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American Express Global Business Travel

43 hedge funds and large institutions have $301M invested in American Express Global Business Travel in 2022 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 5 increasing their positions, 13 reducing their positions, and 97 closing their positions.

New
Increased
Maintained
Reduced
Closed

396% more call options, than puts

Call options by funds: $8.08M | Put options by funds: $1.63M

58.37% more ownership

Funds ownership: 0%58.37% (+58%)

40% more funds holding in top 10

Funds holding in top 10: 57 (+2)

58% less capital invested

Capital invested by funds: $721M → $301M (-$420M)

62% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 13

64% less funds holding

Funds holding: 11943 (-76)

78% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 97

Holders
43
Holders Change
-76
Holders Change %
-63.87%
% of All Funds
0.72%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.12%
New
21
Increased
5
Reduced
13
Closed
97
Calls
$8.08M
Puts
$1.63M
Net Calls
+$6.45M
Net Calls Change
-$21.9M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of Montreal
51
Bank of Montreal
Ontario, Canada
-$17.8M -1,779,554 Closed
Nomura Holdings
52
Nomura Holdings
Japan
-$17.3M -1,738,046 Closed
AC
53
Aristeia Capital
Connecticut
-$16.9M -1,700,331 Closed
Public Sector Pension Investment Board (PSP Investments)
54
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
-$14.9M -1,500,000 Closed
RCM
55
Rivernorth Capital Management
Florida
-$14.4M -1,442,298 Closed
TCA
56
Taconic Capital Advisors
New York
-$14.2M -1,425,350 Closed
Barclays
57
Barclays
United Kingdom
-$13.9M -1,400,252 Closed
HCM
58
Highbridge Capital Management
New York
-$13.5M -1,356,378 Closed
Adage Capital Partners
59
Adage Capital Partners
Massachusetts
-$11.5M -1,155,600 Closed
PCM
60
PAR Capital Management
Massachusetts
-$11.1M -1,111,000 Closed
TCM
61
Tenor Capital Management
New York
-$9.95M -1,000,000 Closed
WCMNY
62
Westchester Capital Management (New York)
New York
-$9.44M -948,237 Closed
D.E. Shaw & Co
63
D.E. Shaw & Co
New York
-$9.13M -918,012 Closed
WAM
64
Weiss Asset Management
Massachusetts
-$8.81M -885,153 Closed
Jane Street
65
Jane Street
New York
-$8.64M -868,020 Closed
RCM
66
Radcliffe Capital Management
Pennsylvania
-$7.43M -747,217 Closed
CAC
67
Cowen and Company
New York
-$7.37M -740,900 Closed
PSAMP
68
P. Schoenfeld Asset Management (PSAM)
New York
-$7.37M -740,200 Closed
FTCM
69
First Trust Capital Management
Illinois
-$7.03M -706,197 Closed
CM
70
Cohanzick Management
New York
-$7M -703,418 Closed
RA
71
RiverPark Advisors
New York
-$6.97M -700,868 Closed
BCM
72
BlueCrest Capital Management
Jersey
-$6.85M -688,339 Closed
TAL
73
TIG Advisors LLC
New York
-$6.82M -685,591 Closed
CH
74
CVI Holdings
Delaware
-$6.46M -649,521 Closed
BFM
75
Boothbay Fund Management
New York
-$6.09M -612,594 Closed

GBTG Hedge Fund Activity: Q2 2022 in Review

43 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q2 2022, worth a combined $301M — down 58% from $721M a quarter earlier.

Sellers outnumbered buyers: 97 funds closed out of GBTG and 21 opened new positions — a net loss of 76 holders — while 13 trimmed existing stakes and 5 added.

The largest buyer was Apollo Management Holdings, opening a new position worth an estimated $196M. The largest seller was Marshall Wace, exiting entirely with an estimated $60.8M sold.

  • 43 institutional investors held American Express Global Business Travel (GBTG) as of Q2 2022, down from 119 in Q1 2022.
  • Funds reported $301M of American Express Global Business Travel stock for Q2 2022, down 58% quarter-over-quarter.
  • 21 funds opened new American Express Global Business Travel positions in Q2 2022 and 97 closed out, a net change of -76 holders.
  • The largest American Express Global Business Travel buyer in Q2 2022 was Apollo Management Holdings, an estimated $196M added.
  • The largest American Express Global Business Travel seller in Q2 2022 was Marshall Wace, an estimated $60.8M sold.

Based on aggregated 13F filings for Q2 2022.