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American Express Global Business Travel
GBTG

104 hedge funds and large institutions have $606M invested in American Express Global Business Travel in 2021 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

425% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 8

49% more funds holding

Funds holding: 70 → 104 (+34)

24% more capital invested

Capital invested by funds: $488M → $606M (+$118M)

4% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 26

Holders
104
Holders Change
+34
Holders Change %
+48.57%
% of All Funds
1.83%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
42
Increased
27
Reduced
26
Closed
8
Calls
$15.7M
Puts
–
Net Calls
+$15.7M
Net Calls Change
-$13.8M

Top Buyers

Rank Fund Capital Flow
1
GCL
Glazer Capital LLC
New York
+$22.8M
2
AC
Aristeia Capital
Connecticut
+$18.3M
3
MWNA
Marshall Wace North America
New York
+$18M
4
SI
Standard Investments
New York
+$13.1M
5
MC
MIG Capital
California
+$12.3M

Top Sellers

Rank Fund Capital Flow
1
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$10.2M
2
SC
Sculptor Capital
New York
-$9.12M
3
RIA
RP Investment Advisors
Ontario, Canada
-$8.97M
4
WAM
Weiss Asset Management
Massachusetts
-$7.24M
5
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$6.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
COPPSERS
76
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$495K – – –
Baird Financial Group
77
Baird Financial Group
Wisconsin
$475K +$503K +48,000 New
BCM
78
BCK Capital Management
Connecticut
$450K +$476K +45,488 New
PCM
79
Penserra Capital Management
California
$426K +$242K +23,068 +115%
SSA
80
Schonfeld Strategic Advisors
New York
$395K +$418K +39,900 New
NRCM
81
Northern Right Capital Management
Connecticut
$326K -$2.69M -256,523 -89%
VCM
82
Venator Capital Management
Ontario, Canada
$311K +$262K +25,000 New
MTIM
83
Marathon Trading Investment Management
Pennsylvania
$288K +$305K +29,100 New
EAM
84
Exos Asset Management
New York
$229K +$240K +22,931 +13,179%
Mirae Asset Global Investments
85
Mirae Asset Global Investments
South Korea
$206K – – –
CLG
86
Cooperman Leon G
$200K +$209K +20,000 New
EC
87
EJF Capital
Virginia
$198K +$132K +12,642 +172%
SGCM
88
Sand Grove Capital Management
United Kingdom
$174K +$184K +17,600 New
PFMU
89
Privium Fund Management (UK)
United Kingdom
$148K +$157K +15,000 New
FIA
90
FNY Investment Advisers
New York
$146K -$1.14M -108,850 -88%
CI Investments Inc
91
CI Investments Inc
Ontario, Canada
$137K +$145K +13,800 New
VCM
92
Vivaldi Capital Management
Illinois
$129K +$31.4K +3,000 +30%
UBS Group
93
UBS Group
Switzerland
$125K +$130K +12,405 +6,203%
EIP
94
Easterly Investment Partners
Massachusetts
$124K -$131K -12,499 -50%
OAC
95
OMERS Administration Corp
Ontario, Canada
$119K +$126K +11,998 New
Royal Bank of Canada
96
Royal Bank of Canada
Ontario, Canada
$104K -$13.7K -1,306 -11%
DTL
97
Dynamic Technology Lab
Singapore
$99K -$209K -19,994 -67%
HA
98
Harbor Advisors
Florida
$99K +$105K +10,000 New
PAM
99
Panagora Asset Management
Massachusetts
$77K +$81.2K +7,755 New
Wells Fargo
100
Wells Fargo
California
$20K +$15.4K +1,466 +293%
1 2 3
4
5

GBTG Hedge Fund Activity: Q1 2021 in Review

104 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q1 2021, worth a combined $606M — up 24% from $488M a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new GBTG positions and 8 closed out — a net gain of 34 holders — while 27 added to existing stakes and 26 trimmed.

The largest buyer was Glazer Capital LLC, adding an estimated $22.8M. The largest seller was Adage Capital Partners, cutting an estimated $10.2M.

  • 104 institutional investors held American Express Global Business Travel (GBTG) as of Q1 2021, up from 70 in Q4 2020.
  • Funds reported $606M of American Express Global Business Travel stock for Q1 2021, up 24% quarter-over-quarter.
  • 42 funds opened new American Express Global Business Travel positions in Q1 2021 and 8 closed out, a net change of +34 holders.
  • The largest American Express Global Business Travel buyer in Q1 2021 was Glazer Capital LLC, an estimated $22.8M added.
  • The largest American Express Global Business Travel seller in Q1 2021 was Adage Capital Partners, an estimated $10.2M sold.

Based on aggregated 13F filings for Q1 2021.