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.
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: $665M → $733M (+$68.1M)
9% more funds holding
Funds holding: 113 → 123 (+10)
19% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
+$37.6M |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$21M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
+$18.4M |
| 4 |
Bank of Montreal
Toronto,
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)
Montreal,
Quebec, Canada
|
-$24.6M |
| 2 |
GCL
Glazer Capital LLC
New York
|
-$22.6M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
-$19.1M |
| 4 |
FC
Finepoint Capital
Boston,
Massachusetts
|
-$18.5M |
| 5 |
Millennium Management
New York
|
-$11.6M |
GBTG Hedge Fund Activity: Q4 2021 in Review
123 of the 6,518 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 $665M 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.