American Express Global Business Travel
GBTG
60 hedge funds and large institutions have $1.44B invested in American Express Global Business Travel in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 13 reducing their positions, and 12 closing their positions.
992% more call options, than puts
Call options by funds: $142K | Put options by funds: $13K
301% more capital invested
Capital invested by funds: $358M → $1.44B (+$1.08B)
92% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 13
33.65% more ownership
Funds ownership: 14.01% → 47.66% (+34%)
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
6% less funds holding
Funds holding: 64 → 60 (-4)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DC
Dendur Capital
New York
|
+$3.08M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
+$1.32M |
| 3 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$1.3M |
| 4 |
BAM
Ballast Asset Management
Dallas,
Texas
|
+$713K |
| 5 |
BlackRock
New York
|
+$686K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$4.11M |
| 2 |
CCM
Carronade Capital Management
Darien,
Connecticut
|
-$2.7M |
| 3 |
Goldman Sachs
New York
|
-$1.61M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$901K |
| 5 |
BC
Beaconlight Capital
New York
|
-$691K |
GBTG Hedge Fund Activity: Q4 2023 in Review
60 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q4 2023, worth a combined $1.44B — up 301% from $358M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of GBTG and 8 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 25 added.
The largest buyer was Dendur Capital, adding an estimated $3.08M. The largest seller was Macquarie Group, cutting an estimated $4.11M.
- 60 institutional investors held American Express Global Business Travel (GBTG) as of Q4 2023, down from 64 in Q3 2023.
- Funds reported $1.44B of American Express Global Business Travel stock for Q4 2023, up 301% quarter-over-quarter.
- 8 funds opened new American Express Global Business Travel positions in Q4 2023 and 12 closed out, a net change of -4 holders.
- The largest American Express Global Business Travel buyer in Q4 2023 was Dendur Capital, an estimated $3.08M added.
- The largest American Express Global Business Travel seller in Q4 2023 was Macquarie Group, an estimated $4.11M sold.
Based on aggregated 13F filings for Q4 2023.