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American Express Global Business Travel
GBTG

104 hedge funds and large institutions have $606M invested in American Express Global Business Travel in 2021 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

425% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 8

49% more funds holding

Funds holding: 70 → 104 (+34)

24% more capital invested

Capital invested by funds: $488M → $606M (+$118M)

4% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 26

Holders
104
Holders Change
+34
Holders Change %
+48.57%
% of All Funds
1.83%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
42
Increased
27
Reduced
26
Closed
8
Calls
$15.7M
Puts
–
Net Calls
+$15.7M
Net Calls Change
-$13.8M

Top Buyers

Rank Fund Capital Flow
1
GCL
Glazer Capital LLC
New York
+$22.8M
2
AC
Aristeia Capital
Connecticut
+$18.3M
3
MWNA
Marshall Wace North America
New York
+$18M
4
SI
Standard Investments
New York
+$13.1M
5
MC
MIG Capital
California
+$12.3M

Top Sellers

Rank Fund Capital Flow
1
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$10.2M
2
SC
Sculptor Capital
New York
-$9.12M
3
RIA
RP Investment Advisors
Ontario, Canada
-$8.97M
4
WAM
Weiss Asset Management
Massachusetts
-$7.24M
5
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$6.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
AGC
51
Angelo Gordon & Co
New York
$1.98M +$2.09M +200,000 New
MCP
52
Maso Capital Partners
Hong Kong
$1.98M +$2.09M +200,000 New
WRBC
53
W.R. Berkley Corp
Connecticut
$1.97M -$1.1M -104,954 -34%
CL
54
CSS LLC
Illinois
$1.91M -$3.12M -298,157 -61%
LPL Financial
55
LPL Financial
California
$1.61M +$1.71M +163,078 New
GCIA
56
Gabelli & Co Investment Advisers
New York
$1.52M -$294K -28,093 -15%
GF
57
Gabelli Funds
New York
$1.5M +$1.27M +120,872 +395%
MS
58
Maven Securities
Jersey
$1.49M +$1.57M +150,000 New
DCM
59
Dupont Capital Management
Delaware
$1.49M – – –
TD Asset Management
60
TD Asset Management
Ontario, Canada
$1.49M – – –
JRCM
61
Jones Road Capital Management
New York
$1.49M +$1.57M +150,000 New
SFM
62
Sphera Funds Management
Israel
$1.49M +$1.57M +150,000 New
HighTower Advisors
63
HighTower Advisors
Illinois
$1.31M -$2.05M -195,744 -60%
Arrowstreet Capital
64
Arrowstreet Capital
Massachusetts
$1.22M +$1.29M +123,491 New
Morgan Stanley
65
Morgan Stanley
New York
$1.14M +$145K +13,837 +14%
ACA
66
Arena Capital Advisors
California
$1.09M +$1.15M +110,000 New
CCM
67
Context Capital Management
California
$1.08M +$96.4K +9,200 +9%
CIM
68
Cowen Investment Management
New York
$743K +$786K +75,000 New
Susquehanna International Group
69
Susquehanna International Group
Pennsylvania
$705K +$745K +71,173 New
LFF
70
Level Four Financial
Texas
$678K +$717K +68,475 New
AA
71
AQR Arbitrage
Connecticut
$660K +$698K +66,669 New
JG
72
Jefferies Group
New York
$642K -$3.63M -346,688 -84%
Squarepoint
73
Squarepoint
New York
$599K +$634K +60,497 New
WAM
74
Wolverine Asset Management
Illinois
$563K -$1.33M -127,075 -69%
WCA
75
Waratah Capital Advisors
Ontario, Canada
$526K +$236K +22,504 +73%
1 2
3
4 5

GBTG Hedge Fund Activity: Q1 2021 in Review

104 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q1 2021, worth a combined $606M — up 24% from $488M a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new GBTG positions and 8 closed out — a net gain of 34 holders — while 27 added to existing stakes and 26 trimmed.

The largest buyer was Glazer Capital LLC, adding an estimated $22.8M. The largest seller was Adage Capital Partners, cutting an estimated $10.2M.

  • 104 institutional investors held American Express Global Business Travel (GBTG) as of Q1 2021, up from 70 in Q4 2020.
  • Funds reported $606M of American Express Global Business Travel stock for Q1 2021, up 24% quarter-over-quarter.
  • 42 funds opened new American Express Global Business Travel positions in Q1 2021 and 8 closed out, a net change of +34 holders.
  • The largest American Express Global Business Travel buyer in Q1 2021 was Glazer Capital LLC, an estimated $22.8M added.
  • The largest American Express Global Business Travel seller in Q1 2021 was Adage Capital Partners, an estimated $10.2M sold.

Based on aggregated 13F filings for Q1 2021.