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American Express Global Business Travel
GBTG

113 hedge funds and large institutions have $664M invested in American Express Global Business Travel in 2021 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 27 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 9

42% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 19

8% more capital invested

Capital invested by funds: $616M → $664M (+$48.4M)

7% more funds holding

Funds holding: 106 → 113 (+7)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
113
Holders Change
+7
Holders Change %
+6.6%
% of All Funds
1.98%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
16
Increased
27
Reduced
19
Closed
9
Calls
$15.3M
Puts
–
Net Calls
+$15.3M
Net Calls Change
-$146M

Top Buyers

Rank Fund Capital Flow
1
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$8.82M
2
GCL
Glazer Capital LLC
New York
+$8.72M
3
ACA
Arena Capital Advisors
California
+$8.19M
4
SRF
Silver Rock Financial
California
+$6.29M
5
Marshall Wace
Marshall Wace
United Kingdom
+$5.71M

Top Sellers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
-$8.12M
2
Millennium Management
Millennium Management
New York
-$4.27M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$2.85M
4
LPL Financial
LPL Financial
California
-$1.47M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$1.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
DFCM
51
Dark Forest Capital Management
Puerto Rico
$2.46M +$2.45M +251,131 +21,318%
MCM
52
Moore Capital Management
New York
$2.44M – – –
CL
53
CSS LLC
Illinois
$2.34M +$836K +85,825 +56%
BCM
54
Beryl Capital Management
California
$2.09M +$2.09M +214,045 New
OCM
55
Oribel Capital Management
New York
$1.97M – – –
Point72 Asset Management
56
Point72 Asset Management
Connecticut
$1.95M -$2.85M -292,184 -59%
AGC
57
Angelo Gordon & Co
New York
$1.95M – – –
MCP
58
Maso Capital Partners
Hong Kong
$1.95M – – –
CCFM
59
Cohen & Co Financial Management
New York
$1.93M +$1.93M +198,000 New
AGM
60
Alpine Global Management
New York
$1.83M – – –
GT
61
Glenmede Trust
Pennsylvania
$1.63M +$464K +47,607 +40%
JRCM
62
Jones Road Capital Management
New York
$1.58M – – –
GCIA
63
Gabelli & Co Investment Advisers
New York
$1.5M – – –
GF
64
Gabelli Funds
New York
$1.48M – – –
DCM
65
Dupont Capital Management
Delaware
$1.46M – – –
TD Asset Management
66
TD Asset Management
Ontario, Canada
$1.46M – – –
CCM
67
CAAS Capital Management
New York
$1.04M – – –
CCM
68
Context Capital Management
California
$1.03M -$26.3K -2,700 -2%
Morgan Stanley
69
Morgan Stanley
New York
$1.01M -$355K -36,449 -26%
SSA
70
Schonfeld Strategic Advisors
New York
$1M +$153K +15,700 +18%
SCM
71
Segantii Capital Management
Hong Kong
$976K – – –
DKCM
72
Davidson Kempner Capital Management
New York
$976K +$733K +75,206 +303%
LFF
73
Level Four Financial
Texas
$909K -$4.87K -500 -0.5%
NRCM
74
Northern Right Capital Management
Connecticut
$821K – – –
Susquehanna International Group
75
Susquehanna International Group
Pennsylvania
$724K +$242K +24,797 +50%
1 2
3
4 5

GBTG Hedge Fund Activity: Q3 2021 in Review

113 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q3 2021, worth a combined $664M — up 7.9% from $616M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new GBTG positions and 9 closed out — a net gain of 7 holders — while 27 added to existing stakes and 19 trimmed.

The largest buyer was D.E. Shaw & Co, adding an estimated $8.82M. The largest seller was AllianceBernstein, exiting entirely with an estimated $8.12M sold.

  • 113 institutional investors held American Express Global Business Travel (GBTG) as of Q3 2021, up from 106 in Q2 2021.
  • Funds reported $664M of American Express Global Business Travel stock for Q3 2021, up 7.9% quarter-over-quarter.
  • 16 funds opened new American Express Global Business Travel positions in Q3 2021 and 9 closed out, a net change of +7 holders.
  • The largest American Express Global Business Travel buyer in Q3 2021 was D.E. Shaw & Co, an estimated $8.82M added.
  • The largest American Express Global Business Travel seller in Q3 2021 was AllianceBernstein, an estimated $8.12M sold.

Based on aggregated 13F filings for Q3 2021.