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American Express Global Business Travel

43 hedge funds and large institutions have $301M invested in American Express Global Business Travel in 2022 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 5 increasing their positions, 13 reducing their positions, and 97 closing their positions.

New
Increased
Maintained
Reduced
Closed

396% more call options, than puts

Call options by funds: $8.08M | Put options by funds: $1.63M

58.37% more ownership

Funds ownership: 0%58.37% (+58%)

40% more funds holding in top 10

Funds holding in top 10: 57 (+2)

58% less capital invested

Capital invested by funds: $721M → $301M (-$420M)

62% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 13

64% less funds holding

Funds holding: 11943 (-76)

78% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 97

Holders
43
Holders Change
-76
Holders Change %
-63.87%
% of All Funds
0.72%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.12%
New
21
Increased
5
Reduced
13
Closed
97
Calls
$8.08M
Puts
$1.63M
Net Calls
+$6.45M
Net Calls Change
-$21.9M
Name Holding Trade Value Shares
Change
Change in
Stake
Squarepoint
26
Squarepoint
New York
$122K +$169K +19,318 New
Rockefeller Capital Management
27
Rockefeller Capital Management
New York
$111K -$30.6K -3,494 -17%
UBS Group
28
UBS Group
Switzerland
$98K -$1.63M -186,223 -92%
VF
29
Virtu Financial
New York
$80K +$111K +12,622 New
CS
30
Credit Suisse
Switzerland
$69K +$95.5K +10,885 New
Walleye Capital
31
Walleye Capital
New York
$64K -$569K -64,861 -86%
PCM
32
Penserra Capital Management
California
$55K +$9.36K +1,067 +14%
Morgan Stanley
33
Morgan Stanley
New York
$31K +$16.1K +1,836 +59%
Simplex Trading
34
Simplex Trading
Illinois
$20K +$29.1K +3,323 New
TCM
35
Tuttle Capital Management
Connecticut
$19K -$1.49M -169,406 -91%
HNB
36
Huntington National Bank
Ohio
$19K
Bank of America
37
Bank of America
North Carolina
$12K -$255K -29,048 -94%
APA
38
American Portfolios Advisors
New York
$10.7K +$14.9K +1,700 New
Wells Fargo
39
Wells Fargo
California
$6K
Citigroup
40
Citigroup
New York
$6K +$8.24K +940 New
CG
41
Cutler Group
California
$1K -$6.15K -701 -70%
Marshall Wace
42
Marshall Wace
United Kingdom
-$60.8M -6,109,059 Closed
ECP
43
Empyrean Capital Partners
California
-$56.7M -5,696,981 Closed
Citadel Advisors
44
Citadel Advisors
Florida
-$24.5M -2,790,827 Closed
LA
45
Linden Advisors
New York
-$27.6M -2,777,512 Closed
Hudson Bay Capital Management
46
Hudson Bay Capital Management
Connecticut
-$26.2M -2,634,813 Closed
PC
47
Periscope Capital
Ontario, Canada
-$22.7M -2,282,244 Closed
MF
48
Magnetar Financial
Illinois
-$21.3M -2,143,637 Closed
FTCM
49
Fir Tree Capital Management
New York
-$21.3M -2,136,151 Closed
HSBC Holdings
50
HSBC Holdings
United Kingdom
-$21.2M -2,127,693 Closed

GBTG Hedge Fund Activity: Q2 2022 in Review

43 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q2 2022, worth a combined $301M — down 58% from $721M a quarter earlier.

Sellers outnumbered buyers: 97 funds closed out of GBTG and 21 opened new positions — a net loss of 76 holders — while 13 trimmed existing stakes and 5 added.

The largest buyer was Apollo Management Holdings, opening a new position worth an estimated $196M. The largest seller was Marshall Wace, exiting entirely with an estimated $60.8M sold.

  • 43 institutional investors held American Express Global Business Travel (GBTG) as of Q2 2022, down from 119 in Q1 2022.
  • Funds reported $301M of American Express Global Business Travel stock for Q2 2022, down 58% quarter-over-quarter.
  • 21 funds opened new American Express Global Business Travel positions in Q2 2022 and 97 closed out, a net change of -76 holders.
  • The largest American Express Global Business Travel buyer in Q2 2022 was Apollo Management Holdings, an estimated $196M added.
  • The largest American Express Global Business Travel seller in Q2 2022 was Marshall Wace, an estimated $60.8M sold.

Based on aggregated 13F filings for Q2 2022.