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American Express Global Business Travel

65 hedge funds and large institutions have $1.38B invested in American Express Global Business Travel in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 22 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

33% more funds holding in top 10

Funds holding in top 10: 68 (+2)

8% more funds holding

Funds holding: 6065 (+5)

1.05% more ownership

Funds ownership: 47.68%48.72% (+1%)

4% less capital invested

Capital invested by funds: $1.44B → $1.38B (-$52.2M)

23% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 22

34% less call options, than puts

Call options by funds: $107K | Put options by funds: $163K

Holders
65
Holders Change
+5
Holders Change %
+8.33%
% of All Funds
0.94%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.12%
New
12
Increased
17
Reduced
22
Closed
7
Calls
$107K
Puts
$163K
Net Calls
-$56K
Net Calls Change
-$185K
Name Holding Trade Value Shares
Change
Change in
Stake
California State Teachers Retirement System (CalSTRS)
51
California State Teachers Retirement System (CalSTRS)
California
$19.5K -$12.1K -2,067 -39%
AIP
52
Ameritas Investment Partners
Nebraska
$16K
Russell Investments Group
53
Russell Investments Group
United Kingdom
$14.4K +$12K +2,052 +607%
MLICM
54
Metropolitan Life Insurance Company (MetLife)
New York
$11.6K +$527 +90 +5%
Osaic Holdings
55
Osaic Holdings
Arizona
$9.02K
TRCT
56
Tower Research Capital (TRC)
New York
$8.02K -$31.1K -5,315 -80%
EC
57
EntryPoint Capital
New York
$7.19K +$7K +1,197 New
AB
58
Amalgamated Bank
New York
$7K -$20.4K -3,481 -76%
Simplex Trading
59
Simplex Trading
Illinois
$5K +$4.7K +803 +481%
Fidelity Investments
60
Fidelity Investments
Massachusetts
$2.37K +$1.35K +231 +142%
AF
61
Allworth Financial
California
$601
Nisa Investment Advisors
62
Nisa Investment Advisors
Missouri
$319
AWM
63
Avior Wealth Management
Nebraska
$36 +$35 +6 New
HNB
64
Huntington National Bank
Ohio
$7
Hudson Bay Capital Management
65
Hudson Bay Capital Management
Connecticut
-$3.9M -605,390 Closed
GCP
66
GSA Capital Partners
United Kingdom
-$458K -71,061 Closed
HF
67
HRT Financial
New York
-$329K -51,029 Closed
Mirae Asset Global Investments
68
Mirae Asset Global Investments
South Korea
-$110K -17,011 Closed
Susquehanna International Group
69
Susquehanna International Group
Pennsylvania
-$67K -11,444 Closed
MFS
70
Mirabella Financial Services
United Kingdom
-$73K -11,320 Closed
Wealth Enhancement Advisory Services
71
Wealth Enhancement Advisory Services
Minnesota
-$64.6K -10,023 Closed
Carson Wealth (CWM LLC)
72
Carson Wealth (CWM LLC)
Nebraska
+$234 +40 New

GBTG Hedge Fund Activity: Q1 2024 in Review

65 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q1 2024, worth a combined $1.38B — down 3.6% from $1.44B a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new GBTG positions and 7 closed out — a net gain of 5 holders — while 17 added to existing stakes and 22 trimmed.

The largest buyer was Beach Point Capital Management, opening a new position worth an estimated $41.4M. The largest seller was Hudson Bay Capital Management, exiting entirely with an estimated $3.9M sold.

  • 65 institutional investors held American Express Global Business Travel (GBTG) as of Q1 2024, up from 60 in Q4 2023.
  • Funds reported $1.38B of American Express Global Business Travel stock for Q1 2024, down 3.6% quarter-over-quarter.
  • 12 funds opened new American Express Global Business Travel positions in Q1 2024 and 7 closed out, a net change of +5 holders.
  • The largest American Express Global Business Travel buyer in Q1 2024 was Beach Point Capital Management, an estimated $41.4M added.
  • The largest American Express Global Business Travel seller in Q1 2024 was Hudson Bay Capital Management, an estimated $3.9M sold.

Based on aggregated 13F filings for Q1 2024.