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American Express Global Business Travel
GBTG

113 hedge funds and large institutions have $664M invested in American Express Global Business Travel in 2021 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 27 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 9

42% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 19

8% more capital invested

Capital invested by funds: $616M → $664M (+$48.4M)

7% more funds holding

Funds holding: 106 → 113 (+7)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
113
Holders Change
+7
Holders Change %
+6.6%
% of All Funds
1.98%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
16
Increased
27
Reduced
19
Closed
9
Calls
$15.3M
Puts
–
Net Calls
+$15.3M
Net Calls Change
-$146M

Top Buyers

Rank Fund Capital Flow
1
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$8.82M
2
GCL
Glazer Capital LLC
New York
+$8.72M
3
ACA
Arena Capital Advisors
California
+$8.19M
4
SRF
Silver Rock Financial
California
+$6.29M
5
Marshall Wace
Marshall Wace
United Kingdom
+$5.71M

Top Sellers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
-$8.12M
2
Millennium Management
Millennium Management
New York
-$4.27M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$2.85M
4
LPL Financial
LPL Financial
California
-$1.47M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$1.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
76
Wolverine Asset Management
Illinois
$594K +$36.8K +3,779 +7%
AA
77
AQR Arbitrage
Connecticut
$583K -$650K -66,669 -53%
Brown Advisory
78
Brown Advisory
Maryland
$537K +$536K +55,000 New
PP
79
Paloma Partners
Connecticut
$537K +$536K +55,000 New
COPPSERS
80
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$488K – – –
CS
81
Credit Suisse
Switzerland
$474K +$474K +48,595 New
Baird Financial Group
82
Baird Financial Group
Wisconsin
$468K – – –
GH
83
GAM Holding
Switzerland
$467K +$466K +47,839 New
WCA
84
Waratah Capital Advisors
Ontario, Canada
$445K +$9.97K +1,023 +2%
BCM
85
BCK Capital Management
Connecticut
$444K – – –
Qube Research & Technologies (QRT)
86
Qube Research & Technologies (QRT)
United Kingdom
$414K -$178K -18,259 -30%
MTIM
87
Marathon Trading Investment Management
Pennsylvania
$284K – – –
SIA
88
SkyView Investment Advisors
New Jersey
$261K +$261K +26,746 New
GCM
89
Granby Capital Management
Florida
$244K – – –
VCM
90
Venator Capital Management
Ontario, Canada
$244K – – –
Rockefeller Capital Management
91
Rockefeller Capital Management
New York
$241K +$242K +24,792 New
OFG
92
OTA Financial Group
New York
$200K +$200K +20,515 New
IAM
93
Ion Asset Management
Israel
$173K +$173K +17,710 New
PCM
94
Penserra Capital Management
California
$164K -$36.4K -3,730 -18%
UBS Group
95
UBS Group
Switzerland
$163K +$44.2K +4,536 +37%
CC
96
Centiva Capital
New York
$160K -$127K -12,995 -44%
HighTower Advisors
97
HighTower Advisors
Illinois
$149K -$29.2K -3,000 -16%
LCM
98
Landscape Capital Management
New Jersey
$144K +$143K +14,724 New
CI Investments Inc
99
CI Investments Inc
Ontario, Canada
$135K – – –
EIP
100
Easterly Investment Partners
Massachusetts
$122K – – –
1 2 3
4
5

GBTG Hedge Fund Activity: Q3 2021 in Review

113 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q3 2021, worth a combined $664M — up 7.9% from $616M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new GBTG positions and 9 closed out — a net gain of 7 holders — while 27 added to existing stakes and 19 trimmed.

The largest buyer was D.E. Shaw & Co, adding an estimated $8.82M. The largest seller was AllianceBernstein, exiting entirely with an estimated $8.12M sold.

  • 113 institutional investors held American Express Global Business Travel (GBTG) as of Q3 2021, up from 106 in Q2 2021.
  • Funds reported $664M of American Express Global Business Travel stock for Q3 2021, up 7.9% quarter-over-quarter.
  • 16 funds opened new American Express Global Business Travel positions in Q3 2021 and 9 closed out, a net change of +7 holders.
  • The largest American Express Global Business Travel buyer in Q3 2021 was D.E. Shaw & Co, an estimated $8.82M added.
  • The largest American Express Global Business Travel seller in Q3 2021 was AllianceBernstein, an estimated $8.12M sold.

Based on aggregated 13F filings for Q3 2021.