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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
SGAM
101
Seaport Global Asset Management
New York
$10K -$10.5K -1,000 -50%
TRCT
102
Tower Research Capital (TRC)
New York
$9K +$8.7K +831 +1,204%
PA
103
Parallel Advisors
California
$3K +$3.13K +299 New
NC
104
NewSquare Capital
Pennsylvania
$2K +$2.62K +250 New
RIA
105
RP Investment Advisors
Ontario, Canada
– -$8.97M -861,423 Closed
OP
106
Omni Partners
United Kingdom
– -$4.89M -469,492 Closed
MIM
107
Monashee Investment Management
Massachusetts
– -$2.08M -199,992 Closed
MSU
108
Mizuho Securities USA
New York
– -$1.26M -125,000 Closed
WMSA
109
Weiss Multi-Strategy Advisers
New York
– -$1.29M -124,000 Closed
LP
110
LMR Partners
United Kingdom
– -$1.04M -100,000 Closed
AGM
111
Alpine Global Management
New York
– -$857K -82,334 Closed
BSCM
112
Berry Street Capital Management
United Kingdom
– -$781K -75,000 Closed
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.