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American Express Global Business Travel
GBTG

123 hedge funds and large institutions have $733M invested in American Express Global Business Travel in 2021 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 26 increasing their positions, 32 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

238% more call options, than puts

Call options by funds: $25.7M | Put options by funds: $7.58M

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

59% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 22

10% more capital invested

Capital invested by funds: $664M → $733M (+$68.9M)

9% more funds holding

Funds holding: 113 → 123 (+10)

19% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 32

Holders
123
Holders Change
+10
Holders Change %
+8.85%
% of All Funds
1.89%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.08%
New
35
Increased
26
Reduced
32
Closed
22
Calls
$25.7M
Puts
$7.58M
Net Calls
+$18.1M
Net Calls Change
+$2.73M

Top Buyers

Rank Fund Capital Flow
1
Marshall Wace
Marshall Wace
United Kingdom
+$37.6M
2
MF
Magnetar Financial
Illinois
+$21M
3
HSBC Holdings
HSBC Holdings
United Kingdom
+$18.4M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$17.5M
5
DAM
DLD Asset Management
New York
+$17.2M

Top Sellers

Rank Fund Capital Flow
1
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
-$24.6M
2
GCL
Glazer Capital LLC
New York
-$22.6M
3
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$19.1M
4
FC
Finepoint Capital
Massachusetts
-$18.5M
5
Millennium Management
Millennium Management
New York
-$11.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
CC
76
Centiva Capital
New York
$951K +$788K +80,050 +490%
Simplex Trading
77
Simplex Trading
Illinois
$896K +$894K +90,829 New
NRCM
78
Northern Right Capital Management
Connecticut
$830K – – –
CCM
79
Context Capital Management
California
$796K -$246K -25,000 -24%
CIM
80
Cowen Investment Management
New York
$740K – – –
BCM
81
BCK Capital Management
Connecticut
$714K +$265K +26,901 +59%
LCS
82
Levin Capital Strategies
New York
$689K +$687K +69,847 New
LFAS
83
Level Four Advisory Services
Texas
$688K +$686K +69,735 New
AA
84
AQR Arbitrage
Connecticut
$589K – – –
Brown Advisory
85
Brown Advisory
Maryland
$543K – – –
PP
86
Paloma Partners
Connecticut
$543K – – –
SAMU
87
SONA Asset Management (US)
New York
$543K +$541K +55,000 New
VAM
88
Vazirani Asset Management
New York
$493K +$492K +50,000 New
HF
89
HRT Financial
New York
$492K +$491K +49,865 New
Baird Financial Group
90
Baird Financial Group
Wisconsin
$474K – – –
GH
91
GAM Holding
Switzerland
$472K – – –
ICMH
92
Integrity Capital Management (HK)
Hong Kong
$459K +$458K +46,537 New
QGA
93
Q Global Advisors
Texas
$444K +$443K +45,000 New
TIM
94
Timelo Investment Management
Ontario, Canada
$395K +$394K +40,000 New
ECM
95
Evolution Capital Management
Nevada
$345K +$344K +35,000 New
Bank of America
96
Bank of America
North Carolina
$305K +$304K +30,900 New
MTIM
97
Marathon Trading Investment Management
Pennsylvania
$287K – – –
Rockefeller Capital Management
98
Rockefeller Capital Management
New York
$284K +$39.4K +3,999 +16%
RL
99
RPO LLC
Connecticut
$267K +$266K +27,064 New
SIA
100
SkyView Investment Advisors
New Jersey
$264K – – –
2 3
4
5 6

GBTG Hedge Fund Activity: Q4 2021 in Review

123 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q4 2021, worth a combined $733M — up 10% from $664M a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new GBTG positions and 22 closed out — a net gain of 13 holders — while 26 added to existing stakes and 32 trimmed.

The largest buyer was Marshall Wace, adding an estimated $37.6M. The largest seller was Public Sector Pension Investment Board (PSP Investments), cutting an estimated $24.6M.

  • 123 institutional investors held American Express Global Business Travel (GBTG) as of Q4 2021, up from 113 in Q3 2021.
  • Funds reported $733M of American Express Global Business Travel stock for Q4 2021, up 10% quarter-over-quarter.
  • 35 funds opened new American Express Global Business Travel positions in Q4 2021 and 22 closed out, a net change of +13 holders.
  • The largest American Express Global Business Travel buyer in Q4 2021 was Marshall Wace, an estimated $37.6M added.
  • The largest American Express Global Business Travel seller in Q4 2021 was Public Sector Pension Investment Board (PSP Investments), an estimated $24.6M sold.

Based on aggregated 13F filings for Q4 2021.