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American Express Global Business Travel
GBTG

119 hedge funds and large institutions have $721M invested in American Express Global Business Travel in 2022 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 24 increasing their positions, 26 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,217% more call options, than puts

Call options by funds: $30.7M | Put options by funds: $2.33M

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

2% less capital invested

Capital invested by funds: $733M → $721M (-$11.8M)

8% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 26

3% less funds holding

Funds holding: 123 → 119 (-4)

17% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 23

Holders
119
Holders Change
-4
Holders Change %
-3.25%
% of All Funds
1.88%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
19
Increased
24
Reduced
26
Closed
23
Calls
$30.7M
Puts
$2.33M
Net Calls
+$28.4M
Net Calls Change
+$10.3M

Top Buyers

Rank Fund Capital Flow
1
TCA
Taconic Capital Advisors
New York
+$13.9M
2
Barclays
Barclays
United Kingdom
+$13.9M
3
HCM
Highbridge Capital Management
New York
+$13.4M
4
PCM
PAR Capital Management
Massachusetts
+$11M
5
Citadel Advisors
Citadel Advisors
Florida
+$8.47M

Top Sellers

Rank Fund Capital Flow
1
FBCM
Fort Baker Capital Management
California
-$19.2M
2
GCL
Glazer Capital LLC
New York
-$18M
3
DAM
DLD Asset Management
New York
-$17M
4
SI
Standard Investments
New York
-$12.3M
5
JP Morgan Chase
JP Morgan Chase
New York
-$11M
Name Holding Trade Value Shares
Change 		Change in
Stake
CC
51
Centiva Capital
New York
$2.58M +$1.62M +163,400 +170%
MCM
52
Moore Capital Management
New York
$2.49M – – –
OCM
53
Oribel Capital Management
New York
$2.41M – – –
JG
54
Jefferies Group
New York
$2.34M +$2.33M +235,018 New
Susquehanna International Group
55
Susquehanna International Group
Pennsylvania
$2.14M -$3.35M -338,512 -61%
UBS Group
56
UBS Group
Switzerland
$2.01M +$1.88M +189,620 +1,559%
Deutsche Bank
57
Deutsche Bank
Germany
$1.99M -$2.96M -299,200 -60%
AGC
58
Angelo Gordon & Co
New York
$1.99M – – –
MCP
59
Maso Capital Partners
Hong Kong
$1.99M – – –
PMAM
60
Picton Mahoney Asset Management
Ontario, Canada
$1.99M +$597K +60,285 +43%
ECU
61
Eisler Capital (UK)
United Kingdom
$1.99M – – –
KCM
62
Kawa Capital Management
Florida
$1.88M -$583K -58,959 -23%
JP Morgan Chase
63
JP Morgan Chase
New York
$1.73M -$11M -1,111,815 -86%
SIA
64
SkyView Investment Advisors
New Jersey
$1.71M +$1.44M +145,147 +543%
TCM
65
Tuttle Capital Management
Connecticut
$1.67M -$627K -63,352 -25%
JRCM
66
Jones Road Capital Management
New York
$1.61M – – –
Toronto Dominion Bank
67
Toronto Dominion Bank
Ontario, Canada
$1.56M – – –
DCM
68
Dupont Capital Management
Delaware
$1.49M – – –
TD Asset Management
69
TD Asset Management
Ontario, Canada
$1.49M – – –
GF
70
Gabelli Funds
New York
$1.25M -$169K -17,050 -12%
CL
71
CSS LLC
Illinois
$1.2M +$99K +10,000 +9%
SSA
72
Schonfeld Strategic Advisors
New York
$1.19M +$205K +20,737 +21%
GCIA
73
Gabelli & Co Investment Advisers
New York
$1.12M – – –
CCM
74
Carronade Capital Management
Connecticut
$1.1M +$1.1M +111,101 New
CCM
75
CAAS Capital Management
New York
$1.06M – – –
1 2
3
4 5

GBTG Hedge Fund Activity: Q1 2022 in Review

119 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q1 2022, worth a combined $721M — down 1.6% from $733M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of GBTG and 19 opened new positions — a net loss of 4 holders — while 26 trimmed existing stakes and 24 added.

The largest buyer was Taconic Capital Advisors, adding an estimated $13.9M. The largest seller was Fort Baker Capital Management, exiting entirely with an estimated $19.2M sold.

  • 119 institutional investors held American Express Global Business Travel (GBTG) as of Q1 2022, down from 123 in Q4 2021.
  • Funds reported $721M of American Express Global Business Travel stock for Q1 2022, down 1.6% quarter-over-quarter.
  • 19 funds opened new American Express Global Business Travel positions in Q1 2022 and 23 closed out, a net change of -4 holders.
  • The largest American Express Global Business Travel buyer in Q1 2022 was Taconic Capital Advisors, an estimated $13.9M added.
  • The largest American Express Global Business Travel seller in Q1 2022 was Fort Baker Capital Management, an estimated $19.2M sold.

Based on aggregated 13F filings for Q1 2022.