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American Express Global Business Travel
GBTG

45 hedge funds and large institutions have $388M invested in American Express Global Business Travel in 2022 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 16 increasing their positions, 8 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

144% more call options, than puts

Call options by funds: $1.04M | Put options by funds: $425K

100% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 8

89% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 9

43% more capital invested

Capital invested by funds: $271M → $388M (+$117M)

15% more funds holding

Funds holding: 39 → 45 (+6)

0.84% more ownership

Funds ownership: 83.96% → 84.8% (+0.84%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

Holders
45
Holders Change
+6
Holders Change %
+15.38%
% of All Funds
0.72%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
17
Increased
16
Reduced
8
Closed
9
Calls
$1.04M
Puts
$425K
Net Calls
+$611K
Net Calls Change
-$196K

Top Buyers

Rank Fund Capital Flow
1
AMH
Apollo Management Holdings
New York
+$18.5M
2
CCM
Carronade Capital Management
Connecticut
+$12.7M
3
EMG
ETF Managers Group
New Jersey
+$6.24M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$6.12M
5
DC
Dendur Capital
New York
+$2.86M

Top Sellers

Rank Fund Capital Flow
1
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$2.35M
2
Millennium Management
Millennium Management
New York
-$1.58M
3
FBCM
Fort Baker Capital Management
California
-$918K
4
Boston Partners
Boston Partners
Massachusetts
-$474K
5
JP Morgan Chase
JP Morgan Chase
New York
-$335K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northern Trust
26
Northern Trust
Illinois
$241K +$86.8K +15,772 +79%
MCM
27
Moore Capital Management
New York
$169K +$138K +25,000 New
FIG
28
Fortress Investment Group
New York
$152K +$124K +22,565 New
Rockefeller Capital Management
29
Rockefeller Capital Management
New York
$134K +$13.2K +2,394 +14%
Group One Trading
30
Group One Trading
Illinois
$130K +$106K +19,259 New
Parallax Volatility Advisers
31
Parallax Volatility Advisers
California
$120K +$97.8K +17,764 New
VI
32
Vestcor Inc
New Brunswick, Canada
$117K +$95.3K +17,324 New
Susquehanna International Group
33
Susquehanna International Group
Pennsylvania
$108K +$88.3K +16,052 New
Jane Street
34
Jane Street
New York
$101K +$82.4K +14,978 New
UBS Group
35
UBS Group
Switzerland
$86.7K -$12.2K -2,224 -15%
CAC
36
Cowen and Company
New York
$77.3K +$63.1K +11,458 New
Morgan Stanley
37
Morgan Stanley
New York
$31.6K +$17.5K +3,172 +210%
Bank of America
38
Bank of America
North Carolina
$16.5K +$3.25K +591 +32%
ASN
39
Advisory Services Network
Georgia
$13.5K +$11K +2,000 New
JP Morgan Chase
40
JP Morgan Chase
New York
$10K -$335K -60,947 -98%
Wells Fargo
41
Wells Fargo
California
$7.66K +$303 +55 +5%
TRCT
42
Tower Research Capital (TRC)
New York
$1K -$24.5K -4,445 -97%
CG
43
Cutler Group
California
$1K -$2.75K -500 -72%
HNB
44
Huntington National Bank
Ohio
$7 -$16.5K -3,000 -100%
Alyeska Investment Group
45
Alyeska Investment Group
Illinois
– -$2.35M -414,507 Closed
FBCM
46
Fort Baker Capital Management
California
– -$918K -162,166 Closed
Boston Partners
47
Boston Partners
Massachusetts
– -$474K -83,795 Closed
WHC
48
Wulff, Hansen & Co
California
– -$77K -13,638 Closed
Citadel Advisors
49
Citadel Advisors
Florida
– -$61.9K -11,247 Closed
Simplex Trading
50
Simplex Trading
Illinois
– -$48.9K -8,884 Closed
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GBTG Hedge Fund Activity: Q4 2022 in Review

45 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q4 2022, worth a combined $388M — up 43% from $271M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new GBTG positions and 9 closed out — a net gain of 8 holders — while 16 added to existing stakes and 8 trimmed.

The largest buyer was Apollo Management Holdings, adding an estimated $18.5M. The largest seller was Alyeska Investment Group, exiting entirely with an estimated $2.35M sold.

  • 45 institutional investors held American Express Global Business Travel (GBTG) as of Q4 2022, up from 39 in Q3 2022.
  • Funds reported $388M of American Express Global Business Travel stock for Q4 2022, up 43% quarter-over-quarter.
  • 17 funds opened new American Express Global Business Travel positions in Q4 2022 and 9 closed out, a net change of +8 holders.
  • The largest American Express Global Business Travel buyer in Q4 2022 was Apollo Management Holdings, an estimated $18.5M added.
  • The largest American Express Global Business Travel seller in Q4 2022 was Alyeska Investment Group, an estimated $2.35M sold.

Based on aggregated 13F filings for Q4 2022.