American Express Global Business Travel
GBTG
65 hedge funds and large institutions have $1.38B invested in American Express Global Business Travel in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 22 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
8% more funds holding
Funds holding: 60 → 65 (+5)
1.06% more ownership
Funds ownership: 47.66% → 48.72% (+1.1%)
4% less capital invested
Capital invested by funds: $1.44B → $1.38B (-$51.7M)
23% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 22
34% less call options, than puts
Call options by funds: $107K | Put options by funds: $163K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$41.4M |
| 2 |
DC
Dendur Capital
New York
|
+$4.59M |
| 3 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$3.29M |
| 4 |
TCA
Taconic Capital Advisors
New York
|
+$1.03M |
| 5 |
ECU
Eisler Capital (US)
New York
|
+$698K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$3.9M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$2.56M |
| 3 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$458K |
| 4 |
BlackRock
New York
|
-$379K |
| 5 |
HF
HRT Financial
New York
|
-$329K |
GBTG Hedge Fund Activity: Q1 2024 in Review
65 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q1 2024, worth a combined $1.38B — down 3.6% from $1.44B a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new GBTG positions and 7 closed out — a net gain of 5 holders — while 17 added to existing stakes and 22 trimmed.
The largest buyer was Beach Point Capital Management, opening a new position worth an estimated $41.4M. The largest seller was Hudson Bay Capital Management, exiting entirely with an estimated $3.9M sold.
- 65 institutional investors held American Express Global Business Travel (GBTG) as of Q1 2024, up from 60 in Q4 2023.
- Funds reported $1.38B of American Express Global Business Travel stock for Q1 2024, down 3.6% quarter-over-quarter.
- 12 funds opened new American Express Global Business Travel positions in Q1 2024 and 7 closed out, a net change of +5 holders.
- The largest American Express Global Business Travel buyer in Q1 2024 was Beach Point Capital Management, an estimated $41.4M added.
- The largest American Express Global Business Travel seller in Q1 2024 was Hudson Bay Capital Management, an estimated $3.9M sold.
Based on aggregated 13F filings for Q1 2024.