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American Express Global Business Travel

55 hedge funds and large institutions have $429M invested in American Express Global Business Travel in 2023 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 14 increasing their positions, 8 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

127% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 11

104% more call options, than puts

Call options by funds: $359K | Put options by funds: $176K

75% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 8

31% more funds holding

Funds holding: 4255 (+13)

20% more funds holding in top 10

Funds holding in top 10: 56 (+1)

12% more capital invested

Capital invested by funds: $383M → $429M (+$45.7M)

1.67% more ownership

Funds ownership: 83.21%84.88% (+1.7%)

Holders
55
Holders Change
+13
Holders Change %
+30.95%
% of All Funds
0.86%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.09%
New
25
Increased
14
Reduced
8
Closed
11
Calls
$359K
Puts
$176K
Net Calls
+$183K
Net Calls Change
+$388K
Name Holding Trade Value Shares
Change
Change in
Stake
AMH
1
Apollo Management Holdings
New York
$186M
AM
2
Ares Management
California
$62.7M
HVCM
3
HG Vora Capital Management
New York
$59.3M
ZC
4
Zoom Communications
California
$28.9M
CCM
5
Carronade Capital Management
Connecticut
$23.8M +$1.48M +217,561 +7%
DC
6
Dendur Capital
New York
$14.7M +$1.23M +180,876 +10%
Vanguard Group
7
Vanguard Group
Pennsylvania
$14.4M +$4.24M +621,807 +46%
BlackRock
8
BlackRock
New York
$11.3M +$9.82M +1,441,400 +1,169%
Hudson Bay Capital Management
9
Hudson Bay Capital Management
Connecticut
$6.54M -$179K -26,284 -3%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$3.53M +$2.04M +299,100 +158%
State Street
11
State Street
Massachusetts
$3.48M +$2.82M +413,802 +615%
TCA
12
Taconic Capital Advisors
New York
$2.6M -$444K -65,137 -15%
ECP
13
Empyrean Capital Partners
California
$2.32M
Northern Trust
14
Northern Trust
Illinois
$1.8M +$1.46M +214,187 +611%
BC
15
Beaconlight Capital
New York
$1.22M +$42.9K +6,295 +4%
N
16
Nuveen
North Carolina
$811K +$764K +112,147 New
Bank of New York Mellon
17
Bank of New York Mellon
New York
$625K +$589K +86,474 New
Charles Schwab
18
Charles Schwab
California
$582K +$548K +80,436 New
Goldman Sachs
19
Goldman Sachs
New York
$472K -$275K -40,297 -38%
PCM
20
Prelude Capital Management
New York
$362K +$41.7K +6,121 +14%
CM
21
CastleKnight Management
New York
$328K -$124K -18,200 -29%
AI
22
AdvisorShares Investments
Maryland
$324K +$306K +44,850 New
NM
23
Newtyn Management
New York
$224K -$7M -1,027,275 -97%
Morgan Stanley
24
Morgan Stanley
New York
$193K +$106K +15,627 +141%
RhumbLine Advisers
25
RhumbLine Advisers
Massachusetts
$186K +$175K +25,692 New

GBTG Hedge Fund Activity: Q2 2023 in Review

55 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q2 2023, worth a combined $429M — up 12% from $383M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new GBTG positions and 11 closed out — a net gain of 14 holders — while 14 added to existing stakes and 8 trimmed.

The largest buyer was BlackRock, adding an estimated $9.82M. The largest seller was Newtyn Management, cutting an estimated $7M.

  • 55 institutional investors held American Express Global Business Travel (GBTG) as of Q2 2023, up from 42 in Q1 2023.
  • Funds reported $429M of American Express Global Business Travel stock for Q2 2023, up 12% quarter-over-quarter.
  • 25 funds opened new American Express Global Business Travel positions in Q2 2023 and 11 closed out, a net change of +14 holders.
  • The largest American Express Global Business Travel buyer in Q2 2023 was BlackRock, an estimated $9.82M added.
  • The largest American Express Global Business Travel seller in Q2 2023 was Newtyn Management, an estimated $7M sold.

Based on aggregated 13F filings for Q2 2023.