8M

Top Buyers

Rank Fund Capital Flow
1
GCL
Glazer Capital LLC
New York
+$22.8M
2
AC
Aristeia Capital
Connecticut
+$18.3M
3
MWNA
Marshall Wace North America
New York
+$18M
4
SI
Standard Investments
New York
+$13.1M
5
MC
MIG Capital
California
+$12.3M

Top Sellers

Rank Fund Capital Flow
1
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$10.2M
2
SC
Sculptor Capital
New York
-$9.12M
3
RIA
RP Investment Advisors
Ontario, Canada
-$8.97M
4
WAM
Weiss Asset Management
Massachusetts
-$7.24M
5
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$6.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
TAL
26
TIG Advisors LLC
New York
$6.76M +$4.54M +433,797 +174%
LCM
27
LH Capital Markets
New York
$5.94M +$6.28M +600,000 New
SCC
28
Spring Creek Capital
Kansas
$5.78M -$165K -15,740 -3%
CC
29
Carlson Capital
Texas
$5.17M +$6.76M +645,316 New
Point72 Asset Management
30
Point72 Asset Management
Connecticut
$5.01M +$5.3M +506,367 New
TCM
31
Tuttle Capital Management
Connecticut
$5M +$5.39M +514,804 +847%
FTCM
32
Fir Tree Capital Management
New York
$4.95M – – –
CH
33
CVI Holdings
Delaware
$4.95M +$5.24M +500,000 New
Verition Fund Management
34
Verition Fund Management
Connecticut
$4.7M +$2.35M +224,829 +90%
Jane Street
35
Jane Street
New York
$4.65M +$4.92M +469,413 New
UOC
36
UBS O'Connor
Illinois
$4.47M -$2.44M -232,613 -34%
D.E. Shaw & Co
37
D.E. Shaw & Co
New York
$4.47M +$4.73M +451,679 New
Deutsche Bank
38
Deutsche Bank
Germany
$4.26M +$1.89M +180,023 +72%
PMAM
39
Picton Mahoney Asset Management
Ontario, Canada
$3.98M -$2.28M -217,467 -35%
MI
40
MMCAP International
Cayman Islands
$3.66M -$1.36M -130,058 -26%
SRF
41
Silver Rock Financial
California
$3.62M +$3.82M +365,181 New
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
42
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$3.46M -$4.2M -400,999 -53%
ACM
43
Atalaya Capital Management
New York
$3.2M +$2.86M +273,322 +547%
OCAM
44
Owl Creek Asset Management
New York
$2.97M – – –
AC
45
Athanor Capital
New York
$2.94M +$3.11M +296,748 New
FTCM
46
First Trust Capital Management
Illinois
$2.92M -$108K -10,298 -3%
FIG
47
Fortress Investment Group
New York
$2.64M -$350K -33,390 -11%
MCM
48
Moore Capital Management
New York
$2.48M – – –
CIBC Private Wealth Group
49
CIBC Private Wealth Group
Georgia
$2.48M +$524K +50,000 +25%
RCM
50
Rivernorth Capital Management
Florida
$1.98M – – –
1
2
3 4 5

GBTG Hedge Fund Activity: Q1 2021 in Review

104 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q1 2021, worth a combined $606M — up 24% from $488M a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new GBTG positions and 8 closed out — a net gain of 34 holders — while 27 added to existing stakes and 26 trimmed.

The largest buyer was Glazer Capital LLC, adding an estimated $22.8M. The largest seller was Adage Capital Partners, cutting an estimated $10.2M.

  • 104 institutional investors held American Express Global Business Travel (GBTG) as of Q1 2021, up from 70 in Q4 2020.
  • Funds reported $606M of American Express Global Business Travel stock for Q1 2021, up 24% quarter-over-quarter.
  • 42 funds opened new American Express Global Business Travel positions in Q1 2021 and 8 closed out, a net change of +34 holders.
  • The largest American Express Global Business Travel buyer in Q1 2021 was Glazer Capital LLC, an estimated $22.8M added.
  • The largest American Express Global Business Travel seller in Q1 2021 was Adage Capital Partners, an estimated $10.2M sold.

Based on aggregated 13F filings for Q1 2021.