American Express Global Business Travel
GBTG
43 hedge funds and large institutions have $301M invested in American Express Global Business Travel in 2022 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 5 increasing their positions, 13 reducing their positions, and 97 closing their positions.
396% more call options, than puts
Call options by funds: $8.08M | Put options by funds: $1.63M
58.37% more ownership
Funds ownership: 0% → 58.37% (+58%)
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
58% less capital invested
Capital invested by funds: $721M → $301M (-$420M)
62% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 13
64% less funds holding
Funds holding: 119 → 43 (-76)
78% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 97
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AMH
Apollo Management Holdings
New York
|
+$196M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
+$76.1M |
| 3 |
HVCM
HG Vora Capital Management
New York
|
+$71.9M |
| 4 |
ZC
Zoom Communications
San Jose,
California
|
+$35.1M |
| 5 |
DC
Dendur Capital
New York
|
+$9.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$60.8M |
| 2 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$56.7M |
| 3 |
LA
Linden Advisors
New York
|
-$27.6M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$26.2M |
| 5 |
Millennium Management
New York
|
-$25.2M |
GBTG Hedge Fund Activity: Q2 2022 in Review
43 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q2 2022, worth a combined $301M — down 58% from $721M a quarter earlier.
Sellers outnumbered buyers: 97 funds closed out of GBTG and 21 opened new positions — a net loss of 76 holders — while 13 trimmed existing stakes and 5 added.
The largest buyer was Apollo Management Holdings, opening a new position worth an estimated $196M. The largest seller was Marshall Wace, exiting entirely with an estimated $60.8M sold.
- 43 institutional investors held American Express Global Business Travel (GBTG) as of Q2 2022, down from 119 in Q1 2022.
- Funds reported $301M of American Express Global Business Travel stock for Q2 2022, down 58% quarter-over-quarter.
- 21 funds opened new American Express Global Business Travel positions in Q2 2022 and 97 closed out, a net change of -76 holders.
- The largest American Express Global Business Travel buyer in Q2 2022 was Apollo Management Holdings, an estimated $196M added.
- The largest American Express Global Business Travel seller in Q2 2022 was Marshall Wace, an estimated $60.8M sold.
Based on aggregated 13F filings for Q2 2022.