American Express Global Business Travel
GBTG
39 hedge funds and large institutions have $271M invested in American Express Global Business Travel in 2022 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 15 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
78% more call options, than puts
Call options by funds: $1.84M | Put options by funds: $1.04M
25.59% more ownership
Funds ownership: 58.37% → 83.96% (+26%)
9% less funds holding
Funds holding: 43 → 39 (-4)
10% less capital invested
Capital invested by funds: $301M → $271M (-$30.3M)
27% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 15
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NM
Newtyn Management
New York
|
+$1.81M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.33M |
| 3 |
CCM
Carronade Capital Management
Darien,
Connecticut
|
+$1.04M |
| 4 |
BlackRock
New York
|
+$832K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$666K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alyeska Investment Group
Chicago,
Illinois
|
-$1.58M |
| 2 |
FBCM
Fort Baker Capital Management
Larkspur,
California
|
-$1.47M |
| 3 |
JP Morgan Chase
New York
|
-$517K |
| 4 |
Group One Trading
Chicago,
Illinois
|
-$488K |
| 5 |
CCM
Cobalt Capital Management
Short Hills,
New Jersey
|
-$327K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| – | -$6K | -940 | Closed |
|
|
ICM
52
Ionic Capital Management
New York
| – | +$20 | +3 | New |
|
GBTG Hedge Fund Activity: Q3 2022 in Review
39 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q3 2022, worth a combined $271M — down 10% from $301M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of GBTG and 11 opened new positions — a net loss of 4 holders — while 6 trimmed existing stakes and 13 added.
The largest buyer was Newtyn Management, adding an estimated $1.81M. The largest seller was Alyeska Investment Group, cutting an estimated $1.58M.
- 39 institutional investors held American Express Global Business Travel (GBTG) as of Q3 2022, down from 43 in Q2 2022.
- Funds reported $271M of American Express Global Business Travel stock for Q3 2022, down 10% quarter-over-quarter.
- 11 funds opened new American Express Global Business Travel positions in Q3 2022 and 15 closed out, a net change of -4 holders.
- The largest American Express Global Business Travel buyer in Q3 2022 was Newtyn Management, an estimated $1.81M added.
- The largest American Express Global Business Travel seller in Q3 2022 was Alyeska Investment Group, an estimated $1.58M sold.
Based on aggregated 13F filings for Q3 2022.