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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
126
Carlson Capital
Texas
– -$5.03M -645,316 Closed
SRCM
127
Sage Rock Capital Management
New York
– -$5.29M -541,998 Closed
SBLIC
128
Security Benefit Life Insurance Company
Kansas
– -$3.85M -394,410 Closed
MI
129
MMCAP International
Cayman Islands
– -$3.61M -369,942 Closed
AC
130
Athanor Capital
New York
– -$2.82M -289,148 Closed
BCM
131
Beryl Capital Management
California
– -$2.09M -214,045 Closed
Point72 Asset Management
132
Point72 Asset Management
Connecticut
– -$1.95M -200,000 Closed
CCFM
133
Cohen & Co Financial Management
New York
– -$1.93M -198,000 Closed
GT
134
Glenmede Trust
Pennsylvania
– -$1.63M -167,049 Closed
COPPSERS
135
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
– -$488K -50,000 Closed
CS
136
Credit Suisse
Switzerland
– -$474K -48,595 Closed
VCM
137
Venator Capital Management
Ontario, Canada
– -$244K -25,000 Closed
OFG
138
OTA Financial Group
New York
– -$200K -20,515 Closed
IAM
139
Ion Asset Management
Israel
– -$173K -17,710 Closed
LCM
140
Landscape Capital Management
New Jersey
– -$144K -14,724 Closed
EIP
141
Easterly Investment Partners
Massachusetts
– -$122K -12,500 Closed
VCM
142
Vivaldi Capital Management
Illinois
– -$98K -10,000 Closed
AWA
143
Arkadios Wealth Advisors
Georgia
– -$42K -4,382 Closed
DTIM
144
Danda Trouve Investment Management
Kansas
– -$23K -2,390 Closed
Osaic Holdings
145
Osaic Holdings
Arizona
– +$197 +20 New
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.