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American Express Global Business Travel
GBTG

119 hedge funds and large institutions have $721M invested in American Express Global Business Travel in 2022 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 24 increasing their positions, 26 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,217% more call options, than puts

Call options by funds: $30.7M | Put options by funds: $2.33M

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

2% less capital invested

Capital invested by funds: $733M → $721M (-$11.8M)

8% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 26

3% less funds holding

Funds holding: 123 → 119 (-4)

17% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 23

Holders
119
Holders Change
-4
Holders Change %
-3.25%
% of All Funds
1.88%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
19
Increased
24
Reduced
26
Closed
23
Calls
$30.7M
Puts
$2.33M
Net Calls
+$28.4M
Net Calls Change
+$10.3M

Top Buyers

Rank Fund Capital Flow
1
TCA
Taconic Capital Advisors
New York
+$13.9M
2
Barclays
Barclays
United Kingdom
+$13.9M
3
HCM
Highbridge Capital Management
New York
+$13.4M
4
PCM
PAR Capital Management
Massachusetts
+$11M
5
Citadel Advisors
Citadel Advisors
Florida
+$8.47M

Top Sellers

Rank Fund Capital Flow
1
FBCM
Fort Baker Capital Management
California
-$19.2M
2
GCL
Glazer Capital LLC
New York
-$18M
3
DAM
DLD Asset Management
New York
-$17M
4
SI
Standard Investments
New York
-$12.3M
5
JP Morgan Chase
JP Morgan Chase
New York
-$11M
Name Holding Trade Value Shares
Change 		Change in
Stake
DKCM
76
Davidson Kempner Capital Management
New York
$995K – – –
SCM
77
Segantii Capital Management
Hong Kong
$995K – – –
MTCM
78
Mint Tower Capital Management
Netherlands
$995K +$990K +100,000 New
SCM
79
Shaolin Capital Management
Florida
$995K +$990K +100,000 New
WMSA
80
Weiss Multi-Strategy Advisers
New York
$979K -$15.8K -1,600 -2%
HF
81
HRT Financial
New York
$969K +$471K +47,567 +95%
SIM
82
Sandia Investment Management
Massachusetts
$873K +$868K +87,705 New
CCM
83
Context Capital Management
California
$803K – – –
Walleye Capital
84
Walleye Capital
New York
$746K +$742K +75,000 New
BCM
85
BCK Capital Management
Connecticut
$720K – – –
LCS
86
Levin Capital Strategies
New York
$695K – – –
Group One Trading
87
Group One Trading
Illinois
$606K +$603K +60,902 New
AA
88
AQR Arbitrage
Connecticut
$594K – – –
SAMU
89
SONA Asset Management (US)
New York
$549K – – –
PP
90
Paloma Partners
Connecticut
$547K – – –
OAC
91
OMERS Administration Corp
Ontario, Canada
$540K +$419K +42,323 +353%
LFAS
92
Level Four Advisory Services
Texas
$502K -$191K -19,275 -28%
Tudor Investment Corp
93
Tudor Investment Corp
Connecticut
$495K +$492K +49,700 New
Baird Financial Group
94
Baird Financial Group
Wisconsin
$478K – – –
ICMH
95
Integrity Capital Management (HK)
Hong Kong
$463K – – –
KC
96
Kryger Capital
United Kingdom
$452K +$450K +45,454 New
ACM
97
Atalaya Capital Management
New York
$447K -$567K -57,336 -56%
TIM
98
Timelo Investment Management
Ontario, Canada
$398K – – –
ECM
99
Evolution Capital Management
Nevada
$348K – – –
Bank of America
100
Bank of America
North Carolina
$307K – – –
2 3
4
5 6

GBTG Hedge Fund Activity: Q1 2022 in Review

119 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q1 2022, worth a combined $721M — down 1.6% from $733M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of GBTG and 19 opened new positions — a net loss of 4 holders — while 26 trimmed existing stakes and 24 added.

The largest buyer was Taconic Capital Advisors, adding an estimated $13.9M. The largest seller was Fort Baker Capital Management, exiting entirely with an estimated $19.2M sold.

  • 119 institutional investors held American Express Global Business Travel (GBTG) as of Q1 2022, down from 123 in Q4 2021.
  • Funds reported $721M of American Express Global Business Travel stock for Q1 2022, down 1.6% quarter-over-quarter.
  • 19 funds opened new American Express Global Business Travel positions in Q1 2022 and 23 closed out, a net change of -4 holders.
  • The largest American Express Global Business Travel buyer in Q1 2022 was Taconic Capital Advisors, an estimated $13.9M added.
  • The largest American Express Global Business Travel seller in Q1 2022 was Fort Baker Capital Management, an estimated $19.2M sold.

Based on aggregated 13F filings for Q1 2022.