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American Express Global Business Travel
GBTG

74 hedge funds and large institutions have $1.55B invested in American Express Global Business Travel in 2024 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 42 increasing their positions, 6 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 6

129% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 7

14% more funds holding

Funds holding: 65 → 74 (+9)

13% more funds holding in top 10

Funds holding in top 10: 8 → 9 (+1)

12% more capital invested

Capital invested by funds: $1.38B → $1.55B (+$164M)

0.91% more ownership

Funds ownership: 48.72% → 49.64% (+0.91%)

Holders
74
Holders Change
+9
Holders Change %
+13.85%
% of All Funds
1.07%
Holding in Top 10
9
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+12.5%
% of All Funds
0.13%
New
16
Increased
42
Reduced
6
Closed
7
Calls
$86K
Puts
–
Net Calls
+$86K
Net Calls Change
+$142K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$28.2M
2
AM
Ares Management
California
+$11.5M
3
Geode Capital Management
Geode Capital Management
Massachusetts
+$6.84M
4
State Street
State Street
Massachusetts
+$5.88M
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$5.68M

Top Sellers

Rank Fund Capital Flow
1
HVCM
HG Vora Capital Management
New York
-$33.9M
2
Macquarie Group
Macquarie Group
Australia
-$19.5M
3
ECU
Eisler Capital (US)
New York
-$717K
4
TI
Tidal Investments
Wisconsin
-$604K
5
ICM
Ionic Capital Management
New York
-$189K
Name Holding Trade Value Shares
Change 		Change in
Stake
AE
1
American Express
New York
$1.04B – – –
AMH
2
Apollo Management Holdings
New York
$170M – – –
AM
3
Ares Management
California
$71.8M +$11.5M +1,867,266 +21%
BPCM
4
Beach Point Capital Management
California
$46.6M -$75.7K -12,339 -0.2%
BlackRock
5
BlackRock
New York
$44.1M +$28.2M +4,595,921 +221%
ZC
6
Zoom Communications
California
$26.4M – – –
DC
7
Dendur Capital
New York
$25M +$111K +18,105 +0.5%
CCM
8
Carronade Capital Management
Connecticut
$21.1M +$959K +156,292 +5%
HVCM
9
HG Vora Capital Management
New York
$14.4M -$33.9M -5,525,000 -72%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$12.9M +$6.84M +1,115,434 +133%
State Street
11
State Street
Massachusetts
$10.6M +$5.88M +957,877 +149%
Vanguard Group
12
Vanguard Group
Pennsylvania
$10.2M +$3.5M +569,859 +59%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$6.65M +$5.68M +925,018 +1,117%
TCA
14
Taconic Capital Advisors
New York
$5.13M +$432K +70,358 +10%
PCM
15
PAR Capital Management
Massachusetts
$4.93M – – –
PIP
16
PB Investment Partners
California
$4.03M +$3.74M +609,859 New
Charles Schwab
17
Charles Schwab
California
$3.75M +$1.31M +212,762 +60%
TI
18
Tidal Investments
Wisconsin
$3.07M -$604K -98,370 -17%
BAM
19
Ballast Asset Management
Texas
$2.71M +$147K +23,932 +6%
Northern Trust
20
Northern Trust
Illinois
$2.16M +$220K +35,923 +12%
N
21
Nuveen
North Carolina
$2.15M +$1.29M +210,859 +183%
ECP
22
Empyrean Capital Partners
California
$2.12M – – –
AGM
23
Alpine Global Management
New York
$1.7M +$1.58M +257,513 New
Morgan Stanley
24
Morgan Stanley
New York
$1.59M +$1.12M +181,742 +308%
Millennium Management
25
Millennium Management
New York
$1.48M +$1.37M +223,678 New
1
2 3 4

GBTG Hedge Fund Activity: Q2 2024 in Review

74 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q2 2024, worth a combined $1.55B — up 12% from $1.38B a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new GBTG positions and 7 closed out — a net gain of 9 holders — while 42 added to existing stakes and 6 trimmed.

The largest buyer was BlackRock, adding an estimated $28.2M. The largest seller was HG Vora Capital Management, cutting an estimated $33.9M.

  • 74 institutional investors held American Express Global Business Travel (GBTG) as of Q2 2024, up from 65 in Q1 2024.
  • Funds reported $1.55B of American Express Global Business Travel stock for Q2 2024, up 12% quarter-over-quarter.
  • 16 funds opened new American Express Global Business Travel positions in Q2 2024 and 7 closed out, a net change of +9 holders.
  • The largest American Express Global Business Travel buyer in Q2 2024 was BlackRock, an estimated $28.2M added.
  • The largest American Express Global Business Travel seller in Q2 2024 was HG Vora Capital Management, an estimated $33.9M sold.

Based on aggregated 13F filings for Q2 2024.