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American Express Global Business Travel
GBTG

113 hedge funds and large institutions have $664M invested in American Express Global Business Travel in 2021 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 27 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 9

42% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 19

8% more capital invested

Capital invested by funds: $616M → $664M (+$48.4M)

7% more funds holding

Funds holding: 106 → 113 (+7)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
113
Holders Change
+7
Holders Change %
+6.6%
% of All Funds
1.98%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
16
Increased
27
Reduced
19
Closed
9
Calls
$15.3M
Puts
–
Net Calls
+$15.3M
Net Calls Change
-$146M

Top Buyers

Rank Fund Capital Flow
1
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$8.82M
2
GCL
Glazer Capital LLC
New York
+$8.72M
3
ACA
Arena Capital Advisors
California
+$8.19M
4
SRF
Silver Rock Financial
California
+$6.29M
5
Marshall Wace
Marshall Wace
United Kingdom
+$5.71M

Top Sellers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
-$8.12M
2
Millennium Management
Millennium Management
New York
-$4.27M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$2.85M
4
LPL Financial
LPL Financial
California
-$1.47M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$1.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
FBCM
26
Fort Baker Capital Management
California
$8.24M – – –
RCM
27
Radcliffe Capital Management
Pennsylvania
$7.29M – – –
BCM
28
BlueCrest Capital Management
Jersey
$6.83M – – –
PSAMP
29
P. Schoenfeld Asset Management (PSAM)
New York
$6.83M – – –
TAL
30
TIG Advisors LLC
New York
$6.51M -$134K -13,746 -2%
SC
31
Sculptor Capital
New York
$5.92M +$281K +28,801 +5%
SCC
32
Spring Creek Capital
Kansas
$5.7M – – –
SRCM
33
Sage Rock Capital Management
New York
$5.29M +$5.28M +541,998 New
CC
34
Carlson Capital
Texas
$5.03M – – –
CH
35
CVI Holdings
Delaware
$4.88M – – –
Deutsche Bank
36
Deutsche Bank
Germany
$4.88M +$212K +21,779 +5%
FIG
37
Fortress Investment Group
New York
$4.61M – – –
UOC
38
UBS O'Connor
Illinois
$4.41M – – –
Verition Fund Management
39
Verition Fund Management
Connecticut
$4.13M – – –
PMAM
40
Picton Mahoney Asset Management
Ontario, Canada
$3.93M – – –
SBLIC
41
Security Benefit Life Insurance Company
Kansas
$3.85M +$2.92M +300,000 +318%
MI
42
MMCAP International
Cayman Islands
$3.61M – – –
ACM
43
Atalaya Capital Management
New York
$3.59M +$438K +44,946 +14%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
44
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$3.41M – – –
TCM
45
Tuttle Capital Management
Connecticut
$2.98M -$956K -98,115 -22%
OCAM
46
Owl Creek Asset Management
New York
$2.93M – – –
WRBC
47
W.R. Berkley Corp
Connecticut
$2.91M +$964K +98,910 +50%
FTCM
48
First Trust Capital Management
Illinois
$2.88M – – –
AC
49
Athanor Capital
New York
$2.82M -$74.1K -7,600 -3%
RCM
50
Rivernorth Capital Management
Florida
$2.68M +$731K +75,000 +38%
1
2
3 4 5

GBTG Hedge Fund Activity: Q3 2021 in Review

113 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q3 2021, worth a combined $664M — up 7.9% from $616M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new GBTG positions and 9 closed out — a net gain of 7 holders — while 27 added to existing stakes and 19 trimmed.

The largest buyer was D.E. Shaw & Co, adding an estimated $8.82M. The largest seller was AllianceBernstein, exiting entirely with an estimated $8.12M sold.

  • 113 institutional investors held American Express Global Business Travel (GBTG) as of Q3 2021, up from 106 in Q2 2021.
  • Funds reported $664M of American Express Global Business Travel stock for Q3 2021, up 7.9% quarter-over-quarter.
  • 16 funds opened new American Express Global Business Travel positions in Q3 2021 and 9 closed out, a net change of +7 holders.
  • The largest American Express Global Business Travel buyer in Q3 2021 was D.E. Shaw & Co, an estimated $8.82M added.
  • The largest American Express Global Business Travel seller in Q3 2021 was AllianceBernstein, an estimated $8.12M sold.

Based on aggregated 13F filings for Q3 2021.