American Express Global Business Travel
GBTG
55 hedge funds and large institutions have $429M invested in American Express Global Business Travel in 2023 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 14 increasing their positions, 8 reducing their positions, and 11 closing their positions.
127% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 11
104% more call options, than puts
Call options by funds: $359K | Put options by funds: $176K
75% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 8
31% more funds holding
Funds holding: 42 → 55 (+13)
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
12% more capital invested
Capital invested by funds: $383M → $429M (+$45.7M)
1.67% more ownership
Funds ownership: 83.21% → 84.88% (+1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$9.82M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.24M |
| 3 |
State Street
Boston,
Massachusetts
|
+$2.82M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.04M |
| 5 |
CCM
Carronade Capital Management
Darien,
Connecticut
|
+$1.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NM
Newtyn Management
New York
|
-$7M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$1.55M |
| 3 |
Millennium Management
New York
|
-$654K |
| 4 |
TCA
Taconic Capital Advisors
New York
|
-$444K |
| 5 |
ACA
Arena Capital Advisors
Los Angeles,
California
|
-$384K |
GBTG Hedge Fund Activity: Q2 2023 in Review
55 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q2 2023, worth a combined $429M — up 12% from $383M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new GBTG positions and 11 closed out — a net gain of 14 holders — while 14 added to existing stakes and 8 trimmed.
The largest buyer was BlackRock, adding an estimated $9.82M. The largest seller was Newtyn Management, cutting an estimated $7M.
- 55 institutional investors held American Express Global Business Travel (GBTG) as of Q2 2023, up from 42 in Q1 2023.
- Funds reported $429M of American Express Global Business Travel stock for Q2 2023, up 12% quarter-over-quarter.
- 25 funds opened new American Express Global Business Travel positions in Q2 2023 and 11 closed out, a net change of +14 holders.
- The largest American Express Global Business Travel buyer in Q2 2023 was BlackRock, an estimated $9.82M added.
- The largest American Express Global Business Travel seller in Q2 2023 was Newtyn Management, an estimated $7M sold.
Based on aggregated 13F filings for Q2 2023.