American Express Global Business Travel
GBTG
42 hedge funds and large institutions have $383M invested in American Express Global Business Travel in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 9 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
1% less capital invested
Capital invested by funds: $388M → $383M (-$4.4M)
7% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 14
1.59% less ownership
Funds ownership: 84.8% → 83.21% (-1.6%)
7% less funds holding
Funds holding: 45 → 42 (-3)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
100% less call options, than puts
Call options by funds: $1K | Put options by funds: $206K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$6.38M |
| 2 |
CCM
Carronade Capital Management
Darien,
Connecticut
|
+$1.81M |
| 3 |
DC
Dendur Capital
New York
|
+$852K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$376K |
| 5 |
Millennium Management
New York
|
+$361K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sculptor Capital
New York
|
-$2.9M |
| 2 |
EMG
ETF Managers Group
Summit,
New Jersey
|
-$2.63M |
| 3 |
CC
Clearline Capital
New York
|
-$925K |
| 4 |
LP
LMR Partners
London,
United Kingdom
|
-$494K |
| 5 |
ICM
Ionic Capital Management
New York
|
-$327K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Simplex Trading
Chicago,
Illinois
| – | +$384 | +56 | New |
|
GBTG Hedge Fund Activity: Q1 2023 in Review
42 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q1 2023, worth a combined $383M — down 1.1% from $388M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of GBTG and 6 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 13 added.
The largest buyer was Hudson Bay Capital Management, opening a new position worth an estimated $6.38M. The largest seller was Sculptor Capital, exiting entirely with an estimated $2.9M sold.
- 42 institutional investors held American Express Global Business Travel (GBTG) as of Q1 2023, down from 45 in Q4 2022.
- Funds reported $383M of American Express Global Business Travel stock for Q1 2023, down 1.1% quarter-over-quarter.
- 6 funds opened new American Express Global Business Travel positions in Q1 2023 and 9 closed out, a net change of -3 holders.
- The largest American Express Global Business Travel buyer in Q1 2023 was Hudson Bay Capital Management, an estimated $6.38M added.
- The largest American Express Global Business Travel seller in Q1 2023 was Sculptor Capital, an estimated $2.9M sold.
Based on aggregated 13F filings for Q1 2023.