American Express Global Business Travel
GBTG
133 hedge funds and large institutions have $2.22B invested in American Express Global Business Travel in 2024 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 49 increasing their positions, 23 reducing their positions, and 9 closing their positions.
400% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 9
113% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 23
36% more funds holding
Funds holding: 98 → 133 (+35)
17% more capital invested
Capital invested by funds: $1.89B → $2.22B (+$325M)
1.23% less ownership
Funds ownership: 52.06% → 50.83% (-1.2%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$7.73M |
| 2 |
BlackRock
New York
|
+$7.4M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.53M |
| 4 |
State Street
Boston,
Massachusetts
|
+$4.21M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$3.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$25.4M |
| 2 |
DC
Dendur Capital
New York
|
-$22.4M |
| 3 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$19.7M |
| 4 |
CCM
Carronade Capital Management
Darien,
Connecticut
|
-$5.24M |
| 5 |
TCA
Taconic Capital Advisors
New York
|
-$4.09M |
GBTG Hedge Fund Activity: Q4 2024 in Review
133 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q4 2024, worth a combined $2.22B — up 17% from $1.89B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new GBTG positions and 9 closed out — a net gain of 36 holders — while 49 added to existing stakes and 23 trimmed.
The largest buyer was Millennium Management, adding an estimated $7.73M. The largest seller was Vanguard Group, cutting an estimated $25.4M.
- 133 institutional investors held American Express Global Business Travel (GBTG) as of Q4 2024, up from 98 in Q3 2024.
- Funds reported $2.22B of American Express Global Business Travel stock for Q4 2024, up 17% quarter-over-quarter.
- 45 funds opened new American Express Global Business Travel positions in Q4 2024 and 9 closed out, a net change of +36 holders.
- The largest American Express Global Business Travel buyer in Q4 2024 was Millennium Management, an estimated $7.73M added.
- The largest American Express Global Business Travel seller in Q4 2024 was Vanguard Group, an estimated $25.4M sold.
Based on aggregated 13F filings for Q4 2024.