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American Express Global Business Travel
GBTG

119 hedge funds and large institutions have $721M invested in American Express Global Business Travel in 2022 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 24 increasing their positions, 26 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,217% more call options, than puts

Call options by funds: $30.7M | Put options by funds: $2.33M

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

2% less capital invested

Capital invested by funds: $733M → $721M (-$11.8M)

8% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 26

3% less funds holding

Funds holding: 123 → 119 (-4)

17% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 23

Holders
119
Holders Change
-4
Holders Change %
-3.25%
% of All Funds
1.88%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
19
Increased
24
Reduced
26
Closed
23
Calls
$30.7M
Puts
$2.33M
Net Calls
+$28.4M
Net Calls Change
+$10.3M

Top Buyers

Rank Fund Capital Flow
1
TCA
Taconic Capital Advisors
New York
+$13.9M
2
Barclays
Barclays
United Kingdom
+$13.9M
3
HCM
Highbridge Capital Management
New York
+$13.4M
4
PCM
PAR Capital Management
Massachusetts
+$11M
5
Citadel Advisors
Citadel Advisors
Florida
+$8.47M

Top Sellers

Rank Fund Capital Flow
1
FBCM
Fort Baker Capital Management
California
-$19.2M
2
GCL
Glazer Capital LLC
New York
-$18M
3
DAM
DLD Asset Management
New York
-$17M
4
SI
Standard Investments
New York
-$12.3M
5
JP Morgan Chase
JP Morgan Chase
New York
-$11M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$8.71M -$160K -16,207 -2%
Jane Street
27
Jane Street
New York
$8.64M -$6.57K -664 -0.1%
RCM
28
Radcliffe Capital Management
Pennsylvania
$7.43M – – –
CAC
29
Cowen and Company
New York
$7.37M +$7.33M +740,900 New
PSAMP
30
P. Schoenfeld Asset Management (PSAM)
New York
$7.37M -$3.05M -308,035 -29%
FTCM
31
First Trust Capital Management
Illinois
$7.03M +$3.97M +401,497 +132%
CM
32
Cohanzick Management
New York
$7M -$39.2K -3,960 -0.6%
RA
33
RiverPark Advisors
New York
$6.97M – – –
BCM
34
BlueCrest Capital Management
Jersey
$6.85M +$6.81M +688,339 New
TAL
35
TIG Advisors LLC
New York
$6.82M +$184K +18,562 +3%
CH
36
CVI Holdings
Delaware
$6.46M +$1.81M +183,062 +39%
BFM
37
Boothbay Fund Management
New York
$6.09M +$2.1M +212,594 +53%
RL
38
RPO LLC
Connecticut
$5.62M +$5.32M +537,934 +1,988%
SCC
39
Spring Creek Capital
Kansas
$5.11M -$696K -70,326 -12%
SRF
40
Silver Rock Financial
California
$5.04M -$2.2M -222,620 -31%
LCM
41
LH Capital Markets
New York
$4.97M -$4.95M -500,000 -50%
CCM
42
Candlestick Capital Management
Connecticut
$4.97M +$4.95M +500,000 New
AWG
43
Alpha Wave Global
New York
$4.51M +$4.49M +453,552 New
WRBC
44
W.R. Berkley Corp
Connecticut
$4.5M +$2.51M +253,677 +128%
IPCP
45
Iron Park Capital Partners
New York
$3.98M +$3.96M +400,000 New
ACA
46
Arena Capital Advisors
California
$3.92M -$2.42M -244,310 -38%
Alyeska Investment Group
47
Alyeska Investment Group
Illinois
$3.38M +$3.36M +339,318 New
PCM
48
Prelude Capital Management
New York
$3.02M – – –
OCAM
49
Owl Creek Asset Management
New York
$2.98M – – –
Verition Fund Management
50
Verition Fund Management
Connecticut
$2.65M – – –
1
2
3 4 5

GBTG Hedge Fund Activity: Q1 2022 in Review

119 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q1 2022, worth a combined $721M — down 1.6% from $733M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of GBTG and 19 opened new positions — a net loss of 4 holders — while 26 trimmed existing stakes and 24 added.

The largest buyer was Taconic Capital Advisors, adding an estimated $13.9M. The largest seller was Fort Baker Capital Management, exiting entirely with an estimated $19.2M sold.

  • 119 institutional investors held American Express Global Business Travel (GBTG) as of Q1 2022, down from 123 in Q4 2021.
  • Funds reported $721M of American Express Global Business Travel stock for Q1 2022, down 1.6% quarter-over-quarter.
  • 19 funds opened new American Express Global Business Travel positions in Q1 2022 and 23 closed out, a net change of -4 holders.
  • The largest American Express Global Business Travel buyer in Q1 2022 was Taconic Capital Advisors, an estimated $13.9M added.
  • The largest American Express Global Business Travel seller in Q1 2022 was Fort Baker Capital Management, an estimated $19.2M sold.

Based on aggregated 13F filings for Q1 2022.