American Express Global Business Travel
GBTG
161 hedge funds and large institutions have $1.54B invested in American Express Global Business Travel in 2025 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 52 increasing their positions, 48 reducing their positions, and 25 closing their positions.
52% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 25
8% more funds holding
Funds holding: 149 → 161 (+12)
8% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 48
0.48% more ownership
Funds ownership: 50.45% → 50.94% (+0.48%)
12% less capital invested
Capital invested by funds: $1.74B → $1.54B (-$204M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
+$16M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.4M |
| 3 |
CCM
Carronade Capital Management
Darien,
Connecticut
|
+$5.97M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$4.67M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$10.8M |
| 2 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$8.44M |
| 3 |
Millennium Management
New York
|
-$7.3M |
| 4 |
Bank of New York Mellon
New York
|
-$2.76M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$2.42M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BTI
176
Blue Trust Inc
Alpharetta,
Georgia
| – | -$7.65K | -1,054 | Closed |
|
|
SWM
177
Spire Wealth Management
Mclean,
Virginia
| – | -$3.63K | -500 | Closed |
|
|
AF
178
Advisornet Financial
Minnetonka,
Minnesota
| – | -$1.91K | -263 | Closed |
|
179
Amundi
Paris,
France
| – | -$1.33K | -192 | Closed |
|
|
CCM
180
Coldstream Capital Management
Bellevue,
Washington
| – | -$915 | -126 | Closed |
|
|
SC
181
Stephens Consulting
Flint,
Michigan
| – | -$363 | -50 | Closed |
|
|
PA
182
Parallel Advisors
San Francisco,
California
| – | -$218 | -30 | Closed |
|
|
GFPC
183
Global Financial Private Client
Sarasota,
Florida
| – | -$65 | -9 | Closed |
|
|
C
184
Covestor
London,
United Kingdom
| – | -$13 | -2 | -7% |
|
|
FFA
185
Farther Finance Advisors
San Francisco,
California
| – | -$7 | -1 | Closed |
|
|
HWM
186
Hemington Wealth Management
Falls Church,
Virginia
| – | +$263 | +41 | +79% |
|
GBTG Hedge Fund Activity: Q2 2025 in Review
161 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q2 2025, worth a combined $1.54B — down 12% from $1.74B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new GBTG positions and 25 closed out — a net gain of 13 holders — while 52 added to existing stakes and 48 trimmed.
The largest buyer was Ares Management, adding an estimated $16M. The largest seller was BlackRock, cutting an estimated $10.8M.
- 161 institutional investors held American Express Global Business Travel (GBTG) as of Q2 2025, up from 149 in Q1 2025.
- Funds reported $1.54B of American Express Global Business Travel stock for Q2 2025, down 12% quarter-over-quarter.
- 38 funds opened new American Express Global Business Travel positions in Q2 2025 and 25 closed out, a net change of +13 holders.
- The largest American Express Global Business Travel buyer in Q2 2025 was Ares Management, an estimated $16M added.
- The largest American Express Global Business Travel seller in Q2 2025 was BlackRock, an estimated $10.8M sold.
Based on aggregated 13F filings for Q2 2025.