American Express Global Business Travel
GBTG
64 hedge funds and large institutions have $358M invested in American Express Global Business Travel in 2023 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
100% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 11
16% more funds holding
Funds holding: 55 → 64 (+9)
16% less capital invested
Capital invested by funds: $429M → $358M (-$70.7M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
21% less call options, than puts
Call options by funds: $96K | Put options by funds: $122K
70.87% less ownership
Funds ownership: 84.88% → 14.01% (-71%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$28.4M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$3.49M |
| 3 |
BlackRock
New York
|
+$2.96M |
| 4 |
DC
Dendur Capital
New York
|
+$2.64M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$6.8M |
| 2 |
HVCM
HG Vora Capital Management
New York
|
-$2.9M |
| 3 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$910K |
| 4 |
AI
AdvisorShares Investments
Bethesda,
Maryland
|
-$324K |
| 5 |
BC
Beaconlight Capital
New York
|
-$279K |
GBTG Hedge Fund Activity: Q3 2023 in Review
64 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q3 2023, worth a combined $358M — down 16% from $429M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new GBTG positions and 4 closed out — a net gain of 9 holders — while 22 added to existing stakes and 11 trimmed.
The largest buyer was Macquarie Group, opening a new position worth an estimated $28.4M. The largest seller was Vanguard Group, cutting an estimated $6.8M.
- 64 institutional investors held American Express Global Business Travel (GBTG) as of Q3 2023, up from 55 in Q2 2023.
- Funds reported $358M of American Express Global Business Travel stock for Q3 2023, down 16% quarter-over-quarter.
- 13 funds opened new American Express Global Business Travel positions in Q3 2023 and 4 closed out, a net change of +9 holders.
- The largest American Express Global Business Travel buyer in Q3 2023 was Macquarie Group, an estimated $28.4M added.
- The largest American Express Global Business Travel seller in Q3 2023 was Vanguard Group, an estimated $6.8M sold.
Based on aggregated 13F filings for Q3 2023.