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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$22.8M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$18.3M |
| 3 |
MWNA
Marshall Wace North America
New York
|
+$18M |
| 4 |
SI
Standard Investments
New York
|
+$13.1M |
| 5 |
MC
MIG Capital
Newport Beach,
California
|
+$12.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$10.2M |
| 2 |
SC
Sculptor Capital
New York
|
-$9.12M |
| 3 |
RIA
RP Investment Advisors
Toronto,
Ontario, Canada
|
-$8.97M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$7.24M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$6.46M |
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.