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American Express Global Business Travel
GBTG

106 hedge funds and large institutions have $616M invested in American Express Global Business Travel in 2021 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 25 increasing their positions, 24 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

17% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 12

2% more funds holding

Funds holding: 104 → 106 (+2)

4% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 24

2% more capital invested

Capital invested by funds: $606M → $616M (+$9.74M)

Holders
106
Holders Change
+2
Holders Change %
+1.92%
% of All Funds
1.85%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
14
Increased
25
Reduced
24
Closed
12
Calls
$162M
Puts
–
Net Calls
+$162M
Net Calls Change
+$146M

Top Buyers

Rank Fund Capital Flow
1
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$5.68M
2
FTCM
Fir Tree Capital Management
New York
+$3.98M
3
Jane Street
Jane Street
New York
+$3.92M
4
FIG
Fortress Investment Group
New York
+$2.02M
5
OCM
Oribel Capital Management
New York
+$1.99M

Top Sellers

Rank Fund Capital Flow
1
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$7.14M
2
LCM
LH Capital Markets
New York
-$5.94M
3
LA
Linden Advisors
New York
-$4.92M
4
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$2.48M
5
SC
Sculptor Capital
New York
-$2.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
51
Rivernorth Capital Management
Florida
$1.96M – – –
WRBC
52
W.R. Berkley Corp
Connecticut
$1.95M – – –
AGM
53
Alpine Global Management
New York
$1.83M +$1.85M +187,500 New
JRCM
54
Jones Road Capital Management
New York
$1.58M +$118K +12,000 +8%
CL
55
CSS LLC
Illinois
$1.51M -$387K -39,319 -20%
GCIA
56
Gabelli & Co Investment Advisers
New York
$1.5M – – –
GF
57
Gabelli Funds
New York
$1.48M – – –
LPL Financial
58
LPL Financial
California
$1.47M -$129K -13,093 -8%
DCM
59
Dupont Capital Management
Delaware
$1.47M – – –
TD Asset Management
60
TD Asset Management
Ontario, Canada
$1.47M – – –
ACA
61
Arena Capital Advisors
California
$1.45M +$375K +38,122 +35%
Morgan Stanley
62
Morgan Stanley
New York
$1.37M +$245K +24,924 +22%
Arrowstreet Capital
63
Arrowstreet Capital
Massachusetts
$1.32M +$113K +11,456 +9%
AA
64
AQR Arbitrage
Connecticut
$1.24M +$588K +59,700 +90%
GT
65
Glenmede Trust
Pennsylvania
$1.17M +$1.18M +119,442 New
CCM
66
Context Capital Management
California
$1.06M -$7.9K -802 -0.7%
CCM
67
CAAS Capital Management
New York
$1.04M +$1.05M +106,200 New
SCM
68
Segantii Capital Management
Hong Kong
$978K +$985K +100,000 New
SBLIC
69
Security Benefit Life Insurance Company
Kansas
$923K +$930K +94,410 New
LFF
70
Level Four Financial
Texas
$916K +$248K +25,200 +37%
SSA
71
Schonfeld Strategic Advisors
New York
$852K +$465K +47,247 +118%
NRCM
72
Northern Right Capital Management
Connecticut
$823K +$504K +51,177 +155%
CIM
73
Cowen Investment Management
New York
$734K – – –
SFM
74
Sphera Funds Management
Israel
$714K -$758K -76,945 -51%
Qube Research & Technologies (QRT)
75
Qube Research & Technologies (QRT)
United Kingdom
$594K +$598K +60,701 New
1 2
3
4 5

GBTG Hedge Fund Activity: Q2 2021 in Review

106 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q2 2021, worth a combined $616M — up 1.6% from $606M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new GBTG positions and 12 closed out — a net gain of 2 holders — while 25 added to existing stakes and 24 trimmed.

The largest buyer was D.E. Shaw & Co, adding an estimated $5.68M. The largest seller was Adage Capital Partners, cutting an estimated $7.14M.

  • 106 institutional investors held American Express Global Business Travel (GBTG) as of Q2 2021, up from 104 in Q1 2021.
  • Funds reported $616M of American Express Global Business Travel stock for Q2 2021, up 1.6% quarter-over-quarter.
  • 14 funds opened new American Express Global Business Travel positions in Q2 2021 and 12 closed out, a net change of +2 holders.
  • The largest American Express Global Business Travel buyer in Q2 2021 was D.E. Shaw & Co, an estimated $5.68M added.
  • The largest American Express Global Business Travel seller in Q2 2021 was Adage Capital Partners, an estimated $7.14M sold.

Based on aggregated 13F filings for Q2 2021.