American Express Global Business Travel
GBTG
74 hedge funds and large institutions have $1.55B invested in American Express Global Business Travel in 2024 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 42 increasing their positions, 6 reducing their positions, and 7 closing their positions.
600% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 6
129% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 7
14% more funds holding
Funds holding: 65 → 74 (+9)
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
12% more capital invested
Capital invested by funds: $1.38B → $1.55B (+$164M)
0.91% more ownership
Funds ownership: 48.72% → 49.64% (+0.91%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$28.2M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
+$11.5M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$6.84M |
| 4 |
State Street
Boston,
Massachusetts
|
+$5.88M |
| 5 |
Bank of New York Mellon
New York
|
+$5.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$33.9M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$19.5M |
| 3 |
ECU
Eisler Capital (US)
New York
|
-$717K |
| 4 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$604K |
| 5 |
ICM
Ionic Capital Management
New York
|
-$189K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
76
American International Group
New York
| – | -$95.6K | -15,904 | Closed |
|
|
C
77
Covestor
London,
United Kingdom
| – | -$93.2K | -15,191 | -100% |
|
|
MLICM
78
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$11.6K | -1,937 | Closed |
|
|
EC
79
EntryPoint Capital
New York
| – | -$7.19K | -1,197 | Closed |
|
80
Simplex Trading
Chicago,
Illinois
| – | -$5.95K | -970 | Closed |
|
|
AWM
81
Avior Wealth Management
Omaha,
Nebraska
| – | -$36 | -6 | Closed |
|
GBTG Hedge Fund Activity: Q2 2024 in Review
74 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q2 2024, worth a combined $1.55B — up 12% from $1.38B a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new GBTG positions and 7 closed out — a net gain of 9 holders — while 42 added to existing stakes and 6 trimmed.
The largest buyer was BlackRock, adding an estimated $28.2M. The largest seller was HG Vora Capital Management, cutting an estimated $33.9M.
- 74 institutional investors held American Express Global Business Travel (GBTG) as of Q2 2024, up from 65 in Q1 2024.
- Funds reported $1.55B of American Express Global Business Travel stock for Q2 2024, up 12% quarter-over-quarter.
- 16 funds opened new American Express Global Business Travel positions in Q2 2024 and 7 closed out, a net change of +9 holders.
- The largest American Express Global Business Travel buyer in Q2 2024 was BlackRock, an estimated $28.2M added.
- The largest American Express Global Business Travel seller in Q2 2024 was HG Vora Capital Management, an estimated $33.9M sold.
Based on aggregated 13F filings for Q2 2024.