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American Express Global Business Travel
GBTG

45 hedge funds and large institutions have $388M invested in American Express Global Business Travel in 2022 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 16 increasing their positions, 8 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

144% more call options, than puts

Call options by funds: $1.04M | Put options by funds: $425K

100% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 8

89% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 9

43% more capital invested

Capital invested by funds: $271M → $388M (+$117M)

15% more funds holding

Funds holding: 39 → 45 (+6)

0.84% more ownership

Funds ownership: 83.96% → 84.8% (+0.84%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

Holders
45
Holders Change
+6
Holders Change %
+15.38%
% of All Funds
0.72%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
17
Increased
16
Reduced
8
Closed
9
Calls
$1.04M
Puts
$425K
Net Calls
+$611K
Net Calls Change
-$196K

Top Buyers

Rank Fund Capital Flow
1
AMH
Apollo Management Holdings
New York
+$18.5M
2
CCM
Carronade Capital Management
Connecticut
+$12.7M
3
EMG
ETF Managers Group
New Jersey
+$6.24M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$6.12M
5
DC
Dendur Capital
New York
+$2.86M

Top Sellers

Rank Fund Capital Flow
1
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$2.35M
2
Millennium Management
Millennium Management
New York
-$1.58M
3
FBCM
Fort Baker Capital Management
California
-$918K
4
Boston Partners
Boston Partners
Massachusetts
-$474K
5
JP Morgan Chase
JP Morgan Chase
New York
-$335K
Name Holding Trade Value Shares
Change 		Change in
Stake
AMH
1
Apollo Management Holdings
New York
$174M +$18.5M +3,361,636 +15%
AM
2
Ares Management
California
$58.6M – – –
HVCM
3
HG Vora Capital Management
New York
$55.4M – – –
ZC
4
Zoom Communications
California
$27M – – –
CCM
5
Carronade Capital Management
Connecticut
$19M +$12.7M +2,314,512 +462%
DC
6
Dendur Capital
New York
$11.7M +$2.86M +518,900 +43%
Vanguard Group
7
Vanguard Group
Pennsylvania
$8.85M +$6.12M +1,111,377 +558%
EMG
8
ETF Managers Group
New Jersey
$7.66M +$6.24M +1,134,271 New
NM
9
Newtyn Management
New York
$6.98M +$2.85M +518,065 +101%
SC
10
Sculptor Capital
New York
$2.9M +$2.37M +430,000 New
TCA
11
Taconic Capital Advisors
New York
$2.73M +$2.22M +404,268 New
ECP
12
Empyrean Capital Partners
California
$2.16M +$1.76M +320,556 New
Balyasny Asset Management
13
Balyasny Asset Management
Illinois
$1.86M +$1.51M +274,829 New
BC
14
Beaconlight Capital
New York
$1.31M -$30.8K -5,596 -3%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$1.19M +$421K +76,542 +77%
CC
16
Clearline Capital
New York
$925K +$404K +73,378 +115%
BlackRock
17
BlackRock
New York
$846K +$5.13K +933 +0.8%
CM
18
CastleKnight Management
New York
$678K +$174K +31,565 +46%
Goldman Sachs
19
Goldman Sachs
New York
$676K +$45.7K +8,303 +9%
ICM
20
Ionic Capital Management
New York
$583K +$475K +86,354 +2,878,467%
LP
21
LMR Partners
United Kingdom
$494K +$403K +73,169 New
ACA
22
Arena Capital Advisors
California
$391K +$319K +57,921 New
PCM
23
Prelude Capital Management
New York
$323K -$4.44K -806 -2%
Millennium Management
24
Millennium Management
New York
$310K -$1.58M -286,357 -86%
State Street
25
State Street
Massachusetts
$294K +$239K +43,500 New
1
2 3

GBTG Hedge Fund Activity: Q4 2022 in Review

45 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q4 2022, worth a combined $388M — up 43% from $271M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new GBTG positions and 9 closed out — a net gain of 8 holders — while 16 added to existing stakes and 8 trimmed.

The largest buyer was Apollo Management Holdings, adding an estimated $18.5M. The largest seller was Alyeska Investment Group, exiting entirely with an estimated $2.35M sold.

  • 45 institutional investors held American Express Global Business Travel (GBTG) as of Q4 2022, up from 39 in Q3 2022.
  • Funds reported $388M of American Express Global Business Travel stock for Q4 2022, up 43% quarter-over-quarter.
  • 17 funds opened new American Express Global Business Travel positions in Q4 2022 and 9 closed out, a net change of +8 holders.
  • The largest American Express Global Business Travel buyer in Q4 2022 was Apollo Management Holdings, an estimated $18.5M added.
  • The largest American Express Global Business Travel seller in Q4 2022 was Alyeska Investment Group, an estimated $2.35M sold.

Based on aggregated 13F filings for Q4 2022.