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American Express Global Business Travel
GBTG

123 hedge funds and large institutions have $733M invested in American Express Global Business Travel in 2021 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 26 increasing their positions, 32 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

238% more call options, than puts

Call options by funds: $25.7M | Put options by funds: $7.58M

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

59% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 22

10% more capital invested

Capital invested by funds: $664M → $733M (+$68.9M)

9% more funds holding

Funds holding: 113 → 123 (+10)

19% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 32

Holders
123
Holders Change
+10
Holders Change %
+8.85%
% of All Funds
1.89%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.08%
New
35
Increased
26
Reduced
32
Closed
22
Calls
$25.7M
Puts
$7.58M
Net Calls
+$18.1M
Net Calls Change
+$2.73M

Top Buyers

Rank Fund Capital Flow
1
Marshall Wace
Marshall Wace
United Kingdom
+$37.6M
2
MF
Magnetar Financial
Illinois
+$21M
3
HSBC Holdings
HSBC Holdings
United Kingdom
+$18.4M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$17.5M
5
DAM
DLD Asset Management
New York
+$17.2M

Top Sellers

Rank Fund Capital Flow
1
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
-$24.6M
2
GCL
Glazer Capital LLC
New York
-$22.6M
3
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$19.1M
4
FC
Finepoint Capital
Massachusetts
-$18.5M
5
Millennium Management
Millennium Management
New York
-$11.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Verition Fund Management
51
Verition Fund Management
Connecticut
$2.63M -$1.54M -156,792 -37%
UOC
52
UBS O'Connor
Illinois
$2.6M -$1.86M -188,830 -42%
KCM
53
Kawa Capital Management
Florida
$2.48M +$2.47M +250,959 New
MCM
54
Moore Capital Management
New York
$2.47M – – –
OCM
55
Oribel Capital Management
New York
$2.41M +$438K +44,493 +22%
TCM
56
Tuttle Capital Management
Connecticut
$2.22M -$910K -92,510 -27%
ECU
57
Eisler Capital (UK)
United Kingdom
$1.98M +$1.97M +200,000 New
AGC
58
Angelo Gordon & Co
New York
$1.97M – – –
MCP
59
Maso Capital Partners
Hong Kong
$1.97M – – –
WRBC
60
W.R. Berkley Corp
Connecticut
$1.96M -$983K -99,890 -33%
GCWM
61
Graham Capital Wealth Management
District of Columbia
$1.88M +$1.87M +189,910 New
JRCM
62
Jones Road Capital Management
New York
$1.6M – – –
Toronto Dominion Bank
63
Toronto Dominion Bank
Ontario, Canada
$1.55M +$1.54M +156,705 New
DCM
64
Dupont Capital Management
Delaware
$1.48M – – –
TD Asset Management
65
TD Asset Management
Ontario, Canada
$1.48M – – –
GF
66
Gabelli Funds
New York
$1.41M -$85.6K -8,695 -6%
PMAM
67
Picton Mahoney Asset Management
Ontario, Canada
$1.38M -$2.59M -262,686 -65%
GCIA
68
Gabelli & Co Investment Advisers
New York
$1.11M -$406K -41,305 -27%
CL
69
CSS LLC
Illinois
$1.09M -$1.27M -128,892 -54%
CCM
70
CAAS Capital Management
New York
$1.05M – – –
ACM
71
Atalaya Capital Management
New York
$1.01M -$2.62M -265,986 -72%
DKCM
72
Davidson Kempner Capital Management
New York
$987K – – –
SCM
73
Segantii Capital Management
Hong Kong
$987K – – –
WMSA
74
Weiss Multi-Strategy Advisers
New York
$987K +$984K +100,000 New
SSA
75
Schonfeld Strategic Advisors
New York
$980K -$35.3K -3,584 -3%
1 2
3
4 5

GBTG Hedge Fund Activity: Q4 2021 in Review

123 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q4 2021, worth a combined $733M — up 10% from $664M a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new GBTG positions and 22 closed out — a net gain of 13 holders — while 26 added to existing stakes and 32 trimmed.

The largest buyer was Marshall Wace, adding an estimated $37.6M. The largest seller was Public Sector Pension Investment Board (PSP Investments), cutting an estimated $24.6M.

  • 123 institutional investors held American Express Global Business Travel (GBTG) as of Q4 2021, up from 113 in Q3 2021.
  • Funds reported $733M of American Express Global Business Travel stock for Q4 2021, up 10% quarter-over-quarter.
  • 35 funds opened new American Express Global Business Travel positions in Q4 2021 and 22 closed out, a net change of +13 holders.
  • The largest American Express Global Business Travel buyer in Q4 2021 was Marshall Wace, an estimated $37.6M added.
  • The largest American Express Global Business Travel seller in Q4 2021 was Public Sector Pension Investment Board (PSP Investments), an estimated $24.6M sold.

Based on aggregated 13F filings for Q4 2021.