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American Express Global Business Travel

55 hedge funds and large institutions have $429M invested in American Express Global Business Travel in 2023 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 14 increasing their positions, 8 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

127% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 11

104% more call options, than puts

Call options by funds: $359K | Put options by funds: $176K

75% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 8

31% more funds holding

Funds holding: 4255 (+13)

20% more funds holding in top 10

Funds holding in top 10: 56 (+1)

12% more capital invested

Capital invested by funds: $383M → $429M (+$45.7M)

1.67% more ownership

Funds ownership: 83.21%84.88% (+1.7%)

Holders
55
Holders Change
+13
Holders Change %
+30.95%
% of All Funds
0.86%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.09%
New
25
Increased
14
Reduced
8
Closed
11
Calls
$359K
Puts
$176K
Net Calls
+$183K
Net Calls Change
+$388K
Name Holding Trade Value Shares
Change
Change in
Stake
JP Morgan Chase
26
JP Morgan Chase
New York
$181K +$170K +25,021 New
Rockefeller Capital Management
27
Rockefeller Capital Management
New York
$176K +$18.8K +2,754 +13%
Deutsche Bank
28
Deutsche Bank
Germany
$137K +$129K +18,948 New
MIM
29
MetLife Investment Management
New Jersey
$129K +$121K +17,828 New
VI
30
Vestcor Inc
New Brunswick, Canada
$125K
Mirae Asset Global Investments
31
Mirae Asset Global Investments
South Korea
$123K +$116K +17,011 New
UBS Group
32
UBS Group
Switzerland
$120K +$104K +15,275 +1,166%
Invesco
33
Invesco
Georgia
$119K +$112K +16,478 New
Bank of America
34
Bank of America
North Carolina
$114K +$90.6K +13,297 +546%
AIG
35
American International Group
New York
$112K +$106K +15,532 New
Jane Street
36
Jane Street
New York
$106K -$94.9K -13,921 -49%
Wells Fargo
37
Wells Fargo
California
$104K +$90.2K +13,243 +1,166%
VOYA Investment Management
38
VOYA Investment Management
Georgia
$101K +$95.1K +13,950 New
Susquehanna International Group
39
Susquehanna International Group
Pennsylvania
$99K -$8.94K -1,312 -9%
Manulife (Manufacturers Life Insurance)
40
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$98.3K +$92.7K +13,597 New
New York State Common Retirement Fund
41
New York State Common Retirement Fund
New York
$96.2K +$90.6K +13,300 New
SSA
42
Schonfeld Strategic Advisors
New York
$86.3K -$142K -20,866 -64%
SO
43
STRS Ohio
Ohio
$83K +$78.4K +11,500 New
California State Teachers Retirement System (CalSTRS)
44
California State Teachers Retirement System (CalSTRS)
California
$77.6K +$73.2K +10,735 New
Citigroup
45
Citigroup
New York
$69.5K +$65.5K +9,609 New
Barclays
46
Barclays
United Kingdom
$46.7K +$44K +6,464 New
AB
47
Amalgamated Bank
New York
$35K +$33.3K +4,893 New
Legal & General Group
48
Legal & General Group
United Kingdom
$27.5K +$25.9K +3,806 New
AIP
49
Ameritas Investment Partners
Nebraska
$19.3K +$18.2K +2,665 New
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$19K +$18.7K +2,751 New

GBTG Hedge Fund Activity: Q2 2023 in Review

55 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q2 2023, worth a combined $429M — up 12% from $383M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new GBTG positions and 11 closed out — a net gain of 14 holders — while 14 added to existing stakes and 8 trimmed.

The largest buyer was BlackRock, adding an estimated $9.82M. The largest seller was Newtyn Management, cutting an estimated $7M.

  • 55 institutional investors held American Express Global Business Travel (GBTG) as of Q2 2023, up from 42 in Q1 2023.
  • Funds reported $429M of American Express Global Business Travel stock for Q2 2023, up 12% quarter-over-quarter.
  • 25 funds opened new American Express Global Business Travel positions in Q2 2023 and 11 closed out, a net change of +14 holders.
  • The largest American Express Global Business Travel buyer in Q2 2023 was BlackRock, an estimated $9.82M added.
  • The largest American Express Global Business Travel seller in Q2 2023 was Newtyn Management, an estimated $7M sold.

Based on aggregated 13F filings for Q2 2023.