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American Express Global Business Travel

43 hedge funds and large institutions have $301M invested in American Express Global Business Travel in 2022 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 5 increasing their positions, 13 reducing their positions, and 97 closing their positions.

New
Increased
Maintained
Reduced
Closed

396% more call options, than puts

Call options by funds: $8.08M | Put options by funds: $1.63M

58.37% more ownership

Funds ownership: 0%58.37% (+58%)

40% more funds holding in top 10

Funds holding in top 10: 57 (+2)

58% less capital invested

Capital invested by funds: $721M → $301M (-$420M)

62% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 13

64% less funds holding

Funds holding: 11943 (-76)

78% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 97

Holders
43
Holders Change
-76
Holders Change %
-63.87%
% of All Funds
0.72%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.12%
New
21
Increased
5
Reduced
13
Closed
97
Calls
$8.08M
Puts
$1.63M
Net Calls
+$6.45M
Net Calls Change
-$21.9M
Name Holding Trade Value Shares
Change
Change in
Stake
TD Asset Management
101
TD Asset Management
Ontario, Canada
-$1.49M -150,000 Closed
GF
102
Gabelli Funds
New York
-$1.25M -125,748 Closed
CL
103
CSS LLC
Illinois
-$1.2M -120,903 Closed
SSA
104
Schonfeld Strategic Advisors
New York
-$1.19M -120,000 Closed
GCIA
105
Gabelli & Co Investment Advisers
New York
-$1.12M -112,202 Closed
CCM
106
CAAS Capital Management
New York
-$1.06M -106,200 Closed
DKCM
107
Davidson Kempner Capital Management
New York
-$995K -100,000 Closed
MTCM
108
Mint Tower Capital Management
Netherlands
-$995K -100,000 Closed
SCM
109
Segantii Capital Management
Hong Kong
-$995K -100,000 Closed
SCM
110
Shaolin Capital Management
Florida
-$995K -100,000 Closed
WMSA
111
Weiss Multi-Strategy Advisers
New York
-$979K -98,400 Closed
HF
112
HRT Financial
New York
-$969K -97,432 Closed
SIM
113
Sandia Investment Management
Massachusetts
-$873K -87,705 Closed
CCM
114
Context Capital Management
California
-$803K -80,698 Closed
BCM
115
BCK Capital Management
Connecticut
-$720K -72,389 Closed
LCS
116
Levin Capital Strategies
New York
-$695K -69,847 Closed
AA
117
AQR Arbitrage
Connecticut
-$594K -59,700 Closed
PP
118
Paloma Partners
Connecticut
-$482K -55,000 Closed
SAMU
119
SONA Asset Management (US)
New York
-$549K -55,000 Closed
OAC
120
OMERS Administration Corp
Ontario, Canada
-$540K -54,321 Closed
LFAS
121
Level Four Advisory Services
Texas
-$502K -50,460 Closed
Tudor Investment Corp
122
Tudor Investment Corp
Connecticut
-$495K -49,700 Closed
Baird Financial Group
123
Baird Financial Group
Wisconsin
-$478K -48,000 Closed
ICMH
124
Integrity Capital Management (HK)
Hong Kong
-$463K -46,537 Closed
KC
125
Kryger Capital
United Kingdom
-$452K -45,454 Closed

GBTG Hedge Fund Activity: Q2 2022 in Review

43 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q2 2022, worth a combined $301M — down 58% from $721M a quarter earlier.

Sellers outnumbered buyers: 97 funds closed out of GBTG and 21 opened new positions — a net loss of 76 holders — while 13 trimmed existing stakes and 5 added.

The largest buyer was Apollo Management Holdings, opening a new position worth an estimated $196M. The largest seller was Marshall Wace, exiting entirely with an estimated $60.8M sold.

  • 43 institutional investors held American Express Global Business Travel (GBTG) as of Q2 2022, down from 119 in Q1 2022.
  • Funds reported $301M of American Express Global Business Travel stock for Q2 2022, down 58% quarter-over-quarter.
  • 21 funds opened new American Express Global Business Travel positions in Q2 2022 and 97 closed out, a net change of -76 holders.
  • The largest American Express Global Business Travel buyer in Q2 2022 was Apollo Management Holdings, an estimated $196M added.
  • The largest American Express Global Business Travel seller in Q2 2022 was Marshall Wace, an estimated $60.8M sold.

Based on aggregated 13F filings for Q2 2022.